2024-04-01 2025-03-31 10714236 CRIZAC LTD false 10714236 2024-04-01 2025-03-31 10714236 uk-bus:Director1 2024-04-01 2025-03-31 10714236 uk-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10714236 uk-bus:SmallEntities 2024-04-01 2025-03-31 10714236 uk-bus:FullAccounts 2024-04-01 2025-03-31 10714236 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10714236 2024-04-01 10714236 2025-03-31 10714236 2024-03-31 xbrli:pure iso4217:GBP 10714236 2023-04-01 2024-03-31

Company Registration Number : 10714236 (England and Wales)
10714236
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2025-03-31
false
CRIZAC LTD
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2024-04-01
CRIZAC LTD Annual Report and Financial Statements For the year ended 31 March 2025

CRIZAC LTD Contents For the year ended 31 March 2025

CONTENTS | PAGE
Company Information | 3
Directors' Report | 4
Statement of Financial Position | 5
Statement of movement in equity | 6
Notes to the Financial Statements | 7 - 14

CRIZAC LTD Company Information For the year ended 31 March 2025

Company registration number |  | 10714236 (England and Wales)
Directors |  | Sumit Jain
|  | Vikash Agarwal
|  | Rakesh Kumar Agrawal
|  | Gaurav Agarwal
Registered office address |  | 24
|  | Great Chapel Street
|  | London
|  | W1F 8FS

CRIZAC LTD Directors' Report For the year ended 31 March 2025

The directors present their report and the Unaudited Financial Statements for the year ended 31 March 2025.
Principal activity
The principal activity of the company continued to be that of commission received as agents from Universities and recognised in the year when the performance obligation and approval of the commission amount approval is received from the universities.
Going concern
The company has been generating sufficient new business from the universities and at the date of signing the financial statement the company has sufficient cash reserve to pay off the termination fees along with other short-term working capital liabilities if needed.
Directors of the company
The following directors held office during the whole of the period:
Sumit Jain
Vikash Agarwal
Rakesh Kumar Agrawal
Gaurav Agarwal
Statement of directors' responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare such financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), FRS 102 1A Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to; -select suitable accounting policies and then apply them consistently; -make judgements and accounting estimates that are reasonable and prudent; and -prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Act 2006.
Approved by the Board of directors and signed on its behalf by:
Gaurav Agarwal (Director)
Date: 05 June 2025
This report was approved by the board on 2025-06-05 Date: 05 June 2025

4

CRIZAC LTD Statement of Financial Position For the year ended 31 March 2025

|  |  | 2025 |  | 2024
| Notes |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets |  |  | 753,696 |  | -
| 5 |  | 753,696 |  | -
Current assets |  |  |  |  |
Debtors |  |  | 28,102,705 |  | 3,649,102
Cash and cash equivalents |  |  | 2,679,049 |  | 4,756,400
|  |  | 30,781,754 |  | 8,405,502
Current liabilities |  |  |  |  |
Creditors: Amounts falling due within one year |  |  | (28,259,588) |  | (7,468,200)
Corporation tax payable |  |  | (34,904) |  | (104,204)
|  |  | (28,294,492) |  | (7,572,404)
Net current assets/(liabilities) |  |  | 2,487,262 |  | 833,098
Total assets less current liabilities |  |  | 3,240,958 |  | 833,098
Non-current liabilities |  |  |  |  |
Provisions for liabilities |  |  | (5,150,000) |  | (7,150,000)
Net (liabilities)/assets |  |  | (1,909,042) |  | (6,316,902)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Retained earnings |  |  | (1,909,142) |  | (6,317,002)
Shareholder's funds |  |  | (1,909,042) |  | (6,316,902)
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
For the year ended 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared 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.
Approved by the Board on 05 June 2025
.............................
Gaurav Agarwal (Director)
Company registration number: 10714236

/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */

Balance sheet at 2025-03-31 31 March 2025
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Fixed Assets |  |  |  | 753,696 |  | 0
Current Assets |  |  |  | 30,781,754 |  | 8,405,502
Cash in Hand/Bank |  |  |  | 2,679,049 |  | 4,756,400
Creditors: amounts falling due within one year |  |  |  | (28,294,492) |  | (7,572,404)
Net current assets/(liabilities) |  |  |  | 2,487,262 |  | 833,098
Total assets less current liabilities |  |  |  | 3,240,958 |  | 833,098
Provisions for liabilities |  |  |  | (5,150,000) |  | (7,150,000)
Net Assets/(liabilities) |  |  |  | (1,909,042) |  | (6,316,902)
Capital and Reserves |  |  |  | (1,909,042) |  | (6,316,902)
Called up share capital |  |  |  | 100 |  | 100
Profit and loss account |  |  |  | (1,909,142) |  | (6,317,002)
SHAREHOLDER'S FUND |  |  |  | (1,909,042) |  | (6,316,902)
For the year ending 31/03/2025 the company was entitled to exemption 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. For the year ending 31-03-2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year 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 accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 05 June 2025 2025-06-05 and signed on behalf of the board, |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
Gaurav Agarwal |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |
Company registration number: 10714236 |  |  |  |  |  |  |  |  |  |

CRIZAC LTD Statement of movement in equity For the year ended 31 March 2025

| Equity share capital |  | Retained earnings |  | Total
--- | --- | --- | --- | --- | ---
| £ |  | £ |  | £
As on 01 Apr 2023 | - |  | 520,385 |  | 520,385
Movement in share capital | 100 |  | - |  | 100
Profit/Loss for the year | - |  | (6,837,387) |  | (6,837,387)
As on 31 Mar 2024 and 01 Apr 2024 | 100 |  | (6,317,002) |  | (6,316,902)
Profit/Loss for the year | - |  | 4,407,860 |  | 4,407,860
As on 31 Mar 2025 | 100 |  | (1,909,142) |  | (1,909,042)

CRIZAC LTD Notes to the Financial Statements For the year ended 31 March 2025

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 24, Great Chapel Street, London, W1F 8FS.
(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.
(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis over its useful life, which is estimated to be 5 years. Goodwill amortisation is included within administration expenses.
Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. When a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred Tax
A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods. Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised 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 liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
(4) Employees
During the year, the average number of employees including director was 5 (2024 : 4).
(5) Fixed assets
| Intangible £
Cost |
Additions | 869,298
As at 31 March 2025 | 869,298
Depreciation/Amortisation |
For the year | 115,602
As at 31 March 2025 | 115,602
Net book value |
As at 31 March 2025 | 753,696
As at 31 March 2024 | -
(6) Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006: The auditor's report was unqualified. Senior statutory auditor: Mr Vishal Bhatt Statutory auditor: BLS Burnells LLP Date of audit report: 5th June 2025