Private · Staff Loan Accounts · Dec 2023 – Jun 2026

Shakeel & Azeem
Statement of Account

Elegance Limit Gents Saloon, Rolla Sharjah · all figures AED
Source: Manoj / Intellect Consulting Tally ledgers · Dr = paid out by the company, Cr = recovered
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The answer, first

In 2023 the company put 23,426.67 behind the two of them.
Elegance opened on 17 December 2023, so 2023 is thirteen trading days plus the run-up. Of that 23,426.67, 13,830.00 went out as staff loans booked directly in their own names (1,030.00 of it credited back the same month) and 9,596.67 is their two-thirds share of costs the ledger books to all three staff — Ikrama, Shakeel and Azeem — without naming anyone. The loans are recoverable and still being recovered; the shared costs are real spend and gone.
2023 · total behind the two
23,427
13,830 loans + 9,597 shared costs
2023 · loans advanced
13,830
Azeem 7,430 · Shakeel 6,400
12,800 still owed at 31 Dec 2023
2023 · shared staff costs
9,597
two-thirds of 14,395
food, rent, visa, hotel, uniform
All years · paid out
52,865
62 ledger entries
Dec 2023 to Jun 2026
Still owed · 30 Jun 2026
23,656
Azeem 9,702 · Shakeel 13,954
55% recovered so far

What the 2023 number is made of

Ledger accounts booked in their own names, plus their share of the three-staff accounts. Hover any segment.
2023 · AED 23,426.67 attributable to the two of them7,430Azeem — loan advanced31.7%6,400Shakeel — loan advanced27.3%9,597Two-thirds of shared staff costs41.0%

Year by year — in and out

Out 52,865.01. Back 29,209.00. Outstanding 23,656.01.
"Paid out" is everything the company advanced — cash, bank transfers, rent paid on their behalf, tickets, the January 2026 visa loan. "Recovered" is almost entirely commission and salary set against the loan rather than paid across.

Azeem

Closing balance under each year. Peak debt was 15,260.46 at the end of 2024.
0k4k8k12k16k7,4301,0302023bal 6,40011,0452,1852024bal 15,2602,42115,4212025bal 2,2607,4422026bal 9,702
Paid out (Dr) Recovered (Cr)

Shakeel

Closing balance under each year. Peak debt was 13,954.04 — and it is at the peak now.
0k4k8k12k16k6,4002023bal 6,4008,3862,9132024bal 11,8732,5567,6602025bal 6,7697,1852026bal 13,954
Paid out (Dr) Recovered (Cr)

Running balance, every entry

Both accounts on one date axis. Azeem's came down hard through 2025 and then jumped again in January 2026; Shakeel's has never really come down.
0k4k8k12k16k31 Dec 202331 Dec 202431 Dec 202530 Jun 2026Azeem9,701.97Shakeel13,954.04Amount owed to the company (Dr)
Azeem Shakeel Dotted verticals mark each year end
YearOpeningPaid out (Dr)Recovered (Cr)ClosingEntries
Azeem
20230.007,430.001,030.006,400.003
20246,400.0011,045.462,185.0015,260.4618
202515,260.462,420.6815,421.152,259.9911
2026 *2,259.997,441.980.009,701.97—
Azeem total—28,338.1218,636.159,701.9732
Shakeel
20230.006,400.000.006,400.002
20246,400.008,386.002,913.0011,873.0020
202511,873.002,556.007,659.856,769.158
2026 *6,769.157,184.890.0013,954.04—
Shakeel total—24,526.8910,572.8513,954.0430
BOTH — to 30 Jun 2026—52,865.0129,209.0023,656.0162
* 2026 is a single derived movement — see the note at the foot of the page.

