ZSAK MARYHILL LTD - Accounts to registrar (filleted)

REGISTERED NUMBER: SC552457 (Scotland)

Unaudited Financial Statements For The Year Ended 31 December 2024

for

ZSAK MARYHILL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S H Khan

REGISTERED OFFICE:

1417 Maryhill Road

Glasgow

G20 9AA

REGISTERED NUMBER:

SC552457 (Scotland)

FIXED ASSETS

Intangible assets

4

63,000

Tangible assets

5

74,722

137,722

CURRENT ASSETS

Stocks

2,108

1,746

Debtors

6

120,000

135,255

Prepayments and accrued income

1,113

Cash at bank and in hand

7

40,677

21,016

163,898

159,130

CREDITORS

Amounts falling due within one year

8

116,670

111,902

NET CURRENT ASSETS

47,228

TOTAL ASSETS LESS CURRENT
LIABILITIES

184,950

CREDITORS

Amounts falling due after more than one
year

9

121,050

NET ASSETS

63,900

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

63,800

SHAREHOLDERS' FUNDS

63,900

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

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

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 30 December 2025 and were signed by:

S H Khan - Director

1.	STATUTORY INFORMATION

ZSAK MARYHILL 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 0, 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.

Plant and machinery

-

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.

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 13 (2023 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

63,000

NET BOOK VALUE

At 31 December 2024

63,000

At 31 December 2023

63,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

80,240

DEPRECIATION

At 1 January 2024

and 31 December 2024

5,518

NET BOOK VALUE

At 31 December 2024

74,722

At 31 December 2023

74,722

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

120,000

135,255

7.	CASH AT BANK AND IN HAND

31.12.24

31.12.23

£

Bank account no. 1

38,792

19,131

Cash in hand

1,885

40,677

21,016

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

5,000

Trade creditors

2,488

1,514

Taxation and social security

34,060

32,922

Other creditors

75,122

72,466

116,670

111,902

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans

121,050

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100

ordinary

1.00

100