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Registered Number: 12669501


 

 

 

TAQWA LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Director Usman AFZAL
Registered Number 12669501
Registered Office 53 Cotton Lane
B13 9SE
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 May 2024.
Principal activities
Principal activity of the company during the financial year was of providing professional consultancy to the companies.
Director
The director who served the company throughout the year was as follows:
Usman AFZAL
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Usman AFZAL
Director

Date approved: 26 February 2025
2
 
 
Notes
 
2024
£
  2023
£
Current assets      
Debtors 3 5,456    9,896 
Cash at bank and in hand 4,737    157 
10,193    10,053 
Creditors: amount falling due within one year 4 (638)   (1,309)
Net current assets 9,555    8,744 
 
Total assets less current liabilities 9,555    8,744 
Net assets 9,555    8,744 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 9,455    8,644 
Shareholders' funds 9,555    8,744 
 


For the year ended 31 May 2024 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 financial statements were approved by the director on 26 February 2025 and were signed by:


-------------------------------
Usman AFZAL
Director
3
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 June 2022 100  3,062  3,162 
Profit for the year 5,582  5,582 
Total comprehensive income for the year 5,582  5,582 
Total investments by and distributions to owners
At 31 May 2023 100  8,644  8,744 
At 01 June 2023 100  8,644  8,744 
Profit for the year 811  811 
Total comprehensive income for the year 811  811 
Total investments by and distributions to owners
At 31 May 2024 100  9,455  9,555 
4
General Information
TAQWA LIMITED is a private company, limited by shares, registered in , registration number 12669501, registration address 53 Cotton Lane, B13 9SE.

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 Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 5,356    5,796 
Called up Share Capital Not Paid 100    100 
Prepayments & Accrued Income   4,000 
5,456    9,896 

4.

Creditors: amount falling due within one year

2024
£
  2023
£
Corporation Tax 338    1,309 
Accrued Expenses 300   
638    1,309 

5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

6.

Reclassification and Comparative Figures

Certain reclassifications have been made to the prior years financial statements to enhance comparability with the current years financial statements. As a result, certain line items have been amended in the statement of financial position, statement of profit or loss and other comprehensive income, statement of changes in equity and statements of cash flow, and the related notes to the financial statements. Comparative figures have been adjusted to conform to the current years presentation.
5