Company Registration No. 12374487 (England and Wales)
Zafarma Ltd
Filleted Accountd
for the year ended 31 December 2024
Zafarma Ltd
Filleted Accountd
Contents
Zafarma Ltd
Company Information
for the year ended 31 December 2024
Company Number
12374487 (England and Wales)
Registered Office
12 Greymede Avenue
Nottingham
NG8 6FB
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Zafarma Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
17,990
26,985
Cash at bank and in hand
892
656
Creditors: amounts falling due within one year
(10,350)
(7,953)
Net current assets
44,480
43,111
Total assets less current liabilities
62,470
70,096
Creditors: amounts falling due after more than one year
(62,326)
(69,994)
Called up share capital
100
100
Profit and loss account
44
2
Shareholders' funds
144
102
For the year ending 31 December 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 October 2025 and were signed on its behalf by
Uneeb Zafar
Director
Company Registration No. 12374487
Zafarma Ltd
Notes to the Accounts
for the year ended 31 December 2024
Zafarma Ltd is a private company, limited by shares, registered in England and Wales, registration number 12374487. The registered office is 12 Greymede Avenue, Nottingham, NG8 6FB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investments in shares are included at fair value.
Zafarma Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles
At 31 December 2024
44,975
At 31 December 2024
26,985
At 31 December 2024
17,990
At 31 December 2023
26,985
Amounts falling due within one year
6
Investments held as current assets
2024
2023
Unlisted investments
49,000
49,000
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
4,320
4,320
Taxes and social security
4,338
2,788
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
25,666
29,986
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Zafarma Ltd
Notes to the Accounts
for the year ended 31 December 2024
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).