ALQASAM & CO. LIMITED - Filleted accounts

Registered number

SC430469

ALQASAM & CO. LIMITED

Filleted Accounts

31 August 2025

ALQASAM & CO. LIMITED
Registered number:		SC430469
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		36,233			36,233
Tangible assets	4		17,897			19,885
			54,130			56,118

Current assets
Stocks		27,240			30,285
Debtors	5	1,585			50
Cash at bank and in hand		31,666			11,385
		60,491			41,720

Creditors: amounts falling due within one year	6	(53,789)			(37,364)

Net current assets			6,702			4,356

Total assets less current liabilities			60,832			60,474

Creditors: amounts falling due after more than one year	7		(10,143)			(17,500)

Provisions for liabilities			-			-


Net assets			50,689			42,974

Capital and reserves
Called up share capital			100			100
Share premium			-			-
Profit and loss account			50,589			42,874

Shareholders' funds			50,689			42,974

The directors are 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 directors acknowledge their 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.




RASHIA YASIN
Director
Approved by the board on 12 January 2026

ALQASAM & CO. LIMITED
Notes to the Accounts
for the year ended 31 August 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost.

	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 at 10% reducing balance.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	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			4		6


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 September 2024					36,233
	Additions					-
	Disposals					-
	At 31 August 2025					36,233

	Amortisation
	At 1 September 2024					-
	Provided during the year					-
	On disposals					-
	At 31 August 2025					-

	Net book value
	At 31 August 2025					36,233
	At 31 August 2024					36,233



4	Tangible fixed assets
		Fixtures & Fittings		Motor vehicles		Total
£			£		£
	Cost
	At 1 September 2024	12,914		23,387		36,301
	Additions	-		-		-
	Surplus on revaluation	-		-		-
	Disposals	-		-		-
	At 31 August 2025	12,914		23,387		36,301

	Depreciation
	At 1 September 2024	8,373		8,043		16,416
	Charge for the year	454		1,534		1,988
	Surplus on revaluation	-		-		-
	On disposals	-		-		-
	At 31 August 2025	8,827		9,577		18,404

	Net book value
	At 31 August 2025	4,087		13,810		17,897
	At 31 August 2024	4,541		15,344		19,885





5	Debtors			2025		2024
£					£

	Other debtors			1,585		50
				1,585		50

	Amounts due after more than one year included above			-		-



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

	Trade creditors			21,855		4,218
	Accruals			2,714		1,350
	Taxation and social security costs			5,843		5,441
	Other creditors			23,377		26,355
				53,789		37,364


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

	Bank loans			10,143		17,500
	Other creditors			-		-
				10,143		17,500



8	Other information

	ALQASAM & CO. LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
	162 DARNLEY STREET

	GLASGOW

	G41 2LL