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
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
Faz Enterprise Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
11,726
14,658
Investments
273,700
273,700
Cash at bank and in hand
84,770
53,154
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)
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
Faz Enterprise Ltd
Notes to the Accounts
for the period from 1 January 2023 to 30 September 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 30 September 2023
23,245
Charge for the period
2,932
At 30 September 2023
11,519
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
Faz Enterprise Ltd
Notes to the Accounts
for the period from 1 January 2023 to 30 September 2023
Amounts falling due within one year
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
Loans from directors
333,763
196,965
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the period the average number of employees was 0 (2022: 0).