DEZIL HOLDING LIMITED
Company Number : 10989016
FILLETED ACCOUNTS
30 September 2022
BILLUR & CO
ACCOUNTANTS
303C GREEN LANES
PALMERS GREEN
LONDON , N13 4XS
DEZIL HOLDING LIMITED
Registered number: 10989016
Balance Sheet
as at 30 September 2022
Notes 2022 2021
£ £
Current assets
Debtors 3 - 175
Cash at bank and in hand 199 676
199 851
Creditors: amounts falling due within one year 4 (31,230) (27,450)
Net current liabilities (31,031) (26,599)
Total assets less current liabilities (31,031) (26,599)
Creditors: amounts falling due after more than one year 5 (49,627) (48,714)
Net liabilities (80,658) (75,313)
Capital and reserves
Called up share capital 100 100
Profit and loss account (80,758) (75,413)
Shareholder's funds (80,658) (75,313)
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.
MR M DEMIRCI
Director
Approved by the board on 1 December 2023
DEZIL HOLDING LIMITED
Notes to the Accounts
for the year ended 30 September 2022
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.
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 100 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
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.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2022 2021
£ £
Trade debtors - 175
4 Creditors: amounts falling due within one year 2022 2021
£ £
Sundry creditors & accruals 1,260 1,260
Obligations under finance lease and hire purchase contracts 5,881 2,101
Other taxes and social security costs 39 39
Other creditors 24,050 24,050
31,230 27,450
5 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 49,627 48,714
6 Related party transactions
Dezil Holding Ltd has received an unsecured loan of £24,050 from Rozil Development Ltd, where
the director of Dezil Holding Ltd is also the director and shareholder.
7 Other information
DEZIL HOLDING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
167 HERTFORD ROAD
ENFIELD
MIDDX
EN3 5JQ
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