Registered number
14382768
Zenuro Foods Limited
Report and Accounts
31 August 2024
Zenuro Foods Limited
Report and accounts
Contents
Page
Director's report1
Accountants' report2
Profit and loss account3
Balance sheet4
Statement of changes in equity5
Notes to the accounts6
Zenuro Foods Limited
Registered number: 14382768
Director's Report
The director presents his report and accounts for the year ended 31 August 2024.
Principal activities
The company's principal activity during the year continued to be a cash and carry.
Directors
The following persons served as directors during the year:
Mr Berkan Karakus
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 17 February 2024 and signed on its behalf.
Mr Anil Berkan Karakus
Director
Zenuro Foods Limited
Accountants' Report
Accountants' report to the director of
Zenuro Foods Limited
You consider that the company is exempt from an audit for the year ended 31 August 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Demsa Accounts Ltd
Accountants
565 Green Lanes
London
N8 0RL
17 February 2024
Zenuro Foods Limited
Profit and Loss Account
for the year ended 31 August 2024
2024 2023
£ £
Turnover2,775,1461,230,776
Cost of sales(2,461,258)(1,093,997)
Gross profit313,888136,779
Administrative expenses(230,464)(97,635)
Other operating income150-
Operating profit83,57439,144
Interest payable(400)-
Profit before taxation83,17439,144
Tax on profit(11,190)(1,723)
Profit for the financial year71,98437,421
Zenuro Foods Limited
Registered number:14382768
Balance Sheet
as at 31 August 2024
Notes2024 2023
£ £
Fixed assets
Tangible assets347,33330,673
Current assets
Stocks140,000110,000
Debtors4125,2163,339
Metro Bank - 472894837,028 2,674
CAPITAL ON TAP(11,000)-
Cash at bank and in hand1,7271,095
262,971117,108
Creditors: amounts falling due within one year5(200,799)(110,260)
Net current assets62,1726,848
Net assets109,50537,521
Capital and reserves
Called up share capital100100
Profit and loss account109,40537,421
Shareholder's funds109,50537,521
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 Anil Berkan Karakus
Director
Approved by the board on 17 February 2024
Zenuro Foods Limited
Statement of Changes in Equity
for the year ended 31 August 2024
ShareShareRe-ProfitTotal
capitalpremiumvaluationand loss
reserveaccount
£ £ £ £ £
At 1 September 2022- - - - -
Profit for the financial year37,421 37,421
Shares issued100- 100
At 31 August 2023100 - - 37,421 37,521
At 1 September 2023100- - 37,42137,521
Profit for the financial year71,98471,984
At 31 August 2024100- - 109,405109,505
Zenuro Foods Limited
Notes to the Accounts
for the year ended 31 August 2024
1Accounting 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 buildingsover 50 years
Leasehold land and buildingsover the lease term
Plant and machineryover 5 years
Fixtures, fittings, tools and equipmentover 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2Employees2024 2023
NumberNumber
Average number of persons employed by the company86
3Tangible fixed assets
Plant and machinery etcMotor vehiclesTotal
£ £ £
Cost
At 1 September 202315,10020,00035,100
Additions- 31,48231,482
Disposals- (10,286)(10,286)
At 31 August 202415,10041,19656,296
Depreciation
At 1 September 20232,4112,0164,427
Charge for the year2,5371,9994,536
At 31 August 20244,9484,0158,963
Net book value
At 31 August 202410,15237,18147,333
At 31 August 202312,68917,98430,673
4Debtors2024 2023
£ £
Trade debtors124,216-
Texas Burgers and Shake1,000 -
Other debtors- 3,339
125,2163,339
5Creditors: amounts falling due within one year2024 2023
£ £
Zeyra Osman1,446 -
Ozgur Celik2,393 -
Anil Berkan Karakus2,273 -
