Company Registration No. 04876216 (England and Wales)
ABU BAKAR LIMITED
Unaudited accounts
for the year ended 30 November 2022
ABU BAKAR LIMITED
Unaudited accounts
Contents
ABU BAKAR LIMITED
Company Information
for the year ended 30 November 2022
Company Number
04876216 (England and Wales)
Registered Office
37 Queens Road
Leeds
LS6 1NY
Accountants
HLA Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
ABU BAKAR LIMITED
Statement of financial position
as at 30 November 2022
Tangible assets
136,972
137,395
Inventories
204,915
135,337
Cash at bank and in hand
81,135
196,127
Creditors: amounts falling due within one year
(176,013)
(204,426)
Net current assets
146,477
138,806
Total assets less current liabilities
283,449
276,201
Creditors: amounts falling due after more than one year
(54,210)
(71,553)
Provisions for liabilities
Deferred tax
(7,000)
(7,000)
Net assets
222,239
197,648
Called up share capital
100
100
Profit and loss account
222,139
197,548
Shareholders' funds
222,239
197,648
For the year ending 30 November 2022 the company was entitled to exemption from 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 Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 June 2023 and were signed on its behalf by
S Hussain
Director
Company Registration No. 04876216
ABU BAKAR LIMITED
Notes to the Accounts
for the year ended 30 November 2022
ABU BAKAR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04876216. The registered office is 37 Queens Road, Leeds, LS6 1NY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5% reducing balance method
Motor vehicles
25% reducing balance method
Fixtures & fittings
10% reducing balance method
Computer equipment
15% reducing balance method
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Retail sale of fruit and vegetables in specialised stores also , sale of meat and meat products in specialised stores
Government grants in relation to job retention scheme are credited to profit and loss account , whereas those in relation to expenditure are charged to profit and loss.
Also, local council grants are received in terms of Covid-19 pandemic are credit to profit and loss account under other operating expenses, whereas all fixed cost against these are debited in the profit and loss account too.
ABU BAKAR LIMITED
Notes to the Accounts
for the year ended 30 November 2022
Expenditure on research and development is written off in the year in which it is incurred.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2021
180,479
71,237
83,772
76,584
412,072
Additions
16,867
-
-
-
16,867
At 30 November 2022
197,346
71,237
83,772
76,584
428,939
At 1 December 2021
99,874
41,989
70,869
61,945
274,677
Charge for the year
5,848
7,312
1,935
2,195
17,290
At 30 November 2022
105,722
49,301
72,804
64,140
291,967
At 30 November 2022
91,624
21,936
10,968
12,444
136,972
At 30 November 2021
80,605
29,248
12,903
14,639
137,395
Amounts falling due within one year
Trade debtors
25,746
4,891
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Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
765
548
Obligations under finance leases and hire purchase contracts
-
178
Trade creditors
169,223
188,925
Taxes and social security
6,025
5,895
Loans from directors
-
480
ABU BAKAR LIMITED
Notes to the Accounts
for the year ended 30 November 2022
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
12,025
21,553
8
Average number of employees
During the year the average number of employees was 10 (2021: 10).