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REGISTERED NUMBER: 09125331 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

CJAZ LTD

CJAZ LTD (REGISTERED NUMBER: 09125331)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CJAZ LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr N Zimaras
Mrs C Zimaras





REGISTERED OFFICE: 20 Glenbrook South
Enfield
Middlesex
EN2 7HQ





REGISTERED NUMBER: 09125331 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

CJAZ LTD (REGISTERED NUMBER: 09125331)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,583 11,083
Tangible assets 5 5,783 8,435
7,366 19,518

CURRENT ASSETS
Debtors 6 75,979 77,120
Cash at bank and in hand 28,574 34,539
104,553 111,659
CREDITORS
Amounts falling due within one year 7 102,894 109,643
NET CURRENT ASSETS 1,659 2,016
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,025

21,534

CREDITORS
Amounts falling due after more than one
year

8

(4,405

)

(9,546

)

PROVISIONS FOR LIABILITIES (1,400 ) (5,300 )
NET ASSETS 3,220 6,688

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,120 6,588
SHAREHOLDERS' FUNDS 3,220 6,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 23 December 2024 and were signed on its behalf by:




Mr N Zimaras - Director


CJAZ LTD (REGISTERED NUMBER: 09125331)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

CJAZ Ltd is a private company, limited by shares , registered in England and Wales. 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 net invoiced sales of services and goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Fixtures and fittings - 33% on cost
Computer equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

CJAZ LTD (REGISTERED NUMBER: 09125331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 95,000
AMORTISATION
At 1 August 2023 83,917
Charge for year 9,500
At 31 July 2024 93,417
NET BOOK VALUE
At 31 July 2024 1,583
At 31 July 2023 11,083

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 11,036 5,119 12,906 29,061
Additions - - 890 890
At 31 July 2024 11,036 5,119 13,796 29,951
DEPRECIATION
At 1 August 2023 5,890 5,119 9,617 20,626
Charge for year 1,029 - 2,513 3,542
At 31 July 2024 6,919 5,119 12,130 24,168
NET BOOK VALUE
At 31 July 2024 4,117 - 1,666 5,783
At 31 July 2023 5,146 - 3,289 8,435

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,572 35,178
Other debtors 57,407 41,942
75,979 77,120

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,141 5,012
Trade creditors 25,287 33,624
Taxation and social security 55,654 47,112
Other creditors 16,812 23,895
102,894 109,643

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,405 9,546

CJAZ LTD (REGISTERED NUMBER: 09125331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 8,500 -
Between one and five years 6,375 -
14,875 -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr N Zimaras
Balance outstanding at start of year 9,780 21,034
Amounts advanced 86,788 -
Amounts repaid (75,882 ) (11,254 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,686 9,780

Mrs C Zimaras
Balance outstanding at start of year 12,153 -
Amounts advanced 23,200 12,153
Amounts repaid (26,004 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,349 12,153

During the period under review, interest amounting to £696 (2023: £173) was charged on the director's overdrawn loan account.