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REGISTERED NUMBER: SC507293 (Scotland)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SARWAR FOODS LIMITED

SARWAR FOODS LIMITED (REGISTERED NUMBER: SC507293)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


SARWAR FOODS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr A Shahzad





REGISTERED OFFICE: 29 Hanover Street
Fraserburgh
Aberdeenshire
AB43 9HQ





REGISTERED NUMBER: SC507293 (Scotland)





ACCOUNTANTS: Bain Henry Reid
51-53 High Street
Turriff
AB53 4EJ

SARWAR FOODS LIMITED (REGISTERED NUMBER: SC507293)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,000 2,000
Tangible assets 5 160,380 164,545
161,380 166,545

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 6 2,549 347
Cash at bank and in hand 99,038 100,745
104,087 103,592
CREDITORS
Amounts falling due within one year 7 50,394 59,154
NET CURRENT ASSETS 53,693 44,438
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,073

210,983

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 215,072 210,982
SHAREHOLDERS' FUNDS 215,073 210,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 26 March 2025 and were signed by:





Mr A Shahzad - Director


SARWAR FOODS LIMITED (REGISTERED NUMBER: SC507293)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Sarwar Foods Limited is a private company, limited by shares , registered in Scotland. 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.

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 are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Heritable property - Over 50 years
Plant and machinery - Over 5 years

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - 7 ) .

SARWAR FOODS LIMITED (REGISTERED NUMBER: SC507293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 10,000
AMORTISATION
At 1 July 2023 8,000
Charge for year 1,000
At 30 June 2024 9,000
NET BOOK VALUE
At 30 June 2024 1,000
At 30 June 2023 2,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 190,626 12,773 203,399
Additions - 425 425
At 30 June 2024 190,626 13,198 203,824
DEPRECIATION
At 1 July 2023 29,866 8,988 38,854
Charge for year 3,815 775 4,590
At 30 June 2024 33,681 9,763 43,444
NET BOOK VALUE
At 30 June 2024 156,945 3,435 160,380
At 30 June 2023 160,760 3,785 164,545

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,243 -
Other debtors 306 347
2,549 347

SARWAR FOODS LIMITED (REGISTERED NUMBER: SC507293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,371 2,879
Taxation and social security 15,429 14,369
Other creditors 32,594 41,906
50,394 59,154

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr A Shahzad
Balance outstanding at start of year 7,472 6,659
Amounts advanced 13,320 13,004
Amounts repaid (14,472 ) (12,191 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,320 7,472

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Shahzad.