Sabry Marouf Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10260365 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2018

for

Sabry Marouf Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M A M M Mohamed

A M S H S Mahmoud

SECRETARY:

REGISTERED OFFICE:

04 Whitchurch Parade

Whitchurch Lane

Edwgare

Middlesex

HA8 6LR

REGISTERED NUMBER:

10260365 (England and Wales)

ACCOUNTANTS:

Amity Management Consulting Ltd

Chartered Certified Accountants

04 Whitchurch Parade

Whitchurch Lane

Edgware

Middlesex

HA8 6LR

FIXED ASSETS

Tangible assets

3

535

762

CURRENT ASSETS

Stocks

5,039

2,039

Debtors

4

15,049

1,335

Cash at bank

743

2,973

20,831

6,347

CREDITORS

Amounts falling due within one year

5

55,440

32,987

NET CURRENT LIABILITIES

(34,609

)

(26,640

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(34,074

)

(25,878

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

(34,174

)

(25,978

)

SHAREHOLDERS' FUNDS

(34,074

)

(25,878

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 21 December 2018 and were signed on its behalf by:

M A M M Mohamed - Director

A M S H S Mahmoud - Director

1.	STATUTORY INFORMATION

Sabry Marouf 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.

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.

Tangible fixed assets

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

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 August 2017

and 31 July 2018

906

DEPRECIATION

At 1 August 2017

144

Charge for year

227

At 31 July 2018

371

NET BOOK VALUE

At 31 July 2018

535

At 31 July 2017

762

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade debtors

-

7

Other debtors

14,743

-

VAT

306

39

Prepayments

-

1,289

15,049

1,335

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Bank loans and overdrafts

-

14,149

Trade creditors

434

2,347

Directors' current accounts

55,006

16,491

55,440

32,987

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.18

31.7.17

value:

£

£

100

Ordinary

1

100

100

7.

RESERVES

Retained

earnings

£

At 1 August 2017

(25,978

)

Deficit for the year

(8,196

)

At 31 July 2018

(34,174

)