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

REGISTERED NUMBER: 06908804 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2018

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

Tangible assets

4

7,865

7,168

CURRENT ASSETS

Debtors

5

15,920

4,200

Cash at bank

4,061

19,381

19,981

23,581

CREDITORS

Amounts falling due within one year

6

26,419

29,476

NET CURRENT LIABILITIES

(6,438

)

(5,895

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,427

1,273

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

427

273

SHAREHOLDERS' FUNDS

1,427

1,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 15 January 2019 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2017

13,174

Additions

2,663

At 31 May 2018

15,837

DEPRECIATION

At 1 June 2017

6,006

Charge for year

1,966

At 31 May 2018

7,972

NET BOOK VALUE

At 31 May 2018

7,865

At 31 May 2017

7,168

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/18

31/5/17

£

£

Trade debtors

6,000

4,200

Other debtors

9,920

-

15,920

4,200

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/18

31/5/17

£

£

Trade creditors

-

1

Taxation and social security

26,419

14,256

Other creditors

-

15,219

26,419

29,476

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Dividends of £37,800 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 £54,000 has been issued for the period and based on shareholding £16,200 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.