Company Registration No. 12197439 (England and Wales)
FARAD GROUP LTD
Unaudited accounts
for the year ended 30 September 2024
FARAD GROUP LTD
Unaudited accounts
Contents
FARAD GROUP LTD
Company Information
for the year ended 30 September 2024
Director
Masoud Shahsavari Farjad
Company Number
12197439 (England and Wales)
Registered Office
71 ARDATH ROAD
BIRMINGHAM
B38 9PG
UNITED KINGDOM
Accountants
Fouladi and Co Accountants
30 High Street
Cradley Heath
West Midlands
B64 5HL
FARAD GROUP LTD
Accountants' report
Accountants' report to the director of FARAD GROUP LTD on the preparation of the unaudited statutory accounts for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
FARAD GROUP LTD for the year ended
30 September 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of FARAD GROUP LTD, as a body, in accordance with the terms of our engagement letter dated 2 January 2025. Our work has been undertaken solely to prepare for your approval the accounts of FARAD GROUP LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FARAD GROUP LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that FARAD GROUP LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of FARAD GROUP LTD. You consider that FARAD GROUP LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of FARAD GROUP LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Fouladi and Co Accountants
30 High Street
Cradley Heath
West Midlands
B64 5HL
2 January 2025
FARAD GROUP LTD
Statement of financial position
as at 30 September 2024
Intangible assets
6,000
6,000
Cash at bank and in hand
26,985
48,017
Creditors: amounts falling due within one year
(16,540)
(26,711)
Net current assets
10,945
25,325
Total assets less current liabilities
16,945
31,325
Creditors: amounts falling due after more than one year
(20,971)
(31,167)
Net (liabilities)/assets
(4,026)
158
Called up share capital
1
1
Profit and loss account
(4,027)
157
Shareholders' funds
(4,026)
158
For the year ending 30 September 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 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 2 January 2025 and were signed on its behalf by
Masoud Shahsavari Farjad
Director
Company Registration No. 12197439
FARAD GROUP LTD
Notes to the Accounts
for the year ended 30 September 2024
FARAD GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 12197439. The registered office is 71 ARDATH ROAD, BIRMINGHAM, B38 9PG, 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 30 September 2024
6,000
At 30 September 2024
6,000
At 30 September 2023
6,000
Amounts falling due within one year
FARAD GROUP LTD
Notes to the Accounts
for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
4,217
Loans from directors
15,895
21,849
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).