Company Registration No. 05165914 (England and Wales)
Nazdak Limited
Unaudited accounts
for the year ended 31 December 2022
Nazdak Limited
Unaudited accounts
Contents
Nazdak Limited
Company Information
for the year ended 31 December 2022
Director
Mr Dawood Junglee
Company Number
05165914 (England and Wales)
Accountants
Ally De Maurice
Colchester Business Centre
1 George Williams Way
Colchester
Essex
CO1 2JS
Nazdak Limited
Statement of financial position
as at 31 December 2022
Tangible assets
276,934
277,358
Cash at bank and in hand
63
2,334
Net current assets
63
2,334
Total assets less current liabilities
276,997
279,692
Creditors: amounts falling due after more than one year
(184,071)
(161,171)
Called up share capital
100
100
Profit and loss account
92,826
118,421
Shareholders' funds
92,926
118,521
For the year ending 31 December 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 29 September 2023 and were signed on its behalf by
Mr Dawood Junglee
Director
Company Registration No. 05165914
Nazdak Limited
Notes to the Accounts
for the year ended 31 December 2022
Nazdak Limited is a private company, limited by shares, registered in England and Wales, registration number 05165914.
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:
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.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2022
275,000
18,263
293,263
At 31 December 2022
275,000
18,263
293,263
At 1 January 2022
-
15,905
15,905
Charge for the year
-
424
424
At 31 December 2022
-
16,329
16,329
At 31 December 2022
275,000
1,934
276,934
At 31 December 2021
275,000
2,358
277,358
5
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
184,071
161,171
Nazdak Limited
Notes to the Accounts
for the year ended 31 December 2022
6
Average number of employees
During the year the average number of employees was 2 (2021: 2).