Registered number
06909927
ZAL LIMITED
Filleted Accounts
30 April 2024
ZAL LIMITED
Registered number: 06909927
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 111,405 115,015
Current assets
Stocks 110,000 140,000
Debtors 4 839,224 18,465
Cash at bank and in hand 66,548 178,451
1,015,772 336,916
Creditors: amounts falling due within one year 5 (273,581) (102,866)
Net current assets 742,191 234,050
Total assets less current liabilities 853,596 349,065
Creditors: amounts falling due after more than one year 6 (76,455) (35,000)
Net assets 777,141 314,065
Capital and reserves
Called up share capital 20 20
Profit and loss account 777,121 314,045
Shareholder's funds 777,141 314,065
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 Teyfik Cagin
Director
Approved by the board on 2 July 2024
ZAL LIMITED
Notes to the Accounts
for the year ended 30 April 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery Reducing Balance
Fixtures, fittings, tools and equipment Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 17 17
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 203,243 40,745 243,988
Additions 20,300 - 20,300
At 30 April 2024 223,543 40,745 264,288
Depreciation
At 1 May 2023 117,195 11,778 128,973
Charge for the year 18,117 5,793 23,910
At 30 April 2024 135,312 17,571 152,883
Net book value
At 30 April 2024 88,231 23,174 111,405
At 30 April 2023 86,048 28,967 115,015
4 Debtors 2024 2023
£ £
Other debtors 839,224 18,465
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 115,797 92,012
Taxation and social security costs 150,488 6,486
Other creditors 7,296 4,368
273,581 102,866
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 24,167 35,000
Other creditors 52,288 -
76,455 35,000
7 Other information
ZAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
66-68 Coldharbour Lane
Hayes
UB3 3ES
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