Registered number
14080711
CHIZEZA LTD
Filleted Accounts
31 May 2023
CHIZEZA LTD
Registered number: 14080711
Balance Sheet
as at 31 May 2023
Notes 2023
£
Current assets
Cash at bank and in hand 59,076
Creditors: amounts falling due within one year 3 (13,091)
Net current assets 45,985
Total assets less current liabilities 45,985
Creditors: amounts falling due after more than one year 4 (3,848)
Net assets 42,137
Capital and reserves
Called up share capital 1
Profit and loss account 42,136
Shareholder's funds 42,137
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.
Alexander Wrey
Director
Approved by the board on 9 February 2024
CHIZEZA LTD
Notes to the Accounts
for the period from 2 May 2022 to 31 May 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.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Creditors: amounts falling due within one year 2023
£
Taxation and social security costs 13,091
4 Creditors: amounts falling due after one year 2023
£
Director's account 3,848
5 Controlling party
The ultimate controlling party for the period: Alexander Wrey
Alexander Wrey holds 100% of the issued share capital and is deemed the ultimate controlling party.
6 Other information
CHIZEZA LTD is a private company limited by shares and incorporated in Wales Its registered office is:
Dragon House
Princes Street
Bridgend Industrial Estate
Bridgend
CF31 3AQ
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