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REGISTERED NUMBER: 09125331 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

CJAZ LTD

CJAZ LTD (REGISTERED NUMBER: 09125331)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CJAZ LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr N Zimaras
Mrs C Zimaras





REGISTERED OFFICE: 20 Glenbrook South
Enfield
Middlesex
EN2 7HQ





REGISTERED NUMBER: 09125331 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

CJAZ LTD (REGISTERED NUMBER: 09125331)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,083 20,583
Tangible assets 5 8,435 7,115
19,518 27,698

CURRENT ASSETS
Debtors 6 77,120 65,936
Cash at bank and in hand 34,539 44,758
111,659 110,694
CREDITORS
Amounts falling due within one year 7 109,643 106,986
NET CURRENT ASSETS 2,016 3,708
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,534

31,406

CREDITORS
Amounts falling due after more than one
year

8

(9,546

)

(14,962

)

PROVISIONS FOR LIABILITIES (5,300 ) (5,300 )
NET ASSETS 6,688 11,144

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,588 11,044
SHAREHOLDERS' FUNDS 6,688 11,144

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2024 and were signed on its behalf by:




Mr N Zimaras - Director


CJAZ LTD (REGISTERED NUMBER: 09125331)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

CJAZ Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services and goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Fixtures and fittings - 33% on cost
Computer equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

CJAZ LTD (REGISTERED NUMBER: 09125331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 95,000
AMORTISATION
At 1 August 2022 74,417
Charge for year 9,500
At 31 July 2023 83,917
NET BOOK VALUE
At 31 July 2023 11,083
At 31 July 2022 20,583

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 9,432 5,119 9,688 24,239
Additions 1,604 - 3,218 4,822
At 31 July 2023 11,036 5,119 12,906 29,061
DEPRECIATION
At 1 August 2022 4,603 5,119 7,402 17,124
Charge for year 1,287 - 2,215 3,502
At 31 July 2023 5,890 5,119 9,617 20,626
NET BOOK VALUE
At 31 July 2023 5,146 - 3,289 8,435
At 31 July 2022 4,829 - 2,286 7,115

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 35,178 36,963
Other debtors 41,942 28,973
77,120 65,936

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,012 4,482
Trade creditors 33,624 43,909
Taxation and social security 47,112 34,338
Other creditors 23,895 24,257
109,643 106,986

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 9,546 14,962

CJAZ LTD (REGISTERED NUMBER: 09125331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mr N Zimaras
Balance outstanding at start of year 21,034 11,507
Amounts advanced 84,017 79,607
Amounts repaid (85,271 ) (70,080 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,780 21,034

Mrs C Zimaras
Balance outstanding at start of year - -
Amounts advanced 9,803 -
Amounts repaid (7,650 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,153 -

During the period under review, interest amounting to £434 (2022: £350) was charged on the director's overdrawn loan account.