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Registered Number: 09059498
England and Wales

 

 

 

NAZIHAR SOURCING LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 July 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 79,933    94,267 
Investments 4 3,366,000    3,242,000 
3,445,933    3,336,267 
Current assets      
Debtors: amounts falling due within one year 1,887,387    260,541 
Cash at bank and in hand 310,733    1,300,389 
2,198,120    1,560,930 
Creditors: amount falling due within one year (4,485,383)   (76,803)
Net current assets (2,287,263)   1,484,127 
 
Total assets less current liabilities 1,158,670    4,820,394 
Creditors: amount falling due after more than one year (34,437)   (47,244)
Net assets 1,124,233    4,773,150 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 1,124,133    4,773,050 
Shareholders' funds 1,124,233    4,773,150 
 


For the period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 31 January 2025 and were signed on its behalf by:


-------------------------------
ZILLUR RAHMAN
Director
1
General Information
NAZIHAR SOURCING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09059498, registration address Suite -02, 10 Abbey Parade, Wimbledon, London, SW19 1DG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20 Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 5 (2023 : 6).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Total
  £   £   £
At 01 July 2023 111,396    9,045    120,441 
Additions    
Disposals    
At 31 March 2024 111,396    9,045    120,441 
Depreciation
At 01 July 2023 22,279    3,895    26,174 
Charge for period 13,368    966    14,334 
On disposals    
At 31 March 2024 35,647    4,861    40,508 
Net book values
Closing balance as at 31 March 2024 75,749    4,184    79,933 
Opening balance as at 01 July 2023 89,117    5,150    94,267 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 July 2023 3,242,000    3,242,000 
Additions 124,000    124,000 
Transfer to/from tangible fixed assets  
Disposals  
At 31 March 2024 3,366,000    3,366,000 

2