REGISTERED NUMBER: 05084893 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30 June 2024

for

Zan Enterprises Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Hussain

Mrs N Vissangi V Hussain

SECRETARY:

Mrs N Vissangi V Hussain

REGISTERED OFFICE:

1a Woodcote Valley Road

Purley

Surrey

CR8 3AH

REGISTERED NUMBER:

05084893 (England and Wales)

ACCOUNTANTS:

RNS Business Solutions Limited

Chartered Accountants

276 Preston Road

Harrow

Middlesex

HA3 0QA

FIXED ASSETS

Tangible assets

4

39,134

20,333

CURRENT ASSETS

Stocks

3,290

3,000

Debtors

5

18,157

16,829

Cash at bank and in hand

30,292

32,240

51,739

52,069

CREDITORS

Amounts falling due within one year

6

(38,011

)

(66,492

)

NET CURRENT ASSETS/(LIABILITIES)

13,728

(14,423

)

TOTAL ASSETS LESS CURRENT LIABILITIES

52,862

5,910

CREDITORS

Amounts falling due after more than one year

7

(44,499

)

(33,415

)

PROVISIONS FOR LIABILITIES

(7,435

)

-

NET ASSETS/(LIABILITIES)

928

(27,505

)

CAPITAL AND RESERVES

Called up share capital

100

100

Profit and loss account

828

(27,605

)

SHAREHOLDERS' FUNDS

928

(27,505

)

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 directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:

Mr S Hussain - Director

Mrs N Vissangi V Hussain - Director

1.	STATUTORY INFORMATION

Zan Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal place of business is West Croydon Bus Station, Station Road, Croydon, CR0 2RB.

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 the cost less estimated residual value of each asset over its estimated useful life.

Short leasehold

-

Over the period of the lease

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2023

1,799

38,825

28,220

6,082

74,926

Additions

-

-

32,745

-

32,745

Disposals

-

-

(28,220

)

(833

)

(29,053

)

At 30 June 2024

1,799

38,825

32,745

5,249

78,618

DEPRECIATION

At 1 July 2023

1,739

23,293

25,395

4,166

54,593

Charge for year

60

2,331

8,186

459

11,036

Eliminated on disposal

-

-

(25,395

)

(750

)

(26,145

)

At 30 June 2024

1,799

25,624

8,186

3,875

39,484

NET BOOK VALUE

At 30 June 2024

-

13,201

24,559

1,374

39,134

At 30 June 2023

60

15,532

2,825

1,916

20,333

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/24

30/6/23

£

£

Other debtors

18,157

16,829

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/24

30/6/23

£

£

Bank loans and overdrafts

5,316

5,178

Hire purchase contracts (see note 8)

4,921

-

Trade creditors

5,354

6,236

Taxation and social security

-

199

Other creditors

22,420

54,879

38,011

66,492

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/6/24

30/6/23

£

£

Bank loans

28,097

33,415

Hire purchase contracts (see note 8)

16,402

-

44,499

33,415

30/6/24

30/6/23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,463

11,318

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

30/6/24

30/6/23

£

£

Gross obligations repayable:

Within one year

5,934

-

Between one and five years

19,779

-

25,713

-

Finance charges repayable:

Within one year

1,013

-

Between one and five years

3,377

-

4,390

-

Net obligations repayable:

Within one year

4,921

-

Between one and five years

16,402

-

21,323

-

Non-cancellable operating

leases

30/6/24

30/6/23

£

£

Within one year

-

5,069

9.	RELATED PARTY DISCLOSURES

Included in creditors is an amount due to the directors and shareholders of £19,071 (2023: £52,632). The outstanding loan due is interest free and payable on demand.