Ahmed Exotic Limited
|
Registered number: |
03640011
|
Abbreviated Balance Sheet |
as at 31 October 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
660,259 |
|
|
660,889 |
|
Current assets |
Stocks |
|
|
31,034 |
|
|
29,782 |
Debtors |
|
|
469,233 |
|
|
394,884 |
Cash at bank and in hand |
|
|
194,964 |
|
|
179,359 |
|
|
|
695,231 |
|
|
604,025 |
|
Creditors: amounts falling due within one year |
|
|
(424,287) |
|
|
(313,895) |
|
Net current assets |
|
|
|
270,944 |
|
|
290,130 |
|
Total assets less current liabilities |
|
|
|
931,203 |
|
|
951,019 |
|
Creditors: amounts falling due after more than one year |
|
|
|
(87,394) |
|
|
(122,870) |
|
|
|
Net assets |
|
|
|
843,809 |
|
|
828,149 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
14,800 |
|
|
14,800 |
Profit and loss account |
|
|
|
829,009 |
|
|
813,349 |
|
Shareholders' funds |
|
|
|
843,809 |
|
|
828,149 |
|
|
|
|
|
|
|
|
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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
Aziz Mohammed Patel |
Director |
Approved by the board on 17 July 2017
|
|
Ahmed Exotic Limited
|
Notes to the Abbreviated Accounts |
for the year ended 31 October 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Fixtures, fittings and equipment |
20% reducing balance
|
|
Motor vehicles |
20% reducing balance
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Leasing and hire purchase commitments |
|
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2015 |
870,267 |
|
Additions |
6,000 |
|
At 31 October 2016 |
876,267 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2015 |
209,378 |
|
Charge for the year |
6,630 |
|
At 31 October 2016 |
216,008 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2016 |
660,259 |
|
At 31 October 2015 |
660,889 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
14,800 |
|
14,800 |
|
14,800 |
|
|
|
|
|
|
|
|
|