Company Registration No. 09383801 (England and Wales)
Hasan Sweets and baker limited
Unaudited accounts
for the year ended 31 January 2022
Hasan Sweets and baker limited
Unaudited accounts
Contents
Hasan Sweets and baker limited
Company Information
for the year ended 31 January 2022
Directors
Mr N Ahmed
Mr M Imtiaz
Company Number
09383801 (England and Wales)
Registered Office
52 ABEL STREET
BURNLEY
LANCASHIRE
BB10 1QU
Accountants
Arif Khan Accountants Limited
25 Whetley Lane
Bradford
W Yorkshire
BD8 9EH
Hasan Sweets and baker limited
Statement of financial position
as at
31 January 2022
Tangible assets
17,349
9,533
Cash at bank and in hand
197,937
34,580
Creditors: amounts falling due within one year
(113,851)
(92,243)
Net current assets
118,125
108,155
Total assets less current liabilities
135,474
117,688
Provisions for liabilities
Deferred tax
(1,993)
(1,993)
Net assets
133,481
115,695
Called up share capital
100
100
Profit and loss account
133,381
115,595
Shareholders' funds
133,481
115,695
For the year ending 31 January 2022 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 directors acknowledge their 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.
The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2022 and were signed on its behalf by
Mr M Imtiaz
Director
Company Registration No. 09383801
Hasan Sweets and baker limited
Notes to the Accounts
for the year ended 31 January 2022
Hasan Sweets and baker limited is a private company, limited by shares, registered in England and Wales, registration number 09383801. The registered office is 52 ABEL STREET, BURNLEY, LANCASHIRE, BB10 1QU.
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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance basis.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Hasan Sweets and baker limited
Notes to the Accounts
for the year ended 31 January 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2021
37,557
2,000
39,557
Additions
12,152
-
12,152
At 31 January 2022
49,709
2,000
51,709
At 1 February 2021
28,024
2,000
30,024
Charge for the year
4,336
-
4,336
At 31 January 2022
32,360
2,000
34,360
At 31 January 2022
17,349
-
17,349
At 31 January 2021
9,533
-
9,533
Amounts falling due within one year
Other debtors
26,928
102,930
Amounts falling due after more than one year
Other debtors
1,960
58,002
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
91,804
76,616
Taxes and social security
11,663
13,572
Other creditors
10,384
2,055
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
8
Average number of employees
During the year the average number of employees was 4 (2021: 4).