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Registered Number: 15226178
England and Wales

 

 

 

NAFAY LIVING LTD



Abridged Accounts
 


Period of accounts

Start date: 21 October 2023

End date: 31 October 2024
 
 
Notes
 
2024
£
Current assets    
Stocks 9,656 
Debtors 4,517 
Cash at bank and in hand 11,816 
25,989 
Creditors: amount falling due within one year (28,413)
Net current assets (2,424)
 
Total assets less current liabilities (2,424)
Net assets (2,424)
 

Capital and reserves
   
Called up share capital 3 1 
Profit and loss account (2,425)
Shareholders' funds (2,424)
 


For the period ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 21 July 2025 and were signed by:


-------------------------------
Aizid Moez Sher
Director
1
General Information
Nafay Living Ltd is a private company, limited by shares, registered in England and Wales, registration number 15226178, registration address 12 Larkhill Road, Cheadle Hulme Cheadle, England, SK8 5QU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 0.
3.

Share Capital

Allotted, called up and fully paid
2024
£
1 Class A share of £1.00 each

2