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REGISTERED NUMBER: 04150785 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

Aziziye Halal Foods Store Ltd

Aziziye Halal Foods Store Ltd (Registered number: 04150785)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aziziye Halal Foods Store Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: M Ersoy





REGISTERED OFFICE: 117-119 Stoke Newington Road
London
N16 8BU





REGISTERED NUMBER: 04150785 (England and Wales)





ACCOUNTANTS: Musalar & Co Accountants
International Accountant &Tax Consultant
FAIA, FFA, FIPA,,FFTA
536 Lordship Lane
London
N22 5BY

Aziziye Halal Foods Store Ltd (Registered number: 04150785)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,400 3,500
Tangible assets 5 119,316 139,445
122,716 142,945

CURRENT ASSETS
Stocks 6 74,606 69,606
Cash at bank and in hand 2,416 23,428
77,022 93,034
CREDITORS
Amounts falling due within one year 7 56,017 98,241
NET CURRENT ASSETS/(LIABILITIES) 21,005 (5,207 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,721

137,738

CREDITORS
Amounts falling due after more than one
year

8

87,500

92,093
NET ASSETS 56,221 45,645

CAPITAL AND RESERVES
Called up share capital 9 20,500 20,500
Retained earnings 10 35,721 25,145
SHAREHOLDERS' FUNDS 56,221 45,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Aziziye Halal Foods Store Ltd (Registered number: 04150785)

Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2024 and were signed by:





M Ersoy - Director


Aziziye Halal Foods Store Ltd (Registered number: 04150785)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Aziziye Halal Foods Store Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Aziziye Halal Foods Store Ltd (Registered number: 04150785)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 5,000
AMORTISATION
At 1 March 2023 1,500
Amortisation for year 100
At 29 February 2024 1,600
NET BOOK VALUE
At 29 February 2024 3,400
At 28 February 2023 3,500

Aziziye Halal Foods Store Ltd (Registered number: 04150785)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 March 2023 58,000 178,740 25,253 261,993
Additions - 4,509 - 4,509
At 29 February 2024 58,000 183,249 25,253 266,502
DEPRECIATION
At 1 March 2023 - 116,235 6,313 122,548
Charge for year - 18,325 6,313 24,638
At 29 February 2024 - 134,560 12,626 147,186
NET BOOK VALUE
At 29 February 2024 58,000 48,689 12,627 119,316
At 28 February 2023 58,000 62,505 18,940 139,445

6. STOCKS
29.2.24 28.2.23
£    £   
Stocks 74,606 69,606

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 47,722 92,830
Paye 3,340 2,706
VAT 4,955 2,705
56,017 98,241

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans more 5 yr by instal 87,500 92,093

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 87,500 92,093

Aziziye Halal Foods Store Ltd (Registered number: 04150785)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
20,500 Ordinary shares class A 1.00 20,500 20,500

10. RESERVES
Retained
earnings
£   

At 1 March 2023 25,145
Profit for the year 10,576
At 29 February 2024 35,721