1 false false false false false false false false false false true false false true false true true No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 147 53 19 72 75 94 xbrli:pure xbrli:shares iso4217:GBP 11196844 2022-03-01 2023-02-28 11196844 2023-02-28 11196844 2022-02-28 11196844 2021-03-01 2022-02-28 11196844 2022-02-28 11196844 2021-02-28 11196844 core:PlantMachinery 2022-03-01 2023-02-28 11196844 bus:Director1 2022-03-01 2023-02-28 11196844 core:PlantMachinery 2022-02-28 11196844 core:PlantMachinery 2023-02-28 11196844 core:WithinOneYear 2023-02-28 11196844 core:WithinOneYear 2022-02-28 11196844 core:ShareCapital 2023-02-28 11196844 core:ShareCapital 2022-02-28 11196844 core:RetainedEarningsAccumulatedLosses 2023-02-28 11196844 core:RetainedEarningsAccumulatedLosses 2022-02-28 11196844 core:PlantMachinery 2022-02-28 11196844 bus:SmallEntities 2022-03-01 2023-02-28 11196844 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 11196844 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 11196844 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11196844 bus:FullAccounts 2022-03-01 2023-02-28
COMPANY REGISTRATION NUMBER: 11196844
Z TEX SAMPLING LTD
Filleted Unaudited Financial Statements
28 February 2023
Z TEX SAMPLING LTD
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
75
94
Current assets
Stocks
3,448
7,616
Cash at bank and in hand
23,487
2,515
--------
--------
26,935
10,131
Creditors: amounts falling due within one year
6
31,229
20,184
--------
--------
Net current liabilities
4,294
10,053
-------
--------
Total assets less current liabilities
( 4,219)
( 9,959)
-------
-------
Net liabilities
( 4,219)
( 9,959)
-------
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 4,220)
( 9,960)
-------
-------
Shareholders deficit
( 4,219)
( 9,959)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Z TEX SAMPLING LTD
Statement of Financial Position (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 16 November 2023 , and are signed on behalf of the board by:
Ms Y NAIDOO
Director
Company registration number: 11196844
Z TEX SAMPLING LTD
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 43 NELSON ROAD, UXBRIDGE, UB10 0PT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Plant and machinery
£
Cost
At 1 March 2022 and 28 February 2023
147
----
Depreciation
At 1 March 2022
53
Charge for the year
19
----
At 28 February 2023
72
----
Carrying amount
At 28 February 2023
75
----
At 28 February 2022
94
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
105
389
Other creditors
31,124
19,795
--------
--------
31,229
20,184
--------
--------
7. Director's advances, credits and guarantees
Directors loan account relates to directors current account.