Company Registration No. 08977477 (England and Wales)
Zoe Glencross Ltd
Unaudited accounts
for the year ended 30 April 2023
Zoe Glencross Ltd
Unaudited accounts
Contents
Zoe Glencross Ltd
Company Information
for the year ended 30 April 2023
Company Number
08977477 (England and Wales)
Registered Office
NEWTON HALL BARN
LEES LANE
MOTTRAM ST ANDREW
CHESHIRE
SK10 4LJ
United Kingdom
Zoe Glencross Ltd
Statement of financial position
as at 30 April 2023
Tangible assets
7,120
8,008
Inventories
140,727
115,099
Cash at bank and in hand
66,635
55,298
Creditors: amounts falling due within one year
(72,686)
(83,199)
Net current assets
136,138
87,893
Total assets less current liabilities
143,258
95,901
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
143,158
95,792
Shareholders' funds
143,258
95,892
For the year ending 30 April 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 8 November 2023 and were signed on its behalf by
Zoe Jones
Director
Company Registration No. 08977477
Zoe Glencross Ltd
Notes to the Accounts
for the year ended 30 April 2023
Zoe Glencross Ltd is a private company, limited by shares, registered in England and Wales, registration number 08977477. The registered office is NEWTON HALL BARN, LEES LANE, MOTTRAM ST ANDREW, CHESHIRE, SK10 4LJ, United Kingdom.
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.
The accounts are presented in £ sterling.
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
15 Years Straight Line Method
Fixtures & fittings
15% Reducing Balance Method
Computer equipment
33% Reducing Balance Method
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Zoe Glencross Ltd
Notes to the Accounts
for the year ended 30 April 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2022
7,059
1,637
3,169
11,865
At 30 April 2023
7,059
1,637
3,169
11,865
At 1 May 2022
313
1,637
1,907
3,857
Charge for the year
471
-
417
888
At 30 April 2023
784
1,637
2,324
4,745
At 30 April 2023
6,275
-
845
7,120
At 30 April 2022
6,746
-
1,262
8,008
Finished goods
140,727
115,099
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
33,539
39,082
Taxes and social security
11,951
11,746
Loans from directors
14,788
19,903
Zoe Glencross Ltd
Notes to the Accounts
for the year ended 30 April 2023
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).