1 July 2017 false No description of principal activity Taxfiler 2018.21.Web 8586456business:PrivateLimitedCompanyLtd2017-07-012018-06-30 85864562017-06-30 85864562017-07-012018-06-30 8586456business:AuditExemptWithAccountantsReport2017-07-012018-06-30 8586456business:AbridgedAccounts2017-07-012018-06-30 85864562018-06-30 8586456business:Director12017-07-012018-06-30 8586456business:Director22017-07-012018-06-30 8586456business:RegisteredOffice2017-07-012018-06-30 85864562017-06-30 8586456core:WithinOneYear2018-06-30 8586456core:WithinOneYear2017-06-30 8586456core:ShareCapital2018-06-30 8586456core:ShareCapital2017-06-30 8586456core:RetainedEarningsAccumulatedLosses2018-06-30 8586456core:RetainedEarningsAccumulatedLosses2017-06-30 8586456business:SmallEntities2017-07-012018-06-30 8586456countries:EnglandWales2017-07-012018-06-30 8586456core:FurnitureFittings2017-07-012018-06-30 8586456core:ComputerEquipment2017-07-012018-06-30 85864562016-07-012017-06-30 iso4217:GBP xbrli:pure
Company Registration No. 8586456 (England and Wales)
SHAIK UK LIMITED Unaudited accounts for the year ended 30 June 2018
SHAIK UK LIMITED Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
SHAIK UK LIMITED Company Information for the year ended 30 June 2018
Directors
FIRDOUS ZEBA ZAMEER AHMAD SHAIK
Company Number
8586456 (England and Wales)
Registered Office
15A STATION ROAD HARROW MIDDLESEX HA1 2UF
Accountants
Aimal & Co. 15A Station Road Harrow Middlesex HA1 2UF
- 3 -
SHAIK UK LIMITED Accountants' report
Accountants' report to the board of directors of SHAIK UK LIMITED on the preparation of the unaudited statutory accounts for the year ended 30 June 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SHAIK UK LIMITED for the year ended 30 June 2018 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SHAIK UK LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SHAIK UK LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SHAIK UK LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SHAIK UK LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SHAIK UK LIMITED. You consider that SHAIK UK LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SHAIK UK LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Aimal & Co. 15A Station Road Harrow Middlesex HA1 2UF 26 March 2019
- 4 -
SHAIK UK LIMITED Statement of financial position as at 30 June 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
225,340 
188,595 
Tangible assets
5
25,671 
3,567 
251,011 
192,162 
Current assets
Inventories
18,220 
10,052 
Debtors
9,406 
- 
Cash at bank and in hand
30,164 
33,185 
57,790 
43,237 
Creditors: amounts falling due within one year
(241,594)
(200,718)
Net current liabilities
(183,804)
(157,481)
Net assets
67,207 
34,681 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
67,197 
34,671 
Shareholders' funds
67,207 
34,681 
For the year ending 30 June 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 26 March 2019.
ZAMEER AHMAD SHAIK Director Company Registration No. 8586456
- 5 -
SHAIK UK LIMITED Notes to the Accounts for the year ended 30 June 2018
1
Statutory information
SHAIK UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8586456. The registered office is 15A STATION ROAD, HARROW, MIDDLESEX, HA1 2UF.
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.
3
Accounting policies
These financial statements for the year ended 30 June 2018 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2016. 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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
20% Straight-Line
Computer equipment
20% Straight-Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 July 2017
200,000 
Revaluations
50,000 
At 30 June 2018
250,000 
Amortisation
At 1 July 2017
11,405 
Charge for the year
13,255 
At 30 June 2018
24,660 
Net book value
At 30 June 2018
225,340 
At 30 June 2017
188,595 
- 6 -
SHAIK UK LIMITED Notes to the Accounts for the year ended 30 June 2018
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 July 2017
5,811 
Additions
28,522 
At 30 June 2018
34,333 
Depreciation
At 1 July 2017
2,244 
Charge for the year
6,418 
At 30 June 2018
8,662 
Net book value
At 30 June 2018
25,671 
At 30 June 2017
3,567 
6
Average number of employees
During the year the average number of employees was 5 (2017: 7).
- 7 -