ACCOUNTS - Final Accounts preparation


Caseware UK (AP4) 2020.0.247 2020.0.247 2021-03-312021-03-312020-04-01falseConsultancy service11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09492490 2020-04-01 2021-03-31 09492490 2019-04-01 2020-03-31 09492490 2021-03-31 09492490 2020-03-31 09492490 c:Director1 2020-04-01 2021-03-31 09492490 d:FurnitureFittings 2020-04-01 2021-03-31 09492490 d:FurnitureFittings 2021-03-31 09492490 d:FurnitureFittings 2020-03-31 09492490 d:FurnitureFittings d:OwnedOrFreeholdAssets 2020-04-01 2021-03-31 09492490 d:ComputerEquipment 2020-04-01 2021-03-31 09492490 d:ComputerEquipment 2021-03-31 09492490 d:ComputerEquipment 2020-03-31 09492490 d:ComputerEquipment d:OwnedOrFreeholdAssets 2020-04-01 2021-03-31 09492490 d:OwnedOrFreeholdAssets 2020-04-01 2021-03-31 09492490 d:CurrentFinancialInstruments 2021-03-31 09492490 d:CurrentFinancialInstruments 2020-03-31 09492490 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 09492490 d:CurrentFinancialInstruments d:WithinOneYear 2020-03-31 09492490 d:ShareCapital 2021-03-31 09492490 d:ShareCapital 2020-03-31 09492490 d:RetainedEarningsAccumulatedLosses 2021-03-31 09492490 d:RetainedEarningsAccumulatedLosses 2020-03-31 09492490 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-03-31 09492490 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2020-03-31 09492490 c:FRS102 2020-04-01 2021-03-31 09492490 c:AuditExemptWithAccountantsReport 2020-04-01 2021-03-31 09492490 c:FullAccounts 2020-04-01 2021-03-31 09492490 c:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31 iso4217:GBP xbrli:pure

Registered number: 09492490










ABU AYMAN CONSULTANCY LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2021

 
ABU AYMAN CONSULTANCY LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFABU AYMAN CONSULTANCY LTD
FOR THE YEAR ENDED 31 MARCH 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Abu Ayman Consultancy Ltd for the year ended 31 March 2021 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the director of Abu Ayman Consultancy Ltd in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Abu Ayman Consultancy Ltd and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abu Ayman Consultancy Ltd and its  director for our work or for this report.
 
 
It is your duty to ensure that Abu Ayman Consultancy Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Abu Ayman Consultancy Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Abu Ayman Consultancy Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







Shipleys Tax Planning

17 November 2021
Page 1

 
ABU AYMAN CONSULTANCY LTD
REGISTERED NUMBER: 09492490

BALANCE SHEET
AS AT 31 MARCH 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,933
3,292

  
1,933
3,292

Current assets
  

Cash at bank and in hand
 5 
12,774
14,719

  
12,774
14,719

Creditors: amounts falling due within one year
 6 
(4,660)
(8,018)

Net current assets
  
 
 
8,114
 
 
6,701

Total assets less current liabilities
  
10,047
9,993

  

Net assets
  
10,047
9,993


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
9,947
9,893

  
10,047
9,993


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 November 2021.






Adam Khan
Director
Page 2

 
ABU AYMAN CONSULTANCY LTD
REGISTERED NUMBER: 09492490

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2021


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
ABU AYMAN CONSULTANCY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

1.


General information

Abu Ayman Consultancy Ltd is a company domiciled in England & Wales, registration number 09492490. The registered office is Wharf House, Victoria Quays, Wharf Street, Sheffield, S2 5SY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
ABU AYMAN CONSULTANCY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

Page 5

 
ABU AYMAN CONSULTANCY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

2.Accounting policies (continued)

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2020
2,300
2,351
4,651



At 31 March 2021

2,300
2,351
4,651



Depreciation


At 1 April 2020
575
784
1,359


Charge for the year on owned assets
575
784
1,359



At 31 March 2021

1,150
1,568
2,718



Net book value



At 31 March 2021
1,150
783
1,933



At 31 March 2020
1,725
1,567
3,292


5.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
12,774
14,719

12,774
14,719


Page 6

 
ABU AYMAN CONSULTANCY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Corporation tax
800
-

Other taxation and social security
-
34

Other creditors
-
6,844

Accruals and deferred income
3,860
1,140

4,660
8,018



7.


Financial instruments

2021
2020
£
£

Financial assets


Financial assets measured at fair value through profit or loss
12,774
14,719




Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.


8.


Related party transactions

There were no related party transactions during the year.


9.


Controlling party

The company is controlled by the director Mr Adam Khan. 


Page 7