ZKY Foods (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
9 Berners Place
London
W1T 3AD
United Kingdom

These financial statements were authorised for issue by the director on 12 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

ZKY Foods (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	15% on cost
Office Equipment	33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

ZKY Foods (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 4).

4

Taxation

Tax charged/(credited) in the profit and loss account

	2025 £	2024 £
Current taxation
UK corporation tax	15,082	6,560
UK corporation tax adjustment to prior periods	422	-
	15,504	6,560
Deferred taxation
Arising from changes in tax rates and laws	165	438
Tax expense in the income statement	15,669	6,998

Deferred tax

ZKY Foods (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

5	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 October 2024	6,430	17,483	23,913
Additions	-	2,160	2,160
At 30 September 2025	6,430	19,643	26,073
Depreciation
At 1 October 2024	3,282	15,141	18,423
Charge for the year	964	1,898	2,862
At 30 September 2025	4,246	17,039	21,285
Carrying amount
At 30 September 2025	2,184	2,604	4,788
At 30 September 2024	3,092	2,342	5,434

6

Stocks

	2025 £	2024 £
Finished goods and goods for resale	310,873	308,573

7

Debtors

Current	2025 £	2024 £
Trade debtors	349,632	486,342
Prepayments	5,263	11,886
Corporation tax recoverable	4,400	4,400
Other debtors	5,156	5,156
Other taxation	6,048	3,394
Director's current account	12,400	13,096
	382,899	524,274

ZKY Foods (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	140,652	280,661
Accruals	196,747	153,978
Retro rebates payable	38,749	43,854
Pension liability	592	644
Corporation tax	15,076	6,349
PAYE and NIC creditor	2,769	4,455
Credit card liabilities	1,300	-
	-	-
	-	-
	395,885	489,941

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	1,000	1,000	1,000	1,000

ZKY Foods (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

10	Related party transactions

The rate of interest charged on the debit balance on directors loan account is 2.5%.

Transactions with the director

2025	At 1 October 2024 £	Advances to director £	Repayments by director £	At 30 September 2025 £
Mr PD Poonjiaji
	13,096	44,463	(45,159)	12,400

2024	At 1 October 2023 £	Advances to director £	Repayments by director £	At 30 September 2024 £
Mr PD Poonjiaji
	13,718	29,378	(30,000)	13,096

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	65,000	65,000
Contributions paid to money purchase schemes	37,321	34,320
	102,321	99,320

Dividends paid to the director

		2025 £		2024 £
Mr PD Poonjiaji
		32,000		30,000

Summary of transactions with entities with joint control or significant interest

The director had a 100% shareholding in another company

Loans to related parties

2025	Entities with joint control or significant influence £	Total £
At start of period	2,815	2,815
At end of period	2,815	2,815

ZKY Foods (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

2024	Entities with joint control or significant influence £	Total £
At start of period	2,815	2,815
At end of period	2,815	2,815

Loans from related parties

2025	Entities with joint control or significant influence £	Total £
At start of period	159,157	159,157
Repaid	(2,330)	(2,330)
At end of period	156,827	156,827

2024	Entities with joint control or significant influence £	Total £
At start of period	161,411	161,411
Repaid	(2,254)	(2,254)
At end of period	159,157	159,157

12. Ultimate controlling party

The ultimate controlling party is Mr P Poonjiaji.