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
Z.& M.Associates Limited
Company Information
for the year ended 30 June 2023
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
Z.& M.Associates Limited
Statement of financial position
as at 30 June 2023
Tangible assets
2,085
2,510
Inventories
172,450
78,840
Cash at bank and in hand
8,890
63,141
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)
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
Z.& M.Associates Limited
Notes to the Accounts
for the year ended 30 June 2023
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.
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:
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Z.& M.Associates Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Intangible fixed assets
Goodwill
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
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
At 30 June 2023
-
1,730
355
2,085
At 30 June 2022
-
2,036
474
2,510
Finished goods
172,450
78,840
Amounts falling due within one year
Accrued income and prepayments
19,625
-
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
-
Trade creditors
44,689
14,134
Taxes and social security
268
132
Loans from directors
324,337
305,129
9
Creditors: amounts falling due after more than one year
2023
2022
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).