Company Registration No. 06400282 (England and Wales)
A. Qayum Limited
Filleted accounts
for the year ended 31 October 2017
A. Qayum Limited
Filleted accounts
Contents
A. Qayum Limited
Company Information
for the year ended 31 October 2017
Company Number
06400282 (England and Wales)
Registered Office
6 Burford Road
Forest Fields
Nottingham
NG7 6BD
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
A. Qayum Limited
Statement of financial position
as at
31 October 2017
Cash at bank and in hand
86,740
88,054
Creditors: amounts falling due within one year
(30,202)
(54,047)
Net current assets
56,538
34,007
Called up share capital
1
1
Profit and loss account
56,537
34,006
Shareholders' funds
56,538
34,007
For the year ending 31 October 2017 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 23 July 2018.
Mr A Qayum
Director
Company Registration No. 06400282
A. Qayum Limited
Notes to the Accounts
for the year ended 31 October 2017
A. Qayum Limited is a private company, limited by shares, registered in England and Wales, registration number 06400282. The registered office is 6 Burford Road, Forest Fields, Nottingham, NG7 6BD.
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 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2015.
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.
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.
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.
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Creditors: amounts falling due within one year
2017
2016
Taxes and social security
6,633
6,931
Other creditors
22,953
46,516
A. Qayum Limited
Notes to the Accounts
for the year ended 31 October 2017
5
Share capital
2017
2016
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
The ultimate controlling party is considered to be Mr A Qayum by virtue of his controlling interest in the company.
7
Average number of employees
During the year the average number of employees was 2 (2016: 2).