Company Registration No. 11902635 (England and Wales)
ADZZIP LTD
Unaudited accounts
for the year ended 31 March 2024
ADZZIP LTD
Unaudited accounts
Contents
ADZZIP LTD
Company Information
for the year ended 31 March 2024
Directors
E Aghanoorian
G Kamyab
E Aghanoorian
G Kamyab
Company Number
11902635 (England and Wales)
Registered Office
40 ZANDER ROAD
CALNE
SN11 9QS
UNITED KINGDOM
Accountants
Malloy Accounting Limited
40 Kings Park
Scotland Gate
Choppington
Northumberland
NE62 5SD
ADZZIP LTD
Statement of financial position
as at 31 March 2024
Investment property
102,193
102,193
Investments
100,675
49,653
Cash at bank and in hand
734
1,164
Creditors: amounts falling due within one year
(108,037)
(119,705)
Net current liabilities
(107,303)
(118,541)
Total assets less current liabilities
95,565
33,305
Creditors: amounts falling due after more than one year
(49,270)
(50,321)
Net assets/(liabilities)
46,295
(17,016)
Called up share capital
2
2
Profit and loss account
46,293
(17,018)
Shareholders' funds
46,295
(17,016)
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by
E Aghanoorian
Director
Company Registration No. 11902635
ADZZIP LTD
Notes to the Accounts
for the year ended 31 March 2024
ADZZIP LTD is a private company, limited by shares, registered in England and Wales, registration number 11902635. The registered office is 40 ZANDER ROAD, CALNE, SN11 9QS, UNITED KINGDOM.
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 year, 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.
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
Fair value at 1 April 2023
102,193
5
Investments
Other investments
Valuation at 1 April 2023
49,653
Fair value adjustments
57,195
Valuation at 31 March 2024
100,675
ADZZIP LTD
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,987
6,567
Taxes and social security
1,904
1,485
Other creditors
99,396
109,208
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
14,673
10,382
8
Transactions with related parties
During the year the company entered into the following transactions with related parties:
At the end of the year, the director was owed £14,673 by the company (2023 - £10,382). The loan is unsecured and interest free with no fixed repayment terms in place.
At the end of the year, the company owed a company under common control £96,759 (2023 - £106,589). The loan is unsecured and interest free with no fixed repayment terms in place.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).