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COMPANY REGISTRATION NUMBER: 05139886
AIMEN HASSANI LIMITED
Unaudited Financial Statements
5 April 2024
AIMEN HASSANI LIMITED
Financial Statements
Year ended 5 April 2024
Contents
Page
Directors' report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
4
AIMEN HASSANI LIMITED
Directors' Report
Year ended 5 April 2024
The directors present their report and the unaudited financial statements of the company for the year ended 5 April 2024 .
Directors
The directors who served the company during the year were as follows:
Dr Al-Hassani
P B Hassani
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 31 October 2024 and signed on behalf of the board by:
Dr Al-Hassani
Director
Registered office:
c/o The Accounting Centre Ltd
736 High road
North Finchley
London
N12 9QD
AIMEN HASSANI LIMITED
Statement of Income and Retained Earnings
Year ended 5 April 2024
2024
2023
Note
£
£
Turnover
150,615
111,168
Cost of sales
73,049
51,074
---------
---------
Gross profit
77,566
60,094
Administrative expenses
15,913
17,096
--------
--------
Operating profit
61,653
42,998
Other interest receivable and similar income
76
--------
--------
Profit before taxation
61,729
42,998
Tax on profit
12,587
8,169
--------
--------
Profit for the financial year and total comprehensive income
49,142
34,829
--------
--------
Dividends paid and payable
6
( 58,500)
( 54,000)
Retained earnings at the start of the year
54,946
74,117
--------
--------
Retained earnings at the end of the year
45,588
54,946
--------
--------
All the activities of the company are from continuing operations.
AIMEN HASSANI LIMITED
Statement of Financial Position
5 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
7
1
1
Current assets
Debtors
8
22,774
15,399
Cash at bank and in hand
36,894
49,751
--------
--------
59,668
65,150
Creditors: amounts falling due within one year
9
13,981
10,105
--------
--------
Net current assets
45,687
55,045
--------
--------
Total assets less current liabilities
45,688
55,046
--------
--------
Net assets
45,688
55,046
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
10
45,588
54,946
--------
--------
Shareholders funds
45,688
55,046
--------
--------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 5 April 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 31 October 2024 , and are signed on behalf of the board by:
Dr Al-Hassani
P B Hassani
Director
Director
Company registration number: 05139886
AIMEN HASSANI LIMITED
Notes to the Financial Statements
Year ended 5 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o The Accounting Centre Ltd, 736 High road, North Finchley, London, N12 9QD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents the total amount receivable in the ordinary course of business for services provided. Turnover is attributable to the one principal activity of the company which was carried out solely in the United Kingdom. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Directors' remuneration
The directors' aggregate remuneration in respect of qualifying services was:
2024
2023
£
£
Remuneration
72,570
51,074
--------
--------
6. Dividends
2024
2023
£
£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )
58,500
54,000
--------
--------
7. Tangible assets
Land and buildings
£
Cost
At 6 April 2023 and 5 April 2024
328
----
Depreciation
At 6 April 2023 and 5 April 2024
327
----
Carrying amount
At 5 April 2024
1
----
At 5 April 2023
1
----
8. Debtors
2024
2023
£
£
Trade debtors
20,611
14,622
Other debtors
2,163
777
--------
--------
22,774
15,399
--------
--------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
1,373
1,936
Corporation tax
12,608
8,169
--------
--------
13,981
10,105
--------
--------
10. Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses.
11. Directors' advances, credits and guarantees
This has been shown within note 8 as "Other debtors".
12. Controlling party
The company was under the control of its directors throughout the year.