ABID ANWAR LIMITED - Filleted accounts

Registered number

04499143

ABID ANWAR LIMITED

Filleted Accounts

31 March 2017

ABID ANWAR LIMITED
Registered number:			04499143
Balance Sheet
as at 31 March 2017

Notes		31/3/17			31/1/17
£					£
Fixed assets
Tangible assets	2			-			72

Current assets
Stocks			-			13,750
Debtors	3		-			12,159
Cash at bank and in hand			-			39,327
			-			65,236

Creditors: amounts falling due within one year	4		(1,116)			(54,243)

Net current (liabilities)/assets				(1,116)			10,993

Net (liabilities)/assets				(1,116)			11,065

Capital and reserves
Called up share capital				5			5
Profit and loss account				(1,121)			11,060

Shareholders' funds				(1,116)			11,065

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Abid Ajaz Anwar
Director
Approved by the board on 30 October 2017

ABID ANWAR LIMITED
Notes to the Accounts
for the period from 1 February 2017 to 31 March 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computers & equipment	20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 February 2017				1,299
	Disposals				(1,299)
	At 31 March 2017				-

	Depreciation
	At 1 February 2017				1,227
	Charge for the period				14
	On disposals				(1,241)
	At 31 March 2017				-

	Net book value
	At 31 March 2017				-
	At 31 January 2017				72


3	Debtors		31/3/17	31/1/17
£				£

	Other debtors		-		12,159


4	Creditors: amounts falling due within one year		31/3/17	31/1/17
£				£

	Trade creditors		-		13,027
	Corporation tax		(5,530)		-
	Other taxes and social security costs		-		9,038
	Other creditors		6,646		32,178
			1,116		54,243


5	Other information

	ABID ANWAR LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Suite 6, Parkway 5
	300 Princess Road
	Manchester
	M14 7HR