Company Registration No. 07454086 (England and Wales)
Zenith (Bolton) Ltd
Filleted accounts
for the year ended 31 March 2024
Zenith (Bolton) Ltd
Filleted accounts
Contents
Zenith (Bolton) Ltd
Company Information
for the year ended 31 March 2024
Directors
Mrs Arefa Ravat
Dr Irfan Akbar Ravat
Mrs Anna Ray
Dr Mark Stuart Ray
Company Number
07454086 (England and Wales)
Registered Office
Hawthorne House
17a Hawthorne Drive
Leicester
LE5 6DL
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Zenith (Bolton) Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
2,169,092
2,252,873
Cash at bank and in hand
58,720
100,589
Creditors: amounts falling due within one year
(86,719)
(90,911)
Net current (liabilities)/assets
(27,999)
9,678
Total assets less current liabilities
2,141,093
2,262,551
Creditors: amounts falling due after more than one year
(1,776,760)
(1,776,760)
Net assets
364,333
485,791
Called up share capital
200
200
Profit and loss account
364,133
485,591
Shareholders' funds
364,333
485,791
For the year ending 31 March 2024 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 16 September 2024 and were signed on its behalf by
Dr Irfan Akbar Ravat
Director
Company Registration No. 07454086
Zenith (Bolton) Ltd
Notes to the Accounts
for the year ended 31 March 2024
Zenith (Bolton) Ltd is a private company, limited by shares, registered in England and Wales, registration number 07454086. The registered office is Hawthorne House, 17a Hawthorne Drive, Leicester, LE5 6DL.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
Property 2% reducing balance; Integrals 10% reducing balance
Fixtures & fittings
25% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Zenith (Bolton) Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
2,754,612
333,639
3,088,251
At 31 March 2024
2,754,612
333,639
3,088,251
At 1 April 2023
573,825
261,553
835,378
Charge for the year
65,759
18,022
83,781
At 31 March 2024
639,584
279,575
919,159
At 31 March 2024
2,115,028
54,064
2,169,092
At 31 March 2023
2,180,787
72,086
2,252,873
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
21,159
25,376
Other creditors
9,799
9,799
Deferred income
55,000
55,000
6
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
1,776,760
1,776,760
Allotted, called up and fully paid:
50 A Ordinary Shares of £1 each
50
50
50 B Ordinary Shares of £1 each
50
50
46 C Ordinary Shares of £1 each
46
46
50 D Ordinary Shares of £1 each
50
50
4 E Ordinary Shares of £1 each
4
4
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).