ZK-CARGO LTD

Company Registration Number:
12881722 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2021

Period of accounts

Start date: 15 September 2020

End date: 30 September 2021

ZK-CARGO LTD

Contents of the Financial Statements

for the Period Ended 30 September 2021

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ZK-CARGO LTD

Directors' report period ended 30 September 2021

The directors present their report with the financial statements of the company for the period ended 30 September 2021

Principal activities of the company

The company's principal activity during the year continued to be pre-press; pre-media services; cargo handling for water, air and land transport activities.

Additional information

Directors: The following persons served as directors during the year:Gbenga Deniyi Davids-AmosuAremu OlaofeSmall company provisions: This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.This report was approved by the board on 15 August 2022 and signed on its behalf.Gbenga Deniyi Davids-Amosu, Director



Directors

The directors shown below have held office during the whole of the period from
15 September 2020 to 30 September 2021

Gbenga Deniyi Davids-Amosu
Aremu Olaofe


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
15 August 2022

And signed on behalf of the board by:
Name: Gbenga Deniyi Davids-Amosu
Status: Director

ZK-CARGO LTD

Profit And Loss Account

for the Period Ended 30 September 2021

13 months to 30 September 2021


£
Turnover: 350
Cost of sales: ( 160 )
Gross profit(or loss): 190
Distribution costs: 0
Administrative expenses: ( 910 )
Other operating income: 0
Operating profit(or loss): (720)
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: (720)
Tax: 0
Profit(or loss) for the financial year: (720)

ZK-CARGO LTD

Balance sheet

As at 30 September 2021

Notes 13 months to 30 September 2021


£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors: 3 40
Cash at bank and in hand: 311
Investments:   0
Total current assets: 351
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 4 ( 510 )
Net current assets (liabilities): (159)
Total assets less current liabilities: (159)
Creditors: amounts falling due after more than one year: 5 ( 560 )
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): (719)
Capital and reserves
Called up share capital: 1
Share premium account: 0
Other reserves: 0
Profit and loss account: (720 )
Total Shareholders' funds: ( 719 )

The notes form part of these financial statements

ZK-CARGO LTD

Balance sheet statements

For the year ending 30 September 2021 the company was entitled to exemption 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 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.

This report was approved by the board of directors on 15 August 2022
and signed on behalf of the board by:

Name: Gbenga Deniyi Davids-Amosu
Status: Director

The notes form part of these financial statements

ZK-CARGO LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discount and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Other accounting policies

    Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.CreditorsShort term creditors are measured at transaction price (which is usually the invoice). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective intertest method.TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that that can be carried back to recover tax paid in a previous period. Deffered tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assignments. Un relieved 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

ZK-CARGO LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

  • 2. Employees

    13 months to 30 September 2021
    Average number of employees during the period 0

    The company is yet to have employees. The directors themselves run the business.

ZK-CARGO LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

3. Debtors

13 months to 30 September 2021
£
Trade debtors 0
Prepayments and accrued income 0
Other debtors 40
Total 40
Debtors due after more than one year: 0

This is money the company is owed other than through sales.

ZK-CARGO LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

4. Creditors: amounts falling due within one year note

13 months to 30 September 2021
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 0
Accruals and deferred income 0
Other creditors 510
Total 510

£510 - Other creditors is made of the accountancy fee not yet paid and arrears of office rent.

ZK-CARGO LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

5. Creditors: amounts falling due after more than one year note

13 months to 30 September 2021
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Other creditors 560
Total 560

£560 is the balance on the Directors Current Account. It represents the amount of funds brought in by the directors for running the business.