IRIS Accounts Production v23.1.0.753 SC355049 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3550492022-03-31SC3550492023-03-31SC3550492022-04-012023-03-31SC3550492021-03-31SC3550492021-04-012022-03-31SC3550492022-03-31SC355049ns15:Scotland2022-04-012023-03-31SC355049ns14:PoundSterling2022-04-012023-03-31SC355049ns10:Director12022-04-012023-03-31SC355049ns10:PrivateLimitedCompanyLtd2022-04-012023-03-31SC355049ns10:SmallEntities2022-04-012023-03-31SC355049ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC355049ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC355049ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SC355049ns10:FullAccounts2022-04-012023-03-31SC355049ns10:Director22022-04-012023-03-31SC355049ns10:RegisteredOffice2022-04-012023-03-31SC355049ns5:CurrentFinancialInstruments2023-03-31SC355049ns5:CurrentFinancialInstruments2022-03-31SC355049ns5:Non-currentFinancialInstruments2023-03-31SC355049ns5:Non-currentFinancialInstruments2022-03-31SC355049ns5:ShareCapital2023-03-31SC355049ns5:ShareCapital2022-03-31SC355049ns5:RetainedEarningsAccumulatedLosses2023-03-31SC355049ns5:RetainedEarningsAccumulatedLosses2022-03-31SC355049ns5:FurnitureFittings2022-03-31SC355049ns5:MotorVehicles2022-03-31SC355049ns5:FurnitureFittings2022-04-012023-03-31SC355049ns5:MotorVehicles2022-04-012023-03-31SC355049ns5:FurnitureFittings2023-03-31SC355049ns5:MotorVehicles2023-03-31SC355049ns5:FurnitureFittings2022-03-31SC355049ns5:MotorVehicles2022-03-31SC355049ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31SC355049ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: SC355049 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Z M Brothers Ltd

Z M Brothers Ltd (Registered number: SC355049)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Z M Brothers Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Z Ahmed
M Ahmed





REGISTERED OFFICE: 51 Sandwell Street,
Buckhaven
Fife
KY8 1BZ





REGISTERED NUMBER: SC355049 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan Accountants
95-107 Lancefield Street
Glasgow
G3 8HZ

Z M Brothers Ltd (Registered number: SC355049)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,293 41,715

CURRENT ASSETS
Stocks 55,885 45,885
Debtors 5 8,239 500
Cash at bank and in hand 135,069 78,992
199,193 125,377
CREDITORS
Amounts falling due within one year 6 113,403 116,207
NET CURRENT ASSETS 85,790 9,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,083

50,885

CREDITORS
Amounts falling due after more than one
year

7

10,000

-
NET ASSETS 122,083 50,885

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 121,083 49,885
SHAREHOLDERS' FUNDS 122,083 50,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Z M Brothers Ltd (Registered number: SC355049)

Balance Sheet - continued
31 March 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 Ahmed - Director


Z M Brothers Ltd (Registered number: SC355049)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Z M Brothers Ltd is a private company, limited by shares , registered in Scotland. 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

Z M Brothers Ltd (Registered number: SC355049)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022 90,682 16,770 107,452
Additions - 22,995 22,995
Disposals - (16,770 ) (16,770 )
At 31 March 2023 90,682 22,995 113,677
DEPRECIATION
At 1 April 2022 51,952 13,785 65,737
Charge for year 9,683 5,749 15,432
Eliminated on disposal - (13,785 ) (13,785 )
At 31 March 2023 61,635 5,749 67,384
NET BOOK VALUE
At 31 March 2023 29,047 17,246 46,293
At 31 March 2022 38,730 2,985 41,715

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 500 500
Other debtors 7,739 -
8,239 500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors (1 ) (1 )
Tax 19,242 16,648
Social security and other taxes 1,011 2,268
VAT - 4,899
Director's loan acc 89,551 89,993
Accrued expenses 3,600 2,400
113,403 116,207

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
HP Loan 10,000 -