Aflah Limited
Registered number: 07011083
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 20,430 20,430
Tangible assets 4 129,975 142,819
150,405 163,249
Current assets
Stocks 15,210 17,236
Debtors 5 23,433 23,433
Investments held as current assets 21,777 21,777
Cash at bank and in hand 9,161 5,577
69,581 68,023
Creditors: amounts falling due within one year 6 (32,135) (33,173)
Net current assets 37,446 34,850
Total assets less current liabilities 187,851 198,099
Creditors: amounts falling due after more than one year 7 (52,469) (84,479)
Net assets 135,382 113,620
Capital and reserves
Called up share capital 100 100
Profit and loss account 135,282 113,520
Shareholders' funds 135,382 113,620
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mrs Zarghona Suhail Amjed
Director
Approved by the board on 26 September 2024
Aflah Limited
Notes to the Accounts
for the year ended 30 April 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts . 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 8% reducing balance
Fixture and Fitting 15% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 18 17
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 20,430
At 30 April 2024 20,430
Amortisation
At 30 April 2024 -
Net book value
At 30 April 2024 20,430
At 30 April 2023 20,430
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Lease Improvements Plant and machinery Fixture and fittings Total
£ £ £ £
Cost
At 1 May 2023 23,432 195,697 66,807 285,936
At 30 April 2024 23,432 195,697 66,807 285,936
Depreciation
At 1 May 2023 - 123,321 19,796 143,117
Charge for the year - 5,792 7,052 12,844
At 30 April 2024 - 129,113 26,848 155,961
Net book value
At 30 April 2024 23,432 66,584 39,959 129,975
At 30 April 2023 23,432 72,376 47,011 142,819
5 Debtors 2024 2023
£ £
Other debtors 23,433 23,433
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 7,172 7,176
Corporation tax 5,275 2,553
Other taxes and social security costs 5,284 4,642
Other creditors 14,404 18,802
32,135 33,173
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 52,469 84,479
8 Controlling party
Mrs Zarghona Suhail Amjed has a controlling interest in the company by the virtue of her 100% holding of the ordinary shares of the company.
9 Other information
Aflah Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Grandale Street
Manchester
Lancashire
M14 5WG
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