Company Registration No. 04876216 (England and Wales)
ABU BAKAR LIMITED
unaudited financial statements
for the year ended 30 November 2023
ABU BAKAR LIMITED
unaudited financial statements
Contents
ABU BAKAR LIMITED
Company Information
for the year ended 30 November 2023
Company Number
04876216 (England and Wales)
Registered Office
37 Queens Road
Leeds
LS6 1NY
Accountants
HLA Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
ABU BAKAR LIMITED
for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ABU BAKAR LIMITED for the year ended
30 November 2023 as set out on pages
5 -
8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
HLA Accountants
Chartered Certified Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
5 August 2024
ABU BAKAR LIMITED
Statement of financial position
as at 30 November 2023
Tangible assets
121,507
136,972
Inventories
153,915
204,915
Cash at bank and in hand
68,777
81,135
Creditors: amounts falling due within one year
(156,915)
(176,013)
Net current assets
111,536
146,477
Total assets less current liabilities
233,043
283,449
Creditors: amounts falling due after more than one year
(49,908)
(54,210)
Provisions for liabilities
Deferred tax
(7,000)
(7,000)
Net assets
176,135
222,239
Called up share capital
100
100
Profit and loss account
176,035
222,139
Shareholders' funds
176,135
222,239
For the year ending 30 November 2023 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 5 August 2024 and were signed on its behalf by
S Hussain
Director
Company Registration No. 04876216
ABU BAKAR LIMITED
Notes to the Accounts
for the year ended 30 November 2023
ABU BAKAR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04876216. The registered office is 37 Queens Road, Leeds, LS6 1NY.
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:
Plant & machinery
20% reducing balance method
Motor vehicles
20% reducing balance method
Fixtures & fittings
20% reducing balance method
Computer equipment
20% reducing balance method
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Retail sale of fruit and vegetables in specialised stores also , sale of meat and meat products in specialised stores
Government grants in relation to job retention scheme are credited to profit and loss account , whereas those in relation to expenditure are charged to profit and loss.
Also, local council grants are received in terms of Covid-19 pandemic are credit to profit and loss account under other operating expenses, whereas all fixed cost against these are debited in the profit and loss account too.
ABU BAKAR LIMITED
Notes to the Accounts
for the year ended 30 November 2023
Expenditure on research and development is written off in the year in which it is incurred.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
197,346
71,237
83,772
76,584
428,939
Additions
-
14,010
-
-
14,010
At 30 November 2023
197,346
85,247
83,772
76,584
442,949
At 1 December 2022
105,722
49,301
72,804
64,140
291,967
Charge for the year
5,497
20,017
1,645
2,316
29,475
At 30 November 2023
111,219
69,318
74,449
66,456
321,442
At 30 November 2023
86,127
15,929
9,323
10,128
121,507
At 30 November 2022
91,624
21,936
10,968
12,444
136,972
Amounts falling due within one year
Trade debtors
38,800
25,746
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
765
Trade creditors
96,892
169,223
Taxes and social security
13,891
6,025
Loans from directors
42,967
-
ABU BAKAR LIMITED
Notes to the Accounts
for the year ended 30 November 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
13,107
12,025
8
Average number of employees
During the year the average number of employees was 13 (2022: 10).