Registered Number 08833670
BASSIOUNI CONSULTING LTD.
Abbreviated Accounts
31 January 2015
Notes | 2015 | ||
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Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Provisions for liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
The financial statements are prepared on the historical cost basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The company has taken advantage of the exemption, conferred by Financial Reporting Standard 1, from presenting a cash flow statement as it qualifies as a small company.
B)Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.
C)Depreciation of tangible fixed assets
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:
Equipment, fixtures and fittings 25% on RBM
Plant and machinery 25% on RBM
D)Deferred taxation
Deferred tax is provided in respect of the tax effect of all timing differences that have originated but not reversed at the balance sheet date.
Deferred tax is measured on a basis, at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
E)Related Party Concern
At the balance sheet date company owes Mr. Daneal Bassiouni £ 47,266.(2014: Nil).this is interest free loan to company.
F)Ultimate Controlling Party
At the balance sheet date Mr. Daneal Bassiouni own 1% in the company therefore he is ultimate controlling party.
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Cost | |
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Disposals |
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Revaluations |
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Transfers |
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At 31 January 2015 |
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Depreciation | |
Charge for the year |
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On disposals |
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At 31 January 2015 |
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Net book values | |
At 31 January 2015 | 1,391 |