Registered number
10864702
Hmiraftab Limited
Filleted Accounts
31 July 2024
Hmiraftab Limited
Registered number: 10864702
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 822,450 822,450
Tangible assets 4 106,303 59,724
928,753 882,174
Current assets
Debtors 5 15,979 62,151
Cash at bank and in hand 77,620 17,433
93,599 79,584
Creditors: amounts falling due within one year 6 (185,438) (109,572)
Net current liabilities (91,839) (29,988)
Total assets less current liabilities 836,914 852,186
Creditors: amounts falling due after more than one year 7 (416,958) (440,939)
Provisions for liabilities - (2,257)
Net assets 419,956 408,990
Capital and reserves
Called up share capital 1 1
Profit and loss account 419,955 408,989
Shareholder's funds 419,956 408,990
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Director's responsibilities
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Hanna Kinsella
Director
Approved by the board on 11 June 2025
Hmiraftab Limited
Notes to the Accounts
for the period from 1 April 2023 to 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 18% reducing balance
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 16 14
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 822,450
At 31 July 2024 822,450
Amortisation
At 31 July 2024 -
Net book value
At 31 July 2024 822,450
At 31 March 2023 822,450
Goodwill is not being written off.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 133,250 - 133,250
Additions - 80,149 80,149
At 31 July 2024 133,250 80,149 213,399
Depreciation
At 1 April 2023 73,526 - 73,526
Charge for the period 14,334 19,236 33,570
At 31 July 2024 87,860 19,236 107,096
Net book value
At 31 July 2024 45,390 60,913 106,303
At 31 March 2023 59,724 - 59,724
5 Debtors 2024 2023
£ £
Trade debtors - 6,544
Deferred tax asset 13,890 -
Other debtors 2,089 55,607
15,979 62,151
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 66,255 67,740
Taxation and social security costs 42,559 40,557
Other creditors 76,624 1,275
185,438 109,572
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 416,958 440,939
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 151,938 384,563
Secured bank loans 483,213 508,679
9 Related party transactions
The director, Dr Hanna Miraftab, received remuneration of £16,865 (2023 - £9,096) and dividends of £110,000 (2023 - £117,500).
10 Controlling party
The company is under the control of the director, Dr Hanna Miraftab.
11 Other information
Hmiraftab Limited is a private company limited by shares and incorporated in England. Its registered office is:
16 Kiln Lane
Dentons Green
St. Helens
WA10 6AD
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