1 January 2023 false No description of principal activity Taxfiler 2024.5 11566519business:PrivateLimitedCompanyLtd2023-01-012023-09-30 115665192022-12-31 115665192023-01-012023-09-30 11566519business:AuditExempt-NoAccountantsReport2023-01-012023-09-30 11566519business:FilletedAccounts2023-01-012023-09-30 115665192023-09-30 11566519business:Director12023-01-012023-09-30 11566519business:RegisteredOffice2023-01-012023-09-30 115665192022-12-31 11566519core:WithinOneYear2023-09-30 11566519core:WithinOneYear2022-12-31 11566519core:AfterOneYear2023-09-30 11566519core:AfterOneYear2022-12-31 11566519core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 11566519core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 11566519core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 11566519core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 11566519core:PreviouslyStatedAmount2023-09-30 11566519core:PreviouslyStatedAmount2022-12-31 11566519business:SmallEntities2023-01-012023-09-30 11566519countries:EnglandWales2023-01-012023-09-30 11566519core:PlantMachinery2022-12-31 11566519core:PlantMachinery2023-09-30 11566519core:PlantMachinery2023-01-012023-09-30 115665192022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 11566519 (England and Wales)
Faz Enterprise Ltd Unaudited accounts for the period from 1 January 2023 to 30 September 2023
Faz Enterprise Ltd Unaudited accounts Contents
Page
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Faz Enterprise Ltd Company Information for the period from 1 January 2023 to 30 September 2023
Director
Mohammed Faisal Din
Company Number
11566519 (England and Wales)
Registered Office
Moss Side Farm Moss Lane Ashton-Under-Lyne OL7 9LA
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Faz Enterprise Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,726 
14,658 
Investments
273,700 
273,700 
285,426 
288,358 
Current assets
Debtors
40,000 
41,917 
Cash at bank and in hand
84,770 
53,154 
124,770 
95,071 
Creditors: amounts falling due within one year
(461,670)
(197,465)
Net current liabilities
(336,900)
(102,394)
Total assets less current liabilities
(51,474)
185,964 
Creditors: amounts falling due after more than one year
- 
(233,154)
Net liabilities
(51,474)
(47,190)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(51,574)
(47,290)
Shareholders' funds
(51,474)
(47,190)
For the period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 June 2024 and were signed on its behalf by
Mohammed Faisal Din Director Company Registration No. 11566519
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Faz Enterprise Ltd Notes to the Accounts for the period from 1 January 2023 to 30 September 2023
1
Statutory information
Faz Enterprise Ltd is a private company, limited by shares, registered in England and Wales, registration number 11566519. The registered office is Moss Side Farm Moss Lane, Ashton-Under-Lyne, OL7 9LA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
23,245 
At 30 September 2023
23,245 
Depreciation
At 1 January 2023
8,587 
Charge for the period
2,932 
At 30 September 2023
11,519 
Net book value
At 30 September 2023
11,726 
At 31 December 2022
14,658 
5
Investments
Other investments 
£ 
Valuation at 1 January 2023
273,700 
Valuation at 30 September 2023
273,700 
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Faz Enterprise Ltd Notes to the Accounts for the period from 1 January 2023 to 30 September 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,917 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
40,000 
40,000 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
127,047 
- 
Loans from directors
333,763 
196,965 
Accruals
860 
500 
461,670 
197,465 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
233,154 
9
Average number of employees
During the period the average number of employees was 0 (2022: 0).
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