Company Registration No. 11802859 (England and Wales)
Al-Naimi Limited
Unaudited accounts
for the year ended 31 March 2022
Al-Naimi Limited
Unaudited accounts
Contents
Al-Naimi Limited
Company Information
for the year ended 31 March 2022
Director
Mohammed Abdul Razzaq
Company Number
11802859 (England and Wales)
Registered Office
37 Fenwick Street
Boldon Colliery
NE35 9HU
Accountants
Move On Accountants Ltd
The Grainger Suite, Dobson House
Regent Centre
Newcastle upon Tyne
NE3 3PF
Al-Naimi Limited
Statement of financial position
as at
31 March 2022
Inventories
23,325
27,577
Cash at bank and in hand
92,389
88,926
Creditors: amounts falling due within one year
(76,305)
(76,137)
Net current assets
42,409
43,366
Total assets less current liabilities
43,110
44,168
Creditors: amounts falling due after more than one year
(41,109)
(44,167)
Called up share capital
1
1
Profit and loss account
2,000
-
Shareholders' funds
2,001
1
For the year ending 31 March 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 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.
The financial statements were approved by the Board and authorised for issue on 23 August 2022 and were signed on its behalf by
Mohammed Abdul Razzaq
Director
Company Registration No. 11802859
Al-Naimi Limited
Notes to the Accounts
for the year ended 31 March 2022
Al-Naimi Limited is a private company, limited by shares, registered in England and Wales, registration number 11802859. The registered office is 37 Fenwick Street, Boldon Colliery, NE35 9HU.
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.
These financial statements for the year ended 31 March 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2020.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
Computer equipment
25% WDV
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Al-Naimi Limited
Notes to the Accounts
for the year ended 31 March 2022
5
Debtors: amounts falling due within one year
2022
2021
Other debtors
3,000
3,000
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
10,091
5,833
Trade creditors
15,230
23,148
Amounts owed to group undertakings and other participating interests
13,000
-
Taxes and social security
289
6,094
Loans from directors
24,131
29,790
7
Creditors: amounts falling due after more than one year
2022
2021
Taxes and social security
7,033
-
8
Average number of employees
During the year the average number of employees was 9 (2021: 9).