1 March 2023 false No description of principal activity Taxfiler 2024.6 NI668022business:PrivateLimitedCompanyLtd2023-03-012024-02-29 NI6680222023-02-28 NI6680222023-03-012024-02-29 NI668022business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 NI668022business:FilletedAccounts2023-03-012024-02-29 NI6680222024-02-29 NI668022business:Director12023-03-012024-02-29 NI668022business:RegisteredOffice2023-03-012024-02-29 NI6680222023-02-28 NI668022core:WithinOneYear2024-02-29 NI668022core:WithinOneYear2023-02-28 NI668022core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 NI668022core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 NI668022core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 NI668022core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 NI668022core:PreviouslyStatedAmount2024-02-29 NI668022core:PreviouslyStatedAmount2023-02-28 NI668022business:SmallEntities2023-03-012024-02-29 NI668022countries:NorthernIreland2023-03-012024-02-29 NI668022core:PlantMachinery2023-03-012024-02-29 NI668022core:FurnitureFittings2023-03-012024-02-29 NI668022core:PlantMachinery2023-02-28 NI668022core:FurnitureFittings2023-02-28 NI668022core:PlantMachinery2024-02-29 NI668022core:FurnitureFittings2024-02-29 NI668022core:AfterOneYear2024-02-29 NI668022core:AfterOneYear2023-02-28 NI6680222022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. NI668022 (Northern Ireland)
Arif Trading Limited Unaudited accounts for the year ended 29 February 2024
Arif Trading Limited Unaudited accounts Contents
Page
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Arif Trading Limited Company Information for the year ended 29 February 2024
Director
Abdul MATIN
Company Number
NI668022 (Northern Ireland)
Registered Office
30b Gortin Road Omagh County Tyrone BT79 7HX Northern Ireland
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Arif Trading Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,493 
7,918 
Current assets
Inventories
971 
2,442 
Debtors
5,250 
- 
Cash at bank and in hand
7,394 
4,945 
13,615 
7,387 
Creditors: amounts falling due within one year
(29,687)
(10,055)
Net current liabilities
(16,072)
(2,668)
Net (liabilities)/assets
(9,579)
5,250 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(9,679)
5,150 
Shareholders' funds
(9,579)
5,250 
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 his 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 20 November 2024 and were signed on its behalf by
Abdul MATIN Director Company Registration No. NI668022
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Arif Trading Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Arif Trading Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI668022. The registered office is 30b Gortin Road, Omagh, County Tyrone, BT79 7HX, Northern Ireland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
18% RBM
Fixtures & fittings
18% RBM
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
4,630 
10,161 
14,791 
At 29 February 2024
4,630 
10,161 
14,791 
Depreciation
At 1 March 2023
2,946 
3,927 
6,873 
Charge for the year
303 
1,122 
1,425 
At 29 February 2024
3,249 
5,049 
8,298 
Net book value
At 29 February 2024
1,381 
5,112 
6,493 
At 28 February 2023
1,684 
6,234 
7,918 
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Arif Trading Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
5,250 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,286 
4,002 
Taxes and social security
3,440 
667 
Loans from directors
22,961 
5,386 
29,687 
10,055 
7
Average number of employees
During the year the average number of employees was 8 (2023: 4).
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