AL-FAKHER EUROPE LTD - Filleted accounts

AL-FAKHER EUROPE LTD - Filleted accounts

AL-FAKHER EUROPE LTD - Company Information

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Registered number
06809297
AL-FAKHER EUROPE LTD
Filleted Accounts
For the year ended 28 February 2020
AL-FAKHER EUROPE LTD
Registered number: 06809297
Balance Sheet
as at 28 February 2020
Notes 2020 2019
£ £
Fixed assets
Tangible assets 3 20,256 20,256
Current assets
Stocks 38,748 38,748
Debtors 4 218,798 197,287
Cash at bank and in hand (20,625) (20,410)
236,921 215,625
Creditors: amounts falling due within one year 5 (276,966) (254,670)
Net current liabilities (40,045) (39,045)
Net liabilities (19,789) (18,789)
Capital and reserves
Called up share capital 10 10
Profit and loss account (19,799) (18,799)
Shareholders' funds (19,789) (18,789)
The directors are 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 directors acknowledge their 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.
Mr Tariq Hamid
Director
Approved by the board on 26 February 2021
AL-FAKHER EUROPE LTD
Notes to the Accounts
for the year ended 28 February 2020
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:
Plant & machinery 10% reducing balance
Motor Vehicles 25% Straight line
Fixtures, fittings, tools and equipment 10% 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.
2 Employees 2020 2019
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant & machinery Fixtures, fittings, tools and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 March 2019 4,687 5,448 54,995 65,130
At 28 February 2020 4,687 5,448 54,995 65,130
Depreciation
At 1 March 2019 1,197 1,824 41,853 44,874
At 28 February 2020 1,197 1,824 41,853 44,874
Net book value
At 28 February 2020 3,490 3,624 13,142 20,256
At 28 February 2019 3,490 3,624 13,142 20,256
4 Debtors 2020 2019
£ £
Trade debtors 67,885 67,885
Other debtors 150,913 129,402
218,798 197,287
5 Creditors: amounts falling due within one year 2020 2019
£ £
Trade creditors 11,264 10,764
Taxation and social security costs 21,474 17,324
Other creditors 244,228 226,582
276,966 254,670
6 Other information
AL-FAKHER EUROPE LTD is a private company limited by shares and incorporated in England. Its registered office is:
40 Bloomsbury Way,
London,
WC1A 2SE
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