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COMPANY REGISTRATION NUMBER: 07608238
NOOR ASSOCIATES LTD
Filleted Unaudited Financial Statements
31 May 2024
NOOR ASSOCIATES LTD
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
55,174
79,672
Current assets
Stocks
32,840
30,560
Debtors
6
20,000
Cash at bank and in hand
35,887
19,760
--------
--------
68,727
70,320
Creditors: amounts falling due within one year
7
107,274
97,754
---------
--------
Net current liabilities
38,547
27,434
--------
--------
Total assets less current liabilities
16,627
52,238
--------
--------
Net assets
16,627
52,238
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
16,527
52,138
--------
--------
Shareholders funds
16,627
52,238
--------
--------
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 income and retained earnings has not been delivered.
For the year ending 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:
- 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
NOOR ASSOCIATES LTD
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 25 February 2025 , and are signed on behalf of the board by:
H N AHMED
Director
Company registration number: 07608238
NOOR ASSOCIATES LTD
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 243, PORTOBELLO ROAD, LONDON, W111 1LT, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2023: 8 ).
5. Tangible assets
Land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 June 2023
78,459
1,775
80,234
Disposals
( 24,256)
( 24,256)
--------
-------
--------
At 31 May 2024
54,203
1,775
55,978
--------
-------
--------
Depreciation
At 1 June 2023
562
562
Charge for the year
242
242
--------
-------
--------
At 31 May 2024
804
804
--------
-------
--------
Carrying amount
At 31 May 2024
54,203
971
55,174
--------
-------
--------
At 31 May 2023
78,459
1,213
79,672
--------
-------
--------
6. Debtors
2024
2023
£
£
Other debtors
20,000
----
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
17,330
10,016
Other creditors
89,944
87,738
---------
--------
107,274
97,754
---------
--------
8. Director's advances, credits and guarantees
Directors loan account relates to directors current account.
9. Related party transactions
The company was under the control of Mr N AHMED throughout the current period. Mr N AHMED is the managing director holding 100% Share capital of the company.