Company Registration No. 11902635 (England and Wales)
ADZZIP LTD
Unaudited accounts
for the year ended 31 March 2025
ADZZIP LTD
Unaudited accounts
Contents
ADZZIP LTD
Company Information
for the year ended 31 March 2025
Directors
E Aghanoorian
G Kamyab
Company Number
11902635 (England and Wales)
Registered Office
41 James Close
Chippenham
Wiltshire
SN15 3YA
England
Accountants
Malloy Accounting Limited
40 Kings Park
Scotland Gate
Choppington
Northumberland
NE62 5SD
ADZZIP LTD
Statement of financial position
as at 31 March 2025
Investment property
102,193
102,193
Investments
90,423
100,675
Cash at bank and in hand
617
734
Creditors: amounts falling due within one year
(104,608)
(108,037)
Net current liabilities
(103,991)
(107,303)
Total assets less current liabilities
88,625
95,565
Creditors: amounts falling due after more than one year
(44,908)
(49,270)
Called up share capital
2
2
Profit and loss account
43,715
46,293
Shareholders' funds
43,717
46,295
For the year ending 31 March 2025 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 21 June 2025 and were signed on its behalf by
E Aghanoorian
Director
Company Registration No. 11902635
ADZZIP LTD
Notes to the Accounts
for the year ended 31 March 2025
ADZZIP LTD is a private company, limited by shares, registered in England and Wales, registration number 11902635. The registered office is 41 James Close, Chippenham, Wiltshire, SN15 3YA, England.
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 by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
Fair value at 1 April 2024
102,193
5
Investments
Other investments
Valuation at 1 April 2024
100,675
Fair value adjustments
(10,252)
Valuation at 31 March 2025
90,423
ADZZIP LTD
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
6,183
5,987
Taxes and social security
2,035
1,904
Other creditors
95,726
99,396
7
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
16,582
14,673
8
Transactions with related parties
During the year the company entered into the following transactions with related parties:
At the end of the year, the directors were owed £16,582 by the company (2024 - £14,673). The loan is unsecured and interest free with no fixed repayment terms in place.
At the end of the year, the company owed a company under common control £93,089 (2024 - £96,759). The loan is unsecured and interest free with no fixed repayment terms in place.
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).