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Registration number: 15104473

Zaco Computers UK Limited

Annual Report and Unaudited Financial Statements

for the Period from 30 August 2023 to 31 March 2024

 

Zaco Computers UK Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 12

 

Zaco Computers UK Limited

Company Information

Director

Zameeruddin Husainuddin Kazi

Registered office

124 City Road
London
England
EC1V 2NX

Bankers

HSBC Bank Plc
East Ham
118 High Street North
East Ham
London
E6 2HX

Accountants

Kishens Limited
Chartered Accountants
13 Montpelier Avenue
Bexley
Kent
DA5 3AP

 

Zaco Computers UK Limited

Director's Report for the Period from 30 August 2023 to 31 March 2024

The director presents his report and the first financial statements for the period from 30 August 2023 to 31 March 2024.

Incorporation

The company was incorporated on 30 August 2023.

Director of the company

The director who held office during the period was as follows:

Zameeruddin Husainuddin Kazi

Principal activity

The principal activity of the company is wholesale of computers, computer peripheral equipment and software.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 20 June 2024
 

.........................................
Zameeruddin Husainuddin Kazi
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Zaco Computers UK Limited
for the Period Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Zaco Computers UK Limited for the period ended 31 March 2024 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Zaco Computers UK Limited , as a body, in accordance with the terms of our engagement letter dated 21 September 2023. Our work has been undertaken solely to prepare for your approval the accounts of Zaco Computers UK Limited and state those matters that we have agreed to state to the Board of Directors of Zaco Computers UK Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zaco Computers UK Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Zaco Computers UK Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Zaco Computers UK Limited . You consider that Zaco Computers UK Limited is exempt from the statutory audit requirement for the current period.

We have not been instructed to carry out an audit or a review of the accounts of Zaco Computers UK Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Kishens Limited
Chartered Accountants
13 Montpelier Avenue
Bexley
Kent
DA5 3AP

20 June 2024

 

Zaco Computers UK Limited

Profit and Loss Account for the Period from 30 August 2023 to 31 March 2024

Note

2024
£

Turnover

 

3,146

Cost of sales

 

(2,820)

Gross profit

 

326

Administrative expenses

 

(23,549)

Operating loss

 

(23,223)

Interest payable and similar expenses

 

13

Loss before tax

(23,210)

Loss for the financial period

 

(23,210)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

Zaco Computers UK Limited

Statement of Comprehensive Income for the Period from 30 August 2023 to 31 March 2024

2024
£

Loss for the period

(23,210)

Total comprehensive income for the period

(23,210)

 

Zaco Computers UK Limited

(Registration number: 15104473)
Balance Sheet as at 31 March 2024

Note

2024
£

Current assets

 

Stocks

4

644

Debtors

5

3,355

Cash at bank and in hand

 

153,841

 

157,840

Creditors: Amounts falling due within one year

6

(6,050)

Net assets

 

151,790

Capital and reserves

 

Called up share capital

7

175,000

Retained earnings

(23,210)

Shareholders' funds

 

151,790

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 20 June 2024
 

.........................................
Zameeruddin Husainuddin Kazi
Director

 

Zaco Computers UK Limited

Statement of Changes in Equity for the Period from 30 August 2023 to 31 March 2024

Share capital
£

Retained earnings
£

Total
£

Loss for the period

-

(23,210)

(23,210)

New share capital subscribed

175,000

-

175,000

At 31 March 2024

175,000

(23,210)

151,790

 

Zaco Computers UK Limited

Notes to the Unaudited Financial Statements for the Period from 30 August 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
124 City Road
London
England
EC1V 2NX

The principal place of business is:
37 Colman Road
Custom House
London
E16 3JY
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods or on completion of the designated services;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Zaco Computers UK Limited

Notes to the Unaudited Financial Statements for the Period from 30 August 2023 to 31 March 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Zaco Computers UK Limited

Notes to the Unaudited Financial Statements for the Period from 30 August 2023 to 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Stocks

2024
£

Other inventories

644

5

Debtors

Current

2024
£

Trade Debtors

2,553

Other debtors

802

 

3,355

 

Zaco Computers UK Limited

Notes to the Unaudited Financial Statements for the Period from 30 August 2023 to 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade Creditors

43

Taxation and social security

1,527

Accruals and deferred income

1,000

Other creditors

3,480

6,050

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £1 each

175,000

175,000

   

8

Related party transactions

Transactions with the director

2024

At 30 August 2023
£

Repayments by director
£

At 31 March 2024
£

Zameeruddin Husainuddin Kazi

3,345

(3,345)

-

Director's remuneration

The director's remuneration for the period was as follows:

2024
£

Remuneration

18,000

 

Zaco Computers UK Limited

Notes to the Unaudited Financial Statements for the Period from 30 August 2023 to 31 March 2024

9

Parent and ultimate parent undertaking

The company's immediate parent is Zaco Computers Private Limited, incorporated in India (CIN - U72300MH2012PTC225786).