1 July 2022 false No description of principal activity Taxfiler 2024.1 00649985business:PrivateLimitedCompanyLtd2022-07-012023-06-30 006499852022-06-30 006499852022-07-012023-06-30 00649985business:AuditExemptWithAccountantsReport2022-07-012023-06-30 00649985business:FilletedAccounts2022-07-012023-06-30 006499852023-06-30 00649985business:Director12022-07-012023-06-30 00649985business:RegisteredOffice2022-07-012023-06-30 006499852022-06-30 00649985core:WithinOneYear2023-06-30 00649985core:WithinOneYear2022-06-30 00649985core:AfterOneYear2023-06-30 00649985core:AfterOneYear2022-06-30 00649985core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 00649985core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 00649985core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 00649985core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 00649985core:PreviouslyStatedAmount2023-06-30 00649985core:PreviouslyStatedAmount2022-06-30 00649985business:SmallEntities2022-07-012023-06-30 00649985countries:EnglandWales2022-07-012023-06-30 00649985core:LandBuildings2022-07-012023-06-30 00649985core:FurnitureFittings2022-07-012023-06-30 00649985core:ComputerEquipment2022-07-012023-06-30 00649985core:Goodwill2022-06-30 00649985core:Goodwill2023-06-30 00649985core:LandBuildings2022-06-30 00649985core:FurnitureFittings2022-06-30 00649985core:ComputerEquipment2022-06-30 00649985core:LandBuildings2023-06-30 00649985core:FurnitureFittings2023-06-30 00649985core:ComputerEquipment2023-06-30 006499852021-07-012022-06-30 iso4217:GBP xbrli:pure
Company Registration No. 00649985 (England and Wales)
Z.& M.Associates Limited Unaudited accounts for the year ended 30 June 2023
Z.& M.Associates Limited Unaudited accounts Contents
Page
- 2 -
Z.& M.Associates Limited Company Information for the year ended 30 June 2023
Director
Mr A Silber
Company Number
00649985 (England and Wales)
Registered Office
Churchill House 137-139 Brent Street London NW4 4DJ
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
- 3 -
Z.& M.Associates Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,085 
2,510 
Current assets
Inventories
172,450 
78,840 
Debtors
19,625 
5,205 
Cash at bank and in hand
8,890 
63,141 
200,965 
147,186 
Creditors: amounts falling due within one year
(379,807)
(389,060)
Net current liabilities
(178,842)
(241,874)
Total assets less current liabilities
(176,757)
(239,364)
Creditors: amounts falling due after more than one year
(42,458)
(49,115)
Net liabilities
(219,215)
(288,479)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(219,315)
(288,579)
Shareholders' funds
(219,215)
(288,479)
For the year ending 30 June 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 31 March 2024 and were signed on its behalf by
Mr A Silber Director Company Registration No. 00649985
- 4 -
Z.& M.Associates Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Z.& M.Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 00649985. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
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.
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.
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:
Land & buildings
Straight line over the life of the lease
Fixtures & fittings
15% reducing balance method
Computer equipment
25% reducing balance method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
- 5 -
Z.& M.Associates Limited Notes to the Accounts for the year ended 30 June 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2022
125,923 
At 30 June 2023
125,923 
Amortisation
At 1 July 2022
125,923 
At 30 June 2023
125,923 
Net book value
At 30 June 2023
- 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
49,228 
78,010 
1,124 
128,362 
At 30 June 2023
49,228 
78,010 
1,124 
128,362 
Depreciation
At 1 July 2022
49,228 
75,974 
650 
125,852 
Charge for the year
- 
306 
119 
425 
At 30 June 2023
49,228 
76,280 
769 
126,277 
Net book value
At 30 June 2023
- 
1,730 
355 
2,085 
At 30 June 2022
- 
2,036 
474 
2,510 
6
Inventories
2023 
2022 
£ 
£ 
Finished goods
172,450 
78,840 
172,450 
78,840 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
5,205 
Accrued income and prepayments
19,625 
- 
19,625 
5,205 
- 6 -
Z.& M.Associates Limited Notes to the Accounts for the year ended 30 June 2023
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,200 
- 
VAT
2,113 
1,587 
Trade creditors
44,689 
14,134 
Taxes and social security
268 
132 
Other creditors
- 
12,893 
Loans from directors
324,337 
305,129 
Accruals
1,200 
55,185 
379,807 
389,060 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
42,458 
49,115 
10
Transactions with related parties
Included within other creditors is an amount of £324,337 (2022: £305,129) due to a director of the company.
11
Average number of employees
During the year the average number of employees was 3 (2022: 3).
- 7 -