Registered number
05947586
SZA VISION LTD
Filleted Accounts
30 September 2023
SZA VISION LTD
Registered number: 05947586
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 117,475 110,449
Current assets
Stocks 7,850 8,980
Debtors 4 28,915 45,317
Cash at bank and in hand 88,906 71,689
125,671 125,986
Creditors: amounts falling due within one year 5 (51,067) (46,306)
Net current assets 74,604 79,680
Total assets less current liabilities 192,079 190,129
Creditors: amounts falling due after more than one year 6 (31,680) (41,297)
Net assets 160,399 148,832
Capital and reserves
Called up share capital 100 100
Profit and loss account 160,299 148,732
Shareholders' funds 160,399 148,832
The directors are 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 directors acknowledge their 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.
ZUNAID ALLY
Director
Approved by the board on 26 October 2023
SZA VISION LTD
Notes to the Accounts
for the year ended 30 September 2023
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 over 10 years
Fixtures, fittings, tools and equipment over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 October 2022 196,702
Additions 29,672
At 30 September 2023 226,374
Depreciation
At 1 October 2022 86,253
Charge for the year 22,646
At 30 September 2023 108,899
Net book value
At 30 September 2023 117,475
At 30 September 2022 110,449
4 Debtors 2023 2022
£ £
Trade debtors 11,662 6,991
Other debtors 17,253 38,326
28,915 45,317
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 15,331 20,325
Taxation and social security costs 23,924 18,517
Other creditors 11,812 7,464
51,067 46,306
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - BBL 31,680 41,297
7 Related party transactions
The Directors are also the landlords of the property, and hence are charging the company Rent at Market value.
8 Controlling party
The directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.
9 Other information
SZA VISION LTD is a private company limited by shares and incorporated in England. Its registered office is:
4 ACREFIELD
BLACKBURN
BB2 7BJ
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