REGISTERED NUMBER: 14222996 (England and Wales)

Financial Statements for the Year Ended 31st July 2025

for

Buraaq Foods Ltd

Trading as

WATAN FOODS

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Zeb

A Zeb

SECRETARY:

REGISTERED OFFICE:

12-16 Bury Old Road

Manchester

Greater Manchester

M8 9JN

REGISTERED NUMBER:

14222996 (England and Wales)

ACCOUNTANT:

A K & Co Accountants

732 Walsall Road

Great Barr

Birmingham

West Midlands

B42 1EX

FIXED ASSETS

Intangible assets

4

290,000

290,000

Property, plant and equipment

5

411,913

105,921

701,913

395,921

CURRENT ASSETS

Inventories

6

195,162

6,742

Debtors

7

5,301

12,809

Cash at bank and in hand

3,698

13,606

204,161

33,157

CREDITORS

Amounts falling due within one year

8

182,757

18,544

NET CURRENT ASSETS

21,404

14,613

TOTAL ASSETS LESS CURRENT LIABILITIES

723,317

410,534

CREDITORS

Amounts falling due after more than one year

9

733,566

396,311

NET (LIABILITIES)/ASSETS

(10,249

)

14,223

CAPITAL AND RESERVES

Called up share capital

11

300

300

Retained earnings

12

(10,549

)

13,923

SHAREHOLDERS' FUNDS

(10,249

)

14,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2025 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 profit or loss 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 10th October 2025 and were signed on its behalf by:

A Zeb - Director

1.	STATUTORY INFORMATION

Buraaq Foods Ltd is a private company, limited by shares , registered in England and Wales. 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

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Good will at 10% pa on a flat rates

Fixtures and fittings 15%pa on a reducing balance

Motor vehicle 25& pa on a reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st August 2024

and 31st July 2025

290,000

NET BOOK VALUE

At 31st July 2025

290,000

At 31st July 2024

290,000

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Long

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1st August 2024

20,876

95,641

5,000

121,517

Additions

-

358,171

15,000

373,171

At 31st July 2025

20,876

453,812

20,000

494,688

DEPRECIATION

At 1st August 2024

-

14,346

1,250

15,596

Charge for year

-

62,492

4,687

67,179

At 31st July 2025

-

76,838

5,937

82,775

NET BOOK VALUE

At 31st July 2025

20,876

376,974

14,063

411,913

At 31st July 2024

20,876

81,295

3,750

105,921

6.	INVENTORIES

31.7.25

31.7.24

£

£

Stocks

195,162

6,742

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

VAT repayment due

5,301

12,809

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts (see note 10)

58,048

-

Trade creditors

124,560

15,516

Social security and other taxes

149

28

Accrued expenses

-

3,000

182,757

18,544

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Other loans (see note 10)

733,566

396,311

10.

LOANS

An analysis of the maturity of loans is given below:

31.7.25

31.7.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

58,048

-

Amounts falling due between one and two years:

Other loans - 1-2 years

295,542

-

Amounts falling due between two and five years:

Other loans - 2-5 years

262,510

228,913

Directors loan account

175,514

167,398

438,024

396,311

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

300

ordinary share capital

£1

300

300

300 ordinary share capital shares of £1 each were allotted and fully paid for cash at par during the year.

12.

RESERVES

Retained

earnings

£

At 1st August 2024

13,923

Deficit for the year

(24,472

)

At 31st July 2025

(10,549

)