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Company Registration No. 08674344 (England and Wales)
Nayyir Associates Limited Unaudited accounts for the year ended 30 September 2024
Nayyir Associates Limited Unaudited accounts Contents
Page
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Nayyir Associates Limited Company Information for the year ended 30 September 2024
Directors
Mr M K Durrani Mr S Durrani
Company Number
08674344 (England and Wales)
Registered Office
C/O Accountancy Managers Ltd 164 New Cavendish Street London W1W 6YT United Kingdom
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Nayyir Associates Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,000 
2,000 
Tangible assets
22,022 
28,183 
23,022 
30,183 
Current assets
Inventories
14,000 
11,000 
Debtors
60,257 
23,542 
Cash at bank and in hand
289,021 
364,839 
363,278 
399,381 
Creditors: amounts falling due within one year
(288,074)
(340,915)
Net current assets
75,204 
58,466 
Total assets less current liabilities
98,226 
88,649 
Creditors: amounts falling due after more than one year
(4,721)
(15,370)
Net assets
93,505 
73,279 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
93,405 
73,179 
Shareholders' funds
93,505 
73,279 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 April 2025 and were signed on its behalf by
Mr M K Durrani Director Company Registration No. 08674344
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Nayyir Associates Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Nayyir Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 08674344. The registered office is C/O Accountancy Managers Ltd, 164 New Cavendish Street, London, W1W 6YT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on cost
Fixtures & fittings
10% on cost
Computer equipment
10% on cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Nayyir Associates Limited Notes to the Accounts for the year ended 30 September 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 October 2023
10,000 
At 30 September 2024
10,000 
Amortisation
At 1 October 2023
8,000 
Charge for the year
1,000 
At 30 September 2024
9,000 
Net book value
At 30 September 2024
1,000 
At 30 September 2023
2,000 
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Nayyir Associates Limited Notes to the Accounts for the year ended 30 September 2024
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
21,670 
105,725 
25,126 
152,521 
Additions
- 
208 
1,582 
1,790 
At 30 September 2024
21,670 
105,933 
26,708 
154,311 
Depreciation
At 1 October 2023
17,336 
94,714 
12,288 
124,338 
Charge for the year
2,167 
1,974 
3,810 
7,951 
At 30 September 2024
19,503 
96,688 
16,098 
132,289 
Net book value
At 30 September 2024
2,167 
9,245 
10,610 
22,022 
At 30 September 2023
4,334 
11,011 
12,838 
28,183 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
6,271 
10,343 
Other debtors
53,986 
13,199 
60,257 
23,542 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,945 
10,973 
VAT
32,727 
31,942 
Trade creditors
14,966 
26,612 
Taxes and social security
10,189 
23,507 
Other creditors
86,513 
76,724 
Loans from directors
129,839 
169,539 
Accruals
1,895 
1,618 
288,074 
340,915 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,721 
15,370 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Nayyir Associates Limited Notes to the Accounts for the year ended 30 September 2024
10
Transactions with related parties
During the year dividends of £500 (2023: £3,750) were distributed to Mr M K Durrani. In addition, a sum of £4,800 (2023: £36,000) was distributed to Mr S Durrani. Included in other creditors due within one year are the amounts of £78,075 (2023: £77,575) and £51,764 (2023: £91,964) owed to Mr M K Durrani & Mr S Durrani respectively.
11
Controlling party
Mr Shahan Durrani is regarded as the ultimate controlling party for the period.
12
Average number of employees
During the year the average number of employees was 14 (2023: 17).
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