Registered number
SC468332
Jamil Sabra Securities Limited
Filleted Accounts
31 March 2024
Jamil Sabra Securities Limited
Registered number: SC468332
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,813 2,015
Current assets
Stocks 39,641 35,759
Cash at bank and in hand 13,086 9,753
52,727 45,512
Creditors: amounts falling due within one year 4 (5,273) (12,864)
Net current assets 47,454 32,648
Total assets less current liabilities 49,267 34,663
Creditors: amounts falling due after more than one year 5 (28,896) (28,896)
Net assets 20,371 5,767
Capital and reserves
Called up share capital 100 100
Profit and loss account 20,271 5,667
Shareholders' funds 20,371 5,767
The directors are 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 directors acknowledge their 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.
Ms Farhana Jamil Akhtar
Director
Approved by the board on 26 November 2024
Jamil Sabra Securities Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 10% reducing bases
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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.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 3 4
3 Tangible fixed assets
Fixture and fittings etc
£
Cost
At 1 April 2023 5,300
At 31 March 2024 5,300
Depreciation
At 1 April 2023 3,285
Charge for the year 202
At 31 March 2024 3,487
Net book value
At 31 March 2024 1,813
At 31 March 2023 2,015
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,560 8,759
Taxation and social security costs 3,713 4,105
5,273 12,864
5 Creditors: amounts falling due after one year 2024 2023
£ £
Directors' loan account 28,896 28,896
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