Registered number
12155943
Dr Safa Majid Limited
Filleted Accounts
31 August 2024
Dr Safa Majid Limited
Registered number: 12155943
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,222 3,804
Current assets
Debtors 4 2,676 -
Cash at bank and in hand 81,800 23,153
84,476 23,153
Creditors: amounts falling due within one year 5 (71,067) (20,400)
Net current assets 13,409 2,753
Total assets less current liabilities 18,631 6,557
Provisions for liabilities (992) -
Net assets 17,639 6,557
Capital and reserves
Called up share capital 1 1
Profit and loss account 17,638 6,556
Shareholder's funds 17,639 6,557
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Safa Majid
Director
Approved by the board on 3 March 2025
Dr Safa Majid Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The accounts are drawn up on a going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 5,621
Additions 2,677
At 31 August 2024 8,298
Depreciation
At 1 September 2023 1,817
Charge for the year 1,259
At 31 August 2024 3,076
Net book value
At 31 August 2024 5,222
At 31 August 2023 3,804
4 Debtors 2024 2023
£ £
Trade debtors 1,400 -
Other debtors 1,276 -
2,676 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 12,441 3,180
Other creditors 58,626 17,220
71,067 20,400
6 Other information
Dr Safa Majid Limited is a private company limited by shares and incorporated in England. Its registered office is:
32 Queen Annes Place
Bush Hill Park
London
EN1 2PT
Dr Safa Majid Limited 12155943 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts July 2024 Dr Safa Majid No description of principal activity 12155943 2022-09-01 2023-08-31 12155943 core:WithinOneYear 2023-08-31 12155943 core:ShareCapital 2023-08-31 12155943 core:RetainedEarningsAccumulatedLosses 2023-08-31 12155943 2023-09-01 2024-08-31 12155943 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12155943 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12155943 bus:Director40 2023-09-01 2024-08-31 12155943 2 2023-09-01 2024-08-31 12155943 core:PlantMachinery 2023-09-01 2024-08-31 12155943 countries:England 2023-09-01 2024-08-31 12155943 bus:FRS102 2023-09-01 2024-08-31 12155943 bus:FilletedAccounts 2023-09-01 2024-08-31 12155943 2024-08-31 12155943 core:WithinOneYear 2024-08-31 12155943 core:ShareCapital 2024-08-31 12155943 core:RetainedEarningsAccumulatedLosses 2024-08-31 12155943 core:PlantMachinery 2024-08-31 12155943 2023-08-31 12155943 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure