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REGISTERED NUMBER: SC315673 (Scotland)



















ERZ LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29 FEBRUARY 2024






ERZ LIMITED (REGISTERED NUMBER: SC315673)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ERZ LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Hans Rolf Roscher
Miss Felicity Steers





SECRETARY: Miss Felicity Steers





REGISTERED OFFICE: 21 James Morrison Street
Glasgow
G1 5PE





REGISTERED NUMBER: SC315673 (Scotland)





ACCOUNTANTS: CW
Chartered Accountants
9 Royal Crescent
Glasgow
G3 7SP

ERZ LIMITED (REGISTERED NUMBER: SC315673)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 24,630 22,029

CURRENT ASSETS
Debtors 4 137,195 122,743
Cash at bank 222,587 204,216
359,782 326,959
CREDITORS
Amounts falling due within one year 5 97,523 68,791
NET CURRENT ASSETS 262,259 258,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,889

280,197

PROVISIONS FOR LIABILITIES 5,665 5,067
NET ASSETS 281,224 275,130

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 281,222 275,128
SHAREHOLDERS' FUNDS 281,224 275,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ERZ LIMITED (REGISTERED NUMBER: SC315673)

BALANCE SHEET - continued
29 FEBRUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





Hans Rolf Roscher - Director


ERZ LIMITED (REGISTERED NUMBER: SC315673)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition
The turnover shown in the profit and loss account represents the value of services rendered during the year, exclusive of Value Added Tax. Revenue is recognised in line with performance, to the extent that a right to consideration arises.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment and Fittings - at varying rates on cost

Financial instruments
Basic financial instruments such as cash, debtors and creditors are measured at transaction price. Financial liabilities classified as payable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ERZ LIMITED (REGISTERED NUMBER: SC315673)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

3. TANGIBLE FIXED ASSETS
Equipment
and
Fittings
£   
COST
At 1 March 2023 49,390
Additions 10,489
Disposals (3,928 )
At 29 February 2024 55,951
DEPRECIATION
At 1 March 2023 27,361
Charge for year 6,381
Eliminated on disposal (2,421 )
At 29 February 2024 31,321
NET BOOK VALUE
At 29 February 2024 24,630
At 28 February 2023 22,029

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 99,233 82,351
Amounts recoverable on contract 30,022 33,319
Other debtors 547 -
Prepayments 7,393 7,073
137,195 122,743

ERZ LIMITED (REGISTERED NUMBER: SC315673)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,182 15,803
Corporation Tax 30,869 22,676
Social security and other taxes 3,497 -
VAT 35,332 18,626
Other creditors 95 95
Directors' current accounts 2,921 3,922
Accrued expenses 15,627 7,669
97,523 68,791

The loan from directors is interest free and repayable on demand.

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 3,235 5,714
Between one and five years 3,885 4,995
7,120 10,709

7. RELATED PARTY DISCLOSURES

The loan balance due to the directors amounted to £2,921 (2023: £3,922) at the year end.