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REGISTERED NUMBER: 14075930 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Persian Aroma Ltd

Persian Aroma Ltd (Registered number: 14075930)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Persian Aroma Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr D I Mahmoud





REGISTERED OFFICE: Sterling Partners
774 - 780 Grove House
Wilmslow Road
Didsbury
M20 2DR





REGISTERED NUMBER: 14075930 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Persian Aroma Ltd (Registered number: 14075930)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,412 6,803

CURRENT ASSETS
Stocks 5 17,044 17,319
Debtors 6 15,691 16,735
Cash at bank 336,133 204,644
368,868 238,698
CREDITORS
Amounts falling due within one year 7 (106,230 ) (69,334 )
NET CURRENT ASSETS 262,638 169,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,050

176,167

CREDITORS
Amounts falling due after more than one
year

8

(87,059

)

(101,372

)

PROVISIONS FOR LIABILITIES 9 (2,853 ) -
NET ASSETS 184,138 74,795

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 184,038 74,695
184,138 74,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Persian Aroma Ltd (Registered number: 14075930)

Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





Mr D I Mahmoud - Director


Persian Aroma Ltd (Registered number: 14075930)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Persian Aroma Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 7 ) .

Persian Aroma Ltd (Registered number: 14075930)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023 - 9,070 9,070
Additions 4,727 3,687 8,414
At 30 April 2024 4,727 12,757 17,484
DEPRECIATION
At 1 May 2023 - 2,267 2,267
Charge for year 1,182 2,623 3,805
At 30 April 2024 1,182 4,890 6,072
NET BOOK VALUE
At 30 April 2024 3,545 7,867 11,412
At 30 April 2023 - 6,803 6,803

5. STOCKS
2024 2023
£    £   
Stocks 17,044 17,319

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,837 9,955
Payment on account 1,632 4,800
Prepayments 9,222 1,980
15,691 16,735

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,141 -
Tax 50,780 15,976
Social security and other taxes 553 3,297
Pension Payable - 100
VAT 33,786 44,510
Wages Payable 5,470 1,951
Accrued expenses 3,500 3,500
106,230 69,334

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Directors' loan accounts 87,059 101,372

Persian Aroma Ltd (Registered number: 14075930)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,853 -

Deferred
tax
£   
Accelerated Capital Allowances 2,853
Balance at 30 April 2024 2,853

10. RESERVES
Retained
earnings
£   

At 1 May 2023 74,695
Profit for the year 109,343
At 30 April 2024 184,038

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 April 2024 and the period ended 30 April 2023:

2024 2023
£    £   
Mr D I Mahmoud
Balance outstanding at start of year 101,372 -
Amounts advanced 68,698 271,961
Amounts repaid (83,011 ) (170,589 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 87,059 101,372

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D I Mahmoud.