Registered number
09398248
BAKHTER MONEY TRANSFER LIMITED
Report and Accounts
31 January 2024
BAKHTER MONEY TRANSFER LIMITED
Registered number: 09398248
Director's Report
The director presents his report and accounts for the year ended 31 January 2024.
Principal activities
The company's principal activity during the year continued to be Financial intermediation.
Directors
The following persons served as directors during the year:
Abdul Safa Afzalzada
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 6 January 2025 and signed on its behalf.
Abdul Safa Afzalzada
Director
BAKHTER MONEY TRANSFER LIMITED
Profit and Loss Account
for the year ended 31 January 2024
2024 2023
£ £
Turnover 126,819 107,318
Cost of sales (26,847) -
Gross profit 99,972 107,318
Administrative expenses (66,708) (90,408)
Other operating income - 7,168
Operating profit 33,264 24,078
Profit before taxation 33,264 24,078
Tax on profit (6,195) (4,428)
Profit for the financial year 27,069 19,650
BAKHTER MONEY TRANSFER LIMITED
Registered number: 09398248
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,025 5,031
Current assets
Debtors 4 50,635 50,768
Cash at bank and in hand 35,029 5,087
85,664 55,855
Creditors: amounts falling due within one year 5 (6,170) (4,436)
Net current assets 79,494 51,419
Net assets 83,519 56,450
Capital and reserves
Called up share capital 100 100
Profit and loss account 83,419 56,350
Shareholder's funds 83,519 56,450
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Abdul Safa Afzalzada
Director
Approved by the board on 6 January 2025
BAKHTER MONEY TRANSFER LIMITED
Statement of Changes in Equity
for the year ended 31 January 2024
Share Profit Total
capital and loss
account
£ £ £
At 1 February 2022 100 36,700 36,800
Profit for the financial year 19,650 19,650
At 31 January 2023 100 56,350 56,450
At 1 February 2023 100 56,350 56,450
Profit for the financial year 27,069 27,069
At 31 January 2024 100 83,419 83,519
BAKHTER MONEY TRANSFER LIMITED
Notes to the Accounts
for the year ended 31 January 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 from the rendering of services 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.
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 over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 7
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 30,196
At 31 January 2024 30,196
Depreciation
At 1 February 2023 25,165
Charge for the year 1,006
At 31 January 2024 26,171
Net book value
At 31 January 2024 4,025
At 31 January 2023 5,031
4 Debtors 2024 2023
£ £
Other debtors 50,635 50,768
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 6,170 4,437
Other creditors - (1)
6,170 4,436
6 Other information
BAKHTER MONEY TRANSFER LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Office S5,
Kingsbury House,
 468 Church Lane, 
 London, England,
NW9 8UA
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