1 September 2023 false No description of principal activity Taxfiler 2024.6 SC604285business:PrivateLimitedCompanyLtd2023-09-012024-08-31 SC6042852023-08-31 SC6042852023-09-012024-08-31 SC604285business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 SC604285business:FilletedAccounts2023-09-012024-08-31 SC6042852024-08-31 SC604285business:Director12023-09-012024-08-31 SC604285business:RegisteredOffice2023-09-012024-08-31 SC6042852023-08-31 SC604285core:WithinOneYear2024-08-31 SC604285core:WithinOneYear2023-08-31 SC604285core:AfterOneYear2024-08-31 SC604285core:AfterOneYear2023-08-31 SC604285core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 SC604285core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 SC604285core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 SC604285core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 SC604285core:PreviouslyStatedAmount2024-08-31 SC604285core:PreviouslyStatedAmount2023-08-31 SC604285business:SmallEntities2023-09-012024-08-31 SC604285countries:Scotland2023-09-012024-08-31 SC6042852022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. SC604285 (Scotland)
AFZAL LETTINGS LTD Unaudited accounts for the year ended 31 August 2024
AFZAL LETTINGS LTD Unaudited accounts Contents
Page
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AFZAL LETTINGS LTD Company Information for the year ended 31 August 2024
Director
Sheraz Afzal
Company Number
SC604285 (Scotland)
Registered Office
74 DRUM BRAE PARK EDINBURGH EH12 8TF UNITED KINGDOM
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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AFZAL LETTINGS LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
189,167 
189,167 
Current assets
Cash at bank and in hand
15,674 
10,153 
Creditors: amounts falling due within one year
(64,407)
(63,331)
Net current liabilities
(48,733)
(53,178)
Total assets less current liabilities
140,434 
135,989 
Creditors: amounts falling due after more than one year
(134,447)
(134,446)
Net assets
5,987 
1,543 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,887 
1,443 
Shareholders' funds
5,987 
1,543 
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 director acknowledges his 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 and authorised for issue on 28 May 2025 and were signed on its behalf by
Sheraz Afzal Director Company Registration No. SC604285
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AFZAL LETTINGS LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
AFZAL LETTINGS LTD is a private company, limited by shares, registered in Scotland, registration number SC604285. The registered office is 74 DRUM BRAE PARK, EDINBURGH, EH12 8TF, 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 September 2023
189,167 
At 31 August 2024
189,167 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,042 
338 
Loans from directors
63,006 
62,694 
Accruals
359 
299 
64,407 
63,331 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
134,447 
134,446 
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AFZAL LETTINGS LTD Notes to the Accounts for the year ended 31 August 2024
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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