Registered number
13082635
Zone One Interiors Limited
Filleted Accounts
31 December 2021
Zone One Interiors Limited
Registered number: 13082635
Balance Sheet
as at 31 December 2021
Notes 2021
£
Fixed assets
Tangible assets 3 5,675
Current assets
Debtors 4 82,657
Cash at bank and in hand 23,773
106,430
Creditors: amounts falling due within one year 5 (16,745)
Net current assets 89,685
Total assets less current liabilities 95,360
Creditors: amounts falling due after more than one year 6 (28,099)
Net assets 67,261
Capital and reserves
Called up share capital 1
Profit and loss account 67,260
Shareholder's funds 67,261
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Humes
Director
Approved by the board on 8 September 2022
Zone One Interiors Limited
Notes to the Accounts
for the period from 15 December 2020 to 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2021
Number
Average number of persons employed by the company 2
3 Tangible fixed assets
Motor vehicles
£
Cost
Additions 7,550
At 31 December 2021 7,550
Depreciation
Charge for the period 1,875
At 31 December 2021 1,875
Net book value
At 31 December 2021 5,675
4 Debtors 2021
£
Trade debtors 78,949
Other debtors 3,708
82,657
5 Creditors: amounts falling due within one year 2021
£
Trade creditors 1,078
VAT Control account 817
Taxation and social security costs 14,850
16,745
6 Creditors: amounts falling due after one year 2021
£
Other creditors 28,099
7 Other information
Zone One Interiors Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
United Kingdom
HA7 1JS
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