Pazuki Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03913793 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Pazuki Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTOR:

Ms R Blezard

REGISTERED OFFICE:

206 Upper Richmond Road West

East Sheen

London

SW14 8AH

REGISTERED NUMBER:

03913793 (England and Wales)

ACCOUNTANTS:

Blythe & Co

206 Upper Richmond Road West

East Sheen

London

SW14 8AH

FIXED ASSETS

Intangible assets

4

1,820

2,427

Tangible assets

5

878

1,171

2,698

3,598

CURRENT ASSETS

Stocks

16,500

21,200

Debtors

36,321

37,571

Cash at bank

80,998

25,862

133,819

84,633

CREDITORS

Amounts falling due within one year

186,383

155,899

NET CURRENT LIABILITIES

(52,564

)

(71,266

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(49,866

)

(67,668

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(49,868

)

(67,670

)

SHAREHOLDERS' FUNDS

(49,866

)

(67,668

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 28 November 2023 and were signed by:

Ms R Blezard - Director

1.	STATUTORY INFORMATION

Pazuki Ltd 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Other intangible assets (development costs)

Development costs are amortised at 25% per annum on a reducing balance basis.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Going concern

The Director confirms she will support the company for the next 12 months.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2022

and 31 March 2023

24,023

AMORTISATION

At 1 April 2022

21,596

Amortisation for year

607

At 31 March 2023

22,203

NET BOOK VALUE

At 31 March 2023

1,820

At 31 March 2022

2,427

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2022

and 31 March 2023

67,103

DEPRECIATION

At 1 April 2022

65,932

Charge for year

293

At 31 March 2023

66,225

NET BOOK VALUE

At 31 March 2023

878

At 31 March 2022

1,171

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pazuki Ltd for the year ended 31 March 2023 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Pazuki Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pazuki Ltd and state those matters that we have agreed to state to the director of Pazuki Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pazuki Ltd and its director for our work or for this report.

It is your duty to ensure that Pazuki Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pazuki Ltd. You consider that Pazuki Ltd 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 financial statements of Pazuki Ltd. 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 financial statements.

Blythe & Co

206 Upper Richmond Road West

East Sheen

London

SW14 8AH

28 November 2023