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Registered number: 13578419
Sh & Am Foods Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
WK & CO ACCOUNTANTS LIMITED
Chartered Certified Accountants
28 Blackwood Road
Sutton Coldfield
B74 3PH
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13578419
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 64,183 74,806
64,183 74,806
CURRENT ASSETS
Stocks 5 4,150 4,000
Debtors 6 19,657 11,547
Cash at bank and in hand 14,153 19,394
37,960 34,941
Creditors: Amounts Falling Due Within One Year 7 (158,133 ) (129,127 )
NET CURRENT ASSETS (LIABILITIES) (120,173 ) (94,186 )
TOTAL ASSETS LESS CURRENT LIABILITIES (55,990 ) (19,380 )
NET LIABILITIES (55,990 ) (19,380 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (56,090 ) (19,480 )
SHAREHOLDERS' FUNDS (55,990) (19,380)
For the year ending 31 August 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mohammed Shahzad
Director
07/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Sh & Am Foods Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13578419 . The registered office is 91 Soho Hill, Birmingham, B19 1AY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold On straight line basis over 15 year
Plant & Machinery 15% on reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2023: 25)
25 25
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Page 3
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 September 2023 4,129 78,533 82,662
Additions - 308 308
As at 31 August 2024 4,129 78,841 82,970
Depreciation
As at 1 September 2023 206 7,650 7,856
Provided during the period 276 10,655 10,931
As at 31 August 2024 482 18,305 18,787
Net Book Value
As at 31 August 2024 3,647 60,536 64,183
As at 1 September 2023 3,923 70,883 74,806
5. Stocks
2024 2023
£ £
Stock 4,150 4,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,811 1,668
Amounts owed by group undertakings 400 -
Other debtors 12,446 9,879
19,657 11,547
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,194 9,262
Other creditors 119,475 119,528
Taxation and social security 22,464 337
158,133 129,127
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3