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REGISTERED NUMBER: 08563934 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Tawheed Trading Ltd

Tawheed Trading Ltd (Registered number: 08563934)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tawheed Trading Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: A R Kazmi





REGISTERED OFFICE: 71-75 Shelton Street
London
WC2H 9JQ





REGISTERED NUMBER: 08563934 (England and Wales)





ACCOUNTANTS: FSN Accounting
42 Nithsdale Road
Glasgow
G41 2AN

Tawheed Trading Ltd (Registered number: 08563934)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 58,500 61,500
Tangible assets 5 219,586 237,689
278,086 299,189

CURRENT ASSETS
Stocks 5,749 2,617
Debtors 6 37,746 22,781
Cash at bank and in hand 391,003 346,304
434,498 371,702
CREDITORS
Amounts falling due within one year 7 523,652 464,488
NET CURRENT LIABILITIES (89,154 ) (92,786 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,932

206,403

CREDITORS
Amounts falling due after more than one year 8 4,436 24,945
NET ASSETS 184,496 181,458

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 184,494 181,456
SHAREHOLDERS' FUNDS 184,496 181,458

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.

Tawheed Trading Ltd (Registered number: 08563934)

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 21 March 2025 and were signed by:





A R Kazmi - Director


Tawheed Trading Ltd (Registered number: 08563934)

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

1. STATUTORY INFORMATION

Tawheed Trading Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fees are being amortised evenly over their estimated useful life of nil years.

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.

Tawheed Trading Ltd (Registered number: 08563934)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
Goodwill fees Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 58,500 30,000 88,500
AMORTISATION
At 1 April 2023 - 27,000 27,000
Amortisation for year - 3,000 3,000
At 31 March 2024 - 30,000 30,000
NET BOOK VALUE
At 31 March 2024 58,500 - 58,500
At 31 March 2023 58,500 3,000 61,500

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 141,641 293,539 435,180
Additions - 6,296 6,296
At 31 March 2024 141,641 299,835 441,476
DEPRECIATION
At 1 April 2023 73,414 124,077 197,491
Charge for year 6,823 17,576 24,399
At 31 March 2024 80,237 141,653 221,890
NET BOOK VALUE
At 31 March 2024 61,404 158,182 219,586
At 31 March 2023 68,227 169,462 237,689

Tawheed Trading Ltd (Registered number: 08563934)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 20,306 5,341
Lease deposit 17,440 17,440
37,746 22,781

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 21,707 5,078
Tax - 575
PAYE 2,554 5,195
VAT 37,457 23,225
Directors' loan accounts 461,934 430,415
523,652 464,488

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loan 4,436 24,945