COMPANY REGISTRATION NUMBER:
04276730
|
Filleted Unaudited Abridged Financial Statements |
|
|
Abridged Financial Statements |
|
Year ended 31 August 2025
|
Abridged statement of financial position |
1 |
|
|
|
Notes to the abridged financial statements |
3 |
|
|
|
Abridged Statement of Financial Position |
|
31 August 2025
Fixed assets
|
Tangible assets |
5 |
|
401,660 |
402,075 |
|
|
|
|
|
Current assets
|
Stocks |
27,000 |
|
42,000 |
|
Debtors |
29,156 |
|
29,156 |
|
Cash at bank and in hand |
21,097 |
|
26,183 |
|
-------- |
|
-------- |
|
77,253 |
|
97,339 |
|
|
|
|
|
Creditors: amounts falling due within one year |
342,263 |
|
347,065 |
|
--------- |
|
--------- |
|
Net current liabilities |
|
265,010 |
249,726 |
|
|
--------- |
--------- |
|
Total assets less current liabilities |
|
136,650 |
152,349 |
|
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
2 |
2 |
|
Revaluation reserve |
|
273,366 |
273,366 |
|
Profit and loss account |
|
(
136,718) |
(
121,019) |
|
|
--------- |
--------- |
|
Shareholders funds |
|
136,650 |
152,349 |
|
|
--------- |
--------- |
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of financial position for the year ending 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.
|
Abridged Statement of Financial Position (continued) |
|
31 August 2025
These abridged financial statements were approved by the
board of directors
and authorised for issue on
20 May 2026
, and are signed on behalf of the board by:
Company registration number:
04276730
|
Notes to the Abridged Financial Statements |
|
Year ended 31 August 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 18 Turnpike Lane, Hornsey, London, N8 0PT.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant & Machinery |
- |
20% reducing balance |
|
Fixtures & Fittings |
- |
20% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2024:
2
).
5.
Tangible assets
|
£ |
|
Cost |
|
|
At 1 September 2024 and 31 August 2025 |
413,918 |
|
--------- |
|
Depreciation |
|
|
At 1 September 2024 |
11,843 |
|
Charge for the year |
415 |
|
--------- |
|
At 31 August 2025 |
12,258 |
|
--------- |
|
Carrying amount |
|
|
At 31 August 2025 |
401,660 |
|
--------- |
|
At 31 August 2024 |
402,075 |
|
--------- |
|
|
Tangible assets held at valuation
Investment properties are included in the balance sheet at their open market value. Gains or losses arising from changes in the fair value of investment property are included in profit or loss for the period in which they arise.
6.
Director's advances, credits and guarantees
At the year end the company owed Mr Ahmed Rizk £331,520 (2024: £333,446).
7.
Related party transactions
The company was under the control of Mr Ahmed Rizk throughout the current and previous year. Mr Ahmed Rizk is the managing director and majority shareholder.