REGISTERED NUMBER: SC759123 (Scotland)

Unaudited Financial Statements

For The Period 29 February 2024 to 31 December 2024

for

Asian Business Chamber Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

O F Akram

J Ashraf

REGISTERED OFFICE:

Bellhaven South Carbrain Road

Cumbernauld

Glasgow

G67 2PL

REGISTERED NUMBER:

SC759123 (Scotland)

ACCOUNTANTS:

Ahmad & Nabi Mcmullan

95-107 Lancefield Street

Glasgow

Lanarkshire

G3 8HZ

FIXED ASSETS

Tangible assets

4

33,592

-

CURRENT ASSETS

Investments

5

10,117

-

Cash at bank

36,019

26,249

46,136

26,249

CREDITORS

Amounts falling due within one year

6

52,340

23,897

NET CURRENT (LIABILITIES)/ASSETS

(6,204

)

2,352

TOTAL ASSETS LESS CURRENT LIABILITIES

27,388

2,352

RESERVES

Income and expenditure account

7

27,388

2,352

27,388

2,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

O F Akram - Director

1.	STATUTORY INFORMATION

Asian Business Chamber Ltd is a private company, limited by guarantee , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

33,592

At 31 December 2024

33,592

NET BOOK VALUE

At 31 December 2024

33,592

5.	CURRENT ASSET INVESTMENTS

31.12.24

28.2.24

£

£

Unlisted investments

10,117

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

28.2.24

£

£

Tax

5,101

587

Other creditors

15,842

-

Directors' loan accounts

30,137

21,990

Accrued expenses

1,260

1,320

52,340

23,897

7.

RESERVES

Income

and

expenditure

account

£

At 29 February 2024

2,352

Surplus for the period

25,036

At 31 December 2024

27,388