Company Registration No. 10015301 (England and Wales)
FAMALAM 16 LIMITED
Annual Financial Accounts
for the year ended 29 February 2024
FAMALAM 16 LIMITED
Annual Financial Accounts
Contents
FAMALAM 16 LIMITED
Company Information
for the year ended 29 February 2024
Directors
BELAL AHMED
NAKEEB NIYAZI
Company Number
10015301 (England and Wales)
Registered Office
136 COMMERCIAL ROAD
NEWPORT
GWENT
NP20 2PH
UNITED KINGDOM
Accountants
Abdul Kayani (Accountant ACCA1109338)
First Accountancy Services Ltd
28a Stoke Poges Lane
Slough
Berkshire
SL1 3PQ
FAMALAM 16 LIMITED
Statement of financial position
as at 29 February 2024
Intangible assets
10,000
10,000
Tangible assets
53,076
59,307
Inventories
185,687
136,645
Cash at bank and in hand
5,292
9,250
Creditors: amounts falling due within one year
(117,108)
(138,427)
Net current assets
96,136
83,506
Total assets less current liabilities
159,212
152,813
Creditors: amounts falling due after more than one year
(115,010)
(92,532)
Called up share capital
1,000
1,000
Profit and loss account
43,202
59,281
Shareholders' funds
44,202
60,281
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 30 November 2024 and were signed on its behalf by
BELAL AHMED
Director
Company Registration No. 10015301
FAMALAM 16 LIMITED
Notes to the Accounts
for the year ended 29 February 2024
FAMALAM 16 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10015301. The registered office is 136 COMMERCIAL ROAD, NEWPORT, GWENT, NP20 2PH, UNITED KINGDOM.
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
5% reducing balance method
Motor vehicles
20% reducing balance method
Fixtures & fittings
20% reducing balance method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 29 February 2024
10,000
At 29 February 2024
10,000
At 28 February 2023
10,000
FAMALAM 16 LIMITED
Notes to the Accounts
for the year ended 29 February 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
64,800
9,995
8,464
83,259
At 29 February 2024
64,800
9,995
8,464
83,259
At 1 March 2023
16,568
3,998
3,386
23,952
Charge for the year
2,539
1,999
1,693
6,231
At 29 February 2024
19,107
5,997
5,079
30,183
At 29 February 2024
45,693
3,998
3,385
53,076
At 28 February 2023
48,232
5,997
5,078
59,307
Amounts falling due within one year
Trade debtors
20,957
75,313
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
6,435
8,153
Trade creditors
102,606
92,764
Taxes and social security
8,067
7,510
Proposed dividends
-
30,000
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
9,352
11,437
Loans from directors
89,200
60,200
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).