IZK LTD

Company Registration Number:
11680281 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

IZK LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

IZK LTD

Company Information

for the Period Ended 30 November 2023




Director: Inderjit Kundi
Registered office: 52
Kingsway
Stanwell, Staines
Middlesex
GBR
TW19 7QE
Company Registration Number: 11680281 (England and Wales)

IZK LTD

Directors' Report Period Ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Directors

The directors shown below have held office during the whole of the period from 01 December 2022 to 30 November 2023
Inderjit Kundi

This report was approved by the board of directors on 29 November 2024
And Signed On Behalf Of The Board By:

Name: Inderjit Kundi
Status: Director

IZK LTD

Profit and Loss Account

for the Period Ended 30 November 2023


Notes

2023
£

2022
£
Turnover 12,271 10,967
Gross Profit or (Loss) 12,271 10,967
Administrative Expenses ( 5,061 ) ( 6,367 )
Operating Profit or (Loss) 7,210 4,600
Interest Payable and Similar Charges ( 3,516 ) ( 3,522 )
Profit or (Loss) Before Tax 3,694 1,078
Tax on Profit ( 769 ) ( 295 )
Profit or (Loss) for Period 2,925 783

The notes form part of these financial statements

IZK LTD

Balance sheet

As at 30 November 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 141,613 141,969
Total fixed assets: 141,613 141,969
Current assets
Stocks: 6,099 6,099
Debtors: 5 95 95
Cash at bank and in hand: 501 638
Total current assets: 6,695 6,832
Creditors: amounts falling due within one year: 6 ( 1,269 ) ( 795 )
Net current assets (liabilities): 5,426 6,037
Total assets less current liabilities: 147,039 148,006
Creditors: amounts falling due after more than one year: 7 ( 146,115 ) ( 150,007 )
Total net assets (liabilities): 924 ( 2,001 )

The notes form part of these financial statements

IZK LTD

Balance sheet continued

As at 30 November 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 824 ( 2,101 )
Shareholders funds: 924 ( 2,001 )

For the year ending 30 November 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 29 November 2024
And Signed On Behalf Of The Board By:

Name: Inderjit Kundi
Status: Director

The notes form part of these financial statements

IZK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 is reduced for estimated customer returns, rebates and other similar allowances.

IZK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

IZK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 3. Off balance sheet disclosure

    No

IZK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Tangible assets

Land & buildings Fixtures & fittings Office equipment Total
Cost £ £ £ £
At 01 December 2022 140,548 2,787 1,289 144,624
Additions - - - -
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 30 November 2023 140,548 2,787 1,289 144,624
Depreciation
At 01 December 2022 - 1,815 840 2,655
Charge for year - 244 112 356
On disposals - - - -
Other adjustments - - - -
At 30 November 2023 - 2,059 952 3,011
Net book value
At 30 November 2023 140,548 728 337 141,613
At 30 November 2022 140,548 972 449 141,969

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates
calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases

Fixtures & Fittings: 25% Reducing Balance
Computer Equipment: 25% Reducing Balance

Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for
comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided
for. Changes in fair value are recognised in the profit and loss account.

IZK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Debtors


2023
£

2022
£
Trade debtors 95 95
Total 95 95

IZK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Taxation and social security 769 295
Accruals and deferred income 500 500
Total 1,269 795

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive
income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The
company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the
corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences.
Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be
available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each
reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to
be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset
realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities
are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the
tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the
carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive
income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity
respectively.

IZK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 102,510 102,510
Other creditors 43,605 47,497
Total 146,115 150,007

IZK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

8.1.Related party disclosures

Name of related party: Inderjit Kundi
Description of relationship:
Director
Description of the transaction:
Included within Creditors is the loan balance of £43,605 (2022: £47,497) from the director at the end of the year. The loan is unsecured, interest free and repayable on demand.
Balance at 01 December 2022 47,497
Balance at 30 November 2023 43,605