MZ West Ltd - Accounts

MZ West Ltd
Contents Page
For the year ended 31 March 2025

Balance Sheet	1
Notes to the Financial Statements	2

MZ West Ltd
Balance Sheet
As at 31 March 2025

	Notes	2025 £	2024 £ (as restated)
Fixed assets
Intangible fixed assets	3	17,656	11,700
Tangible fixed assets	4	90,710	47,502
		108,366	59,202
Current assets
Debtors		265,340	316,521
Cash at bank and in hand		2,383	1,479
		267,723	318,000
Creditors: amount falling due within one year		(174,698)	(145,660)
Net current assets		93,025	172,340

Total assets less current liabilities		201,391	231,542
Creditors: amount falling due after more than one year		(41,799)	(39,721)
Net assets		159,592	191,821

Capital and reserves
Called up share capital		100	100
Profit and loss account		159,492	191,721
Shareholders' funds		159,592	191,821

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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 09 July 2026 and were signed by:

-------------------------------
Allan Weaver Bell
Director

1

MZ West Ltd
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

MZ West Ltd is a private company, limited by shares, registered in England and Wales, registration number SC602274, registration address 263 Byres Road, Glasgow Scotland, G12 8TL.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Licences and patents
Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated expected useful economic life of the patents of years.

Development expenditures
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred. However, where the directors are satisfied as to the technical, commercial and financial viability of individual projects, development expenditure is deferred and amortised over years during which the company is expected to benefit.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	25% Straight Line
Fixtures and Fittings	25% Straight Line
Computer Equipment	25% Straight Line

2.	Average number of employees Average number of employees during the year was 25 (2024 : 36).

3.

Intangible fixed assets

Cost	Other	Total
	£	£
At 01 April 2024	19,500	19,500
Additions	7,970	7,970
Disposals	-	-
At 31 March 2025	27,470	27,470
Amortisation
At 01 April 2024	7,800	7,800
Charge for year	2,014	2,014
On disposals	-	-
At 31 March 2025	9,814	9,814
Net book values
At 31 March 2025	17,656	17,656
At 31 March 2024	11,700	11,700

4.

Tangible fixed assets

Cost or valuation	Land and Buildings	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 April 2024	-	99,634	2,242	101,876
Additions	50,876	10,683	-	61,559
Disposals	-	-	-	-
At 31 March 2025	50,876	110,317	2,242	163,435
Depreciation
At 01 April 2024	-	52,807	1,567	54,374
Charge for year	4,533	13,257	561	18,351
On disposals	-	-	-	-
At 31 March 2025	4,533	66,064	2,128	72,725
Net book values
Closing balance as at 31 March 2025	46,343	44,253	114	90,710
Opening balance as at 01 April 2024	-	46,827	675	47,502

2

Registered Number: SC602274
England and Wales
MZ WEST LTD

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025