Acorah Software Products - Accounts Production 16.2.800 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 06620586 Mr Hiren Patel Mr Paresh Patel Mr Mithun Patel true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06620586 2023-06-30 06620586 2024-06-30 06620586 2023-07-01 2024-06-30 06620586 frs-core:CurrentFinancialInstruments 2024-06-30 06620586 frs-core:Non-currentFinancialInstruments 2024-06-30 06620586 frs-core:BetweenOneFiveYears 2024-06-30 06620586 frs-core:ComputerEquipment 2024-06-30 06620586 frs-core:ComputerEquipment 2023-07-01 2024-06-30 06620586 frs-core:ComputerEquipment 2023-06-30 06620586 frs-core:MotorVehicles 2024-06-30 06620586 frs-core:MotorVehicles 2023-07-01 2024-06-30 06620586 frs-core:MotorVehicles 2023-06-30 06620586 frs-core:OtherResidualIntangibleAssets 2024-06-30 06620586 frs-core:OtherResidualIntangibleAssets 2023-06-30 06620586 frs-core:PlantMachinery 2024-06-30 06620586 frs-core:PlantMachinery 2023-07-01 2024-06-30 06620586 frs-core:PlantMachinery 2023-06-30 06620586 frs-core:WithinOneYear 2024-06-30 06620586 frs-core:ShareCapital 2024-06-30 06620586 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 06620586 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06620586 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 06620586 frs-bus:SmallEntities 2023-07-01 2024-06-30 06620586 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06620586 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 06620586 1 2023-07-01 2024-06-30 06620586 frs-bus:Director1 2023-07-01 2024-06-30 06620586 frs-bus:Director2 2023-07-01 2024-06-30 06620586 frs-bus:Director3 2023-07-01 2024-06-30 06620586 frs-countries:EnglandWales 2023-07-01 2024-06-30 06620586 2022-06-30 06620586 2023-06-30 06620586 2022-07-01 2023-06-30 06620586 frs-core:CurrentFinancialInstruments 2023-06-30 06620586 frs-core:Non-currentFinancialInstruments 2023-06-30 06620586 frs-core:BetweenOneFiveYears 2023-06-30 06620586 frs-core:WithinOneYear 2023-06-30 06620586 frs-core:ShareCapital 2023-06-30 06620586 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 06620586
ZSA Traders Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06620586
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,000 2,000
Tangible Assets 5 213,506 224,782
215,506 226,782
CURRENT ASSETS
Stocks 6 73,035 83,193
Debtors 7 862,158 620,652
Cash at bank and in hand 201,528 329,554
1,136,721 1,033,399
Creditors: Amounts Falling Due Within One Year 8 (852,955 ) (700,559 )
NET CURRENT ASSETS (LIABILITIES) 283,766 332,840
TOTAL ASSETS LESS CURRENT LIABILITIES 499,272 559,622
Creditors: Amounts Falling Due After More Than One Year 9 (15,738 ) (20,752 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (47,896 ) (36,658 )
NET ASSETS 435,638 502,212
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 435,636 502,210
SHAREHOLDERS' FUNDS 435,638 502,212
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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 directors acknowledge their 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
Mr Hiren Patel
Director
Mr Paresh Patel
Director
Mr Mithun Patel
Director
25/03/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
ZSA Traders Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06620586 . The registered office is St James House, 65 Mere Green Road, Sutton Coldfield, West Midlands, B75 5BY.
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 15% reducing balance/2% straight line
Motor Vehicles 25% reducing balance
Computer Equipment 33% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2023: 25)
25 25
4. Intangible Assets
Other
£
Cost
As at 1 July 2023 2,000
As at 30 June 2024 2,000
Net Book Value
As at 30 June 2024 2,000
As at 1 July 2023 2,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 231,120 105,629 12,908 349,657
Additions 1,192 - 49,246 50,438
Disposals (2,830 ) - (12,908 ) (15,738 )
As at 30 June 2024 229,482 105,629 49,246 384,357
Depreciation
As at 1 July 2023 86,056 27,770 11,049 124,875
Provided during the period 36,725 19,465 5,327 61,517
Disposals (4,492 ) - (11,049 ) (15,541 )
As at 30 June 2024 118,289 47,235 5,327 170,851
...CONTINUED
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Page 5
Net Book Value
As at 30 June 2024 111,193 58,394 43,919 213,506
As at 1 July 2023 145,064 77,859 1,859 224,782
6. Stocks
2024 2023
£ £
Finished goods 73,035 83,193
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 636,752 559,983
Other debtors 18,139 20,059
Other taxes and social security 38,167 23,610
Amounts owed by group undertakings - 17,000
Amounts owed by associates 169,100 -
862,158 620,652
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,200 4,201
Trade creditors 497,903 412,709
Other creditors 43,134 282,649
Accruals and deferred income 307,718 -
Amounts owed to associates - 1,000
852,955 700,559
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,738 20,752
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,200 4,201
Later than one year and not later than five years 15,738 20,752
19,938 24,953
19,938 24,953
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
12. Related Party Transactions
£95,100 (2023 Nil) is owed to the company by Internode Pharma Ltd a company with common directors and shareholders.
£74,000 (2023 £1,000 owed to) is owed to the company by Amber Pharm Ltd a company with one common director and shareholder.
13. Ultimate Controlling Party
The company's ultimate controlling party is Pharmxpress Ltd by virtue of his ownership of 100% of the issued share capital in the company.
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