Registered number
10353882
ZNK LIMITED
Filleted Accounts
30 September 2024
ZNK LIMITED
Registered number: 10353882
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 19,928 24,766
Current assets
Stocks 1,975 740
Debtors 4 3,816 4,500
Cash at bank and in hand 60,850 55,054
66,641 60,294
Creditors: amounts falling due within one year 5 (57,089) (27,632)
Net current assets 9,552 32,662
Total assets less current liabilities 29,480 57,428
Creditors: amounts falling due after more than one year 6 (6,222) (38,803)
Net assets 23,258 18,625
Capital and reserves
Share premium 100 100
Profit and loss account 23,158 18,525
Shareholders' funds 23,258 18,625
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Zakaria Chowdhury
Director
Approved by the board on 4 March 2025
ZNK LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings 10% straight line
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 9
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 17,193 31,519 48,712
At 30 September 2024 17,193 31,519 48,712
Depreciation
At 1 October 2023 8,023 15,923 23,946
Charge for the year 1,719 3,119 4,838
At 30 September 2024 9,742 19,042 28,784
Net book value
At 30 September 2024 7,451 12,477 19,928
At 30 September 2023 9,170 15,596 24,766
4 Debtors 2024 2023
£ £
Trade debtors 3,316 3,000
Other debtors 500 1,500
3,816 4,500
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,903 -
Trade creditors 2,429 2,375
Taxation and social security costs 21,559 21,812
Other creditors 23,198 3,445
57,089 27,632
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,222 25,489
Other creditors - 13,314
6,222 38,803
7 Other information
ZNK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
28-29 High Street Clare
Sudbury
Suffolk
CO10 8NY
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