Registered number
09104913
I.A.Z.F.S Limited
Filleted Accounts
30 September 2022
I.A.Z.F.S Limited
Registered number: 09104913
Balance Sheet
as at 30 September 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 1,948 2,375
Current assets
Debtors 4 164,620 164,620
Cash at bank and in hand 218,245 218,245
382,865 382,865
Creditors: amounts falling due within one year 5 (122,803) (122,803)
Net current assets 260,062 260,062
Total assets less current liabilities 262,010 262,437
Creditors: amounts falling due after more than one year 6 (206,250) (206,250)
Net assets 55,760 56,187
Capital and reserves
Called up share capital 100 100
Profit and loss account 55,660 56,087
Shareholders' funds 55,760 56,187
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 members have 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.
…....................................
Sajid Miskeen
Director
Approved by the board on 30 September 2023
I.A.Z.F.S Limited
Notes to the Accounts
for the year ended 30 September 2022
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
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 18% reducing balance
Debtors
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 6 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2021 8,639
At 30 September 2022 8,639
Depreciation
At 1 October 2021 6,264
Charge for the year 427
At 30 September 2022 6,691
Net book value
At 30 September 2022 1,948
At 30 September 2021 2,375
4 Debtors 2022 2021
£ £
Other debtors 164,620 164,620
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 104,173 104,173
Taxation and social security costs 7,485 7,485
Other creditors 11,145 11,145
122,803 122,803
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 206,250 206,250
7 Other information
I.A.Z.F.S Limited is a private company limited by shares and incorporated in England. Its registered office is:
93 Kenley Parade
Bradford
West Yorkshire
BD7 4LA
I.A.Z.F.S Limited 09104913 false 2021-10-01 2022-09-30 2022-09-30 VT Final Accounts April 2021 Sajid Miskeen No description of principal activity 09104913 2020-10-01 2021-09-30 09104913 core:WithinOneYear 2021-09-30 09104913 core:AfterOneYear 2021-09-30 09104913 core:ShareCapital 2021-09-30 09104913 core:RetainedEarningsAccumulatedLosses 2021-09-30 09104913 2021-10-01 2022-09-30 09104913 bus:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 09104913 bus:AuditExemptWithAccountantsReport 2021-10-01 2022-09-30 09104913 bus:Director40 2021-10-01 2022-09-30 09104913 1 2021-10-01 2022-09-30 09104913 2 2021-10-01 2022-09-30 09104913 core:PlantMachinery 2021-10-01 2022-09-30 09104913 countries:England 2021-10-01 2022-09-30 09104913 bus:FRS102 2021-10-01 2022-09-30 09104913 bus:FullAccounts 2021-10-01 2022-09-30 09104913 2022-09-30 09104913 core:WithinOneYear 2022-09-30 09104913 core:AfterOneYear 2022-09-30 09104913 core:ShareCapital 2022-09-30 09104913 core:RetainedEarningsAccumulatedLosses 2022-09-30 09104913 core:PlantMachinery 2022-09-30 09104913 2021-09-30 09104913 core:PlantMachinery 2021-09-30 iso4217:GBP xbrli:pure