Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-302024-03-30falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.342023-03-31falseDental practice32truetrue 09028833 2023-03-31 2024-03-30 09028833 2022-03-31 2023-03-30 09028833 2024-03-30 09028833 2023-03-30 09028833 c:Director1 2023-03-31 2024-03-30 09028833 c:Director3 2023-03-31 2024-03-30 09028833 d:Buildings 2023-03-31 2024-03-30 09028833 d:Buildings 2024-03-30 09028833 d:Buildings 2023-03-30 09028833 d:Buildings d:OwnedOrFreeholdAssets 2023-03-31 2024-03-30 09028833 d:Buildings d:LongLeaseholdAssets 2023-03-31 2024-03-30 09028833 d:Buildings d:LongLeaseholdAssets 2024-03-30 09028833 d:Buildings d:LongLeaseholdAssets 2023-03-30 09028833 d:PlantMachinery 2023-03-31 2024-03-30 09028833 d:PlantMachinery 2024-03-30 09028833 d:PlantMachinery 2023-03-30 09028833 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-31 2024-03-30 09028833 d:FurnitureFittings 2023-03-31 2024-03-30 09028833 d:FurnitureFittings 2024-03-30 09028833 d:FurnitureFittings 2023-03-30 09028833 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-31 2024-03-30 09028833 d:OfficeEquipment 2023-03-31 2024-03-30 09028833 d:OfficeEquipment 2024-03-30 09028833 d:OfficeEquipment 2023-03-30 09028833 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-31 2024-03-30 09028833 d:ComputerEquipment 2023-03-31 2024-03-30 09028833 d:ComputerEquipment 2024-03-30 09028833 d:ComputerEquipment 2023-03-30 09028833 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-31 2024-03-30 09028833 d:OwnedOrFreeholdAssets 2023-03-31 2024-03-30 09028833 d:Goodwill 2023-03-31 2024-03-30 09028833 d:Goodwill 2024-03-30 09028833 d:Goodwill 2023-03-30 09028833 d:CurrentFinancialInstruments 2024-03-30 09028833 d:CurrentFinancialInstruments 2023-03-30 09028833 d:Non-currentFinancialInstruments 2024-03-30 09028833 d:Non-currentFinancialInstruments 2023-03-30 09028833 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-30 09028833 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-30 09028833 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-30 09028833 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-30 09028833 d:ShareCapital 2024-03-30 09028833 d:ShareCapital 2023-03-30 09028833 d:RetainedEarningsAccumulatedLosses 2024-03-30 09028833 d:RetainedEarningsAccumulatedLosses 2023-03-30 09028833 c:FRS102 2023-03-31 2024-03-30 09028833 c:AuditExemptWithAccountantsReport 2023-03-31 2024-03-30 09028833 c:FullAccounts 2023-03-31 2024-03-30 09028833 c:PrivateLimitedCompanyLtd 2023-03-31 2024-03-30 09028833 2 2023-03-31 2024-03-30 09028833 6 2023-03-31 2024-03-30 09028833 d:Goodwill d:OwnedIntangibleAssets 2023-03-31 2024-03-30 09028833 e:PoundSterling 2023-03-31 2024-03-30 iso4217:GBP xbrli:pure

Registered number: 09028833










AHMAD AND SALEEM PARTNERS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 MARCH 2024

 
AHMAD AND SALEEM PARTNERS LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFAHMAD AND SALEEM PARTNERS LTD
FOR THE YEAR ENDED 30 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ahmad and Saleem Partners Ltd for the year ended 30 March 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the Board of Directors of Ahmad and Saleem Partners Ltd, as a body, in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Ahmad and Saleem Partners Ltd and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ahmad and Saleem Partners Ltd and its  Board of Directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Ahmad and Saleem Partners Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Ahmad and Saleem Partners Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Ahmad and Saleem Partners 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 financial statements.





