NAVEED SYED AND ASSOCIATES LIMITED

Company Registration Number:
07644159 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

NAVEED SYED AND ASSOCIATES LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 10

NAVEED SYED AND ASSOCIATES LIMITED

Company Information

for the Period Ended 31 May 2024




Director: Naveed Ishaque Syed
Ambreen Naveed
Registered office: 64
Maple Leaf Drive
Sidcup
England
DA15 8WA
Company Registration Number: 07644159 (England and Wales)

NAVEED SYED AND ASSOCIATES LIMITED

Balance sheet

As at 31 May 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 5 7,000
Tangible assets: 6 6,230 6,751
Total fixed assets: 13,230 6,751
Current assets
Debtors: 60,078 45,477
Cash at bank and in hand: 28,438 17,655
Total current assets: 88,516 63,132
Creditors: amounts falling due within one year: ( 9,765 ) ( 11,289 )
Net current assets (liabilities): 78,751 51,843
Total assets less current liabilities: 91,981 58,594
Total net assets (liabilities): 91,981 58,594

The notes form part of these financial statements

NAVEED SYED AND ASSOCIATES LIMITED

Balance sheet continued

As at 31 May 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 91,881 58,494
Shareholders funds: 91,981 58,594

For the year ending 31 May 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 11 November 2024
And Signed On Behalf Of The Board By:

Name: Naveed Ishaque Syed
Status: Director

The notes form part of these financial statements

NAVEED SYED AND ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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. 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.

    Intangible fixed assets amortisation policy

    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 20% Straight Line

NAVEED SYED AND ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 3 3

NAVEED SYED AND ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 3. Off balance sheet disclosure

    No

NAVEED SYED AND ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Dividends


2024
£

2023
£
Dividends paid 3,500 25,000

NAVEED SYED AND ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 5. Intangible assets

    Total
    Cost £
    At 01 June 2023 -
    Additions 7,000
    Disposals -
    Revaluations -
    Transfers -
    At 31 May 2024 7,000
    Amortisation
    Charge for year -
    On disposals -
    Other adjustments -
    Amortisation at 31 May 2024 -
    Net book value
    Net book value at 31 May 2024 7,000
    Net book value at 31 May 2023 -

NAVEED SYED AND ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Tangible Assets

Total
Cost £
At 01 June 2023 10,141
Additions 1,787
Disposals -
Revaluations -
Transfers -
At 31 May 2024 11,928
Depreciation
At 01 June 2023 3,390
Charge for year 2,308
On disposals -
Other adjustments -
At 31 May 2024 5,698
Net book value
At 31 May 2024 6,230
At 31 May 2023 6,751