Registered number
07169903
Ezen Limited
Filleted Accounts
29 February 2024
Ezen Limited
Registered number: 07169903
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 121,691 30,538
Current assets
Stocks 13,195 25,795
Debtors 4 40,079 43,517
Cash at bank and in hand 589,047 527,976
642,321 597,288
Creditors: amounts falling due within one year 5 (151,668) (141,759)
Net current assets 490,653 455,529
Net assets 612,344 486,067
Capital and reserves
Called up share capital 1 1
Profit and loss account 612,343 486,066
Shareholder's funds 612,344 486,067
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 David Wertheim
Director
Approved by the board on 30 July 2024
Ezen Limited
Notes to the Accounts
for the year ended 29 February 2024
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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 over its expected useful life, as follows:
Computer Equipment 25% Reducing balance
Plant and machinery 25% Reducing balance
Fixtures, fittings, tools and equipment 25% Reducing balance
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 recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
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.
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 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2023 22,990 94,772 117,762
Additions - 131,716 131,716
At 29 February 2024 22,990 226,488 249,478
Depreciation
At 1 March 2023 14,978 72,246 87,224
Charge for the year 2,003 38,560 40,563
At 29 February 2024 16,981 110,806 127,787
Net book value
At 29 February 2024 6,009 115,682 121,691
At 28 February 2023 8,012 22,526 30,538
4 Debtors 2024 2023
£ £
Trade debtors 35,352 38,790
Other debtors 4,727 4,727
40,079 43,517
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,098 218
Taxation and social security costs 37,655 40,743
Other creditors 109,915 100,798
151,668 141,759
6 Other information
Ezen Limited is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Wirral
CH44 4BT
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