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REGISTERED NUMBER: SC638449 (Scotland)















Unaudited Financial Statements For The Year Ended 31 August 2024

for

ZK Convenience Ltd

ZK Convenience Ltd (Registered number: SC638449)






Contents of the Financial Statements
For The Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ZK Convenience Ltd

Company Information
For The Year Ended 31 August 2024







DIRECTOR: J Ahmad





REGISTERED OFFICE: 7 Clouden Road,
Cumbernauld,
G67 2JD





REGISTERED NUMBER: SC638449 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan
95-107 Lancefield Street
Glasgow
Lanarkshire
G3 8HZ

ZK Convenience Ltd (Registered number: SC638449)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 10,000
Tangible assets 5 15,115 17,490
25,115 27,490

CURRENT ASSETS
Stocks 6 49,525 53,050
Cash at bank and in hand 7,466 18,682
56,991 71,732
CREDITORS
Amounts falling due within one year 7 113,407 131,162
NET CURRENT LIABILITIES (56,416 ) (59,430 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(31,301

)

(31,940

)

CREDITORS
Amounts falling due after more than one
year

8

28,505

22,141
NET LIABILITIES (59,806 ) (54,081 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (59,906 ) (54,181 )
SHAREHOLDERS' FUNDS (59,806 ) (54,081 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ZK Convenience Ltd (Registered number: SC638449)

Balance Sheet - continued
31 August 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 9 June 2025 and were signed by:





J Ahmad - Director


ZK Convenience Ltd (Registered number: SC638449)

Notes to the Financial Statements
For The Year Ended 31 August 2024

1. STATUTORY INFORMATION

ZK Convenience Ltd is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

ZK Convenience Ltd (Registered number: SC638449)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 10,000
NET BOOK VALUE
At 31 August 2024 10,000
At 31 August 2023 10,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2023 18,969 11,749 30,718
Additions 1,410 - 1,410
At 31 August 2024 20,379 11,749 32,128
DEPRECIATION
At 1 September 2023 7,495 5,733 13,228
Charge for year 2,577 1,208 3,785
At 31 August 2024 10,072 6,941 17,013
NET BOOK VALUE
At 31 August 2024 10,307 4,808 15,115
At 31 August 2023 11,474 6,016 17,490

6. STOCKS
31.8.24 31.8.23
£    £   
Stocks 49,525 53,050

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 6,001 20,000
Trade creditors 55,450 41,019
PAYE 347 289
VAT 1,151 3,514
Directors' loan accounts 42,653 59,199
Deferred income - 1,066
Accrued expenses 7,805 6,075
113,407 131,162

ZK Convenience Ltd (Registered number: SC638449)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loan 28,505 22,141

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 September 2023 (54,181 )
Deficit for the year (5,725 )
At 31 August 2024 (59,906 )