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Registered Number: 05707400
England and Wales

 

 

 

FAZALS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 28 February 2024
 
 
Notes
 
2024
£
  2023
£
Current assets      
Stocks   900 
Cash at bank and in hand 1,207    159 
1,207    1,059 
Creditors: amount falling due within one year (13,070)   (5,466)
Net current assets (11,863)   (4,407)
 
Total assets less current liabilities (11,863)   (4,407)
Creditors: amount falling due after more than one year (3,109)   (4,092)
Net assets (14,972)   (8,499)
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account (15,072)   (8,599)
Shareholders' funds (14,972)   (8,499)
 


For the accounting year the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 28 November 2024 and were signed by:


-------------------------------
Perwaiz AHMAD
Director
1
General Information
FAZALS LIMITED is a private company, limited by shares, registered in England, registration number 05707400, registration address 71 Faraday Road, Welling, DA16 2ET

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
Cost of sales
Cost of sales comprises the invoiced value of goods and services purchased by the company, net of trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the Profit Loss Account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the Profit Loss Account as the related expenditure is incurred.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Staff Costs

2024
£
  2023
£
Wages and salaries 12,000    12,190 
Pension costs, defined contribution plan 420    476 
12,420    12,666 
 
Average number of employees during the year Number   Number
Administration 1    1 
 

3.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

2