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Registered number: 10788389
Zensai Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Ashton Knight Ltd
27 Old Gloucester Street
London
WC1N 3AX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10788389
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,650 18,512
22,650 18,512
CURRENT ASSETS
Stocks 5 119,500 267,993
Debtors 6 35,640 42,851
Cash at bank and in hand 37,650 15,536
192,790 326,380
Creditors: Amounts Falling Due Within One Year 7 (106,274 ) (256,800 )
NET CURRENT ASSETS (LIABILITIES) 86,516 69,580
TOTAL ASSETS LESS CURRENT LIABILITIES 109,166 88,092
Creditors: Amounts Falling Due After More Than One Year 8 (44,951 ) (50,150 )
NET ASSETS 64,215 37,942
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 64,115 37,842
SHAREHOLDERS' FUNDS 64,215 37,942
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Khushboo Saikia
Director
14/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Zensai Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10788389 . The registered office is 417 Centennial Avenue, Centennial Park, Elstree, WD6 3TN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 31100
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2023 23,140
Additions 9,800
As at 31 May 2024 32,940
Depreciation
As at 1 June 2023 4,628
Provided during the period 5,662
As at 31 May 2024 10,290
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 May 2024 22,650
As at 1 June 2023 18,512
5. Stocks
2024 2023
£ £
Stock 119,500 267,993
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 35,640 41,601
Other debtors - 1,250
35,640 42,851
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 106,274 256,800
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Trade creditors - 50,150
Bank loans 44,951 -
44,951 50,150
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4