Registered number
06446187
Zoe Rainford Limited
Filleted Accounts
31 May 2023
Zoe Rainford Limited
Registered number: 06446187
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 7,056 10,911
Tangible assets 4 59,700 79,919
66,756 90,830
Current assets
Debtors 5 167,704 152,588
Cash at bank and in hand 600 -
168,304 152,588
Creditors: amounts falling due within one year 6 (29,119) (29,993)
Net current assets 139,185 122,595
Total assets less current liabilities 205,941 213,425
Creditors: amounts falling due after more than one year 7 (150,285) (155,249)
Provisions for liabilities (14,299) (19,274)
Net assets 41,357 38,902
Capital and reserves
Called up share capital 1 1
Profit and loss account 41,356 38,901
Shareholders' funds 41,357 38,902
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.
D Anastasiou
Director
Approved by the board on 22 February 2024
Zoe Rainford Limited
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2022 139,950
At 31 May 2023 139,950
Amortisation
At 1 June 2022 129,039
Provided during the year 3,855
At 31 May 2023 132,894
Net book value
At 31 May 2023 7,056
At 31 May 2022 10,911
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2022 79,600 41,275 120,875
Surplus on revaluation (19,900) - (19,900)
At 31 May 2023 59,700 41,275 100,975
Depreciation
At 1 June 2022 - 40,956 40,956
Charge for the year - 319 319
At 31 May 2023 - 41,275 41,275
Net book value
At 31 May 2023 59,700 - 59,700
At 31 May 2022 79,600 319 79,919
5 Debtors 2023 2022
£ £
Trade debtors 9,667 11,501
Amounts owed by group undertakings and undertakings in which the company has a participating interest 158,037 141,087
167,704 152,588
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors (174) (463)
Amounts owed to group undertakings and undertakings in which the company has a participating interest 26,186 26,186
Taxation and social security costs 3,106 4,270
Other creditors 1 -
29,119 29,993
7 Creditors: amounts falling due after one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 133,028 133,028
Other creditors 17,257 22,221
150,285 155,249
8 Other information
Zoe Rainford Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Stanley Street
Liverpool
L1 6AA
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