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Company Registration No. 7750693 (England and Wales)
Zenith Street Limited Unaudited accounts for the period from 1 September 2021 to 30 August 2022
Zenith Street Limited Unaudited accounts Contents
Page
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Zenith Street Limited Company Information for the period from 1 September 2021 to 30 August 2022
Director
Aisha Ejaz
Company Number
7750693 (England and Wales)
Registered Office
c/o Accountancy Managers Ltd 164 New Cavendish Street London W1W 6YT United Kingdom
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Zenith Street Limited Statement of financial position as at 30 August 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Debtors
208 
23 
Creditors: amounts falling due within one year
(68,438)
(61,060)
Net current liabilities
(68,230)
(61,037)
Net liabilities
(68,230)
(61,037)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(68,330)
(61,137)
Shareholders' funds
(68,230)
(61,037)
For the period ending 30 August 2022 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 her 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 8 November 2023 and were signed on its behalf by
Aisha Ejaz Director Company Registration No. 7750693
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Zenith Street Limited Notes to the Accounts for the period from 1 September 2021 to 30 August 2022
1
Statutory information
Zenith Street Limited is a private company, limited by shares, registered in England and Wales, registration number 7750693. The registered office is c/o Accountancy Managers Ltd, 164 New Cavendish Street, London, W1W 6YT, United Kingdom.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
These financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent upon the continued support from its shareholder. If the company was unable to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amounts and to provide further liabilities that might arise. The director believes that with support from the shareholder continued funding will be provided to support the company whilst it moves towards profitability and to enable it to meet its day-to-day commitments from cashflows. The director believes that the company is well placed to manage its business risks successfully. As such, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
4
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
208 
23 
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Zenith Street Limited Notes to the Accounts for the period from 1 September 2021 to 30 August 2022
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
- 
5 
Trade creditors
395 
- 
Other creditors
2,161 
2,122 
Loans from directors
65,432 
58,633 
Accruals
450 
300 
68,438 
61,060 
6
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Transactions with related parties
Included in other creditors is an amount of £65,432 (2021: £58,633) owed by the company to Miss A Ejaz, a sole director and 100% shareholder of the company.
8
Average number of employees
During the period the average number of employees was 0 (2021: 0).
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