2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 49,257 506 49,763 42,563 1,800 44,363 5,400 6,694 xbrli:pure xbrli:shares iso4217:GBP 06964641 2022-08-01 2023-07-31 06964641 2023-07-31 06964641 2022-07-31 06964641 2021-08-01 2022-07-31 06964641 2022-07-31 06964641 2021-07-31 06964641 core:FurnitureFittings 2022-08-01 2023-07-31 06964641 bus:Director1 2022-08-01 2023-07-31 06964641 core:FurnitureFittings 2022-07-31 06964641 core:FurnitureFittings 2023-07-31 06964641 core:WithinOneYear 2023-07-31 06964641 core:WithinOneYear 2022-07-31 06964641 core:ShareCapital 2023-07-31 06964641 core:ShareCapital 2022-07-31 06964641 core:RetainedEarningsAccumulatedLosses 2023-07-31 06964641 core:RetainedEarningsAccumulatedLosses 2022-07-31 06964641 core:FurnitureFittings 2022-07-31 06964641 bus:Director1 2022-07-31 06964641 bus:Director1 2023-07-31 06964641 bus:Director1 2021-07-31 06964641 bus:Director1 2022-07-31 06964641 bus:Director1 2021-08-01 2022-07-31 06964641 bus:SmallEntities 2022-08-01 2023-07-31 06964641 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 06964641 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 06964641 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 06964641 bus:FullAccounts 2022-08-01 2023-07-31
COMPANY REGISTRATION NUMBER: 06964641
Zoo Brand Ltd
Filleted Unaudited Financial Statements
For the year ended
31 July 2023
Zoo Brand Ltd
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
5,400
6,694
Current assets
Debtors
6
4,505
9,221
Cash at bank and in hand
41,260
142,084
--------
---------
45,765
151,305
Creditors: amounts falling due within one year
7
7,834
49,958
--------
---------
Net current assets
37,931
101,347
--------
---------
Total assets less current liabilities
43,331
108,041
Provisions
1,695
1,695
--------
---------
Net assets
41,636
106,346
--------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
41,536
106,246
--------
---------
Shareholders funds
41,636
106,346
--------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Zoo Brand Ltd
Statement of Financial Position (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 29 July 2024 , and are signed on behalf of the board by:
B Romans
Director
Company registration number: 06964641
Zoo Brand Ltd
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 147 Rendlesham Road, London.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Fixtures and fittings
£
Cost
At 1 August 2022
49,257
Additions
506
--------
At 31 July 2023
49,763
--------
Depreciation
At 1 August 2022
42,563
Charge for the year
1,800
--------
At 31 July 2023
44,363
--------
Carrying amount
At 31 July 2023
5,400
--------
At 31 July 2022
6,694
--------
6. Debtors
2023
2022
£
£
Trade debtors
7,437
Other debtors
4,505
1,784
-------
-------
4,505
9,221
-------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
4,451
25,036
Social security and other taxes
353
22,009
Other creditors
3,030
2,913
-------
--------
7,834
49,958
-------
--------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
B Romans
( 413)
( 17)
( 430)
----
----
----
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
B Romans
( 9)
( 404)
( 413)
----
----
----
9. Related party transactions
Dividends totalling £76,500 (2022: £74,500) were paid in respect to shares held by the company's director.