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REGISTERED NUMBER: 04279687 (England and Wales)















Audited Financial Statements for the Year Ended 31 December 2024

for

Arabian Oud Company Limited

Arabian Oud Company Limited (Registered number: 04279687)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Arabian Oud Company Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr S A Almutawa





SECRETARY: Mr R Bou Nader





REGISTERED OFFICE: 435-437 Oxford Street
London
W1C 2PL





REGISTERED NUMBER: 04279687 (England and Wales)





AUDITORS: Merali's
Chartered Accountants & Statutory Auditors
Scottish Provident House
76-80 College Road
Harrow
Middlesex
HA1 1BQ

Arabian Oud Company Limited (Registered number: 04279687)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 10,707 19,180
Tangible assets 5 602,500 430,923
613,207 450,103

CURRENT ASSETS
Stocks 6 411,079 300,185
Debtors 7 655,122 581,745
Cash at bank and in hand 600,419 511,264
1,666,620 1,393,194
CREDITORS
Amounts falling due within one year 8 (2,395,254 ) (1,996,517 )
NET CURRENT LIABILITIES (728,634 ) (603,323 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(115,427

)

(153,220

)

PROVISIONS FOR LIABILITIES 10 (63,509 ) (27,180 )
NET LIABILITIES (178,936 ) (180,400 )

CAPITAL AND RESERVES
Called up share capital 11 250,000 250,000
Retained earnings (428,936 ) (430,400 )
SHAREHOLDERS' FUNDS (178,936 ) (180,400 )

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 director and authorised for issue on 27 May 2025 and were signed by:





Mr S A Almutawa - Director


Arabian Oud Company Limited (Registered number: 04279687)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Arabian Oud 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 the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
The main revenue represent the sales as per the daily till reports, excluding value added tax.

The company's policy is to recognise a sale when substantively all the risks and rewards in connection with the goods have been passed to the buyer.

Online sales represents net invoiced sales of goods, excluding value added tax.

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.

Website Development & Software are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Leasehold Improvement - 10% on cost and Over the useful life of individual lease
Branch Under Construction - 0 % on cost
Tool and Instruments - 20% on cost
Furniture & Office Equipments - 10% on cost
Air Conditions - 10% on cost
Computers - 20% on cost

Tangible fixed assets are stated at cost less accumulated depreciation.

Stocks
Stocks are valued at the lower of cost or net realisable value, after making due allowance for obsolete and slow moving items. Cost is calculated using the first in first out basis of valuation. Net realisable value is based on the price at which the stock is sold or is expected to be sold after the year end.

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.

Arabian Oud Company Limited (Registered number: 04279687)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern
The director has considered the negative current assets position at year end. However the director has formed a judgement at the time of approving the financial statements that there is a reasonable expectation that the group has adequate resources to support the company and enable it to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Website
Development
& Software
£   
COST
At 1 January 2024 55,060
Disposals (5,488 )
At 31 December 2024 49,572
AMORTISATION
At 1 January 2024 35,880
Amortisation for year 2,985
At 31 December 2024 38,865
NET BOOK VALUE
At 31 December 2024 10,707
At 31 December 2023 19,180

Arabian Oud Company Limited (Registered number: 04279687)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Branch
Leasehold Under Tool and
Improvement Construction Instruments
£    £    £   
COST
At 1 January 2024 1,576,805 - 10,741
Additions - 199,374 13,607
At 31 December 2024 1,576,805 199,374 24,348
DEPRECIATION
At 1 January 2024 1,180,317 - 6,821
Charge for year 90,161 - 2,103
At 31 December 2024 1,270,478 - 8,924
NET BOOK VALUE
At 31 December 2024 306,327 199,374 15,424
At 31 December 2023 396,488 - 3,920

Furniture
& Office Air
Equipments Conditions Computers Totals
£    £    £    £   
COST
At 1 January 2024 50,308 10,083 187,461 1,835,398
Additions 58,374 - 2,056 273,411
At 31 December 2024 108,682 10,083 189,517 2,108,809
DEPRECIATION
At 1 January 2024 35,393 9,819 172,125 1,404,475
Charge for year 4,195 132 5,243 101,834
At 31 December 2024 39,588 9,951 177,368 1,506,309
NET BOOK VALUE
At 31 December 2024 69,094 132 12,149 602,500
At 31 December 2023 14,915 264 15,336 430,923

6. STOCKS
2024 2023
£    £   
Finished goods 411,079 300,185

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 57,530 100,339
Rent deposit 306,074 237,134
Prepayments 291,518 244,272
655,122 581,745

Arabian Oud Company Limited (Registered number: 04279687)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors- posting account 102,373 94,180
Amounts owed to group undertakings 2,039,249 1,654,363
PAYE control account 31,358 27,572
VAT 81,887 120,723
Wages and Salaries control 95,531 76,089
NEST pension liability 2,834 2,595
Lloyds TSB Credit Card 820 1,988
Accrued expenses 41,202 19,007
2,395,254 1,996,517

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,006,325 909,518
Between one and five years 3,420,372 2,857,224
In more than five years 907,387 1,684,777
5,334,084 5,451,519

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 49,634 68,396
Deferred tax - (41,216 )
49,634 27,180

Other provisions
Provision for deferred rent 13,875 -

Aggregate amounts 63,509 27,180

Deferred
tax
£   
Balance at 1 January 2024 27,180
Provided during year 22,454
Balance at 31 December 2024 49,634

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
250,000 Ordinary shares £1 250,000 250,000

Arabian Oud Company Limited (Registered number: 04279687)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

MPK Merali (Senior Statutory Auditor)
For and on behalf of Merali's

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A.Z.J. ALJASSER based in Saudi Arabia.