Registered number
10400226
ZAK EXHIBITIONS & CONFERENCES LIMITED
Filleted Accounts
30 September 2024
ZAK EXHIBITIONS & CONFERENCES LIMITED
Registered number: 10400226
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 795,182 795,182
Current assets
Debtors 4 230,605 154,663
Cash at bank and in hand 111,225 46,503
341,830 201,166
Creditors: amounts falling due within one year 5 (1,106,172) (878,296)
Net current liabilities (764,342) (677,130)
Net assets 30,840 118,052
Capital and reserves
Called up share capital 100 100
Profit and loss account 30,740 117,952
Shareholders' funds 30,840 118,052
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Syed Ahad Ahmed
Director
Approved by the board on 16 January 2025
ZAK EXHIBITIONS & CONFERENCES LIMITED
Notes to the Accounts
for the year ended 30 September 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 0%
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.
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 5 3
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2023 795,182
At 30 September 2024 795,182
Depreciation
At 30 September 2024 -
Net book value
At 30 September 2024 795,182
At 30 September 2023 795,182
4 Debtors 2024 2023
£ £
Trade debtors 106,272 37,958
Payments in advance 117,048 109,420
Other debtors 7,285 7,285
230,605 154,663
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 215,266 174,766
Loan from Zak Exhibitions & Conferences Pte Ltd 27,993 27,993
Directors loan account 801,872 640,626
Taxation and social security costs 30,310 19,453
Other creditors 30,731 15,458
1,106,172 878,296
6 Other information
ZAK EXHIBITIONS & CONFERENCES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
27 Wellington Street
Saint Johns
Blackburn
BB1 8AF
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