BASHIR AA & SONS LTD | |
UNAUDITED FINANCIAL STATEMENTS | |
FOR THE YEAR ENDED 31 JANUARY 2024 | |
BASHIR AA & SONS LTD | |||
FINANCIAL STATEMENTS | |||
FOR THE YEAR ENDED 31 JANUARY 2024 | |||
DIRECTORS | |||
Mrs S Parveen | |||
Mr M I Bashir | |||
REGISTERED OFFICE | |||
46 Broad Street Staple Hill Bristol BS16 5NS |
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COMPANY REGISTERED NUMBER | |||
10575746 | |||
BANKERS | |||
Lloyds Bank plc | |||
ACCOUNTANTS | |||
Adam House | |||
Chartered Accountants | |||
123 Fishponds Road Bristol BS5 6PR |
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CONTENTS | |||
Pages | |||
3 | Directors' Report | ||
4 | Accountants' Report | ||
5 | Income Statement | ||
5 | Other Comprehensive Income | ||
6 | Statement of Financial Position | ||
7 | Statement of Changes in Equity | ||
page 1 | |
BASHIR AA & SONS LTD | |||
FINANCIAL STATEMENTS | |||
FOR THE YEAR ENDED 31 JANUARY 2024 | |||
8-12 | Notes to the Financial Statements | ||
The following do not form part of the statutory financial statements: | |||
13 | Trading and Profit and Loss Account | ||
14 | Profit and Loss Account Summaries | ||
page 2 | |
BASHIR AA & SONS LTD | |||
DIRECTORS' REPORT | |||
FOR THE YEAR ENDED 31 JANUARY 2024 | |||
The directors present their report and the financial statements of the company for the year ended |
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PRINCIPAL ACTIVITIES | |||
DIRECTORS | |||
The directors who served during the year were as follows: | |||
SMALL COMPANY EXEMPTIONS | |||
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. | |||
This report was approved by the board on |
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Signed | |||
page 3 | |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS | ||
ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF | ||
BASHIR AA & SONS LTD | ||
FOR THE YEAR ENDED 31 JANUARY 2024 | ||
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. | ||
This report is made solely to the Board of Directors of Bashir AA & Sons LTD, as a body, in accordance with the terms of our engagement letter dated 15 June 2021. Our work has been undertaken solely to prepare for your approval the accounts of Bashir AA & Sons LTD and state those matters that we have agreed to state to the Board of Directors of Bashir AA & Sons LTD, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bashir AA & Sons LTD and its Board of Directors as a body for our work or for this report. | ||
It is your duty to ensure that Bashir AA & Sons 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 Bashir AA & Sons LTD. You consider that Bashir AA & Sons 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 Bashir AA & Sons 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. | ||
Chartered Accountants | ||
Bristol BS5 6PR |
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page 4 | |
BASHIR AA & SONS LTD | |||||
INCOME STATEMENT | |||||
FOR THE YEAR ENDED 31 JANUARY 2024 | |||||
Note | 2024 | 2023 | |||
£ | £ | ||||
TURNOVER | |||||
Cost of sales | |||||
GROSS PROFIT | |||||
Distribution costs and selling expenses | |||||
Administrative expenses | |||||
OPERATING LOSS | ( |
( |
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LOSS BEFORE TAXATION | ( |
( |
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Taxation | |||||
LOSS AFTER TAXATION | ( |
( |
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LOSS FOR THE FINANCIAL YEAR | (£ |
(£ |
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The notes on pages 8-12 form part of these financial statements | |
page 5 | |
Company registered number: |
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STATEMENT OF FINANCIAL POSITION AT |
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Note | 2024 | 2023 | |||
£ | £ | £ | |||
FIXED ASSETS | |||||
Property, plant and equipment | 3 | ||||
CURRENT ASSETS | |||||
Debtors | 4 | ||||
Cash at bank and in hand | |||||
CREDITORS: Amounts falling due within one year | 5 | ||||
NET CURRENT LIABILITIES | ( |
( |
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NET LIABILITIES | (£ |
(£ |
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CAPITAL AND RESERVES | |||||
Called up share capital | |||||
Retained earnings | ( |
( |
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SHAREHOLDERS' FUNDS | (£ |
(£ |
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In approving these financial statements as directors of the company we hereby confirm the following: | |||
The accounts were approved by the board of directors on |
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The notes on pages 8-12 form part of these financial statements | |
page 6 | |
BASHIR AA & SONS LTD | ||||
STATEMENT OF CHANGES IN EQUITY | ||||
FOR THE YEAR ENDED 31 JANUARY 2024 | ||||
Called-up | Retained | Total | ||
share | earnings | equity | ||
capital | ||||
£ | £ | £ | ||
At | 100 | - | 100 | |
Loss for the year | - | ( |
( |
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At 31 January 2023 and 1 February 2023 | ( |
( |
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Loss for the year | ( |
( |
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At 31 January 2024 | ( |
