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REGISTERED NUMBER: 05631093 (England and Wales)











Unaudited Financial Statements for the Year Ended 30 November 2024

for

Shahram Moallemi & Co Limited

Shahram Moallemi & Co Limited (Registered number: 05631093)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shahram Moallemi & Co Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr S Moallemi
Mr A S Moallemi





REGISTERED OFFICE: ASM House
103A Keymer Road
Hassocks
West Sussex
BN6 8QL





REGISTERED NUMBER: 05631093 (England and Wales)

Shahram Moallemi & Co Limited (Registered number: 05631093)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,086,224 1,086,224
Tangible assets 5 235,836 235,836
1,322,060 1,322,060

CURRENT ASSETS
Stocks 6 - (2,000 )
Debtors 7 734,843 323,597
Cash at bank 642 69,374
735,485 390,971
CREDITORS
Amounts falling due within one year 8 520,352 490,615
NET CURRENT ASSETS/(LIABILITIES) 215,133 (99,644 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,537,193

1,222,416

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 9 1,536,993 1,222,216
SHAREHOLDERS' FUNDS 1,537,193 1,222,416

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Shahram Moallemi & Co Limited (Registered number: 05631093)

Balance Sheet - continued
30 November 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 14 July 2025 and were signed on its behalf by:





Mr S Moallemi - Director


Shahram Moallemi & Co Limited (Registered number: 05631093)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Shahram Moallemi & Co 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Long term contracts are stated at net cost less foreseeable losses less any applicable payments on account. The amount recorded as turnover in respect of long term contracts is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded turnover and related costs.

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.


Shahram Moallemi & Co Limited (Registered number: 05631093)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
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.

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 17 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 1,086,224
NET BOOK VALUE
At 30 November 2024 1,086,224
At 30 November 2023 1,086,224

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 336,491
DEPRECIATION
At 1 December 2023
and 30 November 2024 100,655
NET BOOK VALUE
At 30 November 2024 235,836
At 30 November 2023 235,836

Shahram Moallemi & Co Limited (Registered number: 05631093)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. STOCKS
30.11.24 30.11.23
£    £   

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 224,813 159,017
Other debtors 510,030 164,580
734,843 323,597

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 249,631 295,766
Provision for bad debts 35,000 -
Trade creditors 3,852 4,521
Taxation and social security 189,169 129,846
Other creditors 42,700 60,482
520,352 490,615

9. RESERVES
Retained
earnings
£   

At 1 December 2023 1,222,216
Profit for the year 576,275
Dividends (261,498 )
At 30 November 2024 1,536,993