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COMPANY REGISTRATION NUMBER: 01076448
Zonegate Limited
Filleted Unaudited Financial Statements
31 August 2023
Zonegate Limited
Financial Statements
Year ended 31 August 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Zonegate Limited
Statement of Financial Position
31 August 2023
2023
2022
Note
£
£
£
£
Current assets
Debtors
5
213,260
219,537
Cash at bank and in hand
303
453
---------
---------
213,563
219,990
Creditors: amounts falling due within one year
6
34,897
47,106
---------
---------
Net current assets
178,666
172,884
---------
---------
Total assets less current liabilities
178,666
172,884
---------
---------
Net assets
178,666
172,884
---------
---------
Capital and reserves
Called up share capital
7
2
2
Profit and loss account
178,664
172,882
---------
---------
Shareholders funds
178,666
172,884
---------
---------
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 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 24 January 2024 , and are signed on behalf of the board by:
A Balls
A Horton
Director
Director
Company registration number: 01076448
Zonegate Limited
Notes to the Financial Statements
Year ended 31 August 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 6 Hewell Road, Barnt Green, Birmingham, B45 8NE.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when goods are physically delivered to the customer.
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, either as financial assets, financial liabilities or equity interests. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: 1 ).
5. Debtors
2023
2022
£
£
Trade debtors
213,260
208,637
Other debtors
10,900
---------
---------
213,260
219,537
---------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
30,207
38,476
Social security and other taxes
732
4,603
Other creditors
3,958
4,027
--------
--------
34,897
47,106
--------
--------
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
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----
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