2 01/03/2023 28/02/2024 2024-02-28 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-03-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10619554 2023-03-01 2024-02-28 10619554 2024-02-28 10619554 2023-02-28 10619554 2022-03-01 2023-02-28 10619554 2023-02-28 10619554 2022-02-28 10619554 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-28 10619554 bus:RegisteredOffice 2023-03-01 2024-02-28 10619554 bus:LeadAgentIfApplicable 2023-03-01 2024-02-28 10619554 bus:Director1 2023-03-01 2024-02-28 10619554 core:FurnitureFittingsToolsEquipment 2023-02-28 10619554 core:FurnitureFittingsToolsEquipment 2024-02-28 10619554 core:AfterOneYear 2024-02-28 10619554 core:AfterOneYear 2023-02-28 10619554 core:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 10619554 core:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-28 10619554 core:WithinOneYear 2024-02-28 10619554 core:WithinOneYear 2023-02-28 10619554 core:ShareCapital 2024-02-28 10619554 core:ShareCapital 2023-02-28 10619554 core:RetainedEarningsAccumulatedLosses 2024-02-28 10619554 core:RetainedEarningsAccumulatedLosses 2023-02-28 10619554 core:ShareCapital 2022-02-28 10619554 core:RetainedEarningsAccumulatedLosses 2022-02-28 10619554 core:PreviouslyStatedAmount core:ShareCapital 2024-02-28 10619554 core:FurnitureFittingsToolsEquipment 2023-02-28 10619554 bus:SmallEntities 2023-03-01 2024-02-28 10619554 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 10619554 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10619554 bus:CompanyLimitedByGuarantee 2023-03-01 2024-02-28 10619554 bus:FullAccounts 2023-03-01 2024-02-28
Company registration number: 10619554
UK SAHRA LTD
Company limited by guarantee
Unaudited filleted financial statements
28 February 2024
UK SAHRA LTD
Company limited by guarantee
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
UK SAHRA LTD
Company limited by guarantee
Directors and other information
Director MR BULENT DOLANBAY
Company number 10619554
Registered office UNIT 3
TILE KILN FARM
ENFIELD
EN2 9DY
Business address UNIT 3
TILE KILN FARM
ENFIELD
EN2 9DY
Accountants BENCHMARK ACCOUNTING SERVICES LTD
187 HIGH ROAD LEYTON
LONDON
E15 2BY
UK SAHRA LTD
Company limited by guarantee
Report to the director on the preparation of the
unaudited statutory financial statements of UK SAHRA LTD
Year ended 28 February 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 28 February 2024 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
BENCHMARK ACCOUNTING SERVICES LTD
187 HIGH ROAD LEYTON
LONDON
E15 2BY
24 February 2025
UK SAHRA LTD
Company limited by guarantee
Statement of financial position
28 February 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 6 3,372 3,967
_______ _______
3,372 3,967
Current assets
Stocks 372,514 415,173
Debtors 7 100,781 196,536
Cash at bank and in hand 7,072 10,766
_______ _______
480,367 622,475
Creditors: amounts falling due
within one year 8 ( 556,609) ( 640,061)
_______ _______
Net current liabilities ( 76,242) ( 17,586)
_______ _______
Total assets less current liabilities ( 72,870) ( 13,619)
Creditors: amounts falling due
after more than one year 9 ( 17,277) ( 28,277)
_______ _______
Net liabilities ( 90,147) ( 41,896)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 90,247) ( 41,996)
_______ _______
Members deficit ( 90,147) ( 41,896)
_______ _______
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 24 February 2025 , and are signed on behalf of the board by:
MR BULENT DOLANBAY
Director
Company registration number: 10619554
UK SAHRA LTD
Company limited by guarantee
Statement of changes in equity
Year ended 28 February 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 March 2022 100 86,286 86,386
Loss for the year ( 128,282) ( 128,282)
_______ _______ _______
Total comprehensive income for the year - ( 128,282) ( 128,282)
_______ _______ _______
At 28 February 2023 and 1 March 2023 100 ( 41,996) ( 41,896)
Loss for the year ( 48,251) ( 48,251)
_______ _______ _______
Total comprehensive income for the year - ( 48,251) ( 48,251)
_______ _______ _______
At 28 February 2024 100 ( 90,247) ( 90,147)
_______ _______ _______
UK SAHRA LTD
Company limited by guarantee
Notes to the financial statements
Year ended 28 February 2024
1. General information
The company is a private company limited by guarantee, registered in ENGLAND AND WALES. The address of the registered office is UNIT 3, TILE KILN FARM, ENFIELD, EN2 9DY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 15 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Limited by guarantee
5. Staff costs
The average number of persons employed by the company during the year amounted to 2 (2023: 7 ).
The aggregate payroll costs incurred during the year were:
2024 2023
£ £
Wages and salaries 71,569 88,062
Other pension costs 2,584 2,165
_______ _______
74,153 90,227
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 March 2023 and 28 February 2024 5,911 5,911
_______ _______
Depreciation
At 1 March 2023 1,944 1,944
Charge for the year 595 595
_______ _______
At 28 February 2024 2,539 2,539
_______ _______
Carrying amount
At 28 February 2024 3,372 3,372
_______ _______
At 28 February 2023 3,967 3,967
_______ _______
7. Debtors
2024 2023
£ £
Trade debtors 100,781 166,936
Other debtors - 29,600
_______ _______
100,781 196,536
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 249,827 439,676
Corporation tax 8,153 8,153
Social security and other taxes 10,776 24,078
Other creditors 287,853 168,154
_______ _______
556,609 640,061
_______ _______
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 17,277 28,277
_______ _______