Statement of account — Azeem

32 entries, 28,338.12 out, 18,636.15 back.
DateContra accountNarrationDebitCreditBalance
2023  ·  opening 0.00 Dr
2023-12-18CashSTAFF LOAN430.00430.00 Dr
2023-12-25Aziz - LoanSTAFF LOAN1,030.00600.00 Cr
2023-12-31CashSTAFF LOAN7,000.006,400.00 Dr
2024  ·  opening 6,400.00 Dr
2024-01-01Mashreq - BankStaff Loan1,102.007,502.00 Dr
2024-01-01Cash1,500 for staff 4/1/2024500.008,002.00 Dr
2024-01-04Aziz Loan2100 rent for staff flat paid 4th jan 20700.008,702.00 Dr
2024-01-04Mashreq - BankStaff Loan500.009,202.00 Dr
2024-02-01Aziz LoanDifference Oct 15 till Dec - 1st Feb900.0010,102.00 Dr
2024-03-02CashStaff Loan2,000.0012,102.00 Dr
2024-05-31Aziz LoanLoan Azeem500.0012,602.00 Dr
2024-06-01Commission-ShopCommission deducted in salary1,255.0011,347.00 Dr
2024-06-15CashStaff Loan943.4612,290.46 Dr
2024-07-01Commission-ShopCommission shop420.0011,870.46 Dr
2024-07-09CashSalary by cash azeem90.0011,960.46 Dr
2024-08-01Commission-ShopCommission shop350.0011,610.46 Dr
2024-08-08CashSalary110.0011,720.46 Dr
2024-09-01Mashreq - BankStaff Loan134.0011,586.46 Dr
2024-09-30Aziz Loan3 months commission to azeem on 40% add1,500.0013,086.46 Dr
2024-10-01Commission-ShopAzaeem26.0013,060.46 Dr
2024-10-17CashAzeem ticket700.0013,760.46 Dr
2024-10-31Aziz Loansales of Abdul Azeem 40% commission less1,500.0015,260.46 Dr
2025  ·  opening 15,260.46 Dr
2025-01-01Commission Shop PayableCommission paid 750 as cash by aziz1,666.0013,594.46 Dr
2025-01-31Aziz LoanAzeem commission750.0012,844.46 Dr
2025-03-25Commission Shop Payable40% Commission paid to Azeem2,916.009,928.46 Dr
2025-03-31Cash—2,342.0012,270.46 Dr
2025-04-30Commission Shop PayableCommission 40%3,894.008,376.46 Dr
2025-08-01Commission Shop PayableAzeem commission2,000.006,376.46 Dr
2025-11-01Product SalesProduct sale30.006,406.46 Dr
2025-11-30Commission Shop PayableAzeez commission2,488.003,918.46 Dr
2025-12-31ADCB - Bank—48.683,967.14 Dr
2025-12-31Azeem—853.583,113.57 Dr
2025-12-31ADCB - Bank—853.582,259.99 Dr
2026  ·  opening 2,259.99 Dr  ·  no transaction-level ledger available — balances only
2026-06-30Movement Jan–Jun 2026Derived from Manoj's trial balance at 30 June 2026 (includes the January visa loan)7,441.989,701.97 Dr
CLOSING BALANCE — 30 JUNE 202628,338.1218,636.159,701.97 Dr

Statement of account — Shakeel

30 entries, 24,526.89 out, 10,572.85 back.
DateContra accountNarrationDebitCreditBalance
2023  ·  opening 0.00 Dr
2023-12-18CashSTAFF LOAN500.00500.00 Dr
2023-12-31CashSTAFF LOAN5,900.006,400.00 Dr
2024  ·  opening 6,400.00 Dr
2024-01-01Mashreq - BankStaff Loan1,176.007,576.00 Dr
2024-01-01CashStaff Loan500.008,076.00 Dr
2024-01-04Aziz LoanStaff Loan700.008,776.00 Dr
2024-01-04Mashreq - BankStaff Loan500.009,276.00 Dr
2024-02-05Aziz LoanLoan to Shakeel 5/2/2024 ( Special Loan)2,200.0011,476.00 Dr
2024-03-02Cash6000 staff each 2000 on 2nd March2,000.0013,476.00 Dr
2024-05-31Aziz LoanLoan shakeel500.0013,976.00 Dr
2024-06-01Commission-ShopCommission deducted in salary917.0013,059.00 Dr
2024-07-01Commission-ShopCommission shop82.0012,977.00 Dr
2024-07-26Mashreq - BankLoan624.0012,353.00 Dr
2024-07-30CashSalary shakeel500.0012,853.00 Dr
2024-07-31CashShakeel salary110.0012,963.00 Dr
2024-08-01Commission-ShopCommission shop734.0012,229.00 Dr
2024-08-31Mashreq - BankProduct sale50.0012,179.00 Dr
2024-09-01Mashreq - BankStaff Loan134.0012,045.00 Dr
2024-09-25CashShakeel loan125.0012,170.00 Dr
2024-10-01Commission-ShopShakeel26.0012,144.00 Dr
2024-10-04CashShakeel loan75.0012,219.00 Dr
2024-12-10Commission-ShopCommission shop265.0011,954.00 Dr
2024-12-15ADCB - BankSTAFF LOAN81.0011,873.00 Dr
2025  ·  opening 11,873.00 Dr
2025-01-31Commission Shop Payable40% outstanding commission to shakeel164.0011,709.00 Dr
2025-03-25Commission Shop Payable40%Commission paid to Shakeel2,556.009,153.00 Dr
2025-03-31ADCB - Bank—138.709,014.30 Dr
2025-03-31Cash—2,556.0011,570.30 Dr
2025-08-01Commission Shop PayableAzeem commission1,216.0010,354.30 Dr
2025-11-30Commission Shop PayableAzeez commission1,878.008,476.30 Dr
2025-12-31Azeem—853.587,622.72 Dr
2025-12-31ADCB - Bank—853.586,769.15 Dr
2026  ·  opening 6,769.15 Dr  ·  no transaction-level ledger available — balances only
2026-06-30Movement Jan–Jun 2026Derived from Manoj's trial balance at 30 June 2026 (includes the January visa loan)7,184.8913,954.04 Dr
CLOSING BALANCE — 30 JUNE 202624,526.8910,572.8513,954.04 Dr

