Registered number
Filleted Accounts
30 April 2017
Registered number: 10124343
Balance Sheet
as at 30 April 2017
Notes 2017
Fixed assets
Tangible assets 2 336
Current assets
Debtors 3 2,037
Cash at bank and in hand 6,822
Creditors: amounts falling due within one year 4 (6,826)
Net current assets 2,033
Total assets less current liabilities 2,369
Creditors: amounts falling due after more than one year 5 (626)
Net assets 1,743
Capital and reserves
Called up share capital 100
Profit and loss account 1,643
Shareholder's funds 1,743
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 22 June 2017
Notes to the Accounts
for the year ended 30 April 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2 Tangible fixed assets
Plant and machinery etc
Additions 671
At 30 April 2017 671
Charge for the year 335
At 30 April 2017 335
Net book value
At 30 April 2017 336
3 Debtors 2017
Trade debtors 2,037
4 Creditors: amounts falling due within one year 2017
Corporation tax 5,329
Other creditors 1,497
5 Creditors: amounts falling due after one year 2017
Other creditors 626
6 Other information
USMAN MALIK LTD is a private company limited by shares and incorporated in England. Its registered office is:
M16 8BA
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