Registered number
12376967
KOZAN LTD
Filleted Accounts
31 October 2023
KOZAN LTD
Registered number: 12376967
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 3,050
Current assets
Stocks - 2,260
Debtors 4 - 3,992
Cash at bank and in hand 5,529 3,914
5,529 10,166
Creditors: amounts falling due within one year 5 (6,120) (4,862)
Net current (liabilities)/assets (591) 5,304
Net (liabilities)/assets (591) 8,354
Capital and reserves
Called up share capital 100 100
Profit and loss account (691) 8,254
Shareholder's funds (591) 8,354
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 Riza Rizza
Director
Approved by the board on 21 August 2024
KOZAN LTD
Notes to the Accounts
for the period from 1 January 2023 to 31 October 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. 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 evenly over its expected useful life, as follows:
Fix, fittings & equipment 18% 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.
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 corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 January 2023 5,532
Disposals (5,532)
At 31 October 2023 -
Depreciation
At 1 January 2023 2,482
On disposals (2,482)
At 31 October 2023 -
Net book value
At 31 October 2023 -
At 31 December 2022 3,050
4 Debtors 2023 2022
£ £
Prepayments & other debtors - 3,992
5 Creditors: amounts falling due within one year 2023 2022
£ £
Overdrafts 3,040 2,686
Trade creditors 503 1,644
Taxation and social security costs 226 532
Other creditors 2,351 -
6,120 4,862
6 Other information
KOZAN LTD is a private company limited by shares and incorporated in England. Its registered office is:
321 Kirkdale
London
SE26 4QB
KOZAN LTD 12376967 false 2023-01-01 2023-10-31 2023-10-31 VT Final Accounts April 2024 Mr Riza Rizza No description of principal activity 12376967 2022-01-01 2022-12-31 12376967 core:WithinOneYear 2022-12-31 12376967 core:ShareCapital 2022-12-31 12376967 core:RetainedEarningsAccumulatedLosses 2022-12-31 12376967 2023-01-01 2023-10-31 12376967 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-10-31 12376967 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-10-31 12376967 bus:Director40 2023-01-01 2023-10-31 12376967 1 2023-01-01 2023-10-31 12376967 2 2023-01-01 2023-10-31 12376967 core:PlantMachinery 2023-01-01 2023-10-31 12376967 countries:England 2023-01-01 2023-10-31 12376967 bus:FRS102 2023-01-01 2023-10-31 12376967 bus:FilletedAccounts 2023-01-01 2023-10-31 12376967 2023-10-31 12376967 core:WithinOneYear 2023-10-31 12376967 core:ShareCapital 2023-10-31 12376967 core:RetainedEarningsAccumulatedLosses 2023-10-31 12376967 core:PlantMachinery 2023-10-31 12376967 2022-12-31 12376967 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure