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NAZART LIMITED

Registered Number
11964442
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

NAZART LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

Sevgi Goktas

Registered Address

16 Tramway House Stonewood Road
Erith
Kent
DA8 1GX

Registered Number

11964442 (England and Wales)
NAZART LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets36671,031
6671,031
Current assets
Stocks17,0006,500
Debtors412,6837,875
Cash at bank and on hand47,76549,901
77,44864,276
Creditors amounts falling due within one year5(27,006)(24,783)
Net current assets (liabilities)50,44239,493
Total assets less current liabilities51,10940,524
Creditors amounts falling due after one year(12,492)(22,450)
Net assets38,61718,074
Capital and reserves
Called up share capital1,0001,000
Profit and loss account37,61717,074
Shareholders' funds38,61718,074
The financial statements were approved and authorised for issue by the Director on 20 August 2024, and are signed on its behalf by:
Sevgi Goktas
Director
Registered Company No. 11964442
NAZART LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery3
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year23
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 May 231,091
At 30 April 241,091
Depreciation and impairment
At 01 May 2360
Charge for year364
At 30 April 24424
Net book value
At 30 April 24667
At 30 April 231,031
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables3,2603,575
Other debtors5,7032,903
Called up share capital not paid, current asset1,0001,000
Prepayments and accrued income2,720397
Total12,6837,875
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables4,7733,294
Bank borrowings and overdrafts9,9589,958
Amounts owed to related parties2341
Taxation and social security9,21910,721
Other creditors2,10290
Accrued liabilities and deferred income720719
Total27,00624,783
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.