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Company Registration No. 07858343 (England and Wales)
MADINAH CARPETS LTD Unaudited accounts for the year ended 30 November 2024
MADINAH CARPETS LTD Unaudited accounts Contents
Page
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MADINAH CARPETS LTD Company Information for the year ended 30 November 2024
Director
Mian Hamza Yar
Company Number
07858343 (England and Wales)
Registered Office
235 BARKING ROAD LONDON E6 1LB
Accountants
SYED ARIF & CO (ACCOUNTANTS) 114 CRANBROOK ROAD ILFORD ESSEX IG1 4LZ
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MADINAH CARPETS LTD Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
(1,351)
(606)
Current assets
Inventories
13,800 
18,700 
Debtors
4,125 
7,136 
Cash at bank and in hand
(13,755)
16,084 
4,170 
41,920 
Creditors: amounts falling due within one year
(340,008)
(336,075)
Net current liabilities
(335,838)
(294,155)
Total assets less current liabilities
(337,189)
(294,761)
Creditors: amounts falling due after more than one year
2 
- 
Net liabilities
(337,187)
(294,761)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(337,287)
(294,861)
Shareholders' funds
(337,187)
(294,761)
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 June 2025 and were signed on its behalf by
Mian Hamza Yar Director Company Registration No. 07858343
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MADINAH CARPETS LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
MADINAH CARPETS LTD is a private company, limited by shares, registered in England and Wales, registration number 07858343. The registered office is 235 BARKING ROAD, LONDON, E6 1LB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortization.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 December 2023
2,000 
At 30 November 2024
2,000 
Amortisation
At 1 December 2023
2,000 
At 30 November 2024
2,000 
Net book value
At 30 November 2024
- 
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MADINAH CARPETS LTD Notes to the Accounts for the year ended 30 November 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
7,524 
(1,351)
6,173 
At 30 November 2024
7,524 
(1,351)
6,173 
Depreciation
At 1 December 2023
6,779 
- 
6,779 
Charge for the year
745 
- 
745 
At 30 November 2024
7,524 
- 
7,524 
Net book value
At 30 November 2024
- 
(1,351)
(1,351)
At 30 November 2023
745 
(1,351)
(606)
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,011 
Accrued income and prepayments
4,125 
4,125 
4,125 
7,136 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,485 
19,490 
VAT
1,855 
- 
Trade creditors
11,408 
6,816 
Taxes and social security
(232)
(212)
Other creditors
52,084 
46,573 
Loans from directors
263,408 
263,408 
340,008 
336,075 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
(2)
- 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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