Companies House iXbrl

OZUM LTD - Company Information

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Registered number: 05710412

Ozum Ltd

Unaudited Financial Statements

for the year ended 31 March 2022

Statement of Financial Position

as at 31 March 2022

2022

2021

Called up share capital not paid

Fixed assets

11,054

12,727

Current assets

139,069

157,749

Prepayments and accrued income

Creditors: amounts falling due within one year

( 27,717 )

( 54,759 )

Net current assets (liabilities)

111,352

102,990

Total assets less current liabilities

122,406

115,717

Creditors: amounts falling due after more than one year

( 24,500 )

Provisions for liabilities

Accruals and deferred income

Net assets

97,906

115,717

Capital and reserves

97,906

115,717

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Footnotes to the Statement of Financial Position

1. Arrangements not included in Statement of Financial Position

The company has not entered into any arrangements not shown on the Statement of Financial Position.

2. Average number of employees

The average number of employees in the period was 9.

3. Directors’ benefits: advances, credit and guarantees

Michael Bennett

Included in creditors is an amount due to be paid by the company to one of its directors. The amount is an advance made to the company of £1,000 by Michael Bennett, a director of the company, on 16/06/2021.

During the accounting year the maximum amount repayable to Michael Bennett was £1,708

The following conditions are attached to amount payable to Michael Bennett:

There is no interest due to be paid on any outstanding amount
No fixed date has been set for the amount to be repaid by the company.

Opening balance 01/04/2021	Additional advance	Amount repaid	Amount written off	Amounts waived	Interest payable	Closing balance 31/03/2022
£	£	£	£	£	£	£
( 6,056 )	( 27,180 ) ( 27,180 )	34,236 34,236	0	0	0	1,000

Denise Bennett

Included in creditors is an amount due to be paid by the company to one of its directors. The amount is an advance made to the company of £190 by Denise Bennett, a director of the company, on 23/04/2021.

During the accounting year the maximum amount repayable to Denise Bennett was £6,000

The following conditions are attached to amount payable to Denise Bennett:

There is no interest due to be paid on any outstanding amount
No fixed date has been set for the amount to be repaid by the company.

Opening balance 01/04/2021	Additional advance	Amount repaid	Amount written off	Amounts waived	Interest payable	Closing balance 31/03/2022
£	£	£	£	£	£	£
0	( 22,810 ) ( 22,810 )	23,000 23,000	0	0	0	190

4. Guarantees, contingencies and other financial commitments

There are no guarantees, contingencies or other commitments not included in the financial statements.

Statutory Statements

In accordance with section 414(3) of the Companies Act 2006, these accounts have been prepared in accordance with the FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime for periods commencing on or after 1 January 2016. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending 31/03/2022 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 Companies Act 2006 with respect to accounting records and the preparation of accounts