2023-09-01 2024-08-31 false Capium Accounts Production 1.1 09727881 2023-09-01 2024-08-31 09727881 bus:FullAccounts 2023-09-01 2024-08-31 09727881 bus:FRS102 2023-09-01 2024-08-31 09727881 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09727881 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09727881 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09727881 2023-09-01 2024-08-31 09727881 2024-08-31 09727881 bus:RegisteredOffice 2023-09-01 2024-08-31 09727881 core:WithinOneYear 2024-08-31 09727881 core:AfterOneYear 2024-08-31 09727881 1 2023-09-01 2024-08-31 09727881 bus:Director1 2023-09-01 2024-08-31 09727881 bus:Director1 2024-08-31 09727881 bus:Director1 2022-09-01 2023-08-31 09727881 2022-09-01 09727881 bus:LeadAgentIfApplicable 2023-09-01 2024-08-31 09727881 2022-09-01 2023-08-31 09727881 2023-08-31 09727881 core:WithinOneYear 2023-08-31 09727881 core:AfterOneYear 2023-08-31 09727881 bus:EntityAccountantsOrAuditors 2022-09-01 2023-08-31 09727881 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 09727881 bus:OrdinaryShareClass1 2024-08-31 09727881 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 09727881 bus:OrdinaryShareClass1 2023-08-31 09727881 core:PlantMachinery 2023-09-01 2024-08-31 09727881 core:PlantMachinery 2024-08-31 09727881 core:PlantMachinery 2023-08-31 09727881 core:MotorCars 2023-09-01 2024-08-31 09727881 core:MotorCars 2024-08-31 09727881 core:MotorCars 2023-08-31 09727881 core:FurnitureFittings 2023-09-01 2024-08-31 09727881 core:FurnitureFittings 2024-08-31 09727881 core:FurnitureFittings 2023-08-31 09727881 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-08-31 09727881 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-08-31 09727881 core:CostValuation core:Non-currentFinancialInstruments 2024-08-31 09727881 core:CostValuation core:Non-currentFinancialInstruments 2023-08-31 09727881 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-08-31 09727881 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-08-31 09727881 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-08-31 09727881 core:Non-currentFinancialInstruments 2024-08-31 09727881 core:Non-currentFinancialInstruments 2023-08-31 09727881 core:ShareCapital 2024-08-31 09727881 core:ShareCapital 2023-08-31 09727881 core:RetainedEarningsAccumulatedLosses 2024-08-31 09727881 core:RetainedEarningsAccumulatedLosses 2023-08-31 09727881 core:ShareCapitalOrdinaryShares 2023-09-01 09727881 core:ShareCapitalOrdinaryShares 2022-09-01 09727881 core:ShareCapitalOrdinaryShares 2023-09-01 2024-08-31 09727881 core:ShareCapitalOrdinaryShares 2022-09-01 2023-08-31 09727881 core:ShareCapitalOrdinaryShares 2024-08-31 09727881 core:ShareCapitalOrdinaryShares 2023-08-31 09727881 core:RetainedEarningsAccumulatedLosses 2023-09-01 09727881 core:RetainedEarningsAccumulatedLosses 2022-09-01 09727881 core:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 09727881 core:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 09727881 core:RetainedEarningsAccumulatedLosses 2024-08-31 09727881 core:RetainedEarningsAccumulatedLosses 2023-08-31 09727881 dpl:Item1 2023-09-01 09727881 dpl:Item1 2024-08-31 09727881 dpl:Item1 2022-09-01 09727881 dpl:Item1 2023-08-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 09727881


 

 

 

FAYAZ BIKHAN LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Director Fayaz Bikhan
Registered Number 09727881
Registered Office 1-3 West Road
Newcastle Upon Tyne
Tyne & Wear
NE4 9PT
Accountants Acumen Accounting
364 West Road
Newcastle Upon Tyne
Tyne & Wear
NE4 9JY
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 August 2024.
Principal activities
Principal activity of the company during the financial year end 31 August 2024 was of retail sale of fruit and vegetables in specialised stores & retail sale of meat and meat products in specialised stores.
Director
The director who served the company throughout the year was as follows:
Fayaz Bikhan
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Fayaz Bikhan
Director

