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COMPANY REGISTRATION NUMBER: 06629766
EZRO Limited
Unaudited Financial Statements
30 June 2023
EZRO Limited
Financial Statements
Year ended 30 June 2023
Contents
Page
Directors' report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
4
The following pages do not form part of the financial statements
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
8
EZRO Limited
Directors' Report
Year ended 30 June 2023
The directors present their report and the unaudited financial statements of the company for the year ended 30 June 2023 .
Directors
The directors who served the company during the year were as follows:
Mr C. R. L. Edwards
Mr J. R. M. Edwards
Mrs. E. A. Edwards
Mr. R. K. Edwards
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 6 October 2023 and signed on behalf of the board by:
Mr. R. K. Edwards
Director
Registered office:
19 Illingworth
Windsor
SL4 4UP
EZRO Limited
Statement of Income and Retained Earnings
Year ended 30 June 2023
2023
2022
Note
£
£
Administrative expenses
1,892
2,166
-------
-------
Operating loss
( 1,892)
( 2,166)
-------
-------
Loss before taxation
4
( 1,892)
( 2,166)
Tax on loss
-------
-------
Loss for the financial year and total comprehensive income
( 1,892)
( 2,166)
-------
-------
Retained losses at the start of the year
( 18,772)
( 16,606)
--------
--------
Retained losses at the end of the year
( 20,664)
( 18,772)
--------
--------
All the activities of the company are from continuing operations.
EZRO Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
719
839
Current assets
Cash at bank and in hand
20
Creditors: amounts falling due within one year
6
21,373
19,621
--------
--------
Net current liabilities
21,373
19,601
--------
--------
Total assets less current liabilities
( 20,654)
( 18,762)
--------
--------
Net liabilities
( 20,654)
( 18,762)
--------
--------
Capital and reserves
Called up share capital
7
10
10
Profit and loss account
( 20,664)
( 18,772)
--------
--------
Shareholders deficit
( 20,654)
( 18,762)
--------
--------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 6 October 2023 , and are signed on behalf of the board by:
Mr. R. K. Edwards
Director
Company registration number: 06629766
EZRO Limited
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 19 Illingworth, Windsor, SL4 4UP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The going concern basis has been used. Of the company's liabilities £20,781 is owed to the directors and it has been agreed that repayment will not be demanded whilst such action would adversely affect the company's operations. If the going concern basis were not appropriate, adjustments would have to be made to restate fixed assets as current assets, reduce the value of the assets to their recoverable amount and to provide for any further liabilities that might arise.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & fittings
-
10% straight line
Equipment
-
10% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Profit before taxation
Profit before taxation is stated after charging:
2023
2022
£
£
Depreciation of tangible assets
120
120
----
----
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 July 2022 and 30 June 2023
750
1,349
2,099
----
-------
-------
Depreciation
At 1 July 2022
750
510
1,260
Charge for the year
120
120
----
-------
-------
At 30 June 2023
750
630
1,380
----
-------
-------
Carrying amount
At 30 June 2023
719
719
----
-------
-------
At 30 June 2022
839
839
----
-------
-------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
172
123
Accruals and deferred income
420
400
Director loan accounts
20,781
19,098
--------
--------
21,373
19,621
--------
--------
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
10
10
10
10
----
----
----
----
EZRO Limited
Management Information
Year ended 30 June 2023
The following pages do not form part of the financial statements.
EZRO Limited
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of EZRO Limited
Year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of EZRO Limited for the year ended 30 June 2023, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/gb/en/about-us/regulation/rulebook.html. This report is made solely to the Board of Directors of EZRO Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of EZRO Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EZRO Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that EZRO Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of EZRO Limited. You consider that EZRO Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of EZRO Limited. 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.
ABBOTS Chartered Certified Accountants
Printing House 66 Lower Road Harrow HA2 0DH