REGISTERED NUMBER: 04029572 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

ABDULLAHS BALTI LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Durrani

Mr A Durrani

SECRETARY:

Mr J Durrani

REGISTERED OFFICE:

2nd Floor Woodside House

261 Low Lane

Horsforth

Leeds

West Yorkshire

LS18 5NY

REGISTERED NUMBER:

04029572 (England and Wales)

ACCOUNTANTS:

WHS Accountants

Chartered Accountants

2nd Floor Woodside House

261 Low Lane

Horsforth

West Yorkshire

LS18 5NY

FIXED ASSETS

Tangible assets

4

163,901

153,181

Investment property

5

140,217

140,217

304,118

293,398

CURRENT ASSETS

Stocks

6,000

6,000

Debtors

6

654

676

Cash at bank and in hand

36,417

21,213

43,071

27,889

CREDITORS

Amounts falling due within one year

7

123,660

101,815

NET CURRENT LIABILITIES

(80,589

)

(73,926

)

TOTAL ASSETS LESS CURRENT LIABILITIES

223,529

219,472

CREDITORS

Amounts falling due after more than one year

8

(181,576

)

(192,110

)

PROVISIONS FOR LIABILITIES

(4,097

)

(1,996

)

NET ASSETS

37,856

25,366

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10,070

10,070

Retained earnings

27,686

15,196

SHAREHOLDERS' FUNDS

37,856

25,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 14 May 2018 and were signed on its behalf by:

Mr J Durrani - Director

1.	STATUTORY INFORMATION

Abdullahs Balti Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Turnover represents net sales, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost, derivative financial instruments are initially

recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2016

140,802

56,893

8,300

1,049

207,044

Additions

-

15,407

-

-

15,407

At 30 September 2017

140,802

72,300

8,300

1,049

222,451

DEPRECIATION

At 1 October 2016

-

49,698

3,631

534

53,863

Charge for year

-

3,390

1,168

129

4,687

At 30 September 2017

-

53,088

4,799

663

58,550

NET BOOK VALUE

At 30 September 2017

140,802

19,212

3,501

386

163,901

At 30 September 2016

140,802

7,195

4,669

515

153,181

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2016

and 30 September 2017

140,217

NET BOOK VALUE

At 30 September 2017

140,217

At 30 September 2016

140,217

Fair value at 30 September 2017 is represented by:

£

Valuation in 2015

845

Valuation in 2016

9,225

Cost

130,147

140,217

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

654

676

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

9,686

8,816

Trade creditors

29,623

18,324

Taxation and social security

25,782

18,200

Other creditors

58,569

56,475

123,660

101,815

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

181,576

192,110

Amounts falling due in more than five years:

Repayable by instalments

Bank loan more than 5 years

141,685

158,654

9.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

191,262

200,926

The Royal Bank of Scotland PLC holds a charge over 165-167 New Line, Greengates, Bradford.