Trade creditors186,17594,031
Taxation and social security costs8,133(11,499)
Other creditors37927,728
200,799110,260
6Other information
Zenuro Foods Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2 Beck Hill Yard
Bridlington
YO15 3BD
Zenuro Foods Limited
Detailed profit and loss account
for the year ended 31 August 2024
This schedule does not form part of the statutory accounts
2024 2023
£ £
Sales2,775,1461,230,776
Cost of sales(2,461,258)(1,093,997)
Gross profit313,888136,779
Administrative expenses(230,464)(97,635)
Other operating income150-
Operating profit83,57439,144
Interest payable(400)-
Profit before tax83,17439,144
Zenuro Foods Limited
Detailed profit and loss account
for the year ended 31 August 2024
This schedule does not form part of the statutory accounts
2024 2023
£ £
Sales
Sales
2,775,146
1,230,776
Cost of sales
Purchases
2,487,184
1,203,997
Increase in stocks(
30,000
)
(
110,000
)
Subcontractor costs
1,312
-
Other direct costs
2,762
-
2,461,258 1,093,997
Administrative expenses
Employee costs:
Wages and salaries
59,487
9,679
Director's salary
33,833
13,869
Donation- 600
Employer's NI
3,477
308
Travel and subsistence
1,672
79
Motor expenses
34,704
7,098
133,173 31,633
Premises costs:
Rent
22,953
5,083
Insurance - Building467 -
Waste1,243 933
Light and heat
8,284
-
Cleaning
390
518
33,337 6,534
General administrative expenses:
Telephone and internet
1,798
722
Postage
1,350
45
Stationery and printing
988
1,001
Courier services
575
6,586
Subscriptions
793
-
Bank charges
1,034
376
Insurance
11,061
5,815
Equipment expensed
6,046
7,550
P/L on disposal of vehicle10,286 -
Vehicle Hire5,961 -
Car Hire3,570 229
Equipment hire-
435
Software
1,182
750
Repairs and maintenance
173
24,819
Depreciation
4,536
4,427
Sundry expenses
1,114
1,296
50,467 54,051
Legal and professional costs:
Accountancy fees
2,400
2,400
Penalty115 -
Consultancy fees
8,295
-
Advertising and PR
427
1,156
Other legal and professional
2,250
1,861
13,487 5,417
230,464 97,635
Other operating income
Other operating income
150
-
Zenuro Foods Limited14382768false2023-09-012024-08-312024-08-31VT Final AccountsApril 2024Mr Anil Berkan Karakustrue143827682022-09-012023-08-3114382768core:ShareCapital2022-09-012023-08-3114382768core:SharePremium2022-09-012023-08-3114382768core:WithinOneYear2023-08-3114382768core:ShareCapital2023-08-3114382768core:RetainedEarningsAccumulatedLosses2023-08-31143827682022-08-3114382768core:ShareCapital2022-08-3114382768core:SharePremium2022-08-3114382768core:OtherReservesSubtotal2022-08-3114382768core:RetainedEarningsAccumulatedLosses2022-08-31143827682023-09-012024-08-3114382768bus:PrivateLimitedCompanyLtd2023-09-012024-08-3114382768bus:AuditExemptWithAccountantsReport2023-09-012024-08-3114382768bus:Director12023-09-012024-08-3114382768bus:Director402023-09-012024-08-3114382768core:RetainedEarningsAccumulatedLosses2023-09-012024-08-311438276812023-09-012024-08-311438276822023-09-012024-08-3114382768core:PlantMachinery2023-09-012024-08-3114382768core:Vehicles2023-09-012024-08-3114382768countries:England2023-09-012024-08-3114382768bus:FRS1022023-09-012024-08-3114382768bus:FullAccounts2023-09-012024-08-31143827682024-08-3114382768core:WithinOneYear2024-08-3114382768core:ShareCapital2024-08-3114382768core:RetainedEarningsAccumulatedLosses2024-08-3114382768core:SharePremium2024-08-3114382768core:OtherReservesSubtotal2024-08-3114382768core:PlantMachinery2024-08-3114382768core:Vehicles2024-08-31143827682023-08-3114382768core:SharePremium2023-08-3114382768core:OtherReservesSubtotal2023-08-3114382768core:PlantMachinery2023-08-3114382768core:Vehicles2023-08-31iso4217:GBPxbrli:pure