Accounts filed on 31-12-2016
Accounts filed on 31-12-2016
trueBARAAKS LTD085747252016-12-31-445636-208454-245336-815410001000199300199300-245336-8154-245336-8154-245336-13523132890816504983572298180227300325083572383801270770127077Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Fixed Assets
All fixed assets are initially recorded at cost.
Plant & Machinery-25% reducing balance0.1500Fixtures & Fittings-25% reducing balance0.15000167885-167885040808-408080167885-167885040808-40808Ordinary1000001100000100000Ordinary11000100010002017-07-14B HUSSAINtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureBARAAKS LTD2015-07-012016-12-31BARAAKS LTD2014-07-012015-06-30BARAAKS LTD2014-06-30BARAAKS LTD2015-06-30BARAAKS LTD2015-06-30BARAAKS LTD2016-12-31 2017-09-30