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REGISTERED NUMBER: 02165227 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Norman Zaifert Limited

Norman Zaifert Limited (Registered number: 02165227)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Norman Zaifert Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: N Zaifert
D R Zaifert





SECRETARY: D R Zaifert





REGISTERED OFFICE: 51 High Street
East Cowick
Goole
East Yorkshire
DN14 9EP





REGISTERED NUMBER: 02165227 (England and Wales)





ACCOUNTANTS: Try Lunn & Co
Chartered Accountants
Roland House
Princes Dock Street
HULL HU1 2LD

Norman Zaifert Limited (Registered number: 02165227)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 283,530 285,299

CURRENT ASSETS
Stocks 14,047 18,430
Cash in hand 100 100
14,147 18,530
CREDITORS
Amounts falling due within one year 5 118,849 85,789
NET CURRENT LIABILITIES (104,702 ) (67,259 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,828

218,040

CREDITORS
Amounts falling due after more than one
year

6

17,636

23,333
NET ASSETS 161,192 194,707

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 161,092 194,607
SHAREHOLDERS' FUNDS 161,192 194,707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Norman Zaifert Limited (Registered number: 02165227)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by:





D R Zaifert - Director


Norman Zaifert Limited (Registered number: 02165227)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Norman Zaifert 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.

The company meets its day to day working capital requirements by way of an overdraft facility and a loan from its bankers and the financial support of the Directors. The Directors expect to continue to operate within the bank and loan facilities and, additionally, the Directors have agreed to continue to provide financial support to ensure the Company can meets its debts as and when they fall due. Accordingly the financial statements have been prepared on the going concern basis.

The Company ceased trading in the year ending 31 July 2024. The directors are in the process of closing down the Company. This will be done in the most timely and efficient way possible.

Turnover
Turnover represents net invoiced sales, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost and in accordance with the lease terms
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 20% 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Norman Zaifert Limited (Registered number: 02165227)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 313,816 190,149 503,965
Disposals - (88,988 ) (88,988 )
At 31 July 2024 313,816 101,161 414,977
DEPRECIATION
At 1 August 2023 28,517 190,149 218,666
Charge for year 1,769 - 1,769
Eliminated on disposal - (88,988 ) (88,988 )
At 31 July 2024 30,286 101,161 131,447
NET BOOK VALUE
At 31 July 2024 283,530 - 283,530
At 31 July 2023 285,299 - 285,299

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,508 56,153
Trade creditors - 9,829
Taxation and social security 8,710 11,023
Other creditors 57,631 8,784
118,849 85,789

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 17,636 23,333

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 43,341 46,153
Bank loans 26,803 33,333
70,144 79,486

Norman Zaifert Limited (Registered number: 02165227)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 August 2023 194,607
Deficit for the year (33,515 )
At 31 July 2024 161,092

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount owed to N Zaifert by the Company at the balance sheet date was £53,888 (2023 - £1,308).

The amount owed to D Zaifert by the Company at the balance sheet date was £1,617 (2023 - £2,226).

11. CONTROLLING PARTY

The company is controlled by the directors.