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OZUM LTD - Company Information

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Registered number: 05710412

Ozum Ltd

Unaudited Financial Statements

for the year ended 31 March 2021

Statement of Financial Position

as at 31 March 2021

2021

2020

Called up share capital not paid

Fixed assets

12,727

13,836

Current assets

157,749

180,304

Prepayments and accrued income

Creditors: amounts falling due within one year

( 54,759 )

( 77,238 )

Net current assets (liabilities)

102,990

103,066

Total assets less current liabilities

115,717

116,902

Creditors: amounts falling due after more than one year

( 2,329 )

Provisions for liabilities

Accruals and deferred income

Net assets

115,717

114,573

Capital and reserves

115,717

114,573

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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 10.

3. Directors’ benefits: advances, credit and guarantees

Michael Bennett

Included in debtors is an amount payable to the company by one of its directors. The amount is an advance of £6,056 made to Michael Bennett, a director of the company, on 25/06/2020.

During the accounting year the maximum amount payable by Michael Bennett was £7,000

The following conditions are attached to the amount payable by 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 to the company.

Opening balance 01/04/2020	Additional advance	Amount repaid	Amount written off	Amounts waived	Interest payable	Closing balance 31/03/2021
£	£	£	£	£	£	£
0	( 19,850 ) ( 19,850 )	13,794 13,794	0	0	0	( 6,056 )

Robert Gale

During the accounting year Robert Gale, a director of the company received an advance from the company that was repaid by 31/03/2021.

The following conditions are attached to advances payable by Robert Gale:

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

Opening balance 01/04/2020	Additional advance	Amount repaid	Amount written off	Amounts waived	Interest payable	Closing balance 31/03/2021
£	£	£	£	£	£	£
( 21 )	( 14,679 ) ( 14,679 )	14,700 14,700	0	0	0	0

Denise Bennett

During the accounting year Denise Bennett, a director of the company received an advance from the company that was repaid by 31/03/2021.

The following conditions are attached to advances payable by 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 to the company.

Opening balance 01/04/2020	Additional advance	Amount repaid	Amount written off	Amounts waived	Interest payable	Closing balance 31/03/2021
£	£	£	£	£	£	£
( 41 )	( 3,359 ) ( 3,359 )	3,400 3,400	0	0	0	0

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 31/03/2021 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