Company Registration No. 14041256 (England and Wales)
Ahmad Fast Food Limited
Unaudited accounts
for the year ended 30 April 2024
Ahmad Fast Food Limited
Unaudited accounts
Contents
Ahmad Fast Food Limited
Company Information
for the year ended 30 April 2024
Directors
Rehan Ahmad
Arooj Rehan
Company Number
14041256 (England and Wales)
Registered Office
48 Wood Street
London
E17 3HT
England
Accountants
AISHA & CO ACCOUNTANTS LTD
Ahmad Fast Food Limited
Accountants' report
Accountants' report to the board of directors of Ahmad Fast Food Limited on the preparation of the unaudited statutory accounts for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Ahmad Fast Food Limited for the year ended
30 April 2024 as set out on pages
5 -
8 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 Ahmad Fast Food Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Ahmad Fast Food Limited 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 Ahmad Fast Food Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Ahmad Fast Food Limited 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 Ahmad Fast Food Limited. You consider that Ahmad Fast Food Limited 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 Ahmad Fast Food Limited. 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.
AISHA & CO ACCOUNTANTS LTD
4 January 2025
Ahmad Fast Food Limited
Statement of financial position
as at 30 April 2024
Tangible assets
10,704
11,227
Cash at bank and in hand
452
713
Creditors: amounts falling due within one year
(9,727)
(34,614)
Net current liabilities
(7,920)
(32,594)
Total assets less current liabilities
2,784
(21,367)
Creditors: amounts falling due after more than one year
(35,955)
-
Net liabilities
(33,171)
(21,367)
Profit and loss account
(33,171)
(21,367)
Shareholders' funds
(33,171)
(21,367)
For the year ending 30 April 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 4 January 2025 and were signed on its behalf by
Rehan Ahmad
Director
Company Registration No. 14041256
Ahmad Fast Food Limited
Notes to the Accounts
for the year ended 30 April 2024
Ahmad Fast Food Limited is a private company, limited by shares, registered in England and Wales, registration number 14041256. The registered office is 48 Wood Street, London, E17 3HT, England.
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:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Ahmad Fast Food Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
8,900
1,560
1,290
11,750
At 30 April 2024
8,900
1,560
1,290
11,750
At 1 May 2023
445
78
-
523
Charge for the year
445
78
-
523
At 30 April 2024
890
156
-
1,046
At 30 April 2024
8,010
1,404
1,290
10,704
At 30 April 2023
8,455
1,482
1,290
11,227
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.
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,216
5,493
Trade creditors
5,511
3,225
Loans from directors
-
6,535
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.
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
14,525
-
Ahmad Fast Food Limited
Notes to the Accounts
for the year ended 30 April 2024
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).