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Company Registration No. 07508544 (England and Wales)
AAMA Financial Consultancy Services Limited Filleted accounts for the year ended 31 January 2024
AAMA Financial Consultancy Services Limited Filleted accounts Contents
Page
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AAMA Financial Consultancy Services Limited Company Information for the year ended 31 January 2024
Director
Yasin Jussab
Company Number
07508544 (England and Wales)
Registered Office
30c Stoughton Drive North Leicester LE5 5UB
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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AAMA Financial Consultancy Services Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
75,784 
65,100 
Current assets
Debtors
5,000 
5,000 
Cash at bank and in hand
96,605 
213,464 
101,605 
218,464 
Creditors: amounts falling due within one year
(27,314)
(67,334)
Net current assets
74,291 
151,130 
Total assets less current liabilities
150,075 
216,230 
Creditors: amounts falling due after more than one year
(52,953)
(86,396)
Net assets
97,122 
129,834 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
97,120 
129,832 
Shareholders' funds
97,122 
129,834 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
Yasin Jussab Director Company Registration No. 07508544
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AAMA Financial Consultancy Services Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
AAMA Financial Consultancy Services Limited is a private company, limited by shares, registered in England and Wales, registration number 07508544. The registered office is 30c Stoughton Drive North, Leicester, LE5 5UB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% straight line
Fixtures & fittings
15% Straight line
Computer equipment
33% Straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Investments in shares are included at fair value.
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AAMA Financial Consultancy Services Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
81,375 
11,795 
2,144 
95,314 
Additions
33,699 
- 
- 
33,699 
At 31 January 2024
115,074 
11,795 
2,144 
129,013 
Depreciation
At 1 February 2023
16,275 
11,795 
2,144 
30,214 
Charge for the year
23,015 
- 
- 
23,015 
At 31 January 2024
39,290 
11,795 
2,144 
53,229 
Net book value
At 31 January 2024
75,784 
- 
- 
75,784 
At 31 January 2023
65,100 
- 
- 
65,100 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
5,000 
5,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,942 
54,255 
Taxes and social security
9,630 
12,136 
Other creditors
13,799 
- 
Accruals
943 
943 
27,314 
67,334 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
52,953 
86,396 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 A Ordinary shares of £1 each
1 
1 
1 B Ordinary shares of £1 each
1 
1 
2 
2 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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