Registered number
11070203
Zielke Associates Limited
Filleted Accounts
31 March 2023
Zielke Associates Limited
Registered number: 11070203
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Stocks 69,805 69,805
Debtors 3 12,500 12,500
Cash at bank and in hand 101 1,607
82,406 83,912
Creditors: amounts falling due within one year 4 (42,202) (40,321)
Net current assets 40,204 43,591
Total assets less current liabilities 40,204 43,591
Creditors: amounts falling due after more than one year 5 (97,868) (40,664)
Net (liabilities)/assets (57,664) 2,927
Capital and reserves
Called up share capital 100 100
Profit and loss account (57,764) 2,827
Shareholder's funds (57,664) 2,927
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A J T Zielke
Director
Approved by the board on 27 August 2024
Zielke Associates Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Other debtors 12,500 12,500
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 7,500 7,500
Trade creditors - 368
Taxation and social security costs 33,002 31,253
Other creditors 1,700 1,200
42,202 40,321
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 34,513 35,000
Other creditors 63,355 5,664
97,868 40,664
6 Other information
Zielke Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
Lyn Ridge
Old Stokesley Road
Nunthorpe Village
Middlesbrough
TS7 0NR
Zielke Associates Limited 11070203 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2024 Mr A J T Zielke No description of principal activity 11070203 2021-04-01 2022-03-31 11070203 core:WithinOneYear 2022-03-31 11070203 core:AfterOneYear 2022-03-31 11070203 core:ShareCapital 2022-03-31 11070203 core:RetainedEarningsAccumulatedLosses 2022-03-31 11070203 2022-04-01 2023-03-31 11070203 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11070203 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11070203 bus:Director40 2022-04-01 2023-03-31 11070203 1 2022-04-01 2023-03-31 11070203 2 2022-04-01 2023-03-31 11070203 countries:England 2022-04-01 2023-03-31 11070203 bus:FRS102 2022-04-01 2023-03-31 11070203 bus:FilletedAccounts 2022-04-01 2023-03-31 11070203 2023-03-31 11070203 core:WithinOneYear 2023-03-31 11070203 core:AfterOneYear 2023-03-31 11070203 core:ShareCapital 2023-03-31 11070203 core:RetainedEarningsAccumulatedLosses 2023-03-31 11070203 2022-03-31 iso4217:GBP xbrli:pure