PTP Accounts Production v23.2.0.158 11827835 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure118278352022-02-28118278352023-02-28118278352022-03-012023-02-28118278352021-02-28118278352021-03-012022-02-28118278352022-02-2811827835ns16:EnglandWales2022-03-012023-02-2811827835ns15:PoundSterling2022-03-012023-02-2811827835ns11:Director12022-03-012023-02-2811827835ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2811827835ns11:SmallEntities2022-03-012023-02-2811827835ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2811827835ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2811827835ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2811827835ns11:FullAccounts2022-03-012023-02-2811827835ns11:Director22022-03-012023-02-2811827835ns11:Director32022-03-012023-02-2811827835ns11:RegisteredOffice2022-03-012023-02-2811827835ns6:CurrentFinancialInstruments2023-02-2811827835ns6:CurrentFinancialInstruments2022-02-2811827835ns6:Non-currentFinancialInstruments2023-02-2811827835ns6:Non-currentFinancialInstruments2022-02-2811827835ns6:ShareCapital2023-02-2811827835ns6:ShareCapital2022-02-2811827835ns6:RetainedEarningsAccumulatedLosses2023-02-2811827835ns6:RetainedEarningsAccumulatedLosses2022-02-2811827835ns6:LandBuildings2022-02-2811827835ns6:PlantMachinery2022-02-2811827835ns6:LandBuildings2022-03-012023-02-2811827835ns6:PlantMachinery2022-03-012023-02-2811827835ns6:LandBuildings2023-02-2811827835ns6:PlantMachinery2023-02-2811827835ns6:LandBuildings2022-02-2811827835ns6:PlantMachinery2022-02-2811827835ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2811827835ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-28
REGISTERED NUMBER: 11827835 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Zac Invest Ltd

Zac Invest Ltd (Registered number: 11827835)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Zac Invest Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: C Grasso
N Sultana-Moni
Z Uddin





REGISTERED OFFICE: Ground Floor, 494-496 Roman Road
London
United Kingdom
E3 5LU





REGISTERED NUMBER: 11827835 (England and Wales)






Zac Invest Ltd (Registered number: 11827835)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,119 54,508

CURRENT ASSETS
Debtors 5 23,992 9,930
Cash at bank and in hand 46,142 73,285
70,134 83,215
CREDITORS
Amounts falling due within one year 6 86,893 84,466
NET CURRENT LIABILITIES (16,759 ) (1,251 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,360

53,257

CREDITORS
Amounts falling due after more than
one year

7

34,602

40,190
NET (LIABILITIES)/ASSETS (16,242 ) 13,067

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings (16,542 ) 12,767
(16,242 ) 13,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Zac Invest Ltd (Registered number: 11827835)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





Z Uddin - Director


Zac Invest Ltd (Registered number: 11827835)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Zac Invest 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.

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:

Leasehold land and buildings : over the term of lease
Plant and machinery : 25% on cost

Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expenses that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

Zac Invest Ltd (Registered number: 11827835)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on a going concern basis. The company has obtained assurances and undertakings from its shareholders that they will continue to support the company for the foreseeable future and meet all third party liabilities as they fall due. Given these undertakings, the directors consider it appropriate to adopt a going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 44,283 65,750 110,033
DEPRECIATION
At 1 March 2022 8,856 46,669 55,525
Charge for year 2,952 16,437 19,389
At 28 February 2023 11,808 63,106 74,914
NET BOOK VALUE
At 28 February 2023 32,475 2,644 35,119
At 28 February 2022 35,427 19,081 54,508

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors - 3,505
Other debtors 23,992 6,425
23,992 9,930

Zac Invest Ltd (Registered number: 11827835)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 5,597 5,606
Trade creditors 47,437 65,786
Taxation and social security 20,947 11,194
Other creditors 12,912 1,880
86,893 84,466

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 34,602 40,190

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party during the year were C Grasso, Nasrin Sultana-Moni and Zakir Uddin