Z.Grinis Limited 09943291 false 2021-02-01 2022-01-31 2022-01-31 The principal activity of the company is Transportation Digita Accounts Production Advanced 6.30.9574.0 true 09943291 2021-02-01 2022-01-31 09943291 2022-01-31 09943291 core:CurrentFinancialInstruments 2022-01-31 09943291 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 09943291 bus:SmallEntities 2021-02-01 2022-01-31 09943291 bus:AuditExemptWithAccountantsReport 2021-02-01 2022-01-31 09943291 bus:FullAccounts 2021-02-01 2022-01-31 09943291 bus:SmallCompaniesRegimeForAccounts 2021-02-01 2022-01-31 09943291 bus:RegisteredOffice 2021-02-01 2022-01-31 09943291 bus:CompanySecretaryDirector1 2021-02-01 2022-01-31 09943291 bus:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31 09943291 countries:AllCountries 2021-02-01 2022-01-31 09943291 2020-02-01 2021-01-31 09943291 2021-01-31 09943291 core:CurrentFinancialInstruments 2021-01-31 09943291 core:CurrentFinancialInstruments core:WithinOneYear 2021-01-31 iso4217:GBP xbrli:pure

Registration number: 09943291

Z.Grinis Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2022

 

Z.Grinis Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Z.Grinis Limited

Company Information

Director

Mr Zydrunas Grinis

Company secretary

Mr Zydrunas Grinis

Registered office

8 Fairnley Road
Nottingham
NG8 4AS

Accountants

RM Accountancy Services
Certified Accountants
Castle Cavendish Business Centre
Dorking Road
Nottingham
NG7 5PN

 

Z.Grinis Limited

Director's Report for the Year Ended 31 January 2022

The director presents his report and the financial statements for the year ended 31 January 2022.

Director of the company

The director who held office during the year was as follows:

Mr Zydrunas Grinis - Company secretary and director

Principal activity

The principal activity of the company is Transportation

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 15 August 2022
 

.........................................
Mr Zydrunas Grinis
Company secretary and director

 

Z.Grinis Limited

(Registration number: 09943291)
Balance Sheet as at 31 January 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

521

695

Current assets

 

Debtors

4

-

660

Cash at bank and in hand

 

13,381

4,744

 

13,381

5,404

Creditors: Amounts falling due within one year

5

(5,312)

(5,576)

Net current assets/(liabilities)

 

8,069

(172)

Net assets

 

8,590

523

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

8,589

522

Shareholders' funds

 

8,590

523

For the financial year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 15 August 2022
 

.........................................
Mr Zydrunas Grinis
Company secretary and director

 

Z.Grinis Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
8 Fairnley Road
Nottingham
NG8 4AS
England

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 and provision of services 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.

Tax

The tax expense for the period comprises current 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.

 

Z.Grinis Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022

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.

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.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

 

Z.Grinis Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022

4

Debtors

Current

2022
£

2021
£

Prepayments

-

660

5

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Taxation and social security

3,847

4,913

Accruals and deferred income

377

617

Other creditors

1,088

46

5,312

5,576

6

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         

7

Dividends

   

2022

 

2021

   

£

 

£

         

8

Related party transactions

 

Z.Grinis Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022

Director's remuneration

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

2022
£

2021
£

Remuneration

5,876

5,876