Registered number
09996520
IQRA HAJJ & UMRA GROUP LIMITED
Filleted Accounts
29 February 2024
IQRA HAJJ & UMRA GROUP LIMITED
Registered number: 09996520
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 104 130
Current assets
Debtors 4 25,043 29,166
Cash at bank and in hand 3,069 4,826
28,112 33,992
Creditors: amounts falling due within one year 5 (9,046) (7,515)
Net current assets 19,066 26,477
Total assets less current liabilities 19,170 26,607
Creditors: amounts falling due after more than one year 6 (37,434) (42,926)
Net liabilities (18,264) (16,319)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (19,264) (17,319)
Shareholder's funds (18,264) (16,319)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
ANAMUL HASAN
Director
Approved by the board on 27 November 2024
IQRA HAJJ & UMRA GROUP LIMITED
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 600
At 29 February 2024 600
Depreciation
At 1 March 2023 470
Charge for the year 26
At 29 February 2024 496
Net book value
At 29 February 2024 104
At 28 February 2023 130
4 Debtors 2024 2023
£ £
Trade debtors 25,043 29,166
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 8,446 6,915
Other creditors 600 600
9,046 7,515
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 37,434 42,926
7 Other information
IQRA HAJJ & UMRA GROUP LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
467 Romford Road
London
E7 8AB
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