Zahedi Health Co Ltd
Zahedi Health Co Ltd
Registered number: 10434102
Unaudited Financial Statements
For The Year Ended
31 October 2021
TaxAssist Accountants
Zahedi Health Co Ltd
Unaudited Financial Statements
For The Year Ended
31 October 2021
Unaudited Financial Statements
Contents | |
Page | |
---|---|
Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—5 |
Zahedi Health Co Ltd
Balance Sheet
As at
31 October 2021
Balance Sheet
Registered number:
10434102
For the year ending 31 October 2021 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 directors acknowledge their 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.
2021 | 2020 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 3 |
|
|
||
Tangible Assets | 4 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 5 |
|
|
||
Debtors | 6 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 7 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
( |
( |
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
Creditors: Amounts Falling Due After More Than One Year | 8 |
( |
( |
||
NET ASSETS/(LIABILITIES) |
|
( |
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 9 |
|
|
||
Profit and Loss Account |
|
( |
|||
SHAREHOLDERS' FUNDS | 12,490 | (170,328) | |||
Zahedi Health Co Ltd
Balance Sheet (continued)
As at
31 October 2021
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Director
|
|
The notes on pages 3 to 5 form part of these financial statements.
Zahedi Health Co Ltd
Notes to the Financial Statements
For The Year Ended
31 October 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold |
|
Plant & Machinery |
|
Fixtures & Fittings |
|
1.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.5.
Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.
Average Number of Employees
Average number of employees, including directors, during the year was :
2021 | 2020 | ||
---|---|---|---|
Office and administration |
|
|
|
|
|
||
Zahedi Health Co Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 October 2021
3.
Intangible Assets
Other | |||
---|---|---|---|
£ | |||
Cost | |||
As at
|
|
||
As at
|
|
||
Amortisation | |||
As at
|
|
||
Provided during the period |
|
||
As at
|
|
||
Net Book Value | |||
As at
|
|
||
As at
|
|
||
4.
Tangible Assets
Land & Property | ||||
---|---|---|---|---|
Leasehold | Plant & Machinery | Fixtures & Fittings | Total | |
£ | £ | £ | £ | |
Cost | ||||
As at
|
|
|
|
|
Additions |
|
|
|
|
As at
|
|
|
|
|
Depreciation | ||||
As at
|
|
|
|
|
Provided during the period |
|
|
|
|
As at
|
|
|
|
|
Net Book Value | ||||
As at
|
|
|
|
|
As at
|
|
|
|
|
5.
Stocks
2021 | 2020 | ||
---|---|---|---|
£ | £ | ||
Stock - finished goods |
|
|
|
|
|
||
Zahedi Health Co Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 October 2021
6.
Debtors
2021 | 2020 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
|
|
|
Prepayments and accrued income |
|
|
|
Other debtors (1) |
|
|
|
VAT | - |
|
|
|
|
||
7.
Creditors: Amounts Falling Due Within One Year
2021 | 2020 | ||
---|---|---|---|
£ | £ | ||
Trade creditors |
|
|
|
Other taxes and social security |
|
|
|
VAT |
|
- | |
Net wages | - | 511 | |
Bounce back loan |
|
|
|
Pension Contribution |
|
|
|
Accruals and deferred income |
|
|
|
Directors' loan accounts |
|
|
|
|
|
||
8.
Creditors: Amounts Falling Due After More Than One Year
2021 | 2020 | ||
---|---|---|---|
£ | £ | ||
Bank loans |
|
|
|
Other creditors - Tasty Universe Ltd |
|
|
|
|
|
||
10.
Going Concern
The accounts have been prepared on a going concern basis which assumes the continued support of the company’s creditors. Should this support be withdrawn and not replaced by alternative finance, the company would be unable to continue trading. Adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.
11.
General Information
Zahedi Health Co Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
10434102
. The registered office is 5 New End, London, NW3 1JD.