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REGISTERED NUMBER: 09153573 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 9 NOVEMBER 2022

FOR

ZINGE INDUSTRIES LIMITED

ZINGE INDUSTRIES LIMITED (REGISTERED NUMBER: 09153573)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 9 NOVEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ZINGE INDUSTRIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 9 NOVEMBER 2022







DIRECTORS: Janet Margaret Watson
Gareth Paul Watson





REGISTERED OFFICE: 5 The Boulevard
Walton Le Dale
Preston
Lancashire
PR5 4NY





REGISTERED NUMBER: 09153573 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

ZINGE INDUSTRIES LIMITED (REGISTERED NUMBER: 09153573)

BALANCE SHEET
9 NOVEMBER 2022

9/11/22 9/11/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 424 845

CURRENT ASSETS
Stocks 19,204 27,175
Debtors 5 6,083 2,968
Cash at bank 786 303
26,073 30,446
CREDITORS
Amounts falling due within one year 6 47,350 35,262
NET CURRENT LIABILITIES (21,277 ) (4,816 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,853

)

(3,971

)

CREDITORS
Amounts falling due after more than one
year

7

8,550

12,150
NET LIABILITIES (29,403 ) (16,121 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (29,503 ) (16,221 )
SHAREHOLDERS' FUNDS (29,403 ) (16,121 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 9 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 9 November 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ZINGE INDUSTRIES LIMITED (REGISTERED NUMBER: 09153573)

BALANCE SHEET - continued
9 NOVEMBER 2022


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 Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:




Gareth Paul Watson - Director



Janet Margaret Watson - Director


ZINGE INDUSTRIES LIMITED (REGISTERED NUMBER: 09153573)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 9 NOVEMBER 2022

1. STATUTORY INFORMATION

Zinge Industries Limited 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.
Plant and machinery - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Going concern
The directors believe that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Whilst the company has net liabilities and is technically insolvent, the companies main creditor is the director and therefore the directors consider the going concern basis of accounting in preparing the annual financial statements to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

ZINGE INDUSTRIES LIMITED (REGISTERED NUMBER: 09153573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 9 NOVEMBER 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 10 November 2021
and 9 November 2022 7,211
DEPRECIATION
At 10 November 2021 6,366
Charge for year 421
At 9 November 2022 6,787
NET BOOK VALUE
At 9 November 2022 424
At 9 November 2021 845

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
9/11/22 9/11/21
£    £   
Deferred tax asset 6,083 2,968

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
9/11/22 9/11/21
£    £   
Bank loans and overdrafts 2,700 1,350
Directors' current accounts 26,854 22,193
Accrued expenses 17,796 11,719
47,350 35,262

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
9/11/22 9/11/21
£    £   
Bank loans - 1-2 years 2,700 2,700
Bank loans - 2-5 years 5,850 8,100
Bank loans more 5 yr by instal - 1,350
8,550 12,150

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,350

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors by virtue of their shareholding.