Registered number
11226419
ADZ STRATEGIES LTD
Filleted Accounts
28 February 2023
ADZ STRATEGIES LTD
Registered number: 11226419
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 300 600
Current assets
Debtors 4 - 5,850
Cash at bank and in hand 35,237 51,270
35,237 57,120
Creditors: amounts falling due within one year 5 (1,668) (15,396)
Net current assets 33,569 41,724
Net assets 33,869 42,324
Capital and reserves
Called up share capital 100 100
Profit and loss account 33,769 42,224
Shareholder's funds 33,869 42,324
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 member has 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.
A De Zanche
Director
Approved by the board on 17 November 2023
ADZ STRATEGIES LTD
Notes to the Accounts
for the year ended 28 February 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 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 March 2022 2,157
At 28 February 2023 2,157
Depreciation
At 1 March 2022 1,557
Charge for the year 300
At 28 February 2023 1,857
Net book value
At 28 February 2023 300
At 28 February 2022 600
4 Debtors 2023 2022
£ £
Trade debtors - 5,850
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bounce Back Loan - 12,500
Taxation and social security costs 158 1,390
Other creditors 1,510 1,506
1,668 15,396
6 Other information
ADZ STRATEGIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
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