Dezanic Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06908804 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2019

for

Dezanic Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Rahmani

REGISTERED OFFICE:

8B Accommodation Road

Golders Green

London

NW11 8ED

REGISTERED NUMBER:

06908804 (England and Wales)

ACCOUNTANTS:

Faiz & Co. Limited

Chartered Accountants

8B Accommodation Road

London

NW11 8ED

FIXED ASSETS

Property, plant and equipment

4

7,869

7,865

CURRENT ASSETS

Debtors

5

15,376

15,920

Cash at bank

11,839

4,061

27,215

19,981

CREDITORS

Amounts falling due within one year

6

30,378

26,419

NET CURRENT LIABILITIES

(3,163

)

(6,438

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,706

1,427

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

3,706

427

SHAREHOLDERS' FUNDS

4,706

1,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Income Statement has not been delivered.

The financial statements were approved by the director on 20 January 2020 and were signed by:

A Rahmani - Director

1.	STATUTORY INFORMATION

Dezanic Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 June 2018

15,837

Additions

1,971

At 31 May 2019

17,808

DEPRECIATION

At 1 June 2018

7,972

Charge for year

1,967

At 31 May 2019

9,939

NET BOOK VALUE

At 31 May 2019

7,869

At 31 May 2018

7,865

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/19

31/5/18

£

£

Trade debtors

6,000

6,000

Other debtors

9,376

9,920

15,376

15,920

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/19

31/5/18

£

£

Taxation and social security

30,318

26,419

Other creditors

60

-

30,378

26,419

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2019 and

31 May 2018:

31/5/19

31/5/18

£

£

A Rahmani

Balance outstanding at start of year

(9,920

)

-

Amounts advanced

544

(9,920

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(9,376

)

(9,920

)

Dividends of £ 48,300 have been issued to the director.

8.	RELATED PARTY DISCLOSURES

Mrs Maryam Gozashti, wife of the director, also holds 30% shares in the company.

Dividends of £69,000 has been issued for the period and based on shareholding £20,700 have been

apportioned to the wife.

9.	POST BALANCE SHEET EVENTS

There have been no significant events since the reporting date.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by its director, by virtue of 70% shareholding in the company.