Sharif & Co (UK) Ltd - Filleted accounts

Registered number

04275549

Sharif & Co (UK) Ltd

Filleted Accounts

31 March 2025

Sharif & Co (UK) Ltd
Registered number:		04275549
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		28,000			28,000
Tangible assets	4		1,811			2,131
			29,811			30,131

Current assets
Debtors	5	4,860			13,200
Cash at bank and in hand		12,534			26,141
		17,394			39,341

Creditors: amounts falling due within one year	6	(15,324)			(34,268)

Net current assets			2,070			5,073

Total assets less current liabilities			31,881			35,204

Creditors: amounts falling due after more than one year	7		(6,108)			(11,207)



Net assets			25,773			23,997

Capital and reserves
Called up share capital			100			100
Profit and loss account			25,673			23,897

Shareholders' funds			25,773			23,997

The director is 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 director acknowledges his 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.




T M Sharif
Director
Approved by the board on 9 October 2025

Sharif & Co (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2025


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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Plant and machinery	15 % Reducing Balance Method


	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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		7		6


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 April 2024				28,000
	At 31 March 2025				28,000

	Amortisation
	At 31 March 2025				-

	Net book value
	At 31 March 2025				28,000
	At 31 March 2024				28,000


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				10,882
	At 31 March 2025				10,882

	Depreciation
	At 1 April 2024				8,751
	Charge for the year				320
	At 31 March 2025				9,071

	Net book value
	At 31 March 2025				1,811
	At 31 March 2024				2,131


5	Debtors		2025		2024
£				£

	Trade debtors		4,860		7,400
	Other debtors		-		5,800
			4,860		13,200


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		-		3,000
	Corporation tax		441		110
	Other taxes and social security costs		4,640		5,434
	Other creditors		10,243		25,724
			15,324		34,268


7	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		6,108		11,207


8	Other information

	Sharif & Co (UK) Ltd is a private company limited by shares and incorporated in England.