Registered number
09571744
Z&G BUILDING LTD
Filleted Accounts
31 May 2024
Z&G BUILDING LTD
Registered number: 09571744
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 22,535 -
Cash at bank and in hand 2,245 25,213
24,780 25,213
Creditors: amounts falling due within one year 4 (2,389) (4,403)
Net current assets 22,391 20,810
Total assets less current liabilities 22,391 20,810
Creditors: amounts falling due after more than one year 5 (6,400) (9,600)
Net assets 15,991 11,210
Capital and reserves
Called up share capital 1 1
Profit and loss account 15,990 11,209
Shareholder's funds 15,991 11,210
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.
Zubeyir Gezen
Director
Approved by the board on 19 February 2025
Z&G BUILDING LTD
Notes to the Accounts
for the year ended 31 May 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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 22,535 -
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,213 13
Taxation and social security costs 1,053 1,513
Other creditors 123 2,877
2,389 4,403
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,400 9,600
6 Other information
Z&G BUILDING LTD is a private company limited by shares and incorporated in England. Its registered office is:
1 Highgrove Street
Reading
England
RG1 5EJ
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