IRIS Accounts Production v25.1.0.734 10623124 director 29.2.24 28.2.25 28.2.25 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106231242024-02-28106231242025-02-28106231242024-02-292025-02-28106231242023-02-28106231242023-03-012024-02-28106231242024-02-2810623124ns15:EnglandWales2024-02-292025-02-2810623124ns14:PoundSterling2024-02-292025-02-2810623124ns10:Director12024-02-292025-02-2810623124ns10:PrivateLimitedCompanyLtd2024-02-292025-02-2810623124ns10:SmallEntities2024-02-292025-02-2810623124ns10:AuditExempt-NoAccountantsReport2024-02-292025-02-2810623124ns10:SmallCompaniesRegimeForDirectorsReport2024-02-292025-02-2810623124ns10:SmallCompaniesRegimeForAccounts2024-02-292025-02-2810623124ns10:FullAccounts2024-02-292025-02-2810623124ns10:OrdinaryShareClass12024-02-292025-02-2810623124ns10:OrdinaryShareClass22024-02-292025-02-2810623124ns10:RegisteredOffice2024-02-292025-02-2810623124ns5:CurrentFinancialInstruments2025-02-2810623124ns5:CurrentFinancialInstruments2024-02-2810623124ns5:ShareCapital2025-02-2810623124ns5:ShareCapital2024-02-2810623124ns5:RetainedEarningsAccumulatedLosses2025-02-2810623124ns5:RetainedEarningsAccumulatedLosses2024-02-2810623124ns5:LandBuildings2024-02-2810623124ns5:LeaseholdImprovements2024-02-2810623124ns5:ComputerEquipment2024-02-2810623124ns5:LandBuildings2024-02-292025-02-2810623124ns5:LeaseholdImprovements2024-02-292025-02-2810623124ns5:ComputerEquipment2024-02-292025-02-2810623124ns5:LandBuildings2025-02-2810623124ns5:LeaseholdImprovements2025-02-2810623124ns5:ComputerEquipment2025-02-2810623124ns5:LandBuildings2024-02-2810623124ns5:LeaseholdImprovements2024-02-2810623124ns5:ComputerEquipment2024-02-2810623124ns5:WithinOneYearns5:CurrentFinancialInstruments2025-02-2810623124ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2810623124ns10:OrdinaryShareClass12025-02-2810623124ns10:OrdinaryShareClass22025-02-28
REGISTERED NUMBER: 10623124 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

ALSAFA SERVICES LIMITED

ALSAFA SERVICES LIMITED (REGISTERED NUMBER: 10623124)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALSAFA SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2025







DIRECTOR: Mr S Farooq





REGISTERED OFFICE: 104 Wellington Road
Oldham
OL8 1RR





REGISTERED NUMBER: 10623124 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

ALSAFA SERVICES LIMITED (REGISTERED NUMBER: 10623124)

BALANCE SHEET
28 February 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 817,102 821,559

CURRENT ASSETS
Debtors 5 8,887 10,453
Cash at bank 43,915 55,352
52,802 65,805
CREDITORS
Amounts falling due within one year 6 870,517 880,148
NET CURRENT LIABILITIES (817,715 ) (814,343 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(613

)

7,216

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings (623 ) 7,206
SHAREHOLDERS' FUNDS (613 ) 7,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 July 2025 and were signed by:





Mr S Farooq - Director


ALSAFA SERVICES LIMITED (REGISTERED NUMBER: 10623124)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2025


1. STATUTORY INFORMATION

Alsafa Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10623124.The address of the registered office and the principal place of business is 104 Wellington Road, Oldham, United Kingdom, OL8 1RR.

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.

Changes in accounting policies
During the year to 28th February 2025, the company changed the method of depreciating its Car park resurfacing from 10% straight line basis to 5% straight line basis as this revised method better reflects the entities consumption of the Car park resurfacing over its useful life and is consistent with the entities replacement cycle.

The change in depreciation method is a change in accounting estimate and is accounted for in the period of change and in subsequent periods.

Turnover
Turnover represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of parking related activities.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets are charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Car park - resurfacing5% on cost
Computer equipment33% on cost

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

ALSAFA SERVICES LIMITED (REGISTERED NUMBER: 10623124)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2025


2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Car park Computer
property - resurfacing equipment Totals
£    £    £    £   
COST
At 29 February 2024
and 28 February 2025 777,000 89,116 1,458 867,574
DEPRECIATION
At 29 February 2024 - 44,558 1,457 46,015
Charge for year - 4,456 1 4,457
At 28 February 2025 - 49,014 1,458 50,472
NET BOOK VALUE
At 28 February 2025 777,000 40,102 - 817,102
At 28 February 2024 777,000 44,558 1 821,559

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 8,887 10,452
Other debtors - 1
8,887 10,453

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 14,739 20,875
Other creditors 855,778 859,273
870,517 880,148

ALSAFA SERVICES LIMITED (REGISTERED NUMBER: 10623124)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2025


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
9 Ordinary £1 9 9
1 Ordinary A £1 1 1
10 10

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £47,256 (2024: £42,000) were paid to the director and members of his close family.

The director has provided an unsecured interest free loan to the company during the year. At the reporting date the director was owed £853,240 (2024: £7,625)

During the year and company under common control was owed £Nil (2024: £850,00) by the company. The amount is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Farooq.