Shipleys Tax Planning

18 February 2025
Page 1

 
AHMAD AND SALEEM PARTNERS LTD
REGISTERED NUMBER: 09028833

BALANCE SHEET
AS AT 30 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
58,967
235,867

Tangible assets
 5 
232,349
263,597

Investments
 6 
10,000
-

  
301,316
499,464

Current assets
  

Stocks
  
1,612
1,419

Debtors: amounts falling due within one year
 7 
141,705
198,602

Cash at bank and in hand
 8 
340,985
321,911

  
484,302
521,932

Creditors: amounts falling due within one year
 9 
(378,609)
(492,129)

Net current assets
  
 
 
105,693
 
 
29,803

Total assets less current liabilities
  
407,009
529,267

Creditors: amounts falling due after more than one year
 10 
(402,829)
(480,037)

  

Net assets
  
4,180
49,230


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
3,180
48,230

  
4,180
49,230


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


Page 2

 
AHMAD AND SALEEM PARTNERS LTD
REGISTERED NUMBER: 09028833

BALANCE SHEET (CONTINUED)
AS AT 30 MARCH 2024



Shazad Saleem
Waqas Ahmad
Director
Director


Date: 18 February 2025

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
AHMAD AND SALEEM PARTNERS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

1.


General information

Ahmad and Saleem Partners Limited is a company domiciled in England & Wales, registration number 09028833. The registered office address is Glodwick Dental Practice, Glodwick Health Centre, 137 Glodwick Road, Oldham, OL4 1YN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Page 4

 
AHMAD AND SALEEM PARTNERS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 5

 
AHMAD AND SALEEM PARTNERS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25% straight line
Fixtures and fittings
-
25% straight line
Office equipment
-
25% straight line
Computer equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 6

 
AHMAD AND SALEEM PARTNERS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

2.Accounting policies (continued)

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 32 (2023 - 34).


4.


Intangible assets




Goodwill

£



Cost


At 31 March 2023
1,769,000



At 30 March 2024

1,769,000



Amortisation


At 31 March 2023
1,533,133


Charge for the year on owned assets
176,900



At 30 March 2024

1,710,033



Net book value



At 30 March 2024
58,967



At 30 March 2023
235,867



Page 7

 
AHMAD AND SALEEM PARTNERS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

5.


Tangible fixed assets





Freehold property
Long-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 31 March 2023
9,189
173,648
126,345
207,360
1,543


Additions
-
-
-
-
-



At 30 March 2024

9,189
173,648
126,345
207,360
1,543



Depreciation


At 31 March 2023
-
-
50,077
205,284
772


Charge for the year on owned assets
-
-
27,933
2,076
386



At 30 March 2024

-
-
78,010
207,360
1,158



Net book value



At 30 March 2024
9,189
173,648
48,335
-
385



At 30 March 2023
9,189
173,648
76,268
2,076
771
Page 8

 
AHMAD AND SALEEM PARTNERS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

           5.Tangible fixed assets (continued)


Computer equipment
Total

£
£



Cost or valuation


At 31 March 2023
85,675
603,760


Additions
1,188
1,188



At 30 March 2024

86,863
604,948



Depreciation


At 31 March 2023
84,030
340,163


Charge for the year on owned assets
2,041
32,436



At 30 March 2024

86,071
372,599



Net book value



At 30 March 2024
792
232,349



At 30 March 2023
1,645
263,597


6.


Fixed asset investments





Listed investments

£



Cost or valuation


Additions
10,000



At 30 March 2024
10,000




Page 9

 
AHMAD AND SALEEM PARTNERS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

7.


Debtors

2024
2023
£
£


Trade debtors
118,367
122,169

Other debtors
23,338
76,433

141,705
198,602



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
340,985
321,911

340,985
321,911



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
40,514
34,059

Corporation tax
158,868
85,198

Other taxation and social security
8,193
10,290

Other creditors
52,136
89,844

Accruals and deferred income
118,898
272,738

378,609
492,129



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
402,829
480,037

402,829
480,037



Page 10