Registered number
08364226
Eazi-Business Ltd
Filleted Accounts
31 July 2024
Eazi-Business Ltd
Registered number: 08364226
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 97,763 54,337
Cash at bank and in hand 21,167 151,877
118,930 206,214
Creditors: amounts falling due within one year 5 (45,216) (159,975)
Net current assets 73,714 46,239
Net assets 73,714 46,239
Capital and reserves
Called up share capital 2 3
Profit and loss account 73,712 46,236
Shareholders' funds 73,714 46,239
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Priyesh Vaghjiani Nitinkumar Karshanbhai Patel
Director Director
Approved by the board on 12 February 2025
Eazi-Business Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 13 13
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 22,567
At 31 July 2024 22,567
Depreciation
At 1 August 2023 22,567
At 31 July 2024 22,567
Net book value
At 31 July 2024 -
4 Debtors 2024 2023
£ £
Trade debtors 87,065 44,337
Other debtors 10,698 10,000
97,763 54,337
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,867 36,078
Trade creditors 8,960 3,972
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 52,442
Taxation and social security costs 20,090 33,107
Other creditors 9,299 34,376
45,216 159,975
6 Related party transactions
The were no dividends declared during the accounting period (2023 : £0) to Hafa Investments Ltd (holding company);

Mr Zakir Daud is also the director of Hafa Investments Ltd.
7 Controlling party
The ultimate control of the company lied with the holding company, Hafa Investments Ltd, until the year end of the company. Since 01/08/2024 the shareholding is as follows:
20% represented by 40,000 shares held by Hafa Investments Ltd;
40% represented by 80,000 shares held by Digital Inpired Ltd;
40% represented by 80,000 shares held by Satva Softech Ltd.
8 Other information
Eazi-Business Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Old School House
65a London Road
Oadby
Leicester
LE2 5DN
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