ASSHIFA LTD - Accounts

ASSHIFA LTD
Contents Page
For the year ended 31 July 2024

Company information	1
Statement of financial position	2

ASSHIFA LTD
Company Information
For the year ended 31 July 2024

Director	Said Ahmad Auhammud
Registered Number	13500842
Registered Office	27 Gassiot Road London SW17 8LB
Accountants	ASK ACCOUNTANTS UK LIMITED 178 Merton High Street London SW19 1AY

1

ASSHIFA LTD
Statement of Financial Position
As at 31 July 2024

	2024		2023
	£	£	£	£
Fixed assets		201,319		201,319
Current assets	187,655		181,245
Creditors: amount falling due within one year	(191,351)		(248,006)
Net current assets		(3,696)		(66,761)
Total assets less current liabilities		197,623		134,558
Provisions for liabilities		-		(158)
Accruals and deferred income		(3,500)		(39,762)
Net assets		194,123		94,638


Capital and reserves		194,123		94,638

NOTES TO THE ACCOUNTS

General Information

ASSHIFA LTD is a private company, limited by shares, registered in England and Wales, registration number 13500842, registration address 27 Gassiot Road, London, SW17 8LB.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 – 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.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.

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.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 2 (2023 : 0).

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

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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 accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 19 June 2025 and were signed by:

--------------------------------
Said Ahmad Auhammud
Director

2

Registered Number: 13500842
England and Wales
ASSHIFA LTD

Unaudited Financial Statements

Period of accounts Start date: 01 August 2023 End date: 31 July 2024