Registered number
06450924
Z.E.X. (YORKSHIRE) LTD
Filleted Accounts
31 May 2023
Z.E.X. (YORKSHIRE) LTD
Registered number: 06450924
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 5 464,406 375,827
Current assets
Stocks 1,315,534 1,113,712
Debtors 6 723,761 959,427
Cash at bank and in hand 966,607 1,194,771
3,005,902 3,267,910
Creditors: amounts falling due within one year 7 (1,137,188) (1,281,110)
Net current assets 1,868,714 1,986,800
Net assets 2,333,120 2,362,627
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,333,020 2,362,527
Shareholders' funds 2,333,120 2,362,627
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
ZUBER PATEL
Director
Approved by the board on 29 January 2024
Z.E.X. (YORKSHIRE) LTD
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Exceptional items 2023 2022
£ £
Covid Grants - Councils 0 16537
Covid Grants - JRS 0 62907
Covid Grants - Insurance payouts 0 45634
0 125078
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 25 135
4 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2022 605,493
At 31 May 2023 605,493
Amortisation
At 1 June 2022 605,493
At 31 May 2023 605,493
Net book value
At 31 May 2023 -
Goodwill & License fees have been fully written off over its estimated economic life.
5 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022 1,987,601
Additions 197,660
At 31 May 2023 2,185,261
Depreciation
At 1 June 2022 1,611,774
Charge for the year 109,081
At 31 May 2023 1,720,855
Net book value
At 31 May 2023 464,406
At 31 May 2022 375,827
6 Debtors 2023 2022
£ £
Trade debtors 21,941 45,211
Other debtors 701,820 914,216
723,761 959,427
7 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 22,958 66,441
Trade Vouchers 814,146 739,183
Taxation and social security costs 18,989 96,892
Other creditors 281,095 378,594
1,137,188 1,281,110
8 Related party transactions
By virtue of the Directors having control of the company's listed below, the following have been treated as Inter Company Loans
Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
ZEX Properties Ltd 308,000 15,000 48,000 275,000
TDNZ Coffee Ltd 130,000 60,000 70,000
TDNZ Investments Ltd 170,000 2,467 172,467 -
Twenty 10 Twenty - 386,000 270,000 116,000
HobiHobi Ltd 5,000 5,000
608,000 408,467 550,467 466,000
9 Controlling party
The company is controlled by the director Mr Zuber Patel and his wife Mrs Rizwana Patel by virtue of them holding 100% of the ordinary share capital.
10 Other information
Z.E.X. (YORKSHIRE) LTD is a private company limited by shares and incorporated in England. Its registered office is:
SUITE 52, ANNEXE 3,
BATLEY BUSINESS PARK
TECHNOLOGY DRIVE,
BATLEY
WF17 6ER
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