Registered number
SC622927
ZA PHOTO LTD
Filleted Accounts
31 March 2024
ZA PHOTO LTD
Registered number: SC622927
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 28,047 19,863
Current assets
Cash at bank and in hand 6,294 6,593
Creditors: amounts falling due within one year 4 (3,391) (6,059)
Net current assets 2,903 534
Total assets less current liabilities 30,950 20,397
Creditors: amounts falling due after more than one year 5 (29,745) (19,998)
Net assets 1,205 399
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,105 299
Shareholder's funds 1,205 399
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 Zaheer Ahmad
Director
Approved by the board on 20 May 2024
ZA PHOTO LTD
Notes to the Accounts
for the year ended 31 March 2024
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment & tools 10% Reducing balance
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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment & tools Motor vehicle Total
£ £ £
Cost
At 1 April 2023 25,527 - 25,527
Additions 900 10,400 11,300
At 31 March 2024 26,427 10,400 36,827
Depreciation
At 1 April 2023 5,664 - 5,664
Charge for the year 2,076 1,040 3,116
At 31 March 2024 7,740 1,040 8,780
Net book value
At 31 March 2024 18,687 9,360 28,047
At 31 March 2023 19,863 - 19,863
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 608 1,155
Other creditors 2,783 4,904
3,391 6,059
5 Creditors: amounts falling due after one year 2024 2023
£ £
Director's loan account 15,573 3,528
Bounce back loan 14,172 16,470
29,745 19,998
ZA PHOTO LTD SC622927 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Mr Zaheer Ahmad No description of principal activity SC622927 2022-04-01 2023-03-31 SC622927 core:WithinOneYear 2023-03-31 SC622927 core:AfterOneYear 2023-03-31 SC622927 core:ShareCapital 2023-03-31 SC622927 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC622927 2023-04-01 2024-03-31 SC622927 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC622927 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC622927 bus:Director40 2023-04-01 2024-03-31 SC622927 2 2023-04-01 2024-03-31 SC622927 core:PlantMachinery 2023-04-01 2024-03-31 SC622927 core:Vehicles 2023-04-01 2024-03-31 SC622927 bus:FRS102 2023-04-01 2024-03-31 SC622927 bus:FilletedAccounts 2023-04-01 2024-03-31 SC622927 2024-03-31 SC622927 core:WithinOneYear 2024-03-31 SC622927 core:AfterOneYear 2024-03-31 SC622927 core:ShareCapital 2024-03-31 SC622927 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC622927 core:PlantMachinery 2024-03-31 SC622927 core:Vehicles 2024-03-31 SC622927 2023-03-31 SC622927 core:PlantMachinery 2023-03-31 SC622927 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure