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Registered number: 6946880
BORNA TRADING LTD
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Statement of Changes in Equity 4
Notes to the Financial Statements 5—7
Page 1
Accountants' Report
Report of the Accountant to the director of BORNA TRADING LTD
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 July 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
ZA Ltd
26/07/2025
Page 1
Page 2
Balance Sheet
Registered number: 6946880
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,677 1,677
17,677 1,677
CURRENT ASSETS
Stocks 5 32,115 33,446
Debtors 6 11,199 3,471
Cash at bank and in hand 62,211 81,734
105,525 118,651
Creditors: Amounts Falling Due Within One Year 7 (48,915 ) (59,232 )
NET CURRENT ASSETS (LIABILITIES) 56,610 59,419
TOTAL ASSETS LESS CURRENT LIABILITIES 74,287 61,096
Creditors: Amounts Falling Due After More Than One Year 8 (58,776 ) (44,844 )
NET ASSETS 15,511 16,252
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 15,510 16,251
SHAREHOLDERS' FUNDS 15,511 16,252
Page 2
Page 3
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alireza Vahedi
Director
26/07/2025
The notes on pages 5 to 7 form part of these financial statements.
Page 3
Page 4
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 August 2022 1 26,733 26,734
Profit for the year and total comprehensive income - 4,518 4,518
Dividends paid - (15,000) (15,000)
As at 31 July 2023 and 1 August 2023 1 16,251 16,252
Profit for the year and total comprehensive income - 16,759 16,759
Dividends paid - (17,500) (17,500)
As at 31 July 2024 1 15,510 15,511
Page 4
Page 5
Notes to the Financial Statements
1. General Information
BORNA TRADING LTD is a private company, limited by shares, incorporated in England & Wales, registered number 6946880 . The registered office is 86-90 Paul Street, London, EC2A 4NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
Page 5
Page 6
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 35,104 3,168 38,272
Additions 21,892 - 21,892
As at 31 July 2024 56,996 3,168 60,164
Depreciation
As at 1 August 2023 33,622 2,973 36,595
Provided during the period 5,843 49 5,892
As at 31 July 2024 39,465 3,022 42,487
Net Book Value
As at 31 July 2024 17,531 146 17,677
As at 1 August 2023 1,482 195 1,677
5. Stocks
2024 2023
£ £
Materials 32,115 33,446
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,021 3,021
Other debtors 4,178 450
11,199 3,471
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 48,226 40,159
Corporation tax 179 1,207
Accruals 510 2,866
Director's loan account - 15,000
48,915 59,232
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 41,842 44,844
Car Finance 16,934 -
58,776 44,844
Page 6
Page 7
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 17,500 15,000
Page 7