Registered number
07429660
Zoe Price Interiors Limited
Unaudited Filleted Accounts
30 November 2023
Zoe Price Interiors Limited
Registered number: 07429660
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 854
Current assets
Debtors 4 11,139 22,861
Cash at bank and in hand 538 3,300
11,677 26,161
Creditors: amounts falling due within one year 5 (5,555) (12,106)
Net current assets 6,122 14,055
Total assets less current liabilities 6,122 14,909
Creditors: amounts falling due after more than one year 6 (8,518) (13,727)
Provisions for liabilities - (162)
Net (liabilities)/assets (2,396) 1,020
Capital and reserves
Called up share capital 100 100
Profit and loss account (2,496) 920
Shareholders' funds (2,396) 1,020
The director is 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 director acknowledges her 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.
Miss Zoe Price
Director
Approved by the board on 25 January 2024
Zoe Price Interiors Limited
Notes to the Accounts
for the year ended 30 November 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.
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:
Furniture and Equipment 25% straight line
Machinery and Equipment 33% straight line
Website Development 40% straight line
Buildings and Improvements 12.5% straight line
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Furniture, Machinery and Equipment
£
Cost
At 1 December 2022 5,754
At 30 November 2023 5,754
Depreciation
At 1 December 2022 4,900
Charge for the year 854
At 30 November 2023 5,754
Net book value
At 30 November 2023 -
At 30 November 2022 854
4 Debtors 2023 2022
£ £
Trade debtors 3,793 293
Other debtors 7,346 22,568
11,139 22,861
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,209 5,081
Trade creditors - 1,436
Taxation and social security costs - 526
Other creditors 346 5,063
5,555 12,106
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 8,518 13,727
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Miss Zoe Price
Overdrawn directors 8,568 7,346 (8,568) 7,346
Miss Zoe Price
Short term loan 14,000 - (14,000) -
22,568 7,346 (22,568) 7,346
8 Controlling party
The director is considered to be the ultimate controlling party by virtue of her ability to
determine the operational and financial policies of the company.
9 Other information
Zoe Price Interiors Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Castle Street
Wingrave
Hertfordshire
HP22 4PT
Zoe Price Interiors Limited 07429660 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts October 2023 release 2 Miss Zoe Price No description of principal activity 07429660 2021-12-01 2022-11-30 07429660 core:WithinOneYear 2022-11-30 07429660 core:AfterOneYear 2022-11-30 07429660 core:ShareCapital 2022-11-30 07429660 core:RetainedEarningsAccumulatedLosses 2022-11-30 07429660 2022-12-01 2023-11-30 07429660 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07429660 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 07429660 bus:Director40 2022-12-01 2023-11-30 07429660 1 2022-12-01 2023-11-30 07429660 2 2022-12-01 2023-11-30 07429660 core:PlantMachinery 2022-12-01 2023-11-30 07429660 bus:Director1 2022-12-01 2023-11-30 07429660 bus:Director1 1 2022-12-01 2023-11-30 07429660 bus:Director2 2022-12-01 2023-11-30 07429660 bus:Director2 1 2022-12-01 2023-11-30 07429660 countries:England 2022-12-01 2023-11-30 07429660 bus:FRS102 2022-12-01 2023-11-30 07429660 bus:FullAccounts 2022-12-01 2023-11-30 07429660 2023-11-30 07429660 core:WithinOneYear 2023-11-30 07429660 core:AfterOneYear 2023-11-30 07429660 core:ShareCapital 2023-11-30 07429660 core:RetainedEarningsAccumulatedLosses 2023-11-30 07429660 core:PlantMachinery 2023-11-30 07429660 bus:Director1 1 2023-11-30 07429660 bus:Director2 1 2023-11-30 07429660 2022-11-30 07429660 core:PlantMachinery 2022-11-30 07429660 bus:Director1 1 2022-11-30 07429660 bus:Director2 1 2022-11-30 iso4217:GBP xbrli:pure