M HUSSAIN ACCOUNTANTS LTD 31/03/2022 iXBRL
M HUSSAIN ACCOUNTANTS LTD 31/03/2022 iXBRL
Company registration number:
12493488
Trading as
M HUSSAIN CHARTERED CERTIFIED ACCOUNTANTS
Contents
Directors and other information
Director's report
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Director |
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Company number |
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Registered office |
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Business address |
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Accountants |
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Chartered Certified Accountants | ||
85 Lynton Avenue | ||
London | ||
NW9 6PB | ||
Bankers |
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Director's report
Year ended 31 March 2022
The director presents his report and the unaudited financial statements of the company for the year ended 31 March 2022.
Director
The director who served the company during the year was as follows:
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Dividends
Particulars of recommended dividends are detailed in note to the unaudited financial statements.
Director's responsibilities statement
The director is responsible for preparing the director's report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to:
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select suitable accounting policies and then apply them consistently;
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make judgments and accounting estimates that are reasonable and prudent; and
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small company provisions
This report was approved by the board of directors on
25 December 2022
and signed on behalf of the board by:
Director
Report to the director on the preparation of the
unaudited statutory financial statements of M HUSSAIN ACCOUNTANTS LTD
Year ended 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M HUSSAIN ACCOUNTANTS LTD for the year ended 31 March 2022 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of M HUSSAIN ACCOUNTANTS LTD, as a body, in accordance with the terms of our engagement letter dated 2 March 2022. Our work has been undertaken solely to prepare for your approval the financial statements of M HUSSAIN ACCOUNTANTS LTD and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M HUSSAIN ACCOUNTANTS LTD and its director as a body for our work or for this report.
It is your duty to ensure that M HUSSAIN ACCOUNTANTS LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M HUSSAIN ACCOUNTANTS LTD. You consider that M HUSSAIN ACCOUNTANTS LTD 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 financial statements of M HUSSAIN ACCOUNTANTS LTD. 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 financial statements.
Chartered Certified Accountants
85 Lynton Avenue
London
NW9 6PB
25 December 2022
Statement of financial position
31 March 2022
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Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current liabilities |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholder funds |
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Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
25 December 2022
, and are signed on behalf of the board by:
Director
Company registration number:
12493488
Statement of changes in equity
Year ended 31 March 2022
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 1 April 2020 | - | - | - | ||
Profit for the year |
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Total comprehensive income for the year | - |
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Issue of shares |
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Dividends paid and payable |
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Total investments by and distributions to owners |
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At 31 March 2021 and 1 April 2021 |
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91 | 191 | ||
Profit for the year |
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Total comprehensive income for the year | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - |
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At 31 March 2022 |
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Notes to the financial statements
Year ended 31 March 2022
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General information
The company is a private company limited by shares, registered in Englend. The address of the registered office is 85 Lynton Avenue, London, NW9 6PB.
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Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
4.
Staff costs
The average number of persons employed by the company during the year amounted to
2
(2021:
2
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The aggregate payroll costs incurred during the year were:
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Wages and salaries |
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5.
Tangible assets
Fixtures, fittings and equipment | Total | ||
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Cost | |||
At 1 April 2021 and 31 March 2022 |
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Depreciation | |||
At 1 April 2021 |
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Charge for the year |
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At 31 March 2022 |
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Carrying amount | |||
At 31 March 2022 |
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At 31 March 2021 |
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6.
Debtors
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Trade debtors |
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Other debtors |
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7.
Creditors: amounts falling due within one year
2022 | 2021 | |||
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Bank loans and overdrafts | - |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors | - |
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8.
Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company: | ||||
2022 | ||||
Balance brought forward | Advances /(credits) to the director | Balance o/standing | ||
£ | £ | £ | ||
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2021 | ||||
Balance brought forward | Advances /(credits) to the director | Balance o/standing | ||
£ | £ | £ | ||
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