Registered number
SC526363
UAAZ LTD
434 Cathcart Road
Glasgow
Filleted Accounts
for the year ended 31 March 2023
Yousaf & Co Ltd
Chartered Certified Accountants
Registered Auditors
298-300 Maxwell Road
Glasgow
G41 1PJ
Ref: U048/TG
UAAZ LTD
Registered number : SC526363
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 12,474 9,491
Current assets
Debtors 4 71,150 78,232
Cash at bank and in hand 19,874 11,184
91,024 89,416
Creditors: amounts falling due within one year 5 (5,311) (5,916)
Net current assets 85,713 83,500
Total assets less current liabilities 98,187 92,991
Creditors: amounts falling due after more than one year 6 (92,947) (97,764)
Net assets/(liabilities) 5,240 (4,773)
Capital and reserves
Called up share capital 100 100
Profit and loss account 5,140 (4,873)
Shareholders' funds 5,240 (4,773)
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 her 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.
Mrs Aneela Kalsoom
Director
Approved by the board on 23 October 2023
UAAZ LTD
Notes to the Accounts
for the year ended 31 March 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 rendering of services. 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:
Office equipment 10% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price).
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Office Equipment
£
Cost
At 1 April 2022 14,911
Additions 4,369
At 31 March 2023 19,280
Depreciation
At 1 April 2022 5,420
Charge for the year 1,386
At 31 March 2023 6,806
Net book value
At 31 March 2023 12,474
At 31 March 2022 9,491
4 Debtors 2023 2022
£ £
Directors loan account - 11,287
Deposit Scotland 71,150 66,945
71,150 78,232
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 5,239 5,675
Other creditors 72 241
5,311 5,916
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank Loan 20,042 29,229
Directors loan account 135 -
Deposits from tenants 72,770 68,535
92,947 97,764
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