1 January 2023 false Taxfiler 2024.5 true 10771171business:PrivateLimitedCompanyLtd2023-01-012023-12-31 107711712022-12-31 107711712023-01-012023-12-31 10771171business:AuditExemptWithAccountantsReport2023-01-012023-12-31 10771171business:FilletedAccounts2023-01-012023-12-31 107711712023-12-31 10771171business:Director12023-01-012023-12-31 10771171business:Director22023-01-012023-12-31 10771171business:RegisteredOffice2023-01-012023-12-31 107711712022-12-31 10771171core:WithinOneYear2023-12-31 10771171core:WithinOneYear2022-12-31 10771171core:AfterOneYear2023-12-31 10771171core:AfterOneYear2022-12-31 10771171core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 10771171core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 10771171core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 10771171core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 10771171core:PreviouslyStatedAmount2023-12-31 10771171core:PreviouslyStatedAmount2022-12-31 10771171business:SmallEntities2023-01-012023-12-31 10771171countries:EnglandWales2023-01-012023-12-31 10771171core:PlantMachinery2023-01-012023-12-31 10771171core:FurnitureFittings2023-01-012023-12-31 10771171core:ComputerEquipment2023-01-012023-12-31 10771171core:PlantMachinery2022-12-31 10771171core:PlantMachinery2023-12-31 10771171core:AfterOneYear2023-01-012023-12-31 107711712022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 10771171 (England and Wales)
ZAYA KITCHENS LIMITED Unaudited accounts for the year ended 31 December 2023
ZAYA KITCHENS LIMITED Unaudited accounts Contents
Page
- 2 -
ZAYA KITCHENS LIMITED Company Information for the year ended 31 December 2023
Directors
Hanisha Mohammad Asam Mohammad
Company Number
10771171 (England and Wales)
Registered Office
UNIT 1 STATION APPROACH EPSOM SURREY KT19 8EU UNITED KINGDOM
Accountants
Hybrid Premium LTD 110 Newbury Gardens Stoneleigh Epsom Surrey KT19 0PD
- 3 -
ZAYA KITCHENS LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,051 
134 
Current assets
Inventories
58,115 
22,825 
Debtors
54,802 
87,380 
Cash at bank and in hand
2 
16 
112,919 
110,221 
Creditors: amounts falling due within one year
(398,284)
(473,215)
Net current liabilities
(285,365)
(362,994)
Total assets less current liabilities
(255,314)
(362,860)
Creditors: amounts falling due after more than one year
(40,534)
(58,422)
Net liabilities
(295,848)
(421,282)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(295,948)
(421,382)
Shareholders' funds
(295,848)
(421,282)
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by
Hanisha Mohammad Director Company Registration No. 10771171
- 4 -
ZAYA KITCHENS LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
ZAYA KITCHENS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10771171. The registered office is UNIT 1 STATION APPROACH, EPSOM, SURREY, KT19 8EU, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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:
Plant & machinery
Show Room - Straight Line 3 Years
Fixtures & fittings
Straight Line - 3, 4 and 5 Years
Computer equipment
Straight Line - 3 Years
Inventories
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.
Going concern
At the balance sheet date, the company had net current liabilities of £255,314 and net liabilities of £295,848 The net current liabilities include a figure of £62,784.90 owed to the shareholders of the business who have indicated their willingness for the loans to be repaid only when the financial position of the company improves. Other financing is provided by the Bank and Schmidt Group, a global franchisor. The directors are confident that the company has sufficient funding available to enable it to continue trading for the foreseeable future and to meet its current and ongoing liabilities as they fall due. They, therefore, consider it appropriate to prepare the financial statements on a going-concern basis. The financial statements do not include any adjustments that would be necessary should the going concern basis not be appropriate.
- 5 -
ZAYA KITCHENS LIMITED Notes to the Accounts for the year ended 31 December 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
106,969 
Additions
38,019 
At 31 December 2023
144,988 
Depreciation
At 1 January 2023
106,835 
Charge for the year
8,102 
At 31 December 2023
114,937 
Net book value
At 31 December 2023
30,051 
At 31 December 2022
134 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
11,319 
- 
Trade debtors
- 
690 
Accrued income and prepayments
16,668 
59,575 
Other debtors
26,815 
27,115 
54,802 
87,380 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
79,027 
145,701 
VAT
28,747 
38,173 
Trade creditors
29,117 
138,033 
Taxes and social security
20,421 
6,624 
Loans from directors
62,785 
94,006 
Deferred income
178,187 
50,678 
398,284 
473,215 
- 6 -
ZAYA KITCHENS LIMITED Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,612 
30,500 
Other creditors
19,922 
27,922 
40,534 
58,422 
The company received an unsecured £50,000 bounce-back loan (2020), the balance at year-end £30,304.90 (2023), £40,193.68 (2022), loan term remaining 34 months at an interest rate of 2.5% (fixed) per annum.
8
Loans to directors
The company owed the company directors, £62,784.90 at the company year-end. No interest has been charged to date.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 7 -