Silverfin false 28/02/2023 01/03/2022 28/02/2023 Joanne Sams 03/02/2020 29 November 2023 The principal activity of the Company during the year was the provision of care and support to young people. 12438247 2023-02-28 12438247 bus:Director1 2023-02-28 12438247 2022-02-28 12438247 core:CurrentFinancialInstruments 2023-02-28 12438247 core:CurrentFinancialInstruments 2022-02-28 12438247 core:ShareCapital 2023-02-28 12438247 core:ShareCapital 2022-02-28 12438247 core:RetainedEarningsAccumulatedLosses 2023-02-28 12438247 core:RetainedEarningsAccumulatedLosses 2022-02-28 12438247 core:LeaseholdImprovements 2022-02-28 12438247 core:FurnitureFittings 2022-02-28 12438247 core:ComputerEquipment 2022-02-28 12438247 core:LeaseholdImprovements 2023-02-28 12438247 core:FurnitureFittings 2023-02-28 12438247 core:ComputerEquipment 2023-02-28 12438247 core:WithinOneYear 2023-02-28 12438247 core:WithinOneYear 2022-02-28 12438247 core:BetweenOneFiveYears 2023-02-28 12438247 core:BetweenOneFiveYears 2022-02-28 12438247 core:MoreThanFiveYears 2023-02-28 12438247 core:MoreThanFiveYears 2022-02-28 12438247 2022-03-01 2023-02-28 12438247 bus:FullAccounts 2022-03-01 2023-02-28 12438247 bus:SmallEntities 2022-03-01 2023-02-28 12438247 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 12438247 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 12438247 bus:Director1 2022-03-01 2023-02-28 12438247 core:LeaseholdImprovements core:BottomRangeValue 2022-03-01 2023-02-28 12438247 core:LeaseholdImprovements core:TopRangeValue 2022-03-01 2023-02-28 12438247 core:FurnitureFittings core:TopRangeValue 2022-03-01 2023-02-28 12438247 core:ComputerEquipment core:TopRangeValue 2022-03-01 2023-02-28 12438247 2021-03-01 2022-02-28 12438247 core:LeaseholdImprovements 2022-03-01 2023-02-28 12438247 core:FurnitureFittings 2022-03-01 2023-02-28 12438247 core:ComputerEquipment 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Company No: 12438247 (England and Wales)

ZONE CENTRAL LTD

Unaudited Financial Statements
For the financial year ended 28 February 2023
Pages for filing with the registrar

ZONE CENTRAL LTD

Unaudited Financial Statements

For the financial year ended 28 February 2023

Contents

ZONE CENTRAL LTD

BALANCE SHEET

As at 28 February 2023
ZONE CENTRAL LTD

BALANCE SHEET (continued)

As at 28 February 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 70,690 79,784
70,690 79,784
Current assets
Debtors 4 57,752 177,920
Cash at bank and in hand 8,158 183,207
65,910 361,127
Creditors: amounts falling due within one year 5 ( 432,744) ( 538,032)
Net current liabilities (366,834) (176,905)
Total assets less current liabilities (296,144) (97,121)
Provision for liabilities 0 7,538
Net liabilities ( 296,144) ( 89,583)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 296,244 ) ( 89,683 )
Total shareholder's deficit ( 296,144) ( 89,583)

For the financial 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 financial statements of Zone Central Ltd (registered number: 12438247) were approved and authorised for issue by the Director on 29 November 2023. They were signed on its behalf by:

Joanne Sams
Director
ZONE CENTRAL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
ZONE CENTRAL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Zone Central Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Leasehold improvements 3 - 5 years straight line
Fixtures and fittings 4 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 32 33

3. Tangible assets

Leasehold improve-
ments
Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 March 2022 45,347 23,995 27,177 96,519
Additions 6,704 9,383 7,594 23,681
At 28 February 2023 52,051 33,378 34,771 120,200
Accumulated depreciation
At 01 March 2022 3,922 4,802 8,011 16,735
Charge for the financial year 14,110 7,597 11,068 32,775
At 28 February 2023 18,032 12,399 19,079 49,510
Net book value
At 28 February 2023 34,019 20,979 15,692 70,690
At 28 February 2022 41,425 19,193 19,166 79,784

4. Debtors

2023 2022
£ £
Trade debtors 15,136 141,641
Other debtors 42,616 36,279
57,752 177,920

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 34,071 157,241
Other taxation and social security 6,794 24,779
Other creditors 391,879 356,012
432,744 538,032

6. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
within one year 115,730 95,175
between one and five years 138,708 380,700
after five years 0 420,356
254,438 896,231

7. Related party transactions

Other related party transactions

2023 2022
£ £
Other Creditors 220,000 150,000

Included within other creditors is a balance of £220,000 (2022 - £150,000) owed to Northfield (South West) Limited a company in which Ms J Sams is a director and controlling shareholder.