IRIS Accounts Production v23.3.0.418 11181294 director 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111812942022-02-28111812942023-02-28111812942022-03-012023-02-28111812942021-02-28111812942021-03-012022-02-28111812942022-02-2811181294ns10:Originalns15:EnglandWales2022-03-012023-02-2811181294ns14:PoundSterlingns10:Original2022-03-012023-02-2811181294ns10:Originalns10:Director12022-03-012023-02-2811181294ns10:Original2022-03-012023-02-2811181294ns10:Original2023-02-2811181294ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2811181294ns10:Originalns10:SmallEntities2022-03-012023-02-2811181294ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2811181294ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2811181294ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2811181294ns10:Originalns10:FullAccounts2022-03-012023-02-2811181294ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-2811181294ns10:Originalns10:RegisteredOffice2022-03-012023-02-2811181294ns10:Original2022-02-2811181294ns10:Originalns5:CurrentFinancialInstruments2023-02-2811181294ns10:Originalns5:CurrentFinancialInstruments2022-02-2811181294ns10:Originalns5:Non-currentFinancialInstruments2023-02-2811181294ns10:Originalns5:Non-currentFinancialInstruments2022-02-2811181294ns5:ShareCapitalns10:Original2023-02-2811181294ns5:ShareCapitalns10:Original2022-02-2811181294ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2811181294ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2811181294ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-03-012023-02-2811181294ns10:Originalns5:PlantMachinery2022-03-012023-02-2811181294ns10:Originalns5:FurnitureFittings2022-03-012023-02-2811181294ns10:Originalns5:ComputerEquipment2022-03-012023-02-2811181294ns10:Original2021-03-012022-02-2811181294ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-02-2811181294ns10:Originalns5:PlantMachinery2022-02-2811181294ns10:Originalns5:FurnitureFittings2022-02-2811181294ns10:Originalns5:ComputerEquipment2022-02-2811181294ns10:Original2022-02-2811181294ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2023-02-2811181294ns10:Originalns5:PlantMachinery2023-02-2811181294ns10:Originalns5:FurnitureFittings2023-02-2811181294ns10:Originalns5:ComputerEquipment2023-02-2811181294ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-02-2811181294ns10:Originalns5:PlantMachinery2022-02-2811181294ns10:Originalns5:FurnitureFittings2022-02-2811181294ns10:Originalns5:ComputerEquipment2022-02-2811181294ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2811181294ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2811181294ns10:Originalns10:OrdinaryShareClass12023-02-2811181294ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2811181294ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-012023-02-28
REGISTERED NUMBER: 11181294 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

ZIARENKA LTD

ZIARENKA LTD (REGISTERED NUMBER: 11181294)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


ZIARENKA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: A Ucur





REGISTERED OFFICE: 266-268 High Street
Waltham Cross
Hertfordshire
EN8 7EA





REGISTERED NUMBER: 11181294 (England and Wales)





ACCOUNTANTS: UCS Accountants
266-268 High Street
Waltham Cross
Hertfordshire
EN8 7EA

ZIARENKA LTD (REGISTERED NUMBER: 11181294)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,461 88,852

CURRENT ASSETS
Stocks 5 185,822 97,285
Debtors 6 705,478 30,141
Cash at bank and in hand 19,747 783,124
911,047 910,550
CREDITORS
Amounts falling due within one year 7 185,214 182,229
NET CURRENT ASSETS 725,833 728,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

802,294

817,173

CREDITORS
Amounts falling due after more than one
year

8

12,466

16,867
NET ASSETS 789,828 800,306

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 789,728 800,206
SHAREHOLDERS' FUNDS 789,828 800,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ZIARENKA LTD (REGISTERED NUMBER: 11181294)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 director and authorised for issue on 31 October 2023 and were signed by:





A Ucur - Director


ZIARENKA LTD (REGISTERED NUMBER: 11181294)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Ziarenka Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgement and estimates have been made include:

a - Critical judgements in applying accounting policies
There are no critical judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

b - Key accounting estimates and assumptions
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. There are no key estimates and assumptions that have significant potential impact upon the carrying values of assets and liabilities.

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.
Short leasehold - in accordance with the property
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

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

ZIARENKA LTD (REGISTERED NUMBER: 11181294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash and other consideration, expected to be paid or received.

However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised are assessed at the end of each reporting
period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 35 ) .

ZIARENKA LTD (REGISTERED NUMBER: 11181294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 11,650 22,000 144,625 - 178,275
Additions - - 5,000 450 5,450
At 28 February 2023 11,650 22,000 149,625 450 183,725
DEPRECIATION
At 1 March 2022 2,912 1,100 85,411 - 89,423
Charge for year 728 4,180 12,843 90 17,841
At 28 February 2023 3,640 5,280 98,254 90 107,264
NET BOOK VALUE
At 28 February 2023 8,010 16,720 51,371 360 76,461
At 28 February 2022 8,738 20,900 59,214 - 88,852

5. STOCKS
28.2.23 28.2.22
£    £   
Stocks 185,822 97,285

6. DEBTORS
28.2.23 28.2.22
£    £   
Amounts falling due within one year:
Other debtors 680,000 -
VAT 428 5,091
680,428 5,091

Amounts falling due after more than one year:
Rent deposits 25,050 25,050

Aggregate amounts 705,478 30,141

ZIARENKA LTD (REGISTERED NUMBER: 11181294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 4,400 4,400
Trade creditors 81,498 5,328
Tax 1,776 76,343
Social security and other taxes 8,517 7,394
Other creditors 70,000 70,000
Pension contributions 15,523 15,264
Accrued expenses 3,500 3,500
185,214 182,229

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 12,466 16,867

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1.00 100 100

10. RESERVES
Retained
earnings
£   

At 1 March 2022 800,206
Profit for the year 4,522
Dividends (15,000 )
At 28 February 2023 789,728

11. ULTIMATE CONTROLLING PARTY

The controlling party is A Ucur.

12. RELATED PARTY DISCLOSURES

Other creditors of £70,000 represnts a loan from a connected company in which Mr A Ucur is a director.

Included in debtors falling due within one year "Loans to connected company", a balance of £680,000 (2022:Nil) represents amounts due from Ucur Properties Ltd, a company in which Mr A Ucur is a shareholder and a director.