Ali Noorani Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09190733 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017

FOR

ALI NOORANI LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr A M Noorani

REGISTERED OFFICE:

3a Chestnut House

Farm Close

Shenley

Hertfordshire

WD7 9AD

REGISTERED NUMBER:

09190733 (England and Wales)

ACCOUNTANTS:

Business Orchard

Chartered Accountants

3a Chestnut House

Farm Close

Shenley

Hertfordshire

WD7 9AD

FIXED ASSETS

Intangible assets

4

131,250

262,500

Tangible assets

5

2,020

1,373

133,270

263,873

CURRENT ASSETS

Debtors

6

140,835

47,613

Cash at bank

304,619

24,373

445,454

71,986

CREDITORS

Amounts falling due within one year

7

134,263

58,549

NET CURRENT ASSETS

311,191

13,437

TOTAL ASSETS LESS CURRENT LIABILITIES

444,461

277,310

PROVISIONS FOR LIABILITIES

384

274

NET ASSETS

444,077

277,036

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

444,076

277,035

SHAREHOLDERS' FUNDS

444,077

277,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 20 March 2018 and were signed by:

Dr A M Noorani - Director

1.	STATUTORY INFORMATION

Ali Noorani Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2016

and 31 August 2017

525,000

AMORTISATION

At 1 September 2016

262,500

Charge for year

131,250

At 31 August 2017

393,750

NET BOOK VALUE

At 31 August 2017

131,250

At 31 August 2016

262,500

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2016

1,666

Additions

1,418

At 31 August 2017

3,084

DEPRECIATION

At 1 September 2016

293

Charge for year

771

At 31 August 2017

1,064

NET BOOK VALUE

At 31 August 2017

2,020

At 31 August 2016

1,373

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

-

31,649

Other debtors

140,835

15,964

140,835

47,613

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade creditors

30

510

Taxation and social security

43,912

43,198

Other creditors

90,321

14,841

134,263

58,549

8.	ULTIMATE CONTROLLING PARTY