Zav Group Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13782370 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ZAV GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr Umer Zaheer Ahmed

REGISTERED OFFICE:

33 Roebeck Road

Hainault Business Park

Ilford

IG6 3TZ

REGISTERED NUMBER:

13782370 (England and Wales)

ACCOUNTANTS:

Hybrid Accountancy Limited

Suite 3, 16 Village Way East

Harrow

HA2 7LU

FIXED ASSETS

Tangible assets

4

1,508

2,010

CURRENT ASSETS

Debtors

5

316,204

3,354

Investments

6

220

-

Cash at bank and in hand

74,612

1,143

391,036

4,497

CREDITORS

Amounts falling due within one year

7

387,712

6,101

NET CURRENT ASSETS/(LIABILITIES)

3,324

(1,604

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,832

406

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

4,732

306

SHAREHOLDERS' FUNDS

4,832

406

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 23 December 2025 and were signed by:

Mr Umer Zaheer Ahmed - Director

1.	STATUTORY INFORMATION

Zav Group Ltd 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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 cost

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

2,513

DEPRECIATION

At 1 January 2024

503

Charge for year

502

At 31 December 2024

1,005

NET BOOK VALUE

At 31 December 2024

1,508

At 31 December 2023

2,010

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Amounts owed by group undertakings

73,023

3,354

Other debtors

103,488

-

Directors' current accounts

139,693

-

316,204

3,354

6.	CURRENT ASSET INVESTMENTS

31/12/24

31/12/23

£

Shares in group undertakings

220

-

Zav Group Ltd. holds interests in the following companies:

On 9 December 2022, Zav Group Ltd. acquired 100% of the issued share capital of Tutelage Care Hatley Ltd (Company No. 14086964).

On 3 March 2023, Zav Group Ltd. acquired a 20% interest in Solace Care Partners Ltd (Company No. 11401320). This investment is accounted for as an associate using the equity method.

On 5 August 2024, Zav Group Ltd. acquired 100% of the issued share capital of ZST Care Ltd (Company No. 15878865).

Accordingly, Tutelage Care Hatley Ltd and ZST Care Ltd are accounted for as wholly owned subsidiaries of Zav Group Ltd., while Solace Care Partners Ltd is classified as an associate undertaking.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Amounts owed to group undertakings

302,609

4,500

Tax

50,442

520

Social security and other taxes

1,861

-

Other creditors

31,000

-

Directors' current accounts

-

81

Accrued expenses

1,800

1,000

387,712

6,101

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

100

Ordinary

1

100

9.

RESERVES

Retained

earnings

£

At 1 January 2024

306

Profit for the year

33,918

Dividends

(29,492

)

At 31 December 2024

4,732

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31/12/24

31/12/23

£

Mr Umer Zaheer Ahmed

Balance outstanding at start of year

-

Amounts advanced

139,693

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

139,693

-

At the balance sheet date, the amount owed to the company by the director, Mr. Umer Ahmed, totalled £139,692.83. The balance relates to funds withdrawn during the year. The loan is unsecured, repayable on demand, and interest is charged at the HMRC Official Rate of Interest. Based on the outstanding balance, the annual interest charge to the director amounts to £3,492 which has been recognised in the financial statements.

As the loan remained outstanding more than nine months after the end of the financial year, the company is liable to a Corporation Tax charge under Section 455 of the Corporation Tax Act 2010. The tax charge calculated on the overdrawn balance amounts to £47,146. This Section 455 tax is recoverable by the company once the loan is fully repaid or otherwise cleared in accordance with the legislation.