Company Registration No. SC630697 (Scotland)
IZAAN RETAIL LTD
Unaudited accounts
for the year ended 31 May 2024
IZAAN RETAIL LTD
Unaudited accounts
Contents
IZAAN RETAIL LTD
Company Information
for the year ended 31 May 2024
Company Number
SC630697 (Scotland)
Registered Office
86 BINGHAM AVENUE
EDINBURGH
EH15 3HX
SCOTLAND
IZAAN RETAIL LTD
Statement of financial position
as at 31 May 2024
Called up share capital not paid
-
100
Intangible assets
15,000
15,000
Tangible assets
2,501
7,106
Cash at bank and in hand
4,108
17,843
Creditors: amounts falling due within one year
(116,959)
(156,938)
Net current liabilities
(12,150)
(12,394)
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
IZAAN RETAIL LTD
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
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
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
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
At 31 May 2024
2,500
1
2,501
At 31 May 2023
3,750
3,356
7,106
Amounts falling due within one year
Trade debtors
25,001
52,001
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
75,085
73,066
Taxes and social security
14,503
12,004
Loans from directors
17,664
49,367
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).