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REGISTERED NUMBER: 07198252 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Shaz & Associates Limited

Shaz & Associates Limited (Registered number: 07198252)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shaz & Associates Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Dr S Naseem





SECRETARY: Mrs R Naseem





REGISTERED OFFICE: 2nd Floor Grove House
55 Lowlands Road
Harrow
Middlesex
HA1 3AW





REGISTERED NUMBER: 07198252 (England and Wales)






Shaz & Associates Limited (Registered number: 07198252)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 39,933 119,800
Tangible assets 5 252,886 268,482
292,819 388,282

CURRENT ASSETS
Stocks 23,000 23,000
Debtors 6 172,530 112,376
Cash at bank 182,405 216,187
377,935 351,563
CREDITORS
Amounts falling due within one year 7 211,437 185,216
NET CURRENT ASSETS 166,498 166,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

459,317

554,629

CREDITORS
Amounts falling due after more than one
year

8

328,350

484,599
NET ASSETS 130,967 70,030

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 120,967 60,030
130,967 70,030

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

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

The director acknowledges her 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.

Shaz & Associates Limited (Registered number: 07198252)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 22 December 2023 and were signed by:





Dr S Naseem - Director


Shaz & Associates Limited (Registered number: 07198252)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Shaz & Associates Limited 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" and the companies Act 2006.
The financial statements have been prepared under historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents the fees receivable for dental treatments performed and the supply of related goods and services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business is being amortised evenly over its estimated useful life of fifteen 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Shaz & Associates Limited (Registered number: 07198252)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 18 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 1,198,013
AMORTISATION
At 1 April 2022 1,078,213
Amortisation for year 79,867
At 31 March 2023 1,158,080
NET BOOK VALUE
At 31 March 2023 39,933
At 31 March 2022 119,800

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 363,721 104,711 70,518 538,950
Additions 50,937 - 3,604 54,541
Disposals (11,976 ) - - (11,976 )
At 31 March 2023 402,682 104,711 74,122 581,515
DEPRECIATION
At 1 April 2022 205,634 20,723 44,110 270,467
Charge for year 35,360 20,997 7,079 63,436
Eliminated on disposal (5,274 ) - - (5,274 )
At 31 March 2023 235,720 41,720 51,189 328,629
NET BOOK VALUE
At 31 March 2023 166,962 62,991 22,933 252,886
At 31 March 2022 158,087 83,988 26,408 268,483

Shaz & Associates Limited (Registered number: 07198252)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 199,036 104,711 39,145 342,892
Additions 36,589 - - 36,589
Disposals (8,976 ) - - (8,976 )
At 31 March 2023 226,649 104,711 39,145 370,505
DEPRECIATION
At 1 April 2022 58,837 20,723 17,584 97,144
Charge for year 30,968 20,997 5,391 57,356
Eliminated on disposal (2,274 ) - - (2,274 )
At 31 March 2023 87,531 41,720 22,975 152,226
NET BOOK VALUE
At 31 March 2023 139,118 62,991 16,170 218,279
At 31 March 2022 140,199 83,988 21,561 245,748

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 63,918 50,309
Other debtors 78,349 59,800
Directors' current accounts 28,919 -
Prepayments 1,344 2,267
172,530 112,376

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 9) 37,023 10,277
Hire purchase contracts 72,530 66,079
Trade creditors 23,552 27,585
Tax 48,256 35,075
Social security and other taxes 3,210 2,886
Net wages 21,999 18,774
Pensions 898 747
Other creditors 3,969 23,713
Directors' current accounts - 80
211,437 185,216

Shaz & Associates Limited (Registered number: 07198252)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 9) 166,499 276,843
Hire purchase contracts 161,851 207,756
328,350 484,599

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 166,499 276,843

9. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 37,023 10,277

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 166,499 276,843

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The debit balance of £28,919 (2022: £80 Cr) relates to director S Naseem.

11. ULTIMATE CONTROLLING PARTY

The company was under the control of the director Mr S Naseem, by virtue of his beneficial shareholding.