Company Registration No. 03637672 (England and Wales)
ADAM ISA ZACK LIMITED
Unaudited accounts
for the year ended 30 September 2023
ADAM ISA ZACK LIMITED
Unaudited accounts
Contents
ADAM ISA ZACK LIMITED
Company Information
for the year ended 30 September 2023
Director
Mohammad Waseem JAVEED
Company Number
03637672 (England and Wales)
Registered Office
39A QUEENS ROAD
LEEDS
LS6 1NY
ENGLAND
Accountants
HLA Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
ADAM ISA ZACK LIMITED
Statement of financial position
as at 30 September 2023
Tangible assets
1,523,356
1,361,995
Cash at bank and in hand
46,821
2,907
Creditors: amounts falling due within one year
(208,636)
(1,127)
Net current assets
62,429
1,780
Total assets less current liabilities
1,585,785
1,363,775
Creditors: amounts falling due after more than one year
(1,329,653)
(1,108,956)
Net assets
256,132
254,819
Called up share capital
100
100
Profit and loss account
256,032
254,719
Shareholders' funds
256,132
254,819
For the year ending 30 September 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 9 August 2024 and were signed on its behalf by
Mohammad Waseem JAVEED
Director
Company Registration No. 03637672
ADAM ISA ZACK LIMITED
Notes to the Accounts
for the year ended 30 September 2023
ADAM ISA ZACK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03637672. The registered office is 39A QUEENS ROAD, LEEDS, LS6 1NY, ENGLAND.
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.
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
2% diminishing balance method
Fixtures & fittings
25% diminishing balance method
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.
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.
Investments in shares are included at fair value.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
ADAM ISA ZACK LIMITED
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2022
1,361,509
18,288
1,379,797
Additions
161,483
-
161,483
At 30 September 2023
1,522,992
18,288
1,541,280
At 1 October 2022
-
17,802
17,802
Charge for the year
-
122
122
At 30 September 2023
-
17,924
17,924
At 30 September 2023
1,522,992
364
1,523,356
At 30 September 2022
1,361,509
486
1,361,995
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,147
407
Loans from directors
204,600
-
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,329,653
1,108,956
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).