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REGISTERED NUMBER: 03218849 (England and Wales)











Financial Statements

for the Year Ended 31st July 2023

for

ZONE RECORDS LTD.

ZONE RECORDS LTD. (REGISTERED NUMBER: 03218849)






Contents of the Financial Statements
for the year ended 31st July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ZONE RECORDS LTD.

Company Information
for the year ended 31st July 2023







DIRECTORS: C Heester
A R Heester
P E Howes



SECRETARY: A R Heester



REGISTERED OFFICE: 1 Littleheath Lane
Cobham
Surrey
KT11 2QS



REGISTERED NUMBER: 03218849 (England and Wales)



ACCOUNTANTS: Cheeld Wheeler & Co
Chartered Certified Accountants
Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ



BANKERS: Barclays Bank
8/9 Hanover Square
London
W1A 4ZW

ZONE RECORDS LTD. (REGISTERED NUMBER: 03218849)

Statement of Financial Position
31st July 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 4 9,290 9,928
Debtors 5 1,553 564
Cash at bank 1,705 2,192
12,548 12,684
CREDITORS
Amounts falling due within one year 6 22,892 23,041
NET CURRENT LIABILITIES (10,344 ) (10,357 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,344

)

(10,357

)

CAPITAL AND RESERVES
Called up share capital 7 300 300
Retained earnings (10,644 ) (10,657 )
SHAREHOLDERS' FUNDS (10,344 ) (10,357 )

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 19th April 2024 and were signed on its behalf by:




C Heester - Director



P E Howes - Director


ZONE RECORDS LTD. (REGISTERED NUMBER: 03218849)

Notes to the Financial Statements
for the year ended 31st July 2023

1. STATUTORY INFORMATION

Zone Records 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Going concern
The company made a small profit during the year although its net liabilities exceed its net assets. The company is financed by its directors who have undertaken to maintain this support to enable the company to continue to trade.

3. EMPLOYEES AND DIRECTORS

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

4. STOCKS
2023 2022
£    £   
Stocks 9,290 9,928

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,553 564

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 80 257
Directors' current accounts 22,092 22,124
Accrued expenses 720 660
22,892 23,041

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
300 Ordinary £1 300 300