Registered Number:05328497 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
SHARIQ HUSSAIN LTD
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
SHARIQ HUSSAIN LTD
Statement of Financial Position
2023
2024
216,000
243,000
2
Property, plant and equipment |
186,817
187,726
3
402,817
430,726
56,380
47,980
4
Trade and other receivables |
225,798
251,135
5
534,284
Cash and cash equivalents |
682,605
981,720
816,462
Trade and other payables: amounts falling due within one |
year |
(316,079)
(364,774)
6
500,383
616,946
Net current assets
Total assets less current liabilities |
1,019,763
931,109
Trade and other payables: amounts falling due after more |
than one year |
(36,459)
(26,613)
7
(290)
(517)
Provisions for liabilities |
992,860
Net assets
894,133
100
100
992,760
894,033
992,860
894,133
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2024
SHARIQ HUSSAIN LTD
Statement of Financial Position Continued
Mr Shariq Naveed Hussain Director |
These financial statements were approved and authorised for issue by the Board on 15 July 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
SHARIQ HUSSAIN LTD
Notes to the Financial Statements
Statutory Information
SHARIQ HUSSAIN LTD is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 05328497. |
Principal place of business: |
63 Main Street
Elloughton
Brough
HU15 1HT
8 Ambleside Avenue
Bradford
West Yorkshire
BD9 5HX
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 March 2024
SHARIQ HUSSAIN LTD
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
270,000
270,000
27,000
27,000
Charge for year
54,000
216,000
243,000
3. Property, plant and equipment |
208,488
1,383
19,400
2,705
185,000
2,705
19,400
1,383
208,488
185,000
Provision for depreciation and impairment |
20,762
553
17,504
2,705
-
Charge for year
909
277
632
-
-
21,671
830
18,136
2,705
-
185,000
-
1,264
553
186,817
185,000
-
1,896
830
187,726
2023
2024
47,980
56,380
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For the year ended 31 March 2024
SHARIQ HUSSAIN LTD
Notes to the Financial Statements Continued
5. Trade and other receivables |
2023
2024
173,259
159,535
77,876
66,263
225,798
251,135
6. Trade and other payables: amounts falling due within one year |
2023
2024
275,847
246,789
Taxation and social security |
86,927
64,194
2,000
5,096
364,774
316,079
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
26,613
36,459
8. Average number of persons employed |
During the year the average number of employees was 14 (2023 : 12)
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