Company Registration No. 11213496 (England and Wales)
SHIFAA NEWS LIMITED
Unaudited accounts
for the year ended 29 February 2024
SHIFAA NEWS LIMITED
Unaudited accounts
Contents
SHIFAA NEWS LIMITED
Company Information
for the year ended 29 February 2024
Company Number
11213496 (England and Wales)
Registered Office
35 Woodgrange Road
Forest Gate
London
E7 8BA
United Kingdom
Accountants
LS ACCOUNTANTS SERVICES LTD
1st Floor, Office Suite 4-316e
Ilford Lane
Ilford
Essex
IG1 2LT
SHIFAA NEWS LIMITED
Statement of financial position
as at 29 February 2024
Tangible assets
59,560
73,530
Cash at bank and in hand
3,600
9,734
Creditors: amounts falling due within one year
(170,542)
(152,913)
Net current liabilities
(156,382)
(132,940)
Total assets less current liabilities
(96,822)
(59,410)
Creditors: amounts falling due after more than one year
(12,500)
(22,500)
Net liabilities
(109,322)
(81,910)
Called up share capital
1
1
Profit and loss account
(109,323)
(81,911)
Shareholders' funds
(109,322)
(81,910)
For the year ending 29 February 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 her 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 19 October 2024 and were signed on its behalf by
Mrs Ruksana Vaid
Director
Company Registration No. 11213496
SHIFAA NEWS LIMITED
Notes to the Accounts
for the year ended 29 February 2024
SHIFAA NEWS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11213496. The registered office is 35 Woodgrange Road, Forest Gate, London, E7 8BA, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
- 19% reducing balance
Motor vehicles
- 19% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2023
150,650
14,394
165,044
At 29 February 2024
150,650
14,394
165,044
At 1 March 2023
85,801
5,713
91,514
Charge for the year
12,321
1,649
13,970
At 29 February 2024
98,122
7,362
105,484
At 29 February 2024
52,528
7,032
59,560
At 28 February 2023
64,849
8,681
73,530
SHIFAA NEWS LIMITED
Notes to the Accounts
for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Taxes and social security
18,662
17,026
Loans from directors
126,652
124,687
6
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).