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Company Registration No. 12734852 (England and Wales)
IZSK LTD Unaudited accounts for the year ended 31 July 2025
IZSK LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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IZSK LTD Company Information for the year ended 31 July 2025
Directors
Mr Ebraz Khan Mrs Saima Sharif
Company Number
12734852 (England and Wales)
Registered Office
186 Balmoral Road Watford Hertfordshire WD24 4EY
Accountants
IAB Accountants Limited 200 Selbourne Road Luton Bedfordshire LU4 8LT
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of IZSK LTD for the year ended 31 July 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of IZSK LTD for the year ended 31 July 2025 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of IZSK LTD, as a body, in accordance with the terms of our engagement letter dated 18 October 2021. Our work has been undertaken solely to prepare for your approval the accounts of IZSK LTD and state those matters that we have agreed to state to the Board of Directors of IZSK LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IZSK LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that IZSK LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of IZSK LTD. You consider that IZSK LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of IZSK LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
IAB Accountants Limited Chartered Certified Accountants 200 Selbourne Road Luton Bedfordshire LU4 8LT 31 October 2025
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IZSK LTD Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
433,318
430,063
Current assets
Debtors
5
947
917
Cash at bank and in hand
14,665
14,893
15,612
15,810
Creditors: amounts falling due within one year
6
(6,341)
(5,841)
Net current assets
9,271
9,969
Total assets less current liabilities
442,589
440,032
Creditors: amounts falling due after more than one year
7
(431,400)
(431,400)
Net assets
11,189
8,632
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
11,089
8,532
Shareholders' funds
11,189
8,632
For the year ending 31 July 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 31 October 2025 and were signed on its behalf by
Mr Ebraz Khan Director Company Registration No. 12734852
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IZSK LTD Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
IZSK LTD is a private company, limited by shares, registered in England and Wales, registration number 12734852. The registered office is 186 Balmoral Road, Watford, Hertfordshire, WD24 4EY.
2
Compliance with accounting standards
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
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.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
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.
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IZSK LTD Notes to the Accounts for the year ended 31 July 2025
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 August 2024
430,063
Additions
3,255
At 31 July 2025
433,318
Depreciation
At 31 July 2025
-
Net book value
At 31 July 2025
433,318
At 31 July 2024
430,063
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IZSK LTD Notes to the Accounts for the year ended 31 July 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
847
817
Other debtors
100
100
947
917
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
6,341
5,841
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
291,087
291,087
Loans from directors
140,313
140,313
431,400
431,400
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
The company was under the control of the directors throughout the current year. Included in other creditors is an amount of £6,341 (2024: £5,841) owed to the directors by the company. The company owed £140,313 (2024: £140,313) to the directors which was used to pay deposit for the properties.
10
Controlling party
The ultimate controlling party is Ebraz Khan and Saima Sharif.
11
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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