Registered number
10633202
RASHID MALIK LONDON LTD
Filleted Accounts
29 February 2024
RASHID MALIK LONDON LTD
Registered number: 10633202
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 21,424 25,267
Cash at bank and in hand 506 400
21,930 25,667
Creditors: amounts falling due within one year 4 13,723 (11,043)
Net current assets 35,653 14,624
Net assets 35,653 14,624
Capital and reserves
Called up share capital 100 100
Profit and loss account 35,553 14,524
Shareholders' funds 35,653 14,624
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 members have 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.
Rashid Javid Malik
Director
Approved by the board on 7 August 2024
RASHID MALIK LONDON LTD
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts . Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 21,424 -
Other debtors - 25,267
21,424 25,267
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 11
Taxation and social security costs 14,551 9,530
Director's account (30,820) 229
Other creditors 2,546 1,273
(13,723) 11,043
5 Other information
RASHID MALIK LONDON LTD is a private company limited by shares and incorporated in England. Its registered office is:
117 Ilford Lane
Ilford
England
IG1 2RT
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