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REGISTERED NUMBER: 07944174 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SALHAN & COMPANY LIMITED

SALHAN & COMPANY LIMITED (REGISTERED NUMBER: 07944174)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SALHAN & COMPANY LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTORS: T Salhan
Mrs P Salhan





REGISTERED OFFICE: 16th Floor McLaren Building
46 The Priory Queensway
Birmingham
West Midlands
B4 7LR





REGISTERED NUMBER: 07944174 (England and Wales)





ACCOUNTANTS: Dafferns LLP
Chartered Accountants
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB

SALHAN & COMPANY LIMITED (REGISTERED NUMBER: 07944174)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,319 59,212

CURRENT ASSETS
Debtors 5 240,850 241,885
Cash at bank and in hand 513,768 464,495
754,618 706,380
CREDITORS
Amounts falling due within one year 6 152,983 281,757
NET CURRENT ASSETS 601,635 424,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

654,954

483,835

CREDITORS
Amounts falling due after more than one
year

7

63,333

158,333
NET ASSETS 591,621 325,502

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 591,321 325,202
SHAREHOLDERS' FUNDS 591,621 325,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SALHAN & COMPANY LIMITED (REGISTERED NUMBER: 07944174)

BALANCE SHEET - continued
30 September 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:





T Salhan - Director


SALHAN & COMPANY LIMITED (REGISTERED NUMBER: 07944174)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Salhan & Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% straight line
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

SALHAN & COMPANY LIMITED (REGISTERED NUMBER: 07944174)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 57,762 26,053 83,815
Additions 1,653 - 1,653
At 30 September 2024 59,415 26,053 85,468
DEPRECIATION
At 1 October 2023 5,776 18,827 24,603
Charge for year 5,942 1,604 7,546
At 30 September 2024 11,718 20,431 32,149
NET BOOK VALUE
At 30 September 2024 47,697 5,622 53,319
At 30 September 2023 51,986 7,226 59,212

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,069
Other debtors 240,850 240,816
240,850 241,885

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 95,000 186,640
Taxation and social security 31,634 40,531
Other creditors 26,349 54,586
152,983 281,757

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 63,333 158,333

SALHAN & COMPANY LIMITED (REGISTERED NUMBER: 07944174)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
T Salhan
Balance outstanding at start of year - -
Amounts advanced 32,019 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,019 -