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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
Page
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ABU BAKAR LIMITED Company Information for the year ended 30 November 2023
Director
S Hussain
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
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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
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ABU BAKAR LIMITED Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
121,507 
136,972 
Current assets
Inventories
153,915 
204,915 
Debtors
45,759 
36,440 
Cash at bank and in hand
68,777 
81,135 
268,451 
322,490 
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 
Capital and reserves
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
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ABU BAKAR LIMITED Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
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.
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
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
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.
Trading activity
Retail sale of fruit and vegetables in specialised stores also , sale of meat and meat products in specialised stores
Government grants
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.
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ABU BAKAR LIMITED Notes to the Accounts for the year ended 30 November 2023
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Leased assets
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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
6,959 
10,694 
Trade debtors
38,800 
25,746 
45,759 
36,440 
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 
- 
Accruals
3,165 
- 
156,915 
176,013 
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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 
£ 
£ 
Bank loans
36,801 
42,185 
Obligations under finance leases and hire purchase contracts
13,107 
12,025 
49,908 
54,210 
8
Average number of employees
During the year the average number of employees was 13 (2022: 10).
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