IRIS Accounts Production v24.1.0.578 12909436 director 1.3.23 29.2.24 29.2.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh129094362023-02-28129094362024-02-29129094362023-03-012024-02-29129094362022-02-28129094362022-03-012023-02-28129094362023-02-2812909436ns15:EnglandWales2023-03-012024-02-2912909436ns14:PoundSterling2023-03-012024-02-2912909436ns10:Director12023-03-012024-02-2912909436ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2912909436ns10:SmallEntities2023-03-012024-02-2912909436ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2912909436ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2912909436ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2912909436ns10:FullAccounts2023-03-012024-02-2912909436ns10:OrdinaryShareClass12023-03-012024-02-2912909436ns10:RegisteredOffice2023-03-012024-02-2912909436ns5:CurrentFinancialInstruments2024-02-2912909436ns5:CurrentFinancialInstruments2023-02-2812909436ns5:ShareCapital2024-02-2912909436ns5:ShareCapital2023-02-2812909436ns5:RetainedEarningsAccumulatedLosses2024-02-2912909436ns5:RetainedEarningsAccumulatedLosses2023-02-2812909436ns5:PlantMachinery2023-03-012024-02-2912909436ns5:PlantMachinery2023-02-2812909436ns5:PlantMachinery2024-02-2912909436ns5:PlantMachinery2023-02-2812909436ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2912909436ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2812909436ns10:OrdinaryShareClass12024-02-2912909436ns5:RetainedEarningsAccumulatedLosses2023-02-2812909436ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-29
REGISTERED NUMBER: 12909436 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

Fayakun Retail Limited

Fayakun Retail Limited (Registered number: 12909436)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fayakun Retail Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: A Hussain





REGISTERED OFFICE: 11a Empire Parade
Empire Way
Wembley
HA9 0RQ





REGISTERED NUMBER: 12909436 (England and Wales)





ACCOUNTANTS: AS Associates
Chartered Certified Accountants
11A Empire Parade
Empire Way
Wembley
Middlesex
HA9 0RQ

Fayakun Retail Limited (Registered number: 12909436)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 9,693

CURRENT ASSETS
Stocks - 64,933
Debtors 5 14,277 1,209
Cash at bank and in hand 23,391 87,889
37,668 154,031
CREDITORS
Amounts falling due within one year 6 113,390 162,700
NET CURRENT LIABILITIES (75,722 ) (8,669 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(75,722

)

1,024

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (75,822 ) 924
SHAREHOLDERS' FUNDS (75,722 ) 1,024

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.

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 July 2024 and were signed by:





A Hussain - Director


Fayakun Retail Limited (Registered number: 12909436)

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

1. STATUTORY INFORMATION

Fayakun Retail Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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.

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.

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 9 (2023 - 10 ) .

Fayakun Retail Limited (Registered number: 12909436)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 15,145
Disposals (15,145 )
At 29 February 2024 -
DEPRECIATION
At 1 March 2023 5,452
Charge for year 1,939
Eliminated on disposal (7,391 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 9,693

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 14,277 1,209

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 112,771 112,104
Taxation and social security 619 5,599
Other creditors - 44,997
113,390 162,700

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary 1 100 100

8. RESERVES
Retained
earnings
£   

At 1 March 2023 924
Deficit for the year (76,746 )
At 29 February 2024 (75,822 )