Company Registration No. 07556888 (England and Wales)
AKBAR & SONS LIMITED
Annual Company Unaudited Accounts
for the year ended 31 March 2018
AKBAR & SONS LIMITED
Annual Company Unaudited Accounts
Contents
AKBAR & SONS LIMITED
Company Information
for the year ended 31 March 2018
Company Number
07556888 (England and Wales)
Registered Office
279 HIGH STREET
HOUNSLOW
TW3 1EF
Accountants
FAM Chartered Certified Accountants
Suite 11
Fitzroy House, Lynwood Drive
Worcester Park
Surrey
KT4 7AT
AKBAR & SONS LIMITED
Statement of financial position
as at
31 March 2018
Tangible assets
4,400
5,500
Inventories
230,493
187,192
Cash at bank and in hand
11,419
28,153
Creditors: amounts falling due within one year
(2,558)
(6,638)
Net current assets
295,349
248,520
Total assets less current liabilities
299,749
254,020
Creditors: amounts falling due after more than one year
(334,000)
(249,000)
Net (liabilities)/assets
(34,251)
5,020
Called up share capital
1
1
Profit and loss account
(34,252)
5,019
Shareholders' funds
(34,251)
5,020
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 13 August 2018.
Asghar Shah
Director
Company Registration No. 07556888
AKBAR & SONS LIMITED
Notes to the Accounts
for the year ended 31 March 2018
AKBAR & SONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07556888. The registered office is 279 HIGH STREET, HOUNSLOW, TW3 1EF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided on prorata basis in order to write off the assets over their estimated useful lives.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
These financial statements has been prepared on going concern basis. There is any no information, event or evidence which cause to believe that business could not be operated for forceable future.
AKBAR & SONS LIMITED
Notes to the Accounts
for the year ended 31 March 2018
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2017
3,000
2,500
5,500
At 31 March 2018
3,000
2,500
5,500
Charge for the year
600
500
1,100
At 31 March 2018
600
500
1,100
At 31 March 2018
2,400
2,000
4,400
At 31 March 2017
3,000
2,500
5,500
Finished goods
230,493
187,192
Trade debtors
55,995
39,813
7
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
-
3,305
Other creditors
2,558
3,333
8
Creditors: amounts falling due after more than one year
2018
2017
Other creditors
334,000
249,000
DIRECTOR's LOAN:
Above stated Creditors is DIRECTOR LONG TERM LOAN - ASGHAR SHAH INVESTMENT which is given to the business on zero interest rate and without any Charge on the company asset and No Repayment Priority on any External Debt & Liability. It is permanent investment in the business(Director's Loan is unsecured and is subordinated in favour of the third-party creditors).
9
Average number of employees
During the year the average number of employees was 0 (2017: 3).