Company Registration No. 8860323 (England and Wales)
AIZ Consulting Ltd
Unaudited accounts
for the year ended 31 March 2024
AIZ Consulting Ltd
Unaudited accounts
Contents
AIZ Consulting Ltd
Company Information
for the year ended 31 March 2024
Company Number
8860323 (England and Wales)
Registered Office
164 New Cavendish Street
London
England
W1W 6YT
United Kingdom
AIZ Consulting Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
3,750
6,250
Cash at bank and in hand
12,078
24,593
Creditors: amounts falling due within one year
(23,215)
(20,108)
Net current assets
42,605
39,683
Total assets less current liabilities
46,355
45,933
Creditors: amounts falling due after more than one year
(45,627)
(45,627)
Called up share capital
100
100
Profit and loss account
628
206
Shareholders' funds
728
306
For the year ending 31 March 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 27 December 2024 and were signed on its behalf by
S Sahi
Director
Company Registration No. 8860323
AIZ Consulting Ltd
Notes to the Accounts
for the year ended 31 March 2024
AIZ Consulting Ltd is a private company, limited by shares, registered in England and Wales, registration number 8860323. The registered office is 164 New Cavendish Street, London, England, W1W 6YT, United Kingdom.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Expenditure on research and development is written off in the year in which it is incurred.
AIZ Consulting Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
3,000
8,651
11,651
At 31 March 2024
3,000
8,651
11,651
At 1 April 2023
750
4,651
5,401
Charge for the year
750
1,750
2,500
At 31 March 2024
1,500
6,401
7,901
At 31 March 2024
1,500
2,250
3,750
At 31 March 2023
2,250
4,000
6,250
Amounts falling due within one year
Trade debtors
27,601
15,000
Other debtors
26,141
20,198
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,398
5,000
Trade creditors
3,800
3,000
Taxes and social security
11,688
5,480
Other creditors
1,229
2,628
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
During the period interim dividends of £935 (2023: £737) were paid to the director, Mr S Sahi, a sole director and 11% shareholder of the company.
AIZ Consulting Ltd
Notes to the Accounts
for the year ended 31 March 2024
10
Average number of employees
During the year the average number of employees was 16 (2023: 18).