Company Registration No. 10211021 (England and Wales)
PAZARCIK MEGA LTD
Unaudited accounts
for the year ended 30 June 2021
PAZARCIK MEGA LTD
Unaudited accounts
Contents
PAZARCIK MEGA LTD
Company Information
for the year ended 30 June 2021
Company Number
10211021 (England and Wales)
Registered Office
201 Baker Street
London
EN1 3JT
England
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
PAZARCIK MEGA LTD
Statement of financial position
as at
30 June 2021
Cash at bank and in hand
5,933
11,077
Creditors: amounts falling due within one year
(1,268)
(995)
Net current assets
5,365
11,182
Called up share capital
1
1
Profit and loss account
13,564
11,181
Shareholders' funds
13,565
11,182
For the year ending 30 June 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 June 2022 and were signed on its behalf by
Mr M Salman
Director
Company Registration No. 10211021
PAZARCIK MEGA LTD
Notes to the Accounts
for the year ended 30 June 2021
PAZARCIK MEGA LTD is a private company, limited by shares, registered in England and Wales, registration number 10211021. The registered office and principal place of business is 201 Baker Street, London, EN1 3JT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% - reducing line method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
PAZARCIK MEGA LTD
Notes to the Accounts
for the year ended 30 June 2021
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
Charge for the year
1,800
5
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
559
995
Loans from directors
109
-
6
Share capital
2021
2020
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Transactions with related parties
Included within other creditors is an amount of £109 due to its directors. There are no terms as to interest or repayment in respect of this balance.
8
Average number of employees
During the year the average number of employees was 3 (2020: 3).