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Registered number: 06557350
Fameed Khalique Ltd
Unaudited Financial Statements
For the Period 1 May 2025 to 31 December 2025
TaxAssist Accountants
64 Southwark Bridge Road
London
SE1 0AS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06557350
31 December 2025 30 April 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 14,586 12,480
Tangible Assets 5 24,665 30,261
39,251 42,741
CURRENT ASSETS
Stocks 6 43,322 45,682
Debtors 7 163,837 163,179
Cash at bank and in hand 79,923 131,469
287,082 340,330
Creditors: Amounts Falling Due Within One Year 8 (202,609 ) (198,422 )
NET CURRENT ASSETS (LIABILITIES) 84,473 141,908
TOTAL ASSETS LESS CURRENT LIABILITIES 123,724 184,649
Creditors: Amounts Falling Due After More Than One Year 9 (26,250 ) (56,250 )
NET ASSETS 97,474 128,399
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 96,474 127,399
SHAREHOLDERS' FUNDS 97,474 128,399
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For the period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Fameed Khalique
Director
11 September 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Fameed Khalique Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06557350 . The registered office is 1st Floor The Furniture And Arts Building, 533 King's Road, London, SW10 0TZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on Cost
Leasehold 33.33%
Fixtures & Fittings 25 % Reducing balance method
Computer Equipment 25 % Reducing balance method
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 7 (2025: 4)
7 4
4. Intangible Assets
Other
£
Cost
As at 1 May 2025 28,962
Additions 7,410
As at 31 December 2025 36,372
Amortisation
As at 1 May 2025 16,482
Provided during the period 5,304
As at 31 December 2025 21,786
Net Book Value
As at 31 December 2025 14,586
As at 1 May 2025 12,480
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5. Tangible Assets
Land & Property
Freehold Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2025 51,864 32,800 5,270 22,757 112,691
Additions - 1,014 - 2,498 3,512
As at 31 December 2025 51,864 33,814 5,270 25,255 116,203
Depreciation
As at 1 May 2025 51,864 4,718 5,270 20,578 82,430
Provided during the period - 7,505 - 1,603 9,108
As at 31 December 2025 51,864 12,223 5,270 22,181 91,538
Net Book Value
As at 31 December 2025 - 21,591 - 3,074 24,665
As at 1 May 2025 - 28,082 - 2,179 30,261
6. Stocks
31 December 2025 30 April 2025
£ £
Stock 43,322 45,682
7. Debtors
31 December 2025 30 April 2025
£ £
Due within one year
Trade debtors 77,631 124,642
Other debtors 86,206 38,537
163,837 163,179
8. Creditors: Amounts Falling Due Within One Year
31 December 2025 30 April 2025
£ £
Trade creditors 33,319 24,419
Bank loans and overdrafts 12,123 3,782
Amounts owed to group undertakings 22,374 23,088
Other creditors 110,972 128,041
Taxation and social security 23,821 19,092
202,609 198,422
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9. Creditors: Amounts Falling Due After More Than One Year
31 December 2025 30 April 2025
£ £
Bank loans 26,250 56,250
10. Share Capital
31 December 2025 30 April 2025
£ £
Allotted, Called up and fully paid 1,000 1,000
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