| Registered Number:03588984 |
For the period ended 29 July 2024
England and Wales
Unaudited Financial Statements
For the period ended 29 July 2024
Faraj Consulting Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Faraj Consulting Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
60,000
48,078
2
60,000
48,078
1,500
3,000
3
| Trade and other receivables |
33,111
37,326
4
73,591
| Cash and cash equivalents |
48,977
89,303
108,202
| Trade and other payables: amounts falling due within one |
| year |
(36,576)
(17,624)
5
71,626
71,679
Net current assets
| Total assets less current liabilities |
131,679
119,704
| Trade and other payables: amounts falling due after more |
| than one year |
(11,438)
-
6
(436)
(444)
| Provisions for liabilities |
131,243
Net assets
107,822
3,000
3,000
128,243
104,822
131,243
107,822
Shareholders' funds
| For the period ended 29 July 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 of its financial statements for the period ended 29 July 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| S M Faraj Al-Nuaimi Director |
| These financial statements were approved and authorised for issue by the Board on 11 July 2025 and were signed by: |
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For the period ended 29 July 2024
Faraj Consulting Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
2 of 5
For the period ended 29 July 2024
Faraj Consulting Limited
Notes to the Financial Statements
Statutory Information
| Faraj Consulting Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 03588984. |
Faraj House
68 Mutley Plain
Plymouth
Devon
PL4 6LF
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Plant and Machinery
Computer Equipment
Motor Vehicles
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Timing differences arise from the inclusion of income and expenses in the 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. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its director and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the period ended 29 July 2024
Faraj Consulting Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor Vehicles
75,824
1,074
3,150
25,849
45,751
12,504
-
-
-
12,504
25,849
3,150
1,074
88,328
58,255
| Provision for depreciation and impairment |
27,746
1,074
1,379
25,293
-
Charge for period
582
-
443
139
-
28,328
1,074
1,822
25,432
-
58,255
417
1,328
-
60,000
45,751
556
1,771
-
48,078
2023
2024
3,000
1,500
| 4. Trade and other receivables |
2023
2024
6,208
4,969
31,118
28,142
33,111
37,326
| The debtors above include the following amounts falling due after more than one year: |
26,998
26,998
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For the period ended 29 July 2024
Faraj Consulting Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
-
5,968
| Taxation and social security |
16,624
13,162
1,000
17,446
17,624
36,576
Included within taxation and social security is corporation tax of £10,706 (2023: £4,591).
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
-
11,438
| 7. Related party transactions |
| Dividends of £20,000 were paid to the director in the year. |
| The company is under the effective control of its director. |
| 8. Directors advances and guarantees |
Loaned
Repaid
S M Faraj Al-Nuaimi
| Loan from the company to the director |
1,409
(12,646)
35,792
21,737
1,409
(12,646)
35,792
21,737
| 9. Average number of persons employed |
During the year the average number of employees was 5 (2023 : 4)
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