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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
Page
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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
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FAMALAM 16 LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,000 
10,000 
Tangible assets
53,076 
59,307 
63,076 
69,307 
Current assets
Inventories
185,687 
136,645 
Debtors
22,265 
76,038 
Cash at bank and in hand
5,292 
9,250 
213,244 
221,933 
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)
Net assets
44,202 
60,281 
Capital and reserves
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
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FAMALAM 16 LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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
5% reducing balance method
Motor vehicles
20% reducing balance method
Fixtures & fittings
20% reducing balance method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2023
10,000 
At 29 February 2024
10,000 
Amortisation
At 1 March 2023
- 
At 29 February 2024
- 
Net book value
At 29 February 2024
10,000 
At 28 February 2023
10,000 
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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 
Depreciation
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 
Net book value
At 29 February 2024
45,693 
3,998 
3,385 
53,076 
At 28 February 2023
48,232 
5,997 
5,078 
59,307 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,308 
725 
Trade debtors
20,957 
75,313 
22,265 
76,038 
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 
117,108 
138,427 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,458 
20,895 
Obligations under finance leases and hire purchase contracts
9,352 
11,437 
Loans from directors
89,200 
60,200 
115,010 
92,532 
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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