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Registered Number: 11338455
England and Wales

 

 

 

SHAHID & CO. LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 1,628,476    1,669,359 
Investments 5 20,000    20,000 
1,648,476    1,689,359 
Current assets      
Debtors 220   
Cash at bank and in hand 110,605    1,463 
110,825    1,463 
Creditors: amount falling due within one year (497,011)   (402,529)
Net current assets (386,186)   (401,066)
 
Total assets less current liabilities 1,262,290    1,288,293 
Creditors: amount falling due after more than one year (1,238,184)   (1,250,703)
Net assets 24,106    37,590 
 

Capital and reserves
     
Called up share capital 6 1    1 
Profit and loss account 24,105    37,589 
Shareholders' funds 24,106    37,590 
 


For the accounting year the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 24 January 2025 and were signed by:


-------------------------------
Md Shahidul Islam
Director
1
General Information
Shahid & Co. Limited is a private company, limited by shares, registered in England and Wales, registration number 11338455, registration address Ground Floor, 48 White Horse Road, London, E1 0ND.

The presentation currency is £ sterling
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
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.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
Cost of sales
Cost of sales comprises the value of goods and services purchased by the company, net of trade discounts as applicable. 
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
The tax charged on the profit on ordinary activities using applicable standard taxation provisions in use.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0% Reducing Balance
Motor Vehicles 15% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Staff Costs

2024   2023
 
Average number of employees during the year Number   Number
Administration 1    1 
 

3.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
4.

Tangible fixed assets

Cost or valuation Land and Buildings   Motor Vehicles   Fixtures and Fittings   Investment properties   Total
  £   £   £   £   £
At 01 June 2023 1,571,366    35,058    46,815      1,653,239 
Additions       10,000    10,000 
Disposals        
At 31 May 2024 1,571,366    35,058    46,815    10,000    1,663,239 
Depreciation
At 01 June 2023   5,259    21,190      26,449 
Charge for year   4,470    3,844      8,314 
On disposals        
At 31 May 2024   9,729    25,034      34,763 
Net book values
Closing balance as at 31 May 2024 1,571,366    25,329    21,781    10,000    1,628,476 
Opening balance as at 01 June 2023 1,613,935    29,799    25,625      1,669,359 


5.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 June 2023 20,000    20,000 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 May 2024 20,000    20,000 

6.

Share Capital

Authorised
1 Class A share of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
1 Class A share of £1.00 each  
 

2