Saleem Ahmed Carriages Ltd 10546539 false 2025-02-01 2026-01-31 2026-01-31 The principal activity of the company is that of taxi operations. Digita Accounts Production Advanced 6.30.9574.0 true true 10546539 2025-02-01 2026-01-31 10546539 2026-01-31 10546539 bus:OrdinaryShareClass1 2026-01-31 10546539 core:HirePurchaseContracts core:CurrentFinancialInstruments 2026-01-31 10546539 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2026-01-31 10546539 core:CurrentFinancialInstruments 2026-01-31 10546539 core:CurrentFinancialInstruments core:WithinOneYear 2026-01-31 10546539 core:Non-currentFinancialInstruments core:AfterOneYear 2026-01-31 10546539 core:FurnitureFittingsToolsEquipment 2026-01-31 10546539 core:MotorVehicles 2026-01-31 10546539 bus:SmallEntities 2025-02-01 2026-01-31 10546539 bus:AuditExemptWithAccountantsReport 2025-02-01 2026-01-31 10546539 bus:FilletedAccounts 2025-02-01 2026-01-31 10546539 bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 10546539 bus:RegisteredOffice 2025-02-01 2026-01-31 10546539 bus:Director1 2025-02-01 2026-01-31 10546539 bus:Director2 2025-02-01 2026-01-31 10546539 bus:OrdinaryShareClass1 2025-02-01 2026-01-31 10546539 bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 10546539 bus:Agent1 2025-02-01 2026-01-31 10546539 core:FurnitureFittingsToolsEquipment 2025-02-01 2026-01-31 10546539 core:MotorVehicles 2025-02-01 2026-01-31 10546539 core:VehiclesPlantMachinery 2025-02-01 2026-01-31 10546539 countries:EnglandWales 2025-02-01 2026-01-31 10546539 2025-01-31 10546539 core:FurnitureFittingsToolsEquipment 2025-01-31 10546539 core:MotorVehicles 2025-01-31 10546539 2024-02-01 2025-01-31 10546539 2025-01-31 10546539 bus:OrdinaryShareClass1 2025-01-31 10546539 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-01-31 10546539 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-01-31 10546539 core:CurrentFinancialInstruments 2025-01-31 10546539 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 10546539 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 10546539 core:FurnitureFittingsToolsEquipment 2025-01-31 10546539 core:MotorVehicles 2025-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10546539

Saleem Ahmed Carriages Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2026

Saleem Ahmed Carriages Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Saleem Ahmed Carriages Ltd

Company Information

Directors | Mr Saleem Ahmed Mrs Maroua Lebbadi

Registered office | 2 Bath Place Peabody Estate Fulham Palace Road London W6 9PP

Accountants | Michaelides Warner & Co 102 Fulham Palace Road London W6 9PL

Saleem Ahmed Carriages Ltd

(Registration number: 10546539)
Balance Sheet as at 31 January 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 24,325 | 70,181
Current assets |  |  |
Debtors | 5 | 60 | 1,180
Cash at bank and in hand |  | 1,814 | 7,215
|  | 1,874 | 8,395
Creditors: Amounts falling due within one year | 6 | (54,839) | (78,412)
Net current liabilities |  | (52,965) | (70,017)
Total assets less current liabilities |  | (28,640) | 164
Creditors: Amounts falling due after more than one year | 6 | - | (18,267)
Net liabilities |  | (28,640) | (18,103)
Capital and reserves |  |  |
Called up share capital | 7 | 1 | 1
Retained earnings |  | (28,641) | (18,104)
Shareholders' deficit |  | (28,640) | (18,103)

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 June 2026 and signed on its behalf by:

......................................... Mr Saleem Ahmed Director

Saleem Ahmed Carriages Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Bath Place
Peabody Estate
Fulham Palace Road
London
W6 9PP
United Kingdom

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The director considers that there are no key judgements that management have made in the process of applying the company's accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Saleem Ahmed Carriages Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 20% reducing balance
Computer equipment | 15% reducing balance

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Saleem Ahmed Carriages Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

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.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

Saleem Ahmed Carriages Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 February 2025 | 9,623 | 171,378 | 181,001
Disposals | (488) | (108,303) | (108,791)
At 31 January 2026 | 9,135 | 63,075 | 72,210
Depreciation
At 1 February 2025 | 5,066 | 105,754 | 110,820
Charge for the year | 645 | 5,168 | 5,813
Eliminated on disposal | (233) | (68,515) | (68,748)
At 31 January 2026 | 5,478 | 42,407 | 47,885
Carrying amount
At 31 January 2026 | 3,657 | 20,668 | 24,325
At 31 January 2025 | 4,557 | 65,624 | 70,181

5 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | - | 1,120
Other debtors | 60 | 60
| 60 | 1,180

Saleem Ahmed Carriages Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 8 | - | 10,960
Accruals and deferred income |  | 1,620 | 1,051
Other creditors |  | 53,219 | 66,401
|  | 54,839 | 78,412

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Loans and borrowings | 8 | - | 18,267

7 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary shares of £0.20 each | 5 | 1 | 5 | 1

8 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
Hire purchase contracts | - | 18,267

Current loans and borrowings

| 2026 £ | 2025 £
Hire purchase contracts | - | 10,960

9 | Related party transactions

At the year end the company owed to the director £53,219 (2025 - £66,401).