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REGISTERED NUMBER: 03759024 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

M. J. Zara Associates Limited

M. J. Zara Associates Limited (Registered number: 03759024)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M. J. Zara Associates Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Ms J Zara





REGISTERED OFFICE: 139 High Street
Lewes
East Sussex
BN7 1XS





REGISTERED NUMBER: 03759024 (England and Wales)





ACCOUNTANTS: Caburn Accountants Limited
Chartered Certified Accountants
First Floor,
The Estate Office
The Green, Lewes Road
Ringmer
East Sussex
BN8 5QE

M. J. Zara Associates Limited (Registered number: 03759024)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,630 51,403

CURRENT ASSETS
Stocks 3,000 5,000
Debtors 5 14,297 33,441
Cash at bank 78,745 113,684
96,042 152,125
CREDITORS
Amounts falling due within one year 6 17,890 27,541
NET CURRENT ASSETS 78,152 124,584
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,782

175,987

CREDITORS
Amounts falling due after more than one
year

7

30,000

30,000
NET ASSETS 93,782 145,987

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings 93,182 145,387
SHAREHOLDERS' FUNDS 93,782 145,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

M. J. Zara Associates Limited (Registered number: 03759024)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2025 and were signed by:





Ms J Zara - Director


M. J. Zara Associates Limited (Registered number: 03759024)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

M. J. Zara Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment, fixtures & fittings - 15% on reducing balance
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

M. J. Zara Associates Limited (Registered number: 03759024)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Equipment,
fixtures Computer
& fittings equipment Totals
£    £    £   
COST
At 1 July 2023 109,734 40,076 149,810
Additions 4,290 - 4,290
At 30 June 2024 114,024 40,076 154,100
DEPRECIATION
At 1 July 2023 60,721 37,686 98,407
Charge for year 7,995 2,068 10,063
At 30 June 2024 68,716 39,754 108,470
NET BOOK VALUE
At 30 June 2024 45,308 322 45,630
At 30 June 2023 49,013 2,390 51,403

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 11,900 31,452
Prepayments 2,397 1,989
14,297 33,441

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Tax - 1,862
Social security and other taxes 14,153 22,142
Other creditors 826 777
Accrued expenses 2,911 2,760
17,890 27,541

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Preference shares 30,000 30,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 30,000 30,000