Z&G CATALYTIC CONVERTERS LTD

Company Registration Number:
09615628 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

Z&G CATALYTIC CONVERTERS LTD

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

Z&G CATALYTIC CONVERTERS LTD

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 9,544 12,597
Total fixed assets: 9,544 12,597
Current assets
Stocks: 7,380 94,306
Debtors:   17,722 91,569
Cash at bank and in hand: 20,313
Total current assets: 45,415 185,875
Creditors: amounts falling due within one year:   (16,769) (29,716)
Net current assets (liabilities): 28,646 156,159
Total assets less current liabilities: 38,190 168,756
Provision for liabilities: (1,813) (2,393)
Total net assets (liabilities): 36,377 166,363
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 36,277 166,263
Shareholders funds: 36,377 166,363

The notes form part of these financial statements

Z&G CATALYTIC CONVERTERS LTD

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 November 2023
and signed on behalf of the board by:

Name: Gintautas Maknevicius
Status: Director

The notes form part of these financial statements

Z&G CATALYTIC CONVERTERS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises revenues, measured at the fair value of consideration receivable and excluding VAT and discounts, in respect of goods and services supplied during the year.

Tangible fixed assets and depreciation policy

Tangible fixed assets, other than freehold property, are stated at cost less accumulated depreciation and any accumulated impairment losses.Freehold buildings may be stated at revaluation where this can be measured reliably, otherwise at cost, and less accumulated depreciation and any accumulated impairment losses.Depreciation is calculated on a straight-line basis, to allocate the cost less estimated residual value of tangible fixed assets, other than freeholdland which is not depreciated, over their expected useful lives at the following rates:Plant and machinery are depreciated at an annual rate of 20 percentMotor vehicles are depreciated at an annual rate of 33 percentOffice equipment is depreciated at an annual rate of 25 percentThe residual value of assets is reviewed annually, and if there is indication of significant impairment to an asset, its carrying amount is reduced to the estimated recoverable amount. An impairment loss, recognised as the difference in these two amounts, is charged to profit or loss for theyear.

Other accounting policies

StocksStocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes directly attributable labour and other costs of production. Appropriate provision is made for obsolete or slow-moving items.LeasesLeases that are not classified as finance leases are treated as operating leases. Rentals payable under operating leases are charged to profit and loss on a straight-line basis over the term of the lease.The aggregate benefit of any lease incentives are recognised in profit and loss over the lease term on a straight-line basis.Deferred taxationThe tax expense for the year comprises undiscounted current and deferred tax, where appropriate. Deferred tax, using the tax rates enacted or substantively enacted by the reporting date, is recognised in respect of all timing differences in comparing when transactions are recognised in the financial statements and when they are recognised for tax purposes. Tax is recognised in profit and loss, unless attributable to other comprehensive income.Pension costsThe company operates a defined contribution scheme for the benefit of its employees. The assets of the scheme are held separately from the company in independently administered funds. Pension payments are recognised as an expense in profit and loss in the period in which they falldue.

Z&G CATALYTIC CONVERTERS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

Z&G CATALYTIC CONVERTERS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 36,452
Additions 204
At 30 June 2023 36,656
Depreciation
At 01 July 2022 23,855
Charge for year 3,257
At 30 June 2023 27,112
Net book value
At 30 June 2023 9,544
At 30 June 2022 12,597