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Registered number: 12667695
Baraka Holding Ltd
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 12667695
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 61,515 93,029
Investments 5 50,000 50,000
111,515 143,029
CURRENT ASSETS
Stocks 6 44,500 117,110
Debtors 7 31,900 29,047
Cash at bank and in hand 4,768 1,267
81,168 147,424
Creditors: Amounts Falling Due Within One Year 8 (16,243 ) (227,564 )
NET CURRENT ASSETS (LIABILITIES) 64,925 (80,140 )
TOTAL ASSETS LESS CURRENT LIABILITIES 176,440 62,889
Creditors: Amounts Falling Due After More Than One Year 9 (476,825 ) (364,505 )
NET LIABILITIES (300,385 ) (301,616 )
CAPITAL AND RESERVES
Called up share capital 10 3 3
Income Statement (300,388 ) (301,619 )
SHAREHOLDERS' FUNDS (300,385) (301,616)
Page 1
Page 2
For the year ending 30 June 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Mohammad Alam
Director
18/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Baraka Holding Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12667695 . The registered office is 292-296 BARKING ROAD, EAST HAM, LONDON, E6 3BA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over 20 years of lease period
Fixtures & Fittings % per annum on straight line basis
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 9)
7 9
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 40,000 147,569 187,569
As at 30 June 2024 40,000 147,569 187,569
Depreciation
As at 1 July 2023 6,000 88,540 94,540
Provided during the period 2,000 29,514 31,514
As at 30 June 2024 8,000 118,054 126,054
Net Book Value
As at 30 June 2024 32,000 29,515 61,515
As at 1 July 2023 34,000 59,029 93,029
Page 3
Page 4
5. Investments
Other
£
Cost
As at 1 July 2023 50,000
As at 30 June 2024 50,000
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 50,000
As at 1 July 2023 50,000
6. Stocks
2024 2023
£ £
Stock 44,500 117,110
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 31,900 29,047
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 2,120 219,583
Taxation and social security 14,123 7,981
16,243 227,564
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 364,505 364,505
Other loans 64,510 -
Other creditors 47,810 -
476,825 364,505
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
Page 4