Company Registration No. 10834912 (England and Wales)
ZS Pharma Limited
Filleted accounts
for the year ended 30 June 2023
ZS Pharma Limited
Filleted accounts
Contents
ZS Pharma Limited
Company Information
for the year ended 30 June 2023
Directors
Mr Sarfraz Patel
Mr Zahid Patel
Mrs Nawal Haddouch
Company Number
10834912 (England and Wales)
Registered Office
109a Barkby Road
Leicester
LE4 9LG
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
ZS Pharma Limited
Statement of financial position
as at 30 June 2023
Tangible assets
67,207
90,367
Cash at bank and in hand
150,451
123,288
Creditors: amounts falling due within one year
(227,213)
(476,705)
Net current assets/(liabilities)
174,177
(114,252)
Total assets less current liabilities
241,384
(23,885)
Creditors: amounts falling due after more than one year
(160,583)
-
Net assets/(liabilities)
80,801
(23,885)
Called up share capital
97
97
Profit and loss account
80,704
(23,982)
Shareholders' funds
80,801
(23,885)
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 directors acknowledge their 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 of Directors and authorised for issue on 1 April 2024 and were signed on its behalf by
Mr Zahid Patel
Director
Company Registration No. 10834912
ZS Pharma Limited
Notes to the Accounts
for the year ended 30 June 2023
ZS Pharma Limited is a private company, limited by shares, registered in England and Wales, registration number 10834912. The registered office is 109a Barkby Road, Leicester, LE4 9LG.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
25% straight line
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.
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.
ZS Pharma Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2022
17,440
102,153
119,593
At 30 June 2023
17,440
102,153
119,593
At 1 July 2022
4,360
24,866
29,226
Charge for the year
4,360
18,800
23,160
At 30 June 2023
8,720
43,666
52,386
At 30 June 2023
8,720
58,487
67,207
At 30 June 2022
13,080
77,287
90,367
Amounts falling due within one year
Trade debtors
149,889
117,232
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
62,516
-
Trade creditors
123,889
329,042
Taxes and social security
8,161
1,742
Other creditors
17,173
129,246
Loans from directors
14,000
14,000
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
4,200 A Ordinary shares of £0.01 each
42
42
4,000 B Ordinary shares of £0.01 each
40
40
1,500 C Ordinary shares of £0.01 each
15
15
ZS Pharma Limited
Notes to the Accounts
for the year ended 30 June 2023
9
Average number of employees
During the year the average number of employees was 8 (2022: 8).