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REGISTERED NUMBER: 10935619 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Izen Ltd

Izen Ltd (Registered number: 10935619)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Izen Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr V Lungu





REGISTERED OFFICE: 118 Bellhouse Road
Sheffield
United Kingdom
S5 6HN





REGISTERED NUMBER: 10935619 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Izen Ltd (Registered number: 10935619)

Balance Sheet
31 August 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Intangible assets 4 761 560
Tangible assets 5 891 -
1,652 560

CURRENT ASSETS
Stocks 24,951 19,853
Debtors 6 - 250
Cash at bank and in hand 33,141 41,779
58,092 61,882
CREDITORS
Amounts falling due within one year 7 19,536 26,477
NET CURRENT ASSETS 38,556 35,405
TOTAL ASSETS LESS CURRENT LIABILITIES 40,208 35,965

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 40,207 35,964
40,208 35,965

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Izen Ltd (Registered number: 10935619)

Balance Sheet - continued
31 August 2024


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 director and authorised for issue on 31 May 2025 and were signed by:





Mr V Lungu - Director


Izen Ltd (Registered number: 10935619)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Izen 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Izen Ltd (Registered number: 10935619)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 September 2023 560
Additions 201
At 31 August 2024 761
NET BOOK VALUE
At 31 August 2024 761
At 31 August 2023 560

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
Additions 1,052
At 31 August 2024 1,052
DEPRECIATION
Charge for year 161
At 31 August 2024 161
NET BOOK VALUE
At 31 August 2024 891

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors - 250

Izen Ltd (Registered number: 10935619)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 2,918 1,526
Taxation and social security 10,656 20,353
Other creditors 5,962 4,598
19,536 26,477