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REGISTERED NUMBER: 04060856 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

FARD INDUSTRIES LIMITED

FARD INDUSTRIES LIMITED (REGISTERED NUMBER: 04060856)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FARD INDUSTRIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: Dr H Fard





SECRETARY: Ms. A Fard





REGISTERED OFFICE: Evergreens 3a Carisbrooke Drive
Maidstone
Kent
ME16 0HY





REGISTERED NUMBER: 04060856 (England and Wales)





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF

FARD INDUSTRIES LIMITED (REGISTERED NUMBER: 04060856)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,763,484 1,763,484

CURRENT ASSETS
Debtors 5 83,440 200,393
Cash at bank 1,023,653 1,271,406
1,107,093 1,471,799
CREDITORS
Amounts falling due within one year 6 645,414 262,205
NET CURRENT ASSETS 461,679 1,209,594
TOTAL ASSETS LESS CURRENT LIABILITIES 2,225,163 2,973,078

CREDITORS
Amounts falling due after more than one
year

7

44,395

886,608
NET ASSETS 2,180,768 2,086,470

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,180,766 2,086,468
2,180,768 2,086,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FARD INDUSTRIES LIMITED (REGISTERED NUMBER: 04060856)

BALANCE SHEET - continued
31 May 2024


The 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.

The financial statements were approved by the director and authorised for issue on 24 February 2025 and were signed by:





Dr H Fard - Director


FARD INDUSTRIES LIMITED (REGISTERED NUMBER: 04060856)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Fard Industries Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

FARD INDUSTRIES LIMITED (REGISTERED NUMBER: 04060856)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 June 2023
and 31 May 2024 1,763,484
NET BOOK VALUE
At 31 May 2024 1,763,484
At 31 May 2023 1,763,484

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 83,440 78,001
Amounts owed by participating interests - 122,392
83,440 200,393

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 8,980 4,793
Amounts owed to participating interests 325,608 -
Taxation and social security 307,086 251,802
Other creditors 3,740 5,610
645,414 262,205

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 83,824 905,127
Other creditors (39,429 ) (18,519 )
44,395 886,608

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Director's Long term loan (39,429 ) (18,519 )