Company Registration No. SC412934 (Scotland)
Nazmar Limited
Unaudited filleted financial statements
for the year ended 31 March 2025
Nazmar Limited
Unaudited filleted financial statements
Contents
Nazmar Limited
Company Information
for the year ended 31 March 2025
Directors
Mr N Ramzan
Mrs Y Ramzan
Company Number
SC412934 (Scotland)
Registered Office
35 Main Street
Cambuslang
Glasgow
G72 7HB
Accountants
F & R Watson Accountants Limited
16 Kirk Brae
Maybole
KA19 7ER
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Nazmar Limited
for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Nazmar Limited for the year ended
31 March 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 Nazmar Limited, as a body, in accordance with the terms of our engagement letter dated 5 October 2021. Our work has been undertaken solely to prepare for your approval the accounts of Nazmar Limited and state those matters that we have agreed to state to the Board of Directors of Nazmar Limited, 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 Nazmar Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Nazmar Limited 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 Nazmar Limited. You consider that Nazmar Limited 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 Nazmar Limited. 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.
F & R Watson Accountants Limited
Chartered Certified Accountants
16 Kirk Brae
Maybole
KA19 7ER
15 December 2025
Nazmar Limited
Statement of financial position
as at 31 March 2025
Tangible assets
206,014
207,802
Cash at bank and in hand
201,844
202,947
Creditors: amounts falling due within one year
(167,647)
(181,179)
Net current assets
56,309
49,846
Total assets less current liabilities
262,323
257,648
Creditors: amounts falling due after more than one year
(64,892)
(89,281)
Provisions for liabilities
Deferred tax
(46,626)
(46,095)
Net assets
150,805
122,272
Called up share capital
100
100
Profit and loss account
150,705
122,172
Shareholders' funds
150,805
122,272
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 15 December 2025 and were signed on its behalf by
Mr N Ramzan
Director
Company Registration No. SC412934
Nazmar Limited
Notes to the Accounts
for the year ended 31 March 2025
Nazmar Limited is a private company, limited by shares, registered in Scotland, registration number SC412934. The registered office is 35 Main Street, Cambuslang, Glasgow, G72 7HB.
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.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least the twelve months following the approval of the financial statements.
The accounts have been prepared under the historical cost basis.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
2.5 to 10 years straight line
Motor vehicles
5 years straight line
Computer equipment
3 years straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and other costs in bringing the inventories to their present location and condition.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Nazmar Limited
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments according to the substance of the contractual arrangement.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis, or to realise the assets and settle the liabilities simultaneously.
Financial assets are measured at cost less any provision for impairment. Financial liabilities are measured at principal capital amounts outstanding at the period end.
An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
438,426
110,535
6,821
555,782
Additions
45,940
-
754
46,694
Disposals
(9,750)
-
(1,042)
(10,792)
At 31 March 2025
474,616
110,535
6,533
591,684
At 1 April 2024
335,077
8,861
4,042
347,980
Charge for the year
28,642
17,788
2,052
48,482
On disposals
(9,750)
-
(1,042)
(10,792)
At 31 March 2025
353,969
26,649
5,052
385,670
At 31 March 2025
120,647
83,886
1,481
206,014
At 31 March 2024
103,349
101,674
2,779
207,802
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
7,658
11,653
- Motor vehicles
83,550
101,140
Nazmar Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
9,817
13,544
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
13,911
Obligations under finance leases and hire purchase contracts
10,099
15,863
Trade creditors
51,705
36,810
Taxes and social security
30,750
16,835
Other creditors
5,481
37,700
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
59,892
69,990
The company operated a defined contribution pension scheme that was open to all employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date, unpaid contributions of £507 (2024: £756) were due to the fund. They are included in other creditors due within one year.
9
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
39,224
52,984
Later than one year and not later than five years
79,449
101,673
Later than five years
43,963
60,963
10
Average number of employees
During the year the average number of employees was 38 (2024: 40).