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REGISTERED NUMBER: SC552457 (Scotland)















Unaudited Financial Statements For The Year Ended 31 December 2023

for

ZSAK MARYHILL LTD

ZSAK MARYHILL LTD (Registered number: SC552457)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ZSAK MARYHILL LTD

Company Information
For The Year Ended 31 December 2023







DIRECTOR: S H Khan





REGISTERED OFFICE: 1417 Maryhill Road
Glasgow
G20 9AA





REGISTERED NUMBER: SC552457 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan
95-107 Lancefield Street
Glasgow
Lanarkshire
G3 8HZ

ZSAK MARYHILL LTD (Registered number: SC552457)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 63,000 63,000
Tangible assets 5 74,722 1,978
137,722 64,978

CURRENT ASSETS
Stocks 1,746 1,348
Debtors 6 135,255 120,000
Prepayments and accrued income 1,113 1,113
Cash at bank and in hand 7 21,016 10,396
159,130 132,857
CREDITORS
Amounts falling due within one year 8 111,902 121,844
NET CURRENT ASSETS 47,228 11,013
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,950

75,991

CREDITORS
Amounts falling due after more than one
year

9

121,050

36,050
NET ASSETS 63,900 39,941

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 63,800 39,841
SHAREHOLDERS' FUNDS 63,900 39,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ZSAK MARYHILL LTD (Registered number: SC552457)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 August 2024 and were signed by:





S H Khan - Director


ZSAK MARYHILL LTD (Registered number: SC552457)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

ZSAK MARYHILL LTD is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ZSAK MARYHILL LTD (Registered number: SC552457)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 63,000
NET BOOK VALUE
At 31 December 2023 63,000
At 31 December 2022 63,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023 7,100
Additions 73,140
At 31 December 2023 80,240
DEPRECIATION
At 1 January 2023 5,122
Charge for year 396
At 31 December 2023 5,518
NET BOOK VALUE
At 31 December 2023 74,722
At 31 December 2022 1,978

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Maryhill Investment Ltd 120,000 120,000
VAT 15,255 -
135,255 120,000

7. CASH AT BANK AND IN HAND
31.12.23 31.12.22
£    £   
Bank account no. 1 19,131 9,396
Cash in hand 1,885 1,000
21,016 10,396

ZSAK MARYHILL LTD (Registered number: SC552457)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 1,514 1,478
Tax 31,488 23,557
PAYE 1,434 319
VAT - 5,531
Directors' loan accounts 70,648 82,427
Accrued expenses 1,818 3,532
111,902 121,844

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bounce back loan 31,050 36,050
ZSAK Falkirk Ltd 90,000 -
121,050 36,050

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 ordinary 1.00 100 100