1 June 2023 false No description of principal activity Taxfiler 2024.6 SC630697business:PrivateLimitedCompanyLtd2023-06-012024-05-31 SC6306972023-05-31 SC6306972023-06-012024-05-31 SC630697business:AuditExemptWithAccountantsReport2023-06-012024-05-31 SC630697business:FilletedAccounts2023-06-012024-05-31 SC6306972024-05-31 SC630697business:Director12023-06-012024-05-31 SC630697business:RegisteredOffice2023-06-012024-05-31 SC6306972023-05-31 SC630697core:WithinOneYear2024-05-31 SC630697core:WithinOneYear2023-05-31 SC630697core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 SC630697core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 SC630697core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 SC630697core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 SC630697core:PreviouslyStatedAmount2024-05-31 SC630697core:PreviouslyStatedAmount2023-05-31 SC630697business:SmallEntities2023-06-012024-05-31 SC630697countries:Scotland2023-06-012024-05-31 SC630697core:PlantMachinery2023-06-012024-05-31 SC630697core:MotorVehicles2023-06-012024-05-31 SC630697core:Goodwill2023-05-31 SC630697core:Goodwill2024-05-31 SC630697core:PlantMachinery2023-05-31 SC630697core:MotorVehicles2023-05-31 SC630697core:PlantMachinery2024-05-31 SC630697core:MotorVehicles2024-05-31 SC6306972022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. SC630697 (Scotland)
IZAAN RETAIL LTD Unaudited accounts for the year ended 31 May 2024
IZAAN RETAIL LTD Unaudited accounts Contents
Page
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IZAAN RETAIL LTD Company Information for the year ended 31 May 2024
Director
Faiz Ahmad Faizi
Company Number
SC630697 (Scotland)
Registered Office
86 BINGHAM AVENUE EDINBURGH EH15 3HX SCOTLAND
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IZAAN RETAIL LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
- 
100 
Fixed assets
Intangible assets
15,000 
15,000 
Tangible assets
2,501 
7,106 
17,501 
22,106 
Current assets
Inventories
75,700 
74,700 
Debtors
25,001 
52,001 
Cash at bank and in hand
4,108 
17,843 
104,809 
144,544 
Creditors: amounts falling due within one year
(116,959)
(156,938)
Net current liabilities
(12,150)
(12,394)
Net assets
5,351 
9,812 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,251 
9,712 
Shareholders' funds
5,351 
9,812 
For the year ending 31 May 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 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 28 August 2024 and were signed on its behalf by
Faiz Ahmad Faizi Director Company Registration No. SC630697
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IZAAN RETAIL LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
IZAAN RETAIL LTD is a private company, limited by shares, registered in Scotland, registration number SC630697. The registered office is 86 BINGHAM AVENUE, EDINBURGH, EH15 3HX, SCOTLAND.
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 year, 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Plant & machinery
20% Straight Line Basis
Motor vehicles
20% Straight Line Basis
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
15,000 
At 31 May 2024
15,000 
Amortisation
At 1 June 2023
- 
At 31 May 2024
- 
Net book value
At 31 May 2024
15,000 
At 31 May 2023
15,000 
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IZAAN RETAIL LTD Notes to the Accounts for the year ended 31 May 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
6,250 
16,776 
23,026 
At 31 May 2024
6,250 
16,776 
23,026 
Depreciation
At 1 June 2023
2,500 
13,420 
15,920 
Charge for the year
1,250 
3,355 
4,605 
At 31 May 2024
3,750 
16,775 
20,525 
Net book value
At 31 May 2024
2,500 
1 
2,501 
At 31 May 2023
3,750 
3,356 
7,106 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,001 
52,001 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
9,707 
9,868 
Trade creditors
75,085 
73,066 
Taxes and social security
14,503 
12,004 
Other creditors
- 
12,633 
Loans from directors
17,664 
49,367 
116,959 
156,938 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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