Registered number
09543954
Zero Dry Time Stockport Cheshire Ltd
Filleted Accounts
30 April 2023
Zero Dry Time Stockport Cheshire Ltd
Registered number: 09543954
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 7,527 8,961
Tangible assets 4 1,666 2,184
9,193 11,145
Current assets
Debtors 5 1,985 491
Cash at bank and in hand 797 538
2,782 1,029
Creditors: amounts falling due within one year 6 (18,090) (18,674)
Net current liabilities (15,308) (17,645)
Total assets less current liabilities (6,115) (6,500)
Creditors: amounts falling due after more than one year 7 (2,083) (3,083)
Provisions for liabilities (317) (415)
Net liabilities (8,515) (9,998)
Capital and reserves
Called up share capital 100 100
Profit and loss account (8,615) (10,098)
Shareholders' funds (8,515) (9,998)
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.
T Martins
Director
Approved by the board on 18 March 2024
Zero Dry Time Stockport Cheshire Ltd
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2022 14,340
At 30 April 2023 14,340
Amortisation
At 1 May 2022 5,379
Provided during the year 1,434
At 30 April 2023 6,813
Net book value
At 30 April 2023 7,527
At 30 April 2022 8,961
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2022 379 8,400 8,779
At 30 April 2023 379 8,400 8,779
Depreciation
At 1 May 2022 105 6,490 6,595
Charge for the year 41 477 518
At 30 April 2023 146 6,967 7,113
Net book value
At 30 April 2023 233 1,433 1,666
At 30 April 2022 274 1,910 2,184
5 Debtors 2023 2022
£ £
Trade debtors 1,985 491
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,000 1,000
Trade creditors - 1,186
Taxation and social security costs 811 -
Accruals 1,020 2,042
Director's account 15,259 14,446
18,090 18,674
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 2,083 3,083
8 Other information
Zero Dry Time Stockport Cheshire Ltd is a private company limited by shares and incorporated in England. Its registered office is:
31 Beaufort Road
Stockport
England
SK2 7LU
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