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Company Registration No. 10628985 (England and Wales)
ZAF RECOVERY LTD Unaudited accounts for the year ended 28 February 2023
ZAF RECOVERY LTD Unaudited accounts Contents
Page
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ZAF RECOVERY LTD Company Information for the year ended 28 February 2023
Director
Zafar Iqbal
Company Number
10628985 (England and Wales)
Registered Office
65 CHETWYND ROAD BIRMINGHAM UK B8 2LB UNITED KINGDOM
Accountants
Caldwell House Consulting 44 Caldwell Road Birmingham West Midlands B9 5TQ
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ZAF RECOVERY LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,783 
14,370 
Current assets
Cash at bank and in hand
23,154 
23,090 
Creditors: amounts falling due within one year
(778)
(2,069)
Net current assets
22,376 
21,021 
Total assets less current liabilities
34,159 
35,391 
Creditors: amounts falling due after more than one year
(26,343)
(28,866)
Provisions for liabilities
Deferred tax
(1,013)
(1,236)
Net assets
6,803 
5,289 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
6,802 
5,288 
Shareholders' funds
6,803 
5,289 
For the year ending 28 February 2023 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 his 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 23 November 2023 and were signed on its behalf by
Zafar Iqbal Director Company Registration No. 10628985
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ZAF RECOVERY LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
ZAF RECOVERY LTD is a private company, limited by shares, registered in England and Wales, registration number 10628985. The registered office is 65 CHETWYND ROAD, BIRMINGHAM, UK, B8 2LB, 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 year, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2022
28,900 
At 28 February 2023
28,900 
Depreciation
At 1 March 2022
14,530 
Charge for the year
2,587 
At 28 February 2023
17,117 
Net book value
At 28 February 2023
11,783 
At 28 February 2022
14,370 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
254 
2,047 
Taxes and social security
524 
22 
778 
2,069 
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ZAF RECOVERY LTD Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
11,253 
13,476 
Other creditors
15,090 
15,390 
26,343 
28,866 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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