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REGISTERED NUMBER: 12396886 (England and Wales)






Zhepa Limited

Financial Statements

for the Year Ended 31 January 2024






Zhepa Limited (Registered number: 12396886)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Zhepa Limited

Company Information
for the year ended 31 January 2024







DIRECTOR: K Malousi





REGISTERED OFFICE: Lower Ground Floor
46 Cheltenham Mount
Harrogate
North Yorkshire
HG1 1DL





REGISTERED NUMBER: 12396886 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Zhepa Limited (Registered number: 12396886)

Balance Sheet
31 January 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 11,072 18,995

CURRENT ASSETS
Stocks 750 750
Debtors 5 12,162 23,743
Cash at bank and in hand 9,487 14,752
22,399 39,245
CREDITORS
Amounts falling due within one year 6 25,138 30,744
NET CURRENT (LIABILITIES)/ASSETS (2,739 ) 8,501
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,333

27,496

CREDITORS
Amounts falling due after more than one
year

7

(6,255

)

(10,505

)

PROVISIONS FOR LIABILITIES (2,104 ) (3,609 )
NET (LIABILITIES)/ASSETS (26 ) 13,382

Zhepa Limited (Registered number: 12396886)

Balance Sheet - continued
31 January 2024

2024 2023
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (126 ) 13,282
(26 ) 13,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 19 August 2024 and were signed by:





K Malousi - Director


Zhepa Limited (Registered number: 12396886)

Notes to the Financial Statements
for the year ended 31 January 2024


1. STATUTORY INFORMATION

Zhepa Limited is a private company, limited by shares , registered in England and Wales. 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.

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Zhepa Limited (Registered number: 12396886)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£ £ £ £ £
COST
At 1 February 2023 3,153 17,375 18,888 158 39,574
Reclassification/transfer - - 158 (158 ) -
At 31 January 2024 3,153 17,375 19,046 - 39,574
DEPRECIATION
At 1 February 2023 1,261 10,484 8,834 - 20,579
Charge for year 631 3,475 3,817 - 7,923
At 31 January 2024 1,892 13,959 12,651 - 28,502
NET BOOK VALUE
At 31 January 2024 1,261 3,416 6,395 - 11,072
At 31 January 2023 1,892 6,891 10,054 158 18,995

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Directors' current accounts 12,162 23,743

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 4,245 4,240
Trade creditors 3,817 3,247
Tax 5,320 7,901
Social security and other taxes (310 ) 103
VAT 6,863 7,234
Accruals and deferred income 5,203 8,019
25,138 30,744

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans - > 1 year 6,255 10,505

Zhepa Limited (Registered number: 12396886)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£ £
K Malousi
Balance outstanding at start of year 23,743 28,059
Amounts advanced 12,162 48,648
Amounts repaid (23,743 ) (52,964 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,162 23,743