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Zig Zag Vehicle Solutions Ltd
Registered Number:07473540
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2023
Zig Zag Vehicle Solutions Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07473540
As at 28 February 2023
Zig Zag Vehicle Solutions Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
806
1,075
2
806
1,075
Current assets
Inventories
73,885
93,750
3
Trade and other receivables
99,132
67,139
4
32,860
Cash and cash equivalents
5,816
166,705
205,877
Trade and other payables: amounts falling due within one
year
(34,542)
(32,435)
5
171,335
134,270
Net current assets
Total assets less current liabilities
135,076
172,410
Trade and other payables: amounts falling due after more
than one year
(34,167)
(24,167)
6
110,909
Net assets
138,243
Capital and reserves
Called up share capital
100
100
Retained earnings
110,809
138,143
110,909
138,243
Shareholders' funds
For the year ended 28 February 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 of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Chris Leah Director
These financial statements were approved and authorised for issue by the Board on 24 November 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 28 February 2023
Zig Zag Vehicle Solutions Ltd
Notes to the Financial Statements
Statutory Information
Zig Zag Vehicle Solutions Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07473540.
Registered address:
102 - 104
Westgate
Burnley
BB11 1SD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
25% Straight line
Plant and Machinery
25% Reducing balance
25% Reducing balance
Computer Equipment
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2 of 4
5
For the year ended 28 February 2023
Zig Zag Vehicle Solutions Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Plant and
Machinery
Land and
Buildings
£
£
£
£
Cost or
valuation
At 01 March 2022
7,812
3,170
1,757
2,885
At 28 February 2023
2,885
1,757
3,170
7,812
Provision for depreciation and impairment
At 01 March 2022
6,737
2,474
1,378
2,885
Charge for year
269
174
95
-
At 28 February 2023
7,006
2,648
1,473
2,885
At 28 February 2023
Net book value
-
284
522
806
At 28 February 2022
-
379
696
1,075
3. Inventories
2022
2023
£
£
Stocks
93,750
73,885
4. Trade and other receivables
2022
2023
£
£
Trade debtors
19,700
18,490
Other debtors
47,439
80,642
99,132
67,139
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
10,000
10,000
Trade creditors
7,480
16,941
Taxation and social security
10,381
3,166
Other creditors
4,574
4,435
32,435
34,542
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6
For the year ended 28 February 2023
Zig Zag Vehicle Solutions Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
24,167
34,167
7. Directors advances and guarantees
At 01/03/2022
Repaid
At 28/02/2023
£
£
£
Mr Chris Leah
Current Account
-
35,142
35,142
-
35,142
35,142
8. Average number of persons employed
During the year the average number of employees was 1 (2022 : 2)
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