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REGISTERED NUMBER: 03248266 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Zerust (UK) Limited

Zerust (UK) Limited (Registered number: 03248266)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Zerust (UK) Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: A Taylor
S C Taylor
G P Lynch
V Dalal
N Jenner





SECRETARY: S C Taylor





REGISTERED OFFICE: Meadowfield Avenue
Green Lane Industrial Estate
Spennymoor
County Durham
DL16 6YJ





REGISTERED NUMBER: 03248266 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

Zerust (UK) Limited (Registered number: 03248266)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 329 383

CURRENT ASSETS
Stocks 5 351,179 329,880
Debtors 6 601,974 717,610
Cash at bank 570,048 424,800
1,523,201 1,472,290
CREDITORS
Amounts falling due within one year 7 763,460 668,323
NET CURRENT ASSETS 759,741 803,967
TOTAL ASSETS LESS CURRENT
LIABILITIES

760,070

804,350

CAPITAL AND RESERVES
Called up share capital 9 100,000 100,000
Retained earnings 660,070 704,350
SHAREHOLDERS' FUNDS 760,070 804,350

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Profit and Loss Account has not been delivered.

Zerust (UK) Limited (Registered number: 03248266)

Balance Sheet - continued
31 August 2023



The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:





S C Taylor - Director


Zerust (UK) Limited (Registered number: 03248266)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Zerust (UK) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

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

Income recognition
Turnover represents the sale of goods and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on delivery of goods.

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 - 15% on reducing balance
Computer equipment - 25% on reducing balance

Tangible assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and selling price less estimated costs to sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amoritsed cost with changes recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account 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.


Zerust (UK) Limited (Registered number: 03248266)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 2,094 1,759 3,853
DEPRECIATION
At 1 September 2022 1,711 1,759 3,470
Charge for year 54 - 54
At 31 August 2023 1,765 1,759 3,524
NET BOOK VALUE
At 31 August 2023 329 - 329
At 31 August 2022 383 - 383

Zerust (UK) Limited (Registered number: 03248266)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. STOCKS
2023 2022
£    £   
Raw materials 309,914 308,865
Finished goods 41,265 21,015
351,179 329,880

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 596,696 698,534
Other debtors - 7,267
Prepayments and accrued income 5,278 11,809
601,974 717,610

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 240,516 358,962
Amounts owed to associates 235,376 36,254
Taxation and social security 104,255 66,551
Other creditors - 11,766
Accruals and deferred income 183,313 194,790
763,460 668,323

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 3,979

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50,000 Ordinary A £1 50,000 50,000
50,000 Ordinary B £1 50,000 50,000
100,000 100,000

Zerust (UK) Limited (Registered number: 03248266)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

10. RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market conditions except for those listed below:
2023 2022
£    £   

Amounts owed to associated companies 235,376 36,254

No interest has been charged.