IRIS Accounts Production v23.3.0.418 07151524 director 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071515242022-03-31071515242023-03-31071515242022-04-012023-03-31071515242021-03-31071515242021-04-012022-03-31071515242022-03-3107151524ns10:Originalns15:EnglandWales2022-04-012023-03-3107151524ns14:PoundSterlingns10:Original2022-04-012023-03-3107151524ns10:Originalns10:Director12022-04-012023-03-3107151524ns10:Original2022-04-012023-03-3107151524ns10:Original2023-03-3107151524ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3107151524ns10:Originalns10:SmallEntities2022-04-012023-03-3107151524ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3107151524ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107151524ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3107151524ns10:Originalns10:FullAccounts2022-04-012023-03-3107151524ns10:Original12022-04-012023-03-3107151524ns10:Originalns10:RegisteredOffice2022-04-012023-03-3107151524ns10:Original2022-03-3107151524ns10:Originalns5:CurrentFinancialInstruments2023-03-3107151524ns10:Originalns5:CurrentFinancialInstruments2022-03-3107151524ns5:ShareCapitalns10:Original2023-03-3107151524ns5:ShareCapitalns10:Original2022-03-3107151524ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3107151524ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3107151524ns10:Originalns5:NetGoodwill2022-04-012023-03-3107151524ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3107151524ns10:Originalns5:FurnitureFittings2022-04-012023-03-3107151524ns10:Originalns5:ComputerEquipment2022-04-012023-03-3107151524ns10:Original2021-04-012022-03-3107151524ns10:Originalns5:NetGoodwill2022-03-3107151524ns10:Originalns5:NetGoodwill2023-03-3107151524ns10:Originalns5:NetGoodwill2022-03-3107151524ns10:Originalns5:FurnitureFittings2022-03-3107151524ns10:Originalns5:ComputerEquipment2022-03-3107151524ns10:Original2022-03-3107151524ns10:Originalns5:FurnitureFittings2023-03-3107151524ns10:Originalns5:ComputerEquipment2023-03-3107151524ns10:Originalns5:FurnitureFittings2022-03-3107151524ns10:Originalns5:ComputerEquipment2022-03-3107151524ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107151524ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3107151524ns10:Original1ns10:Director12022-03-3107151524ns10:Original1ns10:Director12021-03-3107151524ns10:Original1ns10:Director12022-04-012023-03-3107151524ns10:Original1ns10:Director12021-04-012022-03-3107151524ns10:Original1ns10:Director12023-03-3107151524ns10:Original1ns10:Director12022-03-31
REGISTERED NUMBER: 07151524 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Zero-Five Ltd

Zero-Five Ltd (Registered number: 07151524)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Zero-Five Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Miss L Steward





REGISTERED OFFICE: LCB Depot
31 Rutland Street
Leicester
LE1 1RE





REGISTERED NUMBER: 07151524 (England and Wales)





ACCOUNTANTS: Abrahamson Foster Limited
The Atkins Building
Lower Bond Street
Hinckley
Leicestershire
LE10 1QU

Zero-Five Ltd (Registered number: 07151524)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,366 5,472
3,366 5,472

CURRENT ASSETS
Debtors 6 10,485 8,077
Cash at bank 12,868 23,583
23,353 31,660
CREDITORS
Amounts falling due within one year 7 9,850 13,200
NET CURRENT ASSETS 13,503 18,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,869

23,932

PROVISIONS FOR LIABILITIES (604 ) (1,010 )

ACCRUALS AND DEFERRED INCOME (1,028 ) (690 )
NET ASSETS 15,237 22,232

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 15,236 22,231
SHAREHOLDERS' FUNDS 15,237 22,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Zero-Five Ltd (Registered number: 07151524)

Balance Sheet - continued
31 March 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 10 November 2023 and were signed by:





Miss L Steward - Director


Zero-Five Ltd (Registered number: 07151524)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Zero-Five 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.

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.

Zero-Five Ltd (Registered number: 07151524)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 10,000
AMORTISATION
At 1 April 2022
and 31 March 2023 10,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 1,834 24,842 26,676
DEPRECIATION
At 1 April 2022 1,234 19,970 21,204
Charge for year 90 2,016 2,106
At 31 March 2023 1,324 21,986 23,310
NET BOOK VALUE
At 31 March 2023 510 2,856 3,366
At 31 March 2022 600 4,872 5,472

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 9,400 7,572
VAT 345 -
Prepayments 740 505
10,485 8,077

Zero-Five Ltd (Registered number: 07151524)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 622 42
Tax 2,739 2,235
VAT - 112
Directors' loan accounts 6,489 10,811
9,850 13,200

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Miss L Steward
Balance outstanding at start of year (10,811 ) (18,188 )
Amounts advanced 30,892 35,614
Amounts repaid (26,570 ) (28,237 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,489 ) (10,811 )

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the director, who owns 100% of the issued share capital.