Registered number
05947586
SZA VISION LTD
Filleted Accounts
30 September 2024
SZA VISION LTD
Registered number: 05947586
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 129,168 117,475
Current assets
Stocks 6,820 7,850
Debtors 4 18,803 28,915
Cash at bank and in hand 138,228 88,906
163,851 125,671
Creditors: amounts falling due within one year 5 (69,678) (51,067)
Net current assets 94,173 74,604
Total assets less current liabilities 223,341 192,079
Creditors: amounts falling due after more than one year 6 (22,479) (31,680)
Net assets 200,862 160,399
Capital and reserves
Called up share capital 100 100
Profit and loss account 200,762 160,299
Shareholders' funds 200,862 160,399
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
ZUNAID ALLY
Director
Approved by the board on 8 November 2024
SZA VISION LTD
Notes to the Accounts
for the year ended 30 September 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 10 years
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 initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 226,374
Additions 38,145
At 30 September 2024 264,519
Depreciation
At 1 October 2023 108,899
Charge for the year 26,452
At 30 September 2024 135,351
Net book value
At 30 September 2024 129,168
At 30 September 2023 117,475
4 Debtors 2024 2023
£ £
Trade debtors 12,696 11,662
Other debtors 6,107 17,253
18,803 28,915
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 29,868 15,331
Taxation and social security costs 30,117 23,924
Other creditors 9,693 11,812
69,678 51,067
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - BBL - 31,680
Other creditors 22,479 -
22,479 31,680
7 Related party transactions
The Directors are also the landlords of the property, and hence are charging the company Rent at Market value.
8 Controlling party
The directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.
9 Other information
SZA VISION LTD is a private company limited by shares and incorporated in England. Its registered office is:
4 ACREFIELD
BLACKBURN
BB2 7BJ
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