2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2024 - FRS102_2024 20,000 7,000 1,000 8,000 12,000 13,000 xbrli:pure xbrli:shares iso4217:GBP 10226612 2023-07-01 2024-06-30 10226612 2024-06-30 10226612 2023-06-30 10226612 2022-07-01 2023-06-30 10226612 2023-06-30 10226612 2022-06-30 10226612 core:NetGoodwill 2023-07-01 2024-06-30 10226612 core:FurnitureFittings 2023-07-01 2024-06-30 10226612 bus:Director1 2023-07-01 2024-06-30 10226612 core:NetGoodwill 2023-06-30 10226612 core:NetGoodwill 2024-06-30 10226612 core:LandBuildings 2023-06-30 10226612 core:FurnitureFittings 2023-06-30 10226612 core:LandBuildings 2024-06-30 10226612 core:FurnitureFittings 2024-06-30 10226612 core:LandBuildings 2023-07-01 2024-06-30 10226612 core:WithinOneYear 2024-06-30 10226612 core:WithinOneYear 2023-06-30 10226612 core:AfterOneYear 2024-06-30 10226612 core:AfterOneYear 2023-06-30 10226612 core:ShareCapital 2024-06-30 10226612 core:ShareCapital 2023-06-30 10226612 core:RetainedEarningsAccumulatedLosses 2024-06-30 10226612 core:RetainedEarningsAccumulatedLosses 2023-06-30 10226612 core:NetGoodwill 2023-06-30 10226612 core:LandBuildings 2023-06-30 10226612 core:FurnitureFittings 2023-06-30 10226612 bus:Director1 2023-06-30 10226612 bus:Director1 2024-06-30 10226612 bus:Director1 2022-06-30 10226612 bus:Director1 2023-06-30 10226612 bus:Director1 2022-07-01 2023-06-30 10226612 bus:SmallEntities 2023-07-01 2024-06-30 10226612 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10226612 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10226612 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10226612 bus:FullAccounts 2023-07-01 2024-06-30 10226612 core:LandBuildings core:LongLeaseholdAssets 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 10226612
Zabka London Limited
Filleted Unaudited Financial Statements
30 June 2024
Zabka London Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
12,000
13,000
Tangible assets
6
6,359
7,344
--------
--------
18,359
20,344
Current assets
Stocks
22,782
17,493
Debtors
7
63,329
53,398
Cash at bank and in hand
2,979
16,187
--------
--------
89,090
87,078
Creditors: amounts falling due within one year
8
48,012
41,706
--------
--------
Net current assets
41,078
45,372
--------
--------
Total assets less current liabilities
59,437
65,716
Creditors: amounts falling due after more than one year
9
19,321
30,492
--------
--------
Net assets
40,116
35,224
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
40,016
35,124
--------
--------
Shareholders funds
40,116
35,224
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Zabka London Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 22 August 2024 , and are signed on behalf of the board by:
Mr M Singh
Director
Company registration number: 10226612
Zabka London Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Agincourt Villas, Uxbridge Road, Hillingdon, Middlesex, UB10 0NX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
4% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property
-
Over the term of lease
Fixtures and fittings
-
20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Particulars of employees
The average number of persons employed by the company during the year amounted to 2 (2023: 1 ).
5. Intangible assets
Goodwill
£
Cost
At 1 July 2023 and 30 June 2024
20,000
--------
Amortisation
At 1 July 2023
7,000
Charge for the year
1,000
--------
At 30 June 2024
8,000
--------
Carrying amount
At 30 June 2024
12,000
--------
At 30 June 2023
13,000
--------
6. Tangible assets
Land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 July 2023
4,262
10,688
14,950
Additions
178
178
-------
--------
--------
At 30 June 2024
4,262
10,866
15,128
-------
--------
--------
Depreciation
At 1 July 2023
1,492
6,114
7,606
Charge for the year
213
950
1,163
-------
--------
--------
At 30 June 2024
1,705
7,064
8,769
-------
--------
--------
Carrying amount
At 30 June 2024
2,557
3,802
6,359
-------
--------
--------
At 30 June 2023
2,770
4,574
7,344
-------
--------
--------
7. Debtors
2024
2023
£
£
Other debtors
63,329
53,398
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
6,726
6,726
Trade creditors
3,121
3,120
Corporation tax
1,553
1,338
Social security and other taxes
8,994
6,240
Other creditors
27,618
24,282
--------
--------
48,012
41,706
--------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,774
10,775
Other creditors
14,547
19,717
--------
--------
19,321
30,492
--------
--------
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr M Singh
( 19,717)
5,170
( 14,547)
--------
-------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr M Singh
( 22,032)
2,315
( 19,717)
--------
-------
--------