| KAMILA SHAMSIE LIMITED |
|
| Balance Sheet |
|
| as at 30 April 2021 |
| Company Registration No. |
11962023 |
|
|
|
|
|
|
|
|
|
|
| Notes |
|
|
2021 |
|
|
2020 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
150 |
|
|
500 |
| Cash at bank and in hand |
|
|
11,305 |
|
|
5,740 |
|
|
|
11,455 |
|
|
6,240 |
|
| Creditors: amounts falling due within one year |
4 |
|
(2,671) |
|
|
(2,537) |
|
| Net current assets |
|
|
|
8,784 |
|
|
3,703 |
|
| Net assets |
|
|
|
8,784 |
|
|
3,703 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
8,783 |
|
|
3,702 |
|
| Shareholders' funds |
|
|
|
8,784 |
|
|
3,703 |
|
|
|
|
|
|
|
|
|
| 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 relating to small companies. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. |
| The financial statements 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. |
|
|
|
| ………………………………….. |
| Ms K Shamsie |
| Director |
|
| Approved by the board on 25 January 2022 |
|
| KAMILA SHAMSIE LIMITED |
|
| NOTES TO THE FINANCIAL STATEMENTS |
|
| FOR THE YEAR ENDED 30 APRIL 2021 |
|
|
|
|
|
|
|
|
|
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to the small companies regime. The disclosure requirements of section 1A have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical convention. The principal accounting policies adopted are set out below. |
|
|
Going concern |
|
The UK economy is currently facing unprecedented uncertainty about the impact of the COVID-19 pandemic, together with the extent and duration of social distancing measures imposed by the UK Government. The director has foreseen the challenges in the coming months and considered carefully the potential impact of these matters. In taking into account available cash resources (including access to existing financing facilities) and the extent of support provided by the UK Government announced as of the date of signing these financial statements, the director has continued to adopt the going concern basis of accounting. |
|
|
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. |
|
|
Basic financial assets |
|
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transactions costs, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried amortised cost using effective interest method, less any impairment. |
|
|
Taxation |
|
The tax expense represents the sum of the tax currently payable and deferred tax. |
|
|
Current tax |
|
The current tax payable is based on taxable profit for the year. Taxable profit differs from net profit reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. |
|
|
Provisions |
|
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2021 |
|
2020 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2021 |
|
2020 |
| £ |
£ |
|
|
VAT |
150 |
|
- |
|
Trade debtors |
- |
|
500 |
|
|
|
|
|
|
150 |
|
500 |
|
|
| 4 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Corporation tax |
1,192 |
|
958 |
|
Other creditors |
1,479 |
|
1,579 |
|
|
|
|
|
|
2,671 |
|
2,537 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
Kamila Shamsie Limited is a private company limited by shares and incorporated in England and Wales. The registered office is: 37 Warren Street, London, W1T 6AD. |
