Scuzi Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12951084

Scuzi Limited

Filleted Unaudited Financial Statements

29 December 2024

Scuzi Limited

Statement of Financial Position

29 December 2024

	29 Dec 24	31 Dec 23
Note	£	£

Fixed Assets

Tangible assets	5	584,147	548,273

Current Assets

Stocks		174,501	136,825
Debtors	6	168,082	159,641
Cash at bank and in hand		345,060	111,280
		---------	---------
		687,643	407,746

Creditors: amounts falling due within one year	7	( 608,512)	( 426,175)
		---------	---------
Net Current Assets/(Liabilities)		79,131	( 18,429)
		---------	---------
Total Assets Less Current Liabilities		663,278	529,844

Creditors: amounts falling due after more than one year	8	( 763,437)	( 623,273)
		---------	---------
Net Liabilities		( 100,159)	( 93,429)
		---------	---------

Capital and Reserves

Called up share capital	100	100
Profit and loss account	( 100,259)	( 93,529)
	---------	--------
Shareholders Deficit	( 100,159)	( 93,429)
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the period ending 29 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Scuzi Limited

Statement of Financial Position (continued)

29 December 2024

These financial statements were approved by the board of directors and authorised for issue on 13 September 2025 , and are signed on behalf of the board by:

Mr Mehdi Gashi

Director

Company registration number: 12951084

Scuzi Limited

Notes to the Financial Statements

Period from 1 January 2024 to 29 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 4, 34a Waterloo Road, London, NW2 7UH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% reducing balance
Equipment	-	33% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 53 (2023: 53 ).

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 January 2024	660,646	52,399	713,045
Additions	193,177	12,606	205,783
	---------	--------	---------
At 29 December 2024	853,823	65,005	918,828
	---------	--------	---------
Depreciation
At 1 January 2024	143,286	21,486	164,772
Charge for the period	151,954	17,955	169,909
	---------	--------	---------
At 29 December 2024	295,240	39,441	334,681
	---------	--------	---------
Carrying amount
At 29 December 2024	558,583	25,564	584,147
	---------	--------	---------
At 31 December 2023	517,360	30,913	548,273
	---------	--------	---------

6. Debtors

	29 Dec 24	31 Dec 23
	£	£
Other debtors	168,082	159,641
	---------	---------

7. Creditors: amounts falling due within one year

	29 Dec 24	31 Dec 23
	£	£
Trade creditors	156,786	140,977
Social security and other taxes	233,030	143,907
Other creditors	218,696	141,291
	---------	---------
	608,512	426,175
	---------	---------

8. Creditors: amounts falling due after more than one year

	29 Dec 24	31 Dec 23
	£	£
Other creditors	763,437	623,273
	---------	---------

9. Directors' advances, credits and guarantees

During the period the directors entered into the following advances and credits with the company:

	29 Dec 24
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr Jonathan Samuel Kaye	( 500,000)	( 150,000)	( 650,000)
	---------	---------	---------

	31 Dec 23
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr Jonathan Samuel Kaye	( 200,000)	( 300,000)	( 500,000)
	---------	---------	---------