Company Registration No. 07944995 (England and Wales)
Zai's of Fulham Limited
Unaudited accounts
for the year ended 28 February 2023
Zai's of Fulham Limited
Unaudited accounts
Contents
Zai's of Fulham Limited
Company Information
for the year ended 28 February 2023
Company Number
07944995 (England and Wales)
Registered Office
120 Wandsworth Bridge Road
Fulham
London
SW6 2TF
Accountants
Abacus Accounting Solutions Ltd
5 Pasture Close
North Wembley
Middlesex
HA0 3JE
Zai's of Fulham Limited
Statement of financial position
as at 28 February 2023
Tangible assets
4,428
5,810
Cash at bank and in hand
7,356
10,250
Creditors: amounts falling due within one year
(14,576)
(10,935)
Net current assets
6,445
12,980
Total assets less current liabilities
10,873
18,790
Creditors: amounts falling due after more than one year
(14,549)
(16,636)
Net (liabilities)/assets
(3,676)
2,154
Called up share capital
10
10
Profit and loss account
(3,686)
2,144
Shareholders' funds
(3,676)
2,154
For the year ending 28 February 2023 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 October 2023 and were signed on its behalf by
Janet Bolton
Director
Company Registration No. 07944995
Zai's of Fulham Limited
Notes to the Accounts
for the year ended 28 February 2023
Zai's of Fulham Limited is a private company, limited by shares, registered in England and Wales, registration number 07944995. The registered office is 120 Wandsworth Bridge Road, Fulham, London, SW6 2TF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over the term of the lease
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Grants receivable
Business grants are credited to profit and loss account on an accruals basis where it is probable that they will be received.
Government assisted loans
Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.
The accounts are presented in £ sterling.
Zai's of Fulham Limited
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2022
2,882
5,850
386
2,061
11,179
At 28 February 2023
2,882
5,850
386
2,271
11,389
At 1 March 2022
2,260
1,463
305
1,341
5,369
Charge for the year
241
1,097
21
233
1,592
At 28 February 2023
2,501
2,560
326
1,574
6,961
At 28 February 2023
381
3,290
60
697
4,428
At 28 February 2022
622
4,387
81
720
5,810
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,087
2,035
Trade creditors
6,839
2,157
Taxes and social security
1,972
3,216
Other creditors
2,054
2,609
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).