REGISTERED NUMBER: 05696058 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Sheikh Bros Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Ahmed

Mrs F Ahmed

Mr I Ahmed

Mrs S Ahmed

Mr M Zulfkar

Mrs S Zulfkar

SECRETARY:

REGISTERED OFFICE:

529/531 Coventry Road

Small Heath

Birmingham

West Midlands

B10 0LL

REGISTERED NUMBER:

05696058 (England and Wales)

ACCOUNTANTS:

M.F Khan & Co

375 Coventry Road

Smal Heath

Birmingham

West Midlands

B10 0SW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

155,131

170,426

155,131

170,426

CURRENT ASSETS

Stocks

190,453

126,480

Debtors

6

243,460

312,151

Cash at bank and in hand

73,021

46,037

506,934

484,668

CREDITORS

Amounts falling due within one year

7

571,014

548,710

NET CURRENT LIABILITIES

(64,080

)

(64,042

)

TOTAL ASSETS LESS CURRENT LIABILITIES

91,051

106,384

PROVISIONS FOR LIABILITIES

6,875

6,877

NET ASSETS

84,176

99,507

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

84,170

99,501

SHAREHOLDERS' FUNDS

84,176

99,507

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 4 December 2025 and were signed on its behalf by:

Mr I Ahmed - Director

1.	STATUTORY INFORMATION

Sheikh Bros Limited 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

Turnover 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 2006, is being amortised evenly over its estimated useful life of ten 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.

Plant & machinery - 25% reducing balance

Motor vehicles - 25% reducing balance

Stocks

Stocks 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2024 - 32 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

204,000

AMORTISATION

At 1 April 2024

and 31 March 2025

204,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

435,266

Additions

37,082

Disposals

(34,213

)

At 31 March 2025

438,135

DEPRECIATION

At 1 April 2024

264,840

Charge for year

51,711

Eliminated on disposal

(33,547

)

At 31 March 2025

283,004

NET BOOK VALUE

At 31 March 2025

155,131

At 31 March 2024

170,426

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

-

67,096

Other debtors

3,460

5,055

3,460

72,151

Amounts falling due after more than one year:

Other debtors

240,000

240,000

Aggregate amounts

243,460

312,151

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

7,149

7,098

Trade creditors

339,220

363,697

Taxation and social security

52,249

47,860

Other creditors

172,396

130,055

571,014

548,710

8.	RELATED PARTY DISCLOSURES

The business property is owned by the directors. Rent is charged at open market value. The transaction is at arms length. 2025 - £60000 (2024 - £60,000).