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REGISTERED NUMBER: 03915164 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 May 2023

for

Zevo Fitz Limited

Zevo Fitz Limited (Registered number: 03915164)






Contents of the Financial Statements
for the Year Ended 30 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Zevo Fitz Limited

Company Information
for the Year Ended 30 May 2023







DIRECTOR: Mr A J Leach





REGISTERED OFFICE: Unit 8d North Tyne Ind Estate
Whitley Road
Benton
Newcastle Upon Tyne
NE12 9SZ





REGISTERED NUMBER: 03915164 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Zevo Fitz Limited (Registered number: 03915164)

Balance Sheet
30 May 2023

30.5.23 30.5.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 36,063 35,739

CURRENT ASSETS
Stocks 846,809 707,899
Debtors 5 26,507 58,801
Cash at bank and in hand 90,600 140,429
963,916 907,129
CREDITORS
Amounts falling due within one year 6 999,679 874,791
NET CURRENT (LIABILITIES)/ASSETS (35,763 ) 32,338
TOTAL ASSETS LESS CURRENT
LIABILITIES

300

68,077

CREDITORS
Amounts falling due after more than one
year

7

-

47,917
NET ASSETS 300 20,160

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 200 20,060
SHAREHOLDERS' FUNDS 300 20,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 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.

Zevo Fitz Limited (Registered number: 03915164)

Balance Sheet - continued
30 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 January 2024 and were signed by:





Mr A J Leach - Director


Zevo Fitz Limited (Registered number: 03915164)

Notes to the Financial Statements
for the Year Ended 30 May 2023

1. STATUTORY INFORMATION

Zevo Fitz Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 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 Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

Zevo Fitz Limited (Registered number: 03915164)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements and Computer
to property fittings equipment Totals
£ £ £ £
COST
At 31 May 2022 30,578 37,989 2,382 70,949
Additions - 2,152 - 2,152
At 30 May 2023 30,578 40,141 2,382 73,101
DEPRECIATION
At 31 May 2022 - 34,315 895 35,210
Charge for year - 1,457 371 1,828
At 30 May 2023 - 35,772 1,266 37,038
NET BOOK VALUE
At 30 May 2023 30,578 4,369 1,116 36,063
At 30 May 2022 30,578 3,674 1,487 35,739

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.23 30.5.22
£ £
Other debtors 13,701 13,701
Directors' loan accounts 10,052 42,346
Prepayments 2,754 2,754
26,507 58,801

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.23 30.5.22
£ £
Bank loans and overdrafts 351,386 117,000
Trade creditors 617,744 738,854
Tax 5,468 5,469
Social security and other taxes 3,094 2,561
VAT 17,259 8,570
Other creditors 2,903 512
Accrued expenses 1,825 1,825
999,679 874,791

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.5.23 30.5.22
£ £
Bank loans - 2-5 years - 47,917

Zevo Fitz Limited (Registered number: 03915164)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 May 2023 and the period ended 30 May 2022:

30.5.23 30.5.22
£ £
Mr A J Leach
Balance outstanding at start of year 42,346 85,076
Amounts advanced 63,627 25,422
Amounts repaid (95,921 ) (68,152 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,052 42,346

Zevo Fitz Limited

Report of the Accountants to the Director of
Zevo Fitz Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 May 2023 set out on pages one to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


19 January 2024