Company Registration No. 15170739 (England and Wales)
Hakim And Shaikh Holdings Limited
Unaudited accounts
for the year ended 31 March 2025
Hakim And Shaikh Holdings Limited
Unaudited accounts
Contents
Hakim And Shaikh Holdings Limited
Company Information
for the year ended 31 March 2025
Directors
M R HAKIM
A A SHAIKH
Company Number
15170739 (England and Wales)
Registered Office
24 The Avenue
Tunbridge Wells
Kent
TN2 3FL
England
Hakim And Shaikh Holdings Limited
Statement of financial position
as at 31 March 2025
Intangible assets
92,917
97,917
Tangible assets
340,463
344,463
Cash at bank and in hand
9,676
752
Creditors: amounts falling due within one year
(326,686)
(295,068)
Net current liabilities
(291,910)
(269,216)
Total assets less current liabilities
141,470
173,164
Creditors: amounts falling due after more than one year
(164,207)
(189,054)
Net liabilities
(22,737)
(15,890)
Called up share capital
100
100
Profit and loss account
(22,837)
(15,990)
Shareholders' funds
(22,737)
(15,890)
For the year ending 31 March 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 1 November 2025 and were signed on its behalf by
M R HAKIM
Director
Company Registration No. 15170739
Hakim And Shaikh Holdings Limited
Notes to the Accounts
for the year ended 31 March 2025
Hakim And Shaikh Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 15170739. The registered office is 24 The Avenue, Tunbridge Wells, Kent, TN2 3FL, England.
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
These financial statements have been prepared on a going concern basis which assumes that the company is able to realise its assets and discharge its liabilities in the normal course of the business. The directors have assessed that Covid-19 has not had a material impact on the ability of the company to continue as a going concern. Thus, they have continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make, judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Turnover is measured at fair value of consideration received or receivable for services rendered, net of discounts and Value
Added Tax.
Revenue from sale of services is recognised when the significant risk & rewards of ownership have transferred to the buyer; the amount of revenue can be measured reliably; it is probable that the associated economic benefit will flow to the entity; and the cost incurred or to be incurred in respect of the transactions can be measured reliably.
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:
Land & buildings
No depreciation
Plant & machinery
20% on straight line
Fixtures & fittings
20% on straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Over 5 years on straight line method
Hakim And Shaikh Holdings Limited
Notes to the Accounts
for the year ended 31 March 2025
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as eitherfinancial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
4
Intangible fixed assets
Goodwill
Hakim And Shaikh Holdings Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
325,880
5,000
15,000
345,880
At 31 March 2025
325,880
5,000
15,000
345,880
At 1 April 2024
-
167
1,250
1,417
Charge for the year
-
1,000
3,000
4,000
At 31 March 2025
-
1,167
4,250
5,417
At 31 March 2025
325,880
3,833
10,750
340,463
At 31 March 2024
325,880
4,833
13,750
344,463
Amounts falling due within one year
Other debtors
25,100
25,100
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
24,847
24,557
Other creditors
292,797
263,059
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
164,207
189,054
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The company operates pension schemes for the benefit of the employees. The cost charged to the profit and loss account
represents contributions payable by the company to the fund and amounted to £633 (2024: £49). Contributions totaling
£125 (2024: £115) were payable to the fund at the balance sheet date.
11
Transactions with related parties
They Company discloses transactions with related parties which are not wholly owned with the same group. It does not disclose transactions with members of the same group that are wholly owned, in accordance with Section 33 of FRS 102.
Hakim And Shaikh Holdings Limited
Notes to the Accounts
for the year ended 31 March 2025
12
Average number of employees
During the year the average number of employees was 2 (2024: 2).