Company Registration No. 04823973 (England and Wales)
The Ex Zone Limited
Unaudited accounts
for the year ended 31 March 2023
The Ex Zone Limited
Unaudited accounts
Contents
The Ex Zone Limited
Company Information
for the year ended 31 March 2023
Director
Mr Antony Castiglione
Company Number
04823973 (England and Wales)
Registered Office
Unit 22
Lyon Road
Hersham
KT12 3PU
United Kingdom
Accountants
Abacus Accounting (NE) Limited
3a Blue Sky Way
Monkton Business Park South
Hebburn
Tyne and Wear
NE31 2EQ
The Ex Zone Limited
Statement of financial position
as at 31 March 2023
Tangible assets
103,860
133,711
Inventories
130,000
20,000
Cash at bank and in hand
872,870
680,714
Creditors: amounts falling due within one year
(1,275,686)
(747,895)
Net current assets
531,485
417,709
Total assets less current liabilities
635,345
551,420
Creditors: amounts falling due after more than one year
(38,873)
(50,000)
Net assets
596,472
501,420
Called up share capital
27,000
27,000
Profit and loss account
569,472
474,420
Shareholders' funds
596,472
501,420
For the year ending 31 March 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 his 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 14 November 2023 and were signed on its behalf by
Mr Antony Castiglione
Director
Company Registration No. 04823973
The Ex Zone Limited
Notes to the Accounts
for the year ended 31 March 2023
The Ex Zone Limited is a private company, limited by shares, registered in England and Wales, registration number 04823973. The registered office is Unit 22, Lyon Road, Hersham, KT12 3PU, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
The Ex Zone Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
293,708
86,350
380,058
At 31 March 2023
293,708
86,350
380,058
At 1 April 2022
169,744
76,603
246,347
Charge for the year
27,675
2,176
29,851
At 31 March 2023
197,419
78,779
276,198
At 31 March 2023
96,289
7,571
103,860
At 31 March 2022
123,964
9,747
133,711
Amounts falling due within one year
Trade debtors
777,482
421,629
Accrued income and prepayments
26,819
15,505
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,263
-
Trade creditors
749,452
639,656
Taxes and social security
55,769
43,734
Other creditors
127,994
38,591
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
27,000 Ordinary shares of £1 each
27,000
27,000
9
Average number of employees
During the year the average number of employees was 13 (2022: 11).