Registered number
03640011
Ahmed Exotic Limited
Filleted Accounts
31 October 2024
Ahmed Exotic Limited
Registered number: 03640011
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 614,647 621,875
Current assets
Stocks 13,275 13,118
Debtors 4 780,268 766,690
Cash at bank and in hand 72,528 200,268
866,071 980,076
Creditors: amounts falling due within one year 5 (553,491) (592,526)
Net current assets 312,580 387,550
Total assets less current liabilities 927,227 1,009,425
Creditors: amounts falling due after more than one year 6 (16,917) (26,439)
Net assets 910,310 982,986
Capital and reserves
Called up share capital 14,800 14,800
Profit and loss account 895,510 968,186
Shareholders' funds 910,310 982,986
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Aziz Mohammed Patel
Director
Approved by the board on 22 July 2025
Ahmed Exotic Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings 2% straight line
Fixtures, fittings, tools and equipment 20% reducing balance
Motor vehicles 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Functional and presentation currency
The financial statements of the company are measured and presented in the currency of the primary economic environment in which the company operates, the functional currency. The financial statements are presented in Pound sterling (£), which is the company’s functional currency.
Employee benefits
Short-term employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Post-employment defined contribution plans
Amounts in respect of defined contributions plans are recognised as an expense as they are incurred.

Termination benefits
Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.
Going concern
The financial statements have been prepared on the basis that the company will receive continued financial support from bank and director and has adequate resources to continue in operational existence for the foreseeable future.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Fixtures, fittings, tools and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 659,623 119,972 120,966 900,561
At 31 October 2024 659,623 119,972 120,966 900,561
Depreciation
At 1 November 2023 - 168,171 110,515 278,686
Charge for the year - 5,137 2,091 7,228
At 31 October 2024 - 173,308 112,606 285,914
Net book value
At 31 October 2024 659,623 (53,336) 8,360 614,647
At 31 October 2023 659,623 (48,199) 10,451 621,875
4 Debtors 2024 2023
£ £
Trade debtors 770,794 656,814
Other debtors 9,474 109,876
780,268 766,690
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 462,523 534,959
Taxation and social security costs 90,968 57,565
Other creditors - 2
553,491 592,526
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 16,917 26,439
7 Controlling party
The directors do not consider there to be an ultimate controlling party.
8 Other information
Ahmed Exotic Limited is a private company limited by shares and incorporated in England. Its registered office is:
P52-P53a Western International
Market Hayes Road
Southall
Middlesex
UB2 5XJ
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