IRIS Accounts Production v23.4.0.336 03290427 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032904272022-12-31032904272023-12-31032904272023-01-012023-12-31032904272021-12-31032904272022-01-012022-12-31032904272022-12-3103290427ns15:EnglandWales2023-01-012023-12-3103290427ns14:PoundSterling2023-01-012023-12-3103290427ns10:Director12023-01-012023-12-3103290427ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103290427ns10:SmallEntities2023-01-012023-12-3103290427ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3103290427ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103290427ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103290427ns10:FullAccounts2023-01-012023-12-3103290427ns10:CompanySecretary12023-01-012023-12-3103290427ns10:RegisteredOffice2023-01-012023-12-3103290427ns5:CurrentFinancialInstruments2023-12-3103290427ns5:CurrentFinancialInstruments2022-12-3103290427ns5:ShareCapital2023-12-3103290427ns5:ShareCapital2022-12-3103290427ns5:RetainedEarningsAccumulatedLosses2023-12-3103290427ns5:RetainedEarningsAccumulatedLosses2022-12-3103290427ns5:PlantMachinery2023-01-012023-12-3103290427ns5:FurnitureFittings2023-01-012023-12-3103290427ns5:MotorVehicles2023-01-012023-12-3103290427ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3103290427ns5:PlantMachinery2022-12-3103290427ns5:FurnitureFittings2022-12-3103290427ns5:MotorVehicles2022-12-3103290427ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3103290427ns5:ShortLeaseholdAssetsns5:LandBuildings2023-12-3103290427ns5:PlantMachinery2023-12-3103290427ns5:FurnitureFittings2023-12-3103290427ns5:MotorVehicles2023-12-3103290427ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3103290427ns5:PlantMachinery2022-12-3103290427ns5:FurnitureFittings2022-12-3103290427ns5:MotorVehicles2022-12-3103290427ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3103290427ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 03290427 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

Z G UPHOLSTERY LTD

Z G UPHOLSTERY LTD (REGISTERED NUMBER: 03290427)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Z G UPHOLSTERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Z Goren





SECRETARY: V Goren





REGISTERED OFFICE: 115 Radford Road
Radford
Coventry
CV6 3BQ





REGISTERED NUMBER: 03290427 (England and Wales)





ACCOUNTANTS: Walker Thompson Ltd
Accountants & Registered Auditors
Empress House
43a Binley Road
Coventry
CV3 1HU

Z G UPHOLSTERY LTD (REGISTERED NUMBER: 03290427)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,635 3,080

CURRENT ASSETS
Stocks 401 495
Debtors 5 1,144 1,137
Cash at bank and in hand 194,937 180,047
196,482 181,679
CREDITORS
Amounts falling due within one year 6 29,791 29,637
NET CURRENT ASSETS 166,691 152,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,326

155,122

PROVISIONS FOR LIABILITIES 19 9
NET ASSETS 170,307 155,113

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 170,206 155,012
SHAREHOLDERS' FUNDS 170,307 155,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Z G UPHOLSTERY LTD (REGISTERED NUMBER: 03290427)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2024 and were signed by:





Z Goren - Director


Z G UPHOLSTERY LTD (REGISTERED NUMBER: 03290427)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Z G Upholstery Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, and is recognised at the time of invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Z G UPHOLSTERY LTD (REGISTERED NUMBER: 03290427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 1,000 5,334 6,082 32,830 45,246
Additions - 740 725 - 1,465
At 31 December 2023 1,000 6,074 6,807 32,830 46,711
DEPRECIATION
At 1 January 2023 1,000 5,035 5,586 30,545 42,166
Charge for year - 156 183 571 910
At 31 December 2023 1,000 5,191 5,769 31,116 43,076
NET BOOK VALUE
At 31 December 2023 - 883 1,038 1,714 3,635
At 31 December 2022 - 299 496 2,285 3,080

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,144 1,137

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,212 2,448
Taxation and social security 15,078 15,422
Other creditors 12,501 11,767
29,791 29,637