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Registered Number: 11221821
England and Wales

 

 

 

TALHA TRADING COMPANY LTD


Abridged Accounts
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
  2024   2023
    £ £   £ £
Fixed assets   28,453      32,303 
Current assets 10,744      11,971   
Creditors: amount falling due within one year (83,102)     (65,997)  
Net current assets   (72,358)     (54,026)
Total assets less current liabilities   (43,905)     (21,723)
Creditors: amount falling due after more than one year   (12,470)    
Provisions for liabilities   (529)     (543)
Net assets   (56,904)     (22,266)
 

         
Capital and reserves   (56,904)     (22,266)
 
NOTES TO THE ACCOUNTS

General Information
TALHA TRADING COMPANY LTD is a private company, limited by shares, registered in England and Wales, registration number 11221821, registration address 50 Broadway, West Ealing, LONDON, W13 0SU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15% Straight Line
Fixtures and Fittings 15% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 February 2023 25,200    25,200 
Additions  
Disposals  
At 31 January 2024 25,200    25,200 
Amortisation
At 01 February 2023 7,560    7,560 
Charge for year 2,520    2,520 
On disposals  
At 31 January 2024 10,080    10,080 
Net book values
At 31 January 2024 15,120    15,120 
At 31 January 2023 17,640    17,640 


3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 February 2023 14,000    6,000    20,000 
Additions    
Disposals    
At 31 January 2024 14,000    6,000    20,000 
Depreciation
At 01 February 2023 3,736    1,601    5,337 
Charge for year 931    399    1,330 
On disposals    
At 31 January 2024 4,667    2,000    6,667 
Net book values
Closing balance as at 31 January 2024 9,333    4,000    13,333 
Opening balance as at 01 February 2023 10,264    4,399    14,663 


4.

Average number of employees

Average number of employees during the year was 6 (2023 : 4).


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 28 October 2024 and were signed on its behalf by:


--------------------------------
Muhammad Talha Afaq SIDDIQUI
Director
1