( |
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The notes on pages 8-12 form part of these financial statements | |
page 7 | |
BASHIR AA & SONS LTD | |||
NOTES TO THE ACCOUNTS | |||
FOR THE YEAR ENDED 31 JANUARY 2024 |
1. | SIGNIFICANT ACCOUNTING POLICIES | ||
1a. | Statement of compliance | |||
Bashir AA & Sons LTD is a private limited company and incorporated in |
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Registered office: | ||||
Staple Hill Bristol BS16 5NS |
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These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 February 2023. | ||||
Basis of accounting | ||||
1c. | Revenue recognition | |||
1d. | Borrowing costs | |||
1e. | Taxation | |||
page 8 | |
BASHIR AA & SONS LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 JANUARY 2024 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1f. | Property, plant and equipment | ||
Plant and machinery | |||
Vehicles | |||
Fixtures and fittings | |||
Equipment |
1g. | Inventories | |||
1h. | Short term debtors and creditors | |||
1i. | Cash and cash equivalents | |||
1j. | Interest bearing borrowings | |||
1k. | Leased assets | |||
page 9 | |
BASHIR AA & SONS LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 JANUARY 2024 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1l. | Foreign currencies | |||
1m. | Employee benefits | |||
1n. | Discontinued operations | |||
1o. | Provisions | |||
1p. | Judgements and key sources of estimation uncertainty | |||
page 10 | |
BASHIR AA & SONS LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 JANUARY 2024 |
2. | DIRECTORS AND EMPLOYEES | ||
The average weekly number of employees during the year were as follows: | |||
2024 | 2023 | ||
No. | No. | ||
Management and administration | |||
Production and sales | |||
3. | PROPERTY, PLANT AND EQUIPMENT | |||
Plant & | Fixtures & | |||
Machinery | Equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 February 2023 | ||||
Additions other than through business combinations | ||||
At 31 January 2024 | ||||
Depreciation | ||||
At 1 February 2023 | ||||
For the year | ||||
At 31 January 2024 | ||||
Net Book Amounts | ||||
At 31 January 2024 | ||||
At 31 January 2023 | ||||
4. | DEBTORS | 2024 | 2023 |
£ | £ | ||
Social security and other taxes | |||
£ |
£ |
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page 11 | |
BASHIR AA & SONS LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 JANUARY 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
2024 | 2023 | ||
£ | £ | ||
Other taxes and social security | |||
Other creditors | |||
£ |
£ |
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6. | RELATED PARTY TRANSACTIONS | ||
The company is controlled by the director who own or control 100% of the called up share capital. | |||
page 12 | |
BASHIR AA & SONS LTD | |||||
TRADING AND PROFIT AND LOSS ACCOUNT | |||||
FOR THE YEAR ENDED 31 JANUARY 2024 | |||||
2024 | 2023 | ||||
£ | £ | £ | £ | ||
Turnover | |||||
Cost of sales: | |||||
Purchases | 13,957 | - | |||
Other direct expenses | 6,265 | - | |||
20,222 | - | ||||
20,222 | - | ||||
Gross profit | |||||
Less: | |||||
Selling and marketing costs | 8,197 | - | |||
Administrative expenses | 145,734 | 42,730 | |||
Depreciation and amortisation | 116,629 | 285 | |||
270,560 | 43,015 | ||||
Net loss for the year before taxation | ( |
( |
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Net loss for the year after taxation | ( |
( |
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Retained losses brought forward | ( |
- | |||
Retained losses carried forward | (£ |
(£ |
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This page does not form part of the Company's Statutory Financial | |
Statements and is prepared for the information of the Directors only. | |
page 13 | |
BASHIR AA & SONS LTD | |||||
PROFIT AND LOSS ACCOUNT SUMMARIES | |||||
FOR THE YEAR ENDED 31 JANUARY 2024 | |||||
2024 | 2023 | ||||
£ | £ | ||||
Other direct expenses | |||||
Sub-contract | 6,265 | - | |||
£6,265 | £- | ||||
Selling and marketing costs: | |||||
Advertising & sales promotion | 8,197 | - | |||
£8,197 | £- | ||||
Administrative expenses: | |||||
Rent payable | 21,406 | 445 | |||
Rates | 10,406 | - | |||
Water rates | 748 | - | |||
Light and heat | |||||
Repairs & renewals | |||||
General wages | 3,405 | 105 | |||
Pension contributions | 1,950 | - | |||
Equipment leasing | |||||
Computer costs | 1,433 | - | |||
Motor expenses | 4,540 | 1,005 | |||
Accountancy | 3,916 | 200 | |||
Professional Fees | - | 3,503 | |||
Legal costs (revenue) | 40 | - | |||
Insurance | |||||
Cleaning | 680 | - | |||
Stationery & office supplies | 1,136 | 75 | |||
Telephone | 960 | 386 | |||
Sundry expenses | 361 | 12 | |||
Subscriptions | - | 36,999 | |||
Licences | 2,352 | - | |||
Security costs | 360 | - | |||
Card charges | 3,888 | - | |||
£145,734 | £42,730 | ||||
Depreciation and amortisation: | |||||
Depreciation of plant & machinery | |||||
Depreciation of equipment | |||||
£116,629 | £285 | ||||
This page does not form part of the Company's Statutory Financial | |
Statements and is prepared for the information of the Directors only. | |
page 14 |