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REGISTERED NUMBER: 05524203 (England and Wales)


Financial Statements for the Year Ended 31 August 2024

for

Naseeb Limited

Naseeb Limited (Registered number: 05524203)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Naseeb Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs Chetanaben Sunilbhai Patel
Mr Sunilkumar Nathubhai Patel





SECRETARY: Mr Sunilkumar Nathubhai Patel





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 05524203 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Naseeb Limited (Registered number: 05524203)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 126,470 126,470
Property, plant and equipment 5 101 136
126,571 126,606

CURRENT ASSETS
Inventories 12,475 12,377
Debtors 6 22,485 7,590
Cash at bank and in hand 35,770 49,878
70,730 69,845
CREDITORS
Amounts falling due within one year 7 27,556 29,396
NET CURRENT ASSETS 43,174 40,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

169,745

167,055

CREDITORS
Amounts falling due after more than one
year

8

49,847

29,173
NET ASSETS 119,898 137,882

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 119,894 137,878
SHAREHOLDERS' FUNDS 119,898 137,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Naseeb Limited (Registered number: 05524203)

Statement of Financial Position - continued
31 August 2024


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 Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by:





Mr Sunilkumar Nathubhai Patel - Director


Naseeb Limited (Registered number: 05524203)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Naseeb Limited is a private company, limited by shares , registered in England and Wales. 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 represents net sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 126,470
NET BOOK VALUE
At 31 August 2024 126,470
At 31 August 2023 126,470

Naseeb Limited (Registered number: 05524203)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 2,494
DEPRECIATION
At 1 September 2023 2,358
Charge for year 35
At 31 August 2024 2,393
NET BOOK VALUE
At 31 August 2024 101
At 31 August 2023 136

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 22,000 7,500
Other debtors 485 90
22,485 7,590

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 8,415 2,943
Taxation and social security 13,382 12,954
Other creditors 5,759 13,499
27,556 29,396

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 49,847 29,173

Naseeb Limited (Registered number: 05524203)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
4 Ordinary £1 4 4