Company Registration No. SC564606 (Scotland)
AZM LETS LTD.
Unaudited accounts
for the year ended 30 April 2024
AZM LETS LTD.
Unaudited accounts
Contents
AZM LETS LTD.
Company Information
for the year ended 30 April 2024
Directors
Shabana Mohammed
Abdul Mohammed
Company Number
SC564606 (Scotland)
Registered Office
10 Burns Avenue
The Inches
Larbert
FK5 4FB
Scotland
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
AZM LETS LTD.
Statement of financial position
as at 30 April 2024
Investment property
84,140
84,140
Cash at bank and in hand
7,118
6,861
Creditors: amounts falling due within one year
(92,499)
(93,128)
Net current liabilities
(85,381)
(86,267)
Net liabilities
(1,241)
(2,127)
Called up share capital
100
100
Profit and loss account
(1,341)
(2,227)
Shareholders' funds
(1,241)
(2,127)
For the year ending 30 April 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 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 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 of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by
Shabana Mohammed
Director
Company Registration No. SC564606
AZM LETS LTD.
Notes to the Accounts
for the year ended 30 April 2024
AZM LETS LTD. is a private company, limited by shares, registered in Scotland, registration number SC564606. The registered office is 10 Burns Avenue, The Inches, Larbert, FK5 4FB, 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 to include investment properties at fair value.
The accounts are presented in £ sterling which is the functional currency of the company. All financial information has been rounded to the nearest £.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 May 2023
84,140
The fair value of the investment properties has been arrived at on the basis of valuations carried out at 30 April 2022 by the directors. The valuations were made on an open market value basis by reference to market evidence of transaction prices for similar properties in a similar location.
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
91,715
92,865
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).