Registered number
10251696
Y Nadat Limited
Filleted Accounts
30 June 2024
Y Nadat Limited
Registered number: 10251696
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 418 523
Current assets
Debtors 4 4,374 3,604
Cash at bank and in hand 20,657 20,697
25,031 24,301
Creditors: amounts falling due within one year 5 (11,878) (12,096)
Net current assets 13,153 12,205
Total assets less current liabilities 13,571 12,728
Creditors: amounts falling due after more than one year 6 (32,913) (12,628)
Net (liabilities)/assets (19,342) 100
Capital and reserves
Called up share capital 100 100
Profit and loss account (19,442) -
Shareholder's funds (19,342) 100
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ebrahim Nadat
Director
Approved by the board on 20 February 2025
Y Nadat Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Government grants
Grants received during the year from the government are recognised as other income. This income is recognised when the application is made to the local authority after receiving confirmation of entitlement from them. There would either be a debtor, a deferred income or no balance due recognised depending upon when the cash was received from the local authority. There are two types of grants received in the yearinclude the Small Business Grant Fund (SBGF). SBGF is recognised on an accrual basis. Cash payments are received from local council to which the company usually pays business rates.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Functional and presentation currency
The financial statements of the company are measured and presented in the currency of the primary economic environment in which the company operates, the functional currency. The financial statements are presented in Pound sterling (£), which is the company’s functional currency.
Employee benefits
Short-term employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Post-employment defined contribution plans
Amounts in respect of defined contributions plans are recognised as an expense as they are incurred.

Termination benefits
Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.
Going concern
The financial statements have been prepared on the basis that the company will receive continued financial support from bank and director and has adequate resources to continue in operational existence for the foreseeable future.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 July 2023 1,769
At 30 June 2024 1,769
Depreciation
At 1 July 2023 1,246
Charge for the year 105
At 30 June 2024 1,351
Net book value
At 30 June 2024 418
At 30 June 2023 523
4 Debtors 2024 2023
£ £
Other debtors 4,374 3,604
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,307 7,281
Trade creditors 5,865 3,690
Corporation tax - 1,049
Other taxes and social security costs 1,706 76
11,878 12,096
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 32,913 12,628
7 Controlling party
Ebrahim Nadat is the ultimate controlling party.
8 Other information
Y Nadat Limited is a private company limited by shares and incorporated in England. Its registered office is:
51a Hillside Road
London
N15 6LU
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