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Company registration number:
14795853
Sabeel Drinks Ltd
Unaudited Filleted Financial Statements for the period ended
30 April 2024
Sabeel Drinks Ltd
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Sabeel Drinks Ltd
Period ended
30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Sabeel Drinks Ltd
for the period ended
30 April 2024
which comprise the income statement, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Sabeel Drinks Ltd
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Sabeel Drinks Ltd
and state those matters that we have agreed to state to the Board of Directors of
Sabeel Drinks Ltd
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Sabeel Drinks Ltd
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Sabeel Drinks Ltd
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
Sabeel Drinks Ltd
. You consider that
Sabeel Drinks Ltd
is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Sabeel Drinks Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
A&C Chartered Accountants
Marsland Chambers
1a Marsland Road
Sale Moor
Cheshire
M33 3HP
United Kingdom
Sabeel Drinks Ltd
Statement of Financial Position
30 April 2024
30 Apr 2024
Note£
Current assets  
Stocks
25,231
 
Debtors 5
3,930
 
Cash at bank and in hand
3,943
 
33,104
 
Creditors: amounts falling due within one year 6
(45,507
)
Net current liabilities
(12,403
)
Total assets less current liabilities (12,403 )
Capital and reserves  
Called up share capital
100
 
Profit and loss account
(12,503
)
Shareholders deficit
(12,403
)
For the period ending
30 April 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
10 April 2025
, and are signed on behalf of the board by:
A Tariq
U Tariq
DirectorDirector
Company registration number:
14795853
Sabeel Drinks Ltd
Notes to the Financial Statements
Period ended
30 April 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
71-75 Shelton Street
,
Covent Garden
,
London
,
WC2H 9JQ
, .

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Research and development

Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when It is technically feasible to complete the intangible asset so that it will be available for use or sale; there is the intention to complete the intangible asset and use or sell it; there is the ability to use or sell the intangible asset; the use or sale of the intangible asset will generate probable future economic benefits; there are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and the expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the period was Nil.

5 Debtors

30 Apr 2024
£
Trade debtors
210
 
Other debtors
3,720
 
3,930
 

6 Creditors: amounts falling due within one year

30 Apr 2024
£
Other creditors
45,507
 

7 Directors' advances, credit and guarantees

The following advances and credits to directors A Tariq and U Tariq subsisted during the period ended 30 April 2024.
A Tariq
Balance at 12/04/2023: £0 owed to the director.
£7,829 was loaned to the company in the period.
Balance at 30/04/2024: £7,829 owed to the director.
U Tariq
Balance at 12/04/2023: £0 owed to the director.
£36,508 was loaned to the company in the period.
Balance at 30/04/2024: £36,508 owed to the director.
The above loans are unsecured, interest free and repayable on demand.

8 Controlling party

During the period ended 30 April 2024, the director, A Tariq, controlled the company by virtue of a controlling interest of 51% of the issued ordinary share capital.