1 March 2023 false Taxfiler 2024.6 13895430business:PrivateLimitedCompanyLtd2023-03-012024-02-29 138954302023-02-28 138954302023-03-012024-02-29 13895430business:AuditExemptWithAccountantsReport2023-03-012024-02-29 13895430business:FilletedAccounts2023-03-012024-02-29 138954302024-02-29 13895430business:Director12023-03-012024-02-29 13895430business:Director22023-03-012024-02-29 13895430business:RegisteredOffice2023-03-012024-02-29 138954302023-02-28 13895430core:WithinOneYear2024-02-29 13895430core:WithinOneYear2023-02-28 13895430core:AfterOneYear2024-02-29 13895430core:AfterOneYear2023-02-28 13895430core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 13895430core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13895430core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 13895430core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13895430core:PreviouslyStatedAmount2024-02-29 13895430core:PreviouslyStatedAmount2023-02-28 13895430business:SmallEntities2023-03-012024-02-29 13895430countries:EnglandWales2023-03-012024-02-29 13895430business:OrdinaryShareClass12023-03-012024-02-29 13895430business:OrdinaryShareClass12022-02-042023-02-28 138954302022-02-042023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13895430 (England and Wales)
AYAAN MIRHA LIMITED Unaudited accounts for the year ended 29 February 2024
AYAAN MIRHA LIMITED Unaudited accounts Contents
Page
- 2 -
AYAAN MIRHA LIMITED Company Information for the year ended 29 February 2024
Directors
Azeem Rafiq Faryal Zaheer
Company Number
13895430 (England and Wales)
Registered Office
FLOOR 2, 9 PORTLAND STREET MANCHESTER M1 3BE ENGLAND
Accountants
Black Swan Tax Advisers
- 3 -
AYAAN MIRHA LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
1,486 
9,930 
Cash at bank and in hand
548 
14,667 
2,034 
24,597 
Creditors: amounts falling due within one year
(49,742)
(13,561)
Net current (liabilities)/assets
(47,708)
11,036 
Total assets less current liabilities
(47,708)
11,036 
Creditors: amounts falling due after more than one year
(319)
- 
Net (liabilities)/assets
(48,027)
11,036 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(48,127)
10,936 
Shareholders' funds
(48,027)
11,036 
For the year ending 29 February 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by
Azeem Rafiq Director Company Registration No. 13895430
- 4 -
AYAAN MIRHA LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
AYAAN MIRHA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13895430. The registered office is FLOOR 2, 9 PORTLAND STREET, MANCHESTER, M1 3BE, ENGLAND.
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.
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
- 5 -
AYAAN MIRHA LIMITED Notes to the Accounts for the year ended 29 February 2024
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,486 
- 
Other debtors
- 
9,930 
1,486 
9,930 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
9,036 
Taxes and social security
3,742 
3,742 
Other creditors
2,755 
- 
Loans from directors
41,303 
- 
Accruals
1,942 
783 
49,742 
13,561 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Taxes and social security
319 
- 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -