Accounts filed on 30-06-2014

Accounts filed on 30-06-2014

BARAAKS LTD - Company Information

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2013-06-182014-06-3008574725falsetruehttp://www.companieshouse.gov.uk/cd:Director12013-06-182014-06-30http://www.companieshouse.gov.uk/pt:FixturesFittings2014-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-06-182014-06-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2014-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-06-30http://www.companieshouse.gov.uk/pt:FixturesFittings2013-06-182014-06-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2013-06-182014-06-30http://www.companieshouse.gov.uk/2013-06-182014-06-30http://www.companieshouse.gov.uk/2014-06-30http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2013-06-182014-06-30http://www.companieshouse.gov.uk/2013-06-17iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 08574725
Baraaks Ltd
ABBREVIATED ACCOUNTS
FOR THE 378 DAY PERIOD ENDED 30/06/2014
Prepared By:
DNS Associates
382 Pacifis House
Harrow
Middlesex
HA3 8DP

Baraaks Ltd
ABBREVIATED ACCOUNTS
FOR THE 378 DAY PERIOD ENDED 30/06/2014
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 08574725

Baraaks Ltd
Registered Number: 08574725
BALANCE SHEET AT 30/06/2014
2014
Notes£
FIXED ASSETS
Tangible assets2131,642
CURRENT ASSETS
Stock3,000
Debtors (amounts falling due within one year)325,412
Cash at bank and in hand5,413
33,825
CREDITORS: Amounts falling due within one year81,237
NET CURRENT LIABILITIES(47,412)
TOTAL ASSETS LESS CURRENT LIABILITIES84,230
CAPITAL AND RESERVES
Called up share capital41,000
Share premium account199,300
Profit and loss account(116,070)
SHAREHOLDERS' FUNDS84,230
For the year ending 30/06/2014 the company was entitled to exemption 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 10/03/2015 and signed on their behalf by
Muhammad Rabeel Sabar
Director

Baraaks Ltd
NOTES TO THE ACCOUNTS
FOR THE 378 DAY PERIOD ENDED 30/06/2014
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsstraight line 20%
Equipmentstraight line 20%
1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Baraaks Ltd
2. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
Additions102,34350,923153,266
At 30/06/2014102,34350,923153,266
Depreciation
For the 378 day period11,43910,18521,624
At 30/06/201411,43910,18521,624
Net Book Amounts
At 30/06/201490,90440,738131,642
3. DEBTORS 2014
£
Amounts falling due within one year:
Trade debtors2,912
Other debtors22,500
25,412
4. SHARE CAPITAL 2014
£
Allotted, issued and fully paid:
1000 Class 1 shares of £1 each1000
1,000

Baraaks Ltd
5. TRANSACTIONS WITH DIRECTORS
The company is owing the Directors as follow: Babar Hussain £35,000.00, Samia Rabeel £663.00 and Muhammad Rabeel Sabar £35,522.09