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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
Page
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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
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The Ex Zone Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
103,860 
133,711 
Current assets
Inventories
130,000 
20,000 
Debtors
804,301 
464,890 
Cash at bank and in hand
872,870 
680,714 
1,807,171 
1,165,604 
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 
Capital and reserves
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
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The Ex Zone Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
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.
Pension costs
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.
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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 
Depreciation
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 
Net book value
At 31 March 2023
96,289 
7,571 
103,860 
At 31 March 2022
123,964 
9,747 
133,711 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
777,482 
421,629 
Accrued income and prepayments
26,819 
15,505 
Other debtors
- 
27,756 
804,301 
464,890 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,263 
- 
VAT
77,208 
25,914 
Trade creditors
749,452 
639,656 
Taxes and social security
55,769 
43,734 
Other creditors
127,994 
38,591 
Accruals
260,000 
- 
1,275,686 
747,895 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
38,873 
50,000 
8
Share capital
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).
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