AAZIZ & CO LTD - Filleted accounts

Registered number

07937707

AAZIZ & CO LTD

Report and Accounts

31 March 2025

AAZIZ & CO LTD
Registered number:		07937707
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		112,672			72,920

Current assets
Debtors	4	24,014			44,146
Cash at bank and in hand		25,137			105,890
		49,151			150,036

Creditors: amounts falling due within one year	5	(79,674)			(101,056)

Net Current Assets			(30,523)			48,980

Total assets less current liabilities			82,149			121,900

Creditors: amounts falling due after more than one year	6		-			(28,886)



Net Assets			82,149			93,014

Capital and reserves
Called up share capital			100			100
Profit and loss account			82,049			92,914

Shareholders' funds			82,149			93,014

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.




Mr. Muhammad Ajmal BAIG
Director
Approved by the board on 1 October 2025

AAZIZ & CO LTD
Notes to the Accounts
for the year ended 31 March 2025


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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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

	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.

	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.


2	Employees				2025		2024
Number						Number

	Average number of persons employed by the company				3		3


3	Tangible fixed assets
			Land and buildings		Plant and machinery etc		Total
£				£		£
	Cost
	At 1 April 2024		64,604		18,507		83,111
	Additions		41,248		4,737		45,985
	At 31 March 2025		105,852		23,244		129,096

	Depreciation
	At 1 April 2024		-		10,191		10,191
	Charge for the year		-		6,233		6,233
	At 31 March 2025		-		16,424		16,424

	Net book value
	At 31 March 2025		105,852		6,820		112,672
	At 31 March 2024		64,604		8,316		72,920


4	Debtors				2025		2024
£						£

	Trade debtors				20,514		40,646
	Security Deposits				3,500		3,500
					24,014		44,146


5	Creditors: amounts falling due within one year				2025		2024
£						£

	Accrued Expense				30,000		30,000
	Credit Card Balance				742		27
	Director Loan				4,147		7,927
	Trade creditors				2,889		8,660
	VATControl Account				3,687		7,307
	Corporation Tax Payable				4,179		13,053
	Proposed Dividends				24,000		22,100
	VAT payable				10,030		11,982
					79,674		101,056


6	Creditors: amounts falling due after one year				2025		2024
£						£

	Bank loans				-		28,886


7	Other Information
	Mr Muhammad Ajmal Baig	55%
	Mrs Faraha Azeem	45%

	AAZIZ & CO LTD is a private company limited by shares and incorporated in England. Its registered office is:
	2 Sanders Parade
	Greyhound Lane
	Streatham, London
	SW16 5NL