Registered number
09722006
ZUF Foods Store Limited
Filleted Accounts
30 September 2021
ZUF Foods Store Limited
Registered number: 09722006
Balance Sheet
as at 30 September 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 17,133 18,623
Current assets
Stocks 50,187 50,935
Debtors 4 3,343 -
Cash at bank and in hand 5,855 31,805
59,385 82,740
Creditors: amounts falling due within one year 5 (8,627) (74,148)
Net current assets 50,758 8,592
Total assets less current liabilities 67,891 27,215
Creditors: amounts falling due after more than one year 6 (46,256) -
Net assets 21,635 27,215
Capital and reserves
Called up share capital 100 100
Profit and loss account 21,535 27,115
Shareholders' funds 21,635 27,215
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Usman Fiyaz
Director
Approved by the board on 13 September 2022
ZUF Foods Store Limited
Notes to the Accounts
for the year ended 30 September 2021
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 10% Streight Line
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). 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 interest method.
Taxation
A 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 can be carried back to recover tax paid in a previous period. Deferred 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 assessments. 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. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Fixture & Fittings Motor vehicles Total
£ £ £
Cost
At 1 October 2020 9,728 13,500 23,228
At 30 September 2021 9,728 13,500 23,228
Depreciation
At 1 October 2020 3,525 1,080 4,605
Charge for the year 496 994 1,490
At 30 September 2021 4,021 2,074 6,095
Net book value
At 30 September 2021 5,707 11,426 17,133
At 30 September 2020 6,203 12,420 18,623
4 Debtors 2021 2020
£ £
Other debtors 3,343 -
5 Creditors: amounts falling due within one year 2021 2020
£ £
Bank loans and overdrafts - 50,000
Corporation tax 7,695 3,924
Other taxes and social security costs - 1,053
Other creditors 932 19,171
8,627 74,148
6 Creditors: amounts falling due after one year 2021 2020
£ £
Bank loans 46,256 -
7 Controlling party
Mr Usman Fiyaz have controlling interest in the company by the virtue of 100% each holding of the ordinary shares of the company.
8 Other information
ZUF Foods Store Limited is a private company limited by shares and incorporated in England. Its registered office is:
56-58 Liverpool Road
Eccles
Manchester
M30 0WA
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