2023-07-31 03588984 2024-07-29 03588984 2023-07-31 2024-07-29 03588984 2023-07-30 03588984 2022-08-01 2023-07-30 03588984 uk-core:WithinOneYear 2023-07-30 03588984 uk-core:WithinOneYear 2024-07-29 03588984 uk-core:AfterOneYear 2023-07-30 03588984 uk-core:AfterOneYear 2024-07-29 03588984 uk-core:ShareCapital 2024-07-29 03588984 uk-core:ShareCapital 2023-07-30 03588984 uk-core:RetainedEarningsAccumulatedLosses 2024-07-29 03588984 uk-core:RetainedEarningsAccumulatedLosses 2023-07-30 03588984 uk-bus:Director1 2023-07-31 2024-07-29 03588984 uk-core:Buildings 2023-07-31 2024-07-29 03588984 uk-core:PlantMachinery 2023-07-31 2024-07-29 03588984 uk-core:ComputerEquipment 2023-07-31 2024-07-29 03588984 uk-core:MotorVehicles 2023-07-31 2024-07-29 03588984 uk-core:ComputerEquipment 2023-07-30 03588984 uk-core:MotorVehicles 2023-07-30 03588984 uk-core:PlantMachinery 2023-07-30 03588984 uk-core:Buildings 2023-07-30 03588984 uk-core:PlantMachinery 2024-07-29 03588984 uk-core:MotorVehicles 2024-07-29 03588984 uk-core:ComputerEquipment 2024-07-29 03588984 uk-core:Buildings 2024-07-29 03588984 uk-core:WithinOneYear 2024-07-29 03588984 uk-core:WithinOneYear 2023-07-30 03588984 uk-core:WithinOneYear 2023-07-31 2024-07-29 03588984 uk-core:AfterOneYear uk-core:Secured 2024-07-29 03588984 uk-core:AfterOneYear uk-core:Secured 2023-07-30 03588984 2 uk-bus:Director1 2023-07-31 2024-07-29 03588984 2 uk-bus:Director1 2024-07-29 03588984 2 uk-bus:Director1 2023-07-30 iso4217:GBP xbrli:pure 03588984 uk-bus:AuditExemptWithAccountantsReport 2023-07-31 2024-07-29 03588984 uk-bus:FRS102 2023-07-31 2024-07-29 03588984 uk-bus:FilletedAccounts 2023-07-31 2024-07-29 03588984 uk-bus:PrivateLimitedCompanyLtd 2023-07-31 2024-07-29
Faraj Consulting Limited
Registered Number:03588984
For the period ended 29 July 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
03588984
As at 29 July 2024
Faraj Consulting Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
60,000
48,078
2
60,000
48,078
Current assets
Inventories
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
Capital and reserves
Called up share capital
3,000
3,000
Retained earnings
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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4
Registered Number :
03588984
For the period ended 29 July 2024
Faraj Consulting Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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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.
Registered address:
Faraj House
68 Mutley Plain
Plymouth
Devon
PL4 6LF
The presentation currency is £ sterling.
1. Accounting policies
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
0% Reducing balance
Plant and Machinery
25% Reducing balance
3 Years Straight line
Computer Equipment
25% Reducing balance
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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6
For the period ended 29 July 2024
Faraj Consulting Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 31 July 2023
75,824
1,074
3,150
25,849
45,751
12,504
-
-
-
12,504
Additions
At 29 July 2024
25,849
3,150
1,074
88,328
58,255
Provision for depreciation and impairment
At 31 July 2023
27,746
1,074
1,379
25,293
-
Charge for period
582
-
443
139
-
At 29 July 2024
28,328
1,074
1,822
25,432
-
At 29 July 2024
Net book value
58,255
417
1,328
-
60,000
At 30 July 2023
45,751
556
1,771
-
48,078
3. Inventories
2023
2024
£
£
Stocks
3,000
1,500
4. Trade and other receivables
2023
2024
£
£
Trade debtors
6,208
4,969
Other debtors
31,118
28,142
33,111
37,326
The debtors above include the following amounts falling due after more than one year:
Other debtors
26,998
26,998
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7
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
£
£
Bank loans and overdraft
-
5,968
Taxation and social security
16,624
13,162
Other creditors
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
£
£
Bank loans and overdraft
-
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
At 31/07/2023
Loaned
Repaid
At 29/07/2024
£
£
£
£
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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