The 2023 shared staff costs

14,395.00 booked to three staff, not to names.
These accounts carry no individual attribution in the ledger. Two of the three narrations say so outright — "(Ikrama,Shakeel,Azeem)" and "3 staff". A per-head split is the only defensible allocation, so two-thirds is charged to Shakeel and Azeem together.
Account2023 totalTwo-thirds shareLedger narration
Staff Food Expenses5,000.003,333.333 staff; STAFF FOOD EXPENSES; (Ikrama,Shakeel,Azeem)
Staff Rent2,100.001,400.00STAFF RENT; STAFF RENT; STAFF RENT
Staff Visa3,800.002,533.33STAFF VISA RENT
Rent Accomodation2,100.001,400.002100 rent for staff flat paid 4th jan 20
Hotel Stay850.00566.67850 Design Company - Vivek Hotel Stay 2
Uniform545.00363.33125 Mens coat no receipt uniform for bar; 420 uniform 6 pcs White coat
TOTAL 2023 SHARED STAFF COST14,395.009,596.67three staff on the books — Ikrama, Shakeel, Azeem

What to watch

Five things before this number is used anywhere.
  1. These are loans, not wages. Every dirham above sits in a Staff Loan account on the asset side of the balance sheet — the company expects it back. At 30 June 2026 23,656.01 of the 52,865.01 advanced is still outstanding, which is 45% of everything ever paid out.
  2. Shakeel is the exposure. Azeem has repaid 66% of what he has taken; Shakeel 43%. Azeem's balance fell from 15,260 to 2,260 across 2025 as his 40% commission was set against it. Shakeel's barely moved and is now at its all-time high of 13,954.04.
  3. Recovery is bookkeeping, not cash. Almost every credit is "commission paid to…" or "commission deducted in salary" — the loan is cleared by not paying earned commission across. If either man leaves, that recovery mechanism stops with him and the balance has to be collected in cash or written off.
  4. January 2026 put the balances back up. Both accounts jump at the start of 2026 — Azeem by 7,441.98 and Shakeel by 7,184.89 — against a 12,510 visa expense in the 2026 P&L. Two years of recovery on Azeem was undone in one month.
  5. Manoj restated Azeem between two packs. The 6 May 2026 workbook carries Azeem at 8,326.89 for January to April; the June pack carries him at 9,339.89 for the same months and 9,701.97 at 30 June. Shakeel is consistent at 13,954.04 in both. This page uses the later (June) trial balance. Worth one question to Manoj — roughly 1,013 of Azeem's balance moved without an explanation on the face of either pack.
Basis and limits. 2023, 2024 and 2025 are transaction-level, taken from Manoj's Tally account ledgers, and every year ties to the running balance Tally itself printed — 2023 closes at 6,400.00 Dr each, 2024 at 15,260.46 and 11,873.00, 2025 at 2,259.99 and 6,769.15. 2026 is balances only: no transaction-level staff-loan ledger for 2026 exists in the files here, so the January–June movement is shown as one derived line, being the difference between the 31 December 2025 closing and the 30 June 2026 trial balance. Ask Manoj for the 2026 account ledger to break that line open. The ledger headers say OMR — that is a template artefact carried over from the Oman file; the currency is AED throughout.