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Company Registration No. 07628640 (England and Wales)
Al-Ghani Limited Unaudited accounts for the year ended 31 May 2024
Al-Ghani Limited Unaudited accounts Contents
Page
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Al-Ghani Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
271,175 
285,448 
Tangible assets
119,199 
75,788 
Investment property
446,170 
446,170 
836,544 
807,406 
Current assets
Inventories
7,140 
7,140 
Debtors
98,243 
106,114 
Cash at bank and in hand
58,951 
76,061 
164,334 
189,315 
Creditors: amounts falling due within one year
(398,083)
(414,721)
Net current liabilities
(233,749)
(225,406)
Total assets less current liabilities
602,795 
582,000 
Creditors: amounts falling due after more than one year
(280,980)
(298,278)
Net assets
321,815 
283,722 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
321,812 
283,719 
Shareholders' funds
321,815 
283,722 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by
Mr A Khan Director Company Registration No. 07628640
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Al-Ghani Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Al-Ghani Limited is a private company, limited by shares, registered in England and Wales, registration number 07628640. The registered office is 43 Coventry Street, Bradford, BD4 7HX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% straight line
Motor vehicles
25% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Al-Ghani Limited Notes to the Accounts for the year ended 31 May 2024
4
Intangible fixed assets
Total 
£ 
Cost
At 1 June 2023
356,813 
At 31 May 2024
356,813 
Amortisation
At 1 June 2023
71,365 
Charge for the year
14,273 
At 31 May 2024
85,638 
Net book value
At 31 May 2024
271,175 
At 31 May 2023
285,448 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 June 2023
123,873 
Additions
58,462 
At 31 May 2024
182,335 
Depreciation
At 1 June 2023
48,085 
Charge for the year
15,051 
At 31 May 2024
63,136 
Net book value
At 31 May 2024
119,199 
At 31 May 2023
75,788 
6
Controlling party
The company is fully controlled by its parent company: Noble Pharma Limited (10959750) registered in England and Wales.
7
Average number of employees
During the year the average number of employees was 12 (2023: 12).
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