1 July 2023 false No description of principal activity Taxfiler 2024.7.3 00649985business:PrivateLimitedCompanyLtd2023-07-012024-06-30 006499852023-06-30 006499852023-07-012024-06-30 00649985business:AuditExemptWithAccountantsReport2023-07-012024-06-30 00649985business:FilletedAccounts2023-07-012024-06-30 006499852024-06-30 00649985business:Director12023-07-012024-06-30 00649985business:RegisteredOffice2023-07-012024-06-30 006499852023-06-30 00649985core:WithinOneYear2024-06-30 00649985core:WithinOneYear2023-06-30 00649985core:AfterOneYear2024-06-30 00649985core:AfterOneYear2023-06-30 00649985core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 00649985core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 00649985core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 00649985core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 00649985core:PreviouslyStatedAmount2024-06-30 00649985core:PreviouslyStatedAmount2023-06-30 00649985business:SmallEntities2023-07-012024-06-30 00649985countries:EnglandWales2023-07-012024-06-30 00649985core:LandBuildings2023-07-012024-06-30 00649985core:FurnitureFittings2023-07-012024-06-30 00649985core:ComputerEquipment2023-07-012024-06-30 00649985core:Goodwill2023-06-30 00649985core:Goodwill2024-06-30 00649985core:LandBuildings2023-06-30 00649985core:FurnitureFittings2023-06-30 00649985core:ComputerEquipment2023-06-30 00649985core:LandBuildings2024-06-30 00649985core:FurnitureFittings2024-06-30 00649985core:ComputerEquipment2024-06-30 006499852022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 00649985 (England and Wales)
Z.& M.Associates Limited Unaudited accounts for the year ended 30 June 2024
Z.& M.Associates Limited Unaudited accounts Contents
Page
- 2 -
Z.& M.Associates Limited Company Information for the year ended 30 June 2024
Director
Mr A Silber
Company Number
00649985 (England and Wales)
Registered Office
Churchill House 137-139 Brent Street London NW4 4DJ
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
- 3 -
Z.& M.Associates Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,736 
2,085 
Current assets
Inventories
194,185 
172,450 
Debtors
13,084 
19,625 
Cash at bank and in hand
8,851 
8,890 
216,120 
200,965 
Creditors: amounts falling due within one year
(364,084)
(379,807)
Net current liabilities
(147,964)
(178,842)
Total assets less current liabilities
(146,228)
(176,757)
Creditors: amounts falling due after more than one year
(35,254)
(42,458)
Net liabilities
(181,482)
(219,215)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(181,582)
(219,315)
Shareholders' funds
(181,482)
(219,215)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 March 2025 and were signed on its behalf by
Mr A Silber Director Company Registration No. 00649985
- 4 -
Z.& M.Associates Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Z.& M.Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 00649985. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over the life of the lease
Fixtures & fittings
15% reducing balance method
Computer equipment
25% reducing balance method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
- 5 -
Z.& M.Associates Limited Notes to the Accounts for the year ended 30 June 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
125,923 
At 30 June 2024
125,923 
Amortisation
At 1 July 2023
125,923 
At 30 June 2024
125,923 
Net book value
At 30 June 2024
- 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
49,228 
78,010 
1,124 
128,362 
At 30 June 2024
49,228 
78,010 
1,124 
128,362 
Depreciation
At 1 July 2023
49,228 
76,280 
769 
126,277 
Charge for the year
- 
260 
89 
349 
At 30 June 2024
49,228 
76,540 
858 
126,626 
Net book value
At 30 June 2024
- 
1,470 
266 
1,736 
At 30 June 2023
- 
1,730 
355 
2,085 
6
Inventories
2024 
2023 
£ 
£ 
Finished goods
194,185 
172,450 
194,185 
172,450 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
13,084 
19,625 
- 6 -
Z.& M.Associates Limited Notes to the Accounts for the year ended 30 June 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,200 
7,200 
VAT
3,680 
2,113 
Trade creditors
21,601 
44,689 
Taxes and social security
447 
268 
Other creditors
646 
- 
Loans from directors
329,310 
324,337 
Accruals
1,200 
1,200 
364,084 
379,807 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
35,254 
42,458 
10
Transactions with related parties
Included within other creditors is an amount of £329,310 (2023: £324,337) due to a director of the company.
11
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 7 -