Registered number
11630291
A Zulfi Practitioners Ltd
Filleted Accounts
31 October 2024
A Zulfi Practitioners Ltd
Registered number: 11630291
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,184 720
Current assets
Cash at bank and in hand 75,747 69,746
Creditors: amounts falling due within one year 4 (16,974) (27,744)
Net current assets 58,773 42,002
Net assets 59,957 42,722
Capital and reserves
Called up share capital 100 100
Profit and loss account 59,857 42,622
Shareholders' funds 59,957 42,722
The directors are 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 directors acknowledge their 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.
Asif Zulfiqar Husain
Director
Approved by the board on 6 May 2025
A Zulfi Practitioners Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services.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 20% Reduced Balance Method
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 400
Additions 600
At 31 October 2024 1,000
Depreciation
At 1 November 2023 (320)
Charge for the year 136
At 31 October 2024 (184)
Net book value
At 31 October 2024 1,184
At 31 October 2023 720
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 850
Taxation and social security costs 13,182 14,963
Other Creditors 850 -
Director's Loan Account 2,942 11,931
16,974 27,744
5 Other information
A Zulfi Practitioners Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Flat 21 Sandgates
Guildford Road
Chertsey
KT16 9LT
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