Date approved: 20 May 2025
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 August 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Acumen Accounting
31 August 2024



....................................................
Acumen Accounting
364 West Road
Newcastle Upon Tyne
Tyne & Wear
NE4 9JY
20 May 2025
3
 
 
Notes
 
2024
£
  2023
£
Turnover 515,001    472,539 
Cost of sales (362,932)   (333,591)
Gross profit 152,069    138,948 
Administrative expenses (174,210)   (123,097)
Operating profit/(loss) (22,141)   15,851 
Profit/(Loss) on ordinary activities before taxation (22,141)   15,851 
Tax on profit on ordinary activities (1,498)   (4,565)
Profit/(Loss) for the financial year (23,639)   11,286 
 
4
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 119,476    145,606 
119,476    145,606 
Current assets      
Stocks 5 33,125    32,796 
Debtors: amounts falling due within one year 6 1,047   
Cash at bank and in hand 54,355    52,763 
88,527    85,559 
Creditors: amount falling due within one year 7 (59,875)   (50,880)
Net current assets 28,652    34,679 
 
Total assets less current liabilities 148,128    180,285 
Creditors: amount falling due after more than one year 8 (128,134)   (136,652)
Net assets 19,994    43,633 
 

Capital and reserves
     
Called up share capital 9 1    1 
Profit and loss account 19,993    43,632 
Shareholders' funds 19,994    43,633 
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges 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 financial statements were approved by the director on 20 May 2025 and were signed by:


-------------------------------
Fayaz Bikhan
Director
5
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 September 2022 1  47,346  47,347 
Profit for the year 11,286  11,286 
Total comprehensive income for the year 11,286  11,286 
Dividends (15,000) (15,000)
Total investments by and distributions to owners (15,000) (15,000)
At 31 August 2023 1  43,632  43,633 
At 01 September 2023 1  43,632  43,633 
Profit for the year (23,639) (23,639)
Total comprehensive income for the year (23,639) (23,639)
Total investments by and distributions to owners
At 31 August 2024 1  19,993  19,994 
6
General Information
Fayaz Bikhan Ltd is a private company, limited by shares, registered in , registration number 09727881, registration address 1-3 West Road, Newcastle Upon Tyne, Tyne & Wear, NE4 9PT.

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.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
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
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
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:
Plant and Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
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.

Staff Costs

2024
£
  2023
£
Wages and salaries 91,882    47,904 
91,882    47,904 
 
Average number of employees during the year Number   Number
Administration 1    1 
Sales 4    2 
 

3.

Average number of employees

Average number of employees during the year was 5 (2023 : 4).
4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 September 2023 45,576    91,924    30,000    167,500 
Additions   4,750      4,750 
Disposals      
At 31 August 2024 45,576    96,674    30,000    172,250 
Depreciation
At 01 September 2023 3,988    13,406    4,500    21,894 
Charge for year 6,238    20,817    3,825    30,880 
On disposals      
At 31 August 2024 10,226    34,223    8,325    52,774 
Net book values
Closing balance as at 31 August 2024 35,350    62,451    21,675    119,476 
Opening balance as at 01 September 2023 41,588    78,518    25,500    145,606 


5.

Stocks

2024
£
  2023
£
Stocks 33,125    32,796 
33,125    32,796 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
VAT 1,047   
1,047   

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 9,878    5,656 
Corporation Tax 6,063    4,565 
PAYE & Social Security 3,274   
Other Creditors 40,660    40,659 
59,875    50,880 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 28,603    39,177 
Directors' Loan Accounts 99,531    97,475 
128,134    136,652 

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £0.01 each  
 

7