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REGISTERED NUMBER: 10085165 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Sharif Halal Meat & Grocers Ltd

Sharif Halal Meat & Grocers Ltd (Registered number: 10085165)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Sharif Halal Meat & Grocers Ltd (Registered number: 10085165)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £ £
Fixed assets
Tangible assets 4 2,715 3,619

Current assets
Stocks 5 20,500 20,067
Debtors 6 34,302 10,363
Cash at bank 34,328 12,914
89,130 43,344
Creditors
Amounts falling due within one year 7 (43,230 ) (5,871 )
Net current assets 45,900 37,473
Total assets less current liabilities 48,615 41,092

Capital and reserves
Called up share capital 100 100
Retained earnings 8 48,515 40,992
Shareholders' funds 48,615 41,092

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Sharif Halal Meat & Grocers Ltd (Registered number: 10085165)

Balance Sheet - continued
31 March 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 31 December 2024 and were signed by:





Sheikh Ahmad - Director


Sharif Halal Meat & Grocers Ltd (Registered number: 10085165)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Sharif Halal Meat & Grocers Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10085165

Registered office: 189 Merton Road
London
SW18 5EF

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Sharif Halal Meat & Grocers Ltd (Registered number: 10085165)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

4. Tangible fixed assets
Freehold
property
£
Cost
At 1 April 2023
and 31 March 2024 12,500
Depreciation
At 1 April 2023 8,881
Charge for year 904
At 31 March 2024 9,785
Net book value
At 31 March 2024 2,715
At 31 March 2023 3,619

5. Stocks
31.3.24 31.3.23
£ £
Finished goods 20,500 20,067

6. Debtors: amounts falling due within one year
31.3.24 31.3.23
£ £
Trade debtors 13,049 -
Other debtors 18,000 7,000
VAT 253 363
Prepayments 3,000 3,000
34,302 10,363

Sharif Halal Meat & Grocers Ltd (Registered number: 10085165)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. Creditors: amounts falling due within one year
31.3.24 31.3.23
£ £
Trade creditors 3,895 3,894
Corporation tax 14,335 1,977
Proposed dividends 25,000 -
43,230 5,871

8. Reserves
Retained
earnings
£

At 1 April 2023 40,992
Profit for the year 47,523
Dividends (40,000 )
At 31 March 2024 48,515