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REGISTERED NUMBER: SC607071 (Scotland)















IZAT ARUNDELL LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024






IZAT ARUNDELL LIMITED (REGISTERED NUMBER: SC607071)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IZAT ARUNDELL LIMITED

COMPANY INFORMATION
For The Year Ended 30 September 2024







DIRECTORS: J E P Arundell
K E Izat





REGISTERED OFFICE: 12b Geocrab
Isle of Harris
HS3 3HB





REGISTERED NUMBER: SC607071 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

IZAT ARUNDELL LIMITED (REGISTERED NUMBER: SC607071)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 397 713

CURRENT ASSETS
Debtors 5 413 11,062
Cash at bank 3,452 675
3,865 11,737
CREDITORS
Amounts falling due within one year 6 36,706 30,361
NET CURRENT LIABILITIES (32,841 ) (18,624 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,444

)

(17,911

)

CREDITORS
Amounts falling due after more than one
year

7

2,800

7,000
NET LIABILITIES (35,244 ) (24,911 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (35,254 ) (24,921 )
SHAREHOLDERS' FUNDS (35,244 ) (24,911 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

IZAT ARUNDELL LIMITED (REGISTERED NUMBER: SC607071)

BALANCE SHEET - continued
30 September 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 29 November 2024 and were signed on its behalf by:





K E Izat - Director


IZAT ARUNDELL LIMITED (REGISTERED NUMBER: SC607071)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024


1. STATUTORY INFORMATION

Izat Arundell Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. 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
Turnover represents services provided in the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Financial instruments
Basic financial liabilities, including trade and other payables, bank loans and other loans that are classified as debt, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
Taxation for the year comprises current 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 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.

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.

The company makes pension contributions to personal pension schemes. Contributions payable to these pension schemes are charged to the profit or loss in the period to which they relate.

Going concern
The directors have prepared the accounts on a going concern basis despite there being net liabilities at the balance sheet date as the company has met all liabilities as they fall due since the year end. The directors will not seek repayment of their loan until the company has sufficient funds available.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

IZAT ARUNDELL LIMITED (REGISTERED NUMBER: SC607071)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 12,371
Additions 387
Disposals (315 )
At 30 September 2024 12,443
DEPRECIATION
At 1 October 2023 11,658
Charge for year 703
Eliminated on disposal (315 )
At 30 September 2024 12,046
NET BOOK VALUE
At 30 September 2024 397
At 30 September 2023 713

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 10,350
Other debtors 413 712
413 11,062

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 4,200 4,200
Directors' loan account 27,211 23,191
Taxation and social security - 110
Other creditors 5,295 2,860
36,706 30,361

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loan 2,800 7,000

8. RELATED PARTY DISCLOSURES

At 30 September 2024 the company's directors provided an interest free loans to the company of £27,211 (2023, £23,191). There are no fixed repayment terms for these loans.