Z & K Southwest Ltd 11293145 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Fast food franchisee Digita Accounts Production Advanced 6.30.9574.0 true true 11293145 2023-05-01 2024-04-30 11293145 2024-04-30 11293145 core:CurrentFinancialInstruments 2024-04-30 11293145 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 11293145 core:FurnitureFittingsToolsEquipment 2024-04-30 11293145 core:OtherPropertyPlantEquipment 2024-04-30 11293145 bus:SmallEntities 2023-05-01 2024-04-30 11293145 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11293145 bus:FilletedAccounts 2023-05-01 2024-04-30 11293145 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11293145 bus:RegisteredOffice 2023-05-01 2024-04-30 11293145 bus:CompanySecretary1 2023-05-01 2024-04-30 11293145 bus:Director1 2023-05-01 2024-04-30 11293145 bus:Director3 2023-05-01 2024-04-30 11293145 bus:Director4 2023-05-01 2024-04-30 11293145 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11293145 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 11293145 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 11293145 core:ToolsEquipment 2023-05-01 2024-04-30 11293145 countries:England 2023-05-01 2024-04-30 11293145 2023-04-30 11293145 core:FurnitureFittingsToolsEquipment 2023-04-30 11293145 core:OtherPropertyPlantEquipment 2023-04-30 11293145 2022-05-01 2023-04-30 11293145 2023-04-30 11293145 core:CurrentFinancialInstruments 2023-04-30 11293145 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 11293145 core:FurnitureFittingsToolsEquipment 2023-04-30 11293145 core:OtherPropertyPlantEquipment 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 11293145

Z & K Southwest Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

Z & K Southwest Ltd

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Z & K Southwest Ltd

Company Information

Directors

Mr Zubair Ali

Mr Ranjeet Goraya

Mr Kiran Kumar Poddila

Company secretary

Mr Jeevan Neupane

Registered office

175 Bristol Road
Gloucester
GL1 5TG

Accountants

Mr Mohamed Junaid Ghanti
9 kenilworth avenue
Gloucester
GL2 0QJ

 

Z & K Southwest Ltd

(Registration number: 11293145)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

185,078

101,693

Current assets

 

Debtors

5

64,143

13,536

Cash at bank and in hand

 

13,277

180,401

 

77,420

193,937

Creditors: Amounts falling due within one year

(143,577)

(203,053)

Net current liabilities

 

(66,157)

(9,116)

Net assets

 

118,921

92,577

Capital and reserves

 

Called up share capital

6

1,000

1,000

Retained earnings

117,921

91,577

Shareholders' funds

 

118,921

92,577

For the financial year ending 30 April 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 January 2025 and signed on its behalf by:
 

.........................................
Mr Ranjeet Goraya
Director

 

Z & K Southwest Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
175 Bristol Road
Gloucester
GL1 5TG

These financial statements were authorised for issue by the Board on 29 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Z & K Southwest Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture & fittings

20% straight line basis

Equipment

20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Z & K Southwest Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 40 (2023 - 40).

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

341,917

66,752

408,669

Additions

116,581

21,004

137,585

At 30 April 2024

458,498

87,756

546,254

Depreciation

At 1 May 2023

240,360

66,616

306,976

Charge for the year

50,000

4,200

54,200

At 30 April 2024

290,360

70,816

361,176

Carrying amount

At 30 April 2024

168,138

16,940

185,078

At 30 April 2023

101,557

136

101,693

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

6

Share capital

7

Dividends

2024

2023

£

£