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Company Registration No. 08870693 (England and Wales)
AQARAT LIMITED unaudited financial statements for the year ended 31 January 2024
AQARAT LIMITED unaudited financial statements Contents
Page
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AQARAT LIMITED Company Information for the year ended 31 January 2024
Directors
Farazdak MARHOON Zainab Marhoon
Company Number
08870693 (England and Wales)
Registered Office
48 SAXON ROAD LEEDS LS17 5EG
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of AQARAT LIMITED for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AQARAT LIMITED for the year ended 31 January 2024 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
HLA Accountants Chartered Certified Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY 27 January 2025
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AQARAT LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
693,868 
695,769 
Current assets
Debtors
27,425 
2,945 
Cash at bank and in hand
2,597 
18,615 
30,022 
21,560 
Creditors: amounts falling due within one year
(655,565)
(647,085)
Net current liabilities
(625,543)
(625,525)
Total assets less current liabilities
68,325 
70,244 
Creditors: amounts falling due after more than one year
(158,465)
(165,216)
Net liabilities
(90,140)
(94,972)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(90,240)
(95,072)
Shareholders' funds
(90,140)
(94,972)
For the year ending 31 January 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 27 January 2025 and were signed on its behalf by
Farazdak MARHOON Director Company Registration No. 08870693
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AQARAT LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
AQARAT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08870693. The registered office is 48 SAXON ROAD, LEEDS, LS17 5EG.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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:
Going concern
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
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AQARAT LIMITED Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
686,263 
18,566 
704,829 
At 31 January 2024
686,263 
18,566 
704,829 
Depreciation
At 1 February 2023
- 
9,060 
9,060 
Charge for the year
- 
1,901 
1,901 
At 31 January 2024
- 
10,961 
10,961 
Net book value
At 31 January 2024
686,263 
7,605 
693,868 
At 31 January 2023
686,263 
9,506 
695,769 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
27,425 
2,945 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
646,385 
646,385 
Loans from directors
7,280 
- 
Accruals
1,900 
700 
655,565 
647,085 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
158,465 
165,286 
Loans from directors
- 
(70)
158,465 
165,216 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Farazdak MARHOON
- 
- 
7,281 
(7,281)
- 
- 
7,281 
(7,281)
At the year end a balance of £7281 was owed to the director, The above balance is interest free and no fixed date for repayment.
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AQARAT LIMITED Notes to the Accounts for the year ended 31 January 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 0).
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