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Company Registration No. 11014432 (England and Wales)
SHAFI ASSOCIATES LTD Unaudited accounts for the year ended 31 October 2024
SHAFI ASSOCIATES LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SHAFI ASSOCIATES LTD Company Information for the year ended 31 October 2024
Director
Md Safiullah Tapader
Company Number
11014432 (England and Wales)
Registered Office
35 SCHOOL WALK OLD TRAFFORD MANCHESTER M16 7GD UNITED KINGDOM
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SHAFI ASSOCIATES LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
8,874 
10,582 
Investments
5
16,500 
16,500 
25,374 
27,082 
Current assets
Debtors
6
5,775 
10,994 
Cash at bank and in hand
4,969 
13,696 
10,744 
24,690 
Creditors: amounts falling due within one year
7
(11,055)
(6,921)
Net current (liabilities)/assets
(311)
17,769 
Total assets less current liabilities
25,063 
44,851 
Creditors: amounts falling due after more than one year
8
(8,464)
(10,259)
Net assets
16,599 
34,592 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
16,499 
34,492 
Shareholders' funds
16,599 
34,592 
For the year ending 31 October 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 6 October 2025 and were signed on its behalf by
Md Safiullah Tapader Director Company Registration No. 11014432
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SHAFI ASSOCIATES LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
SHAFI ASSOCIATES LTD is a private company, limited by shares, registered in England and Wales, registration number 11014432. The registered office is 35 SCHOOL WALK, OLD TRAFFORD, MANCHESTER, M16 7GD, UNITED KINGDOM.
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:
Fixtures & fittings
15% per annum on the basis of reducing balance
Computer equipment
20% per annum on the basis of reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
14,332 
4,255 
18,587 
At 31 October 2024
14,332 
4,255 
18,587 
Depreciation
At 1 November 2023
6,169 
1,836 
8,005 
Charge for the year
1,224 
484 
1,708 
At 31 October 2024
7,393 
2,320 
9,713 
Net book value
At 31 October 2024
6,939 
1,935 
8,874 
At 31 October 2023
8,163 
2,419 
10,582 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 November 2023
16,500 
Valuation at 31 October 2024
16,500 
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SHAFI ASSOCIATES LTD Notes to the Accounts for the year ended 31 October 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,570 
1,570 
Accrued income and prepayments
4,205 
4,205 
Other debtors
- 
5,219 
5,775 
10,994 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,356 
4,107 
Taxes and social security
5,003 
2,342 
Other creditors
671 
472 
Loans from directors
25 
- 
11,055 
6,921 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,464 
10,259 
9
Average number of employees
During the year the average number of employees was 4 (2023: 5).
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