IRIS Accounts Production v24.1.9.2 08541616 director 1.11.22 31.10.23 31.10.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085416162022-10-31085416162023-10-31085416162022-11-012023-10-31085416162021-10-31085416162021-11-012022-10-31085416162022-10-3108541616ns15:EnglandWales2022-11-012023-10-3108541616ns14:PoundSterling2022-11-012023-10-3108541616ns10:Director12022-11-012023-10-3108541616ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3108541616ns10:SmallEntities2022-11-012023-10-3108541616ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3108541616ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3108541616ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3108541616ns10:FullAccounts2022-11-012023-10-3108541616ns10:OrdinaryShareClass12022-11-012023-10-3108541616ns10:RegisteredOffice2022-11-012023-10-3108541616ns5:CurrentFinancialInstruments2023-10-3108541616ns5:CurrentFinancialInstruments2022-10-3108541616ns5:ShareCapital2023-10-3108541616ns5:ShareCapital2022-10-3108541616ns5:RetainedEarningsAccumulatedLosses2023-10-3108541616ns5:RetainedEarningsAccumulatedLosses2022-10-3108541616ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3108541616ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3108541616ns10:OrdinaryShareClass12023-10-31
REGISTERED NUMBER: 08541616 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

POUND ZONE LONDON LIMITED

POUND ZONE LONDON LIMITED (REGISTERED NUMBER: 08541616)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


POUND ZONE LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: S Khalid





REGISTERED OFFICE: 331-333 Green Street
Upton Park
London
E13 9AR





REGISTERED NUMBER: 08541616 (England and Wales)





ACCOUNTANTS: Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ

POUND ZONE LONDON LIMITED (REGISTERED NUMBER: 08541616)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 43,595 40,285
Debtors 4 9,986 1,405
Cash at bank and in hand 72,598 11,941
126,179 53,631
CREDITORS
Amounts falling due within one year 5 109,969 49,598
NET CURRENT ASSETS 16,210 4,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,210

4,033

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 16,110 3,933
SHAREHOLDERS' FUNDS 16,210 4,033

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 25 July 2024 and were signed by:





S Khalid - Director


POUND ZONE LONDON LIMITED (REGISTERED NUMBER: 08541616)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Pound Zone London 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.

The financial statements have been prepared on a going concern basis as the director has confirmed that funds are available to provide support to the company for the foreseeable future.

Turnover
Turnover represents the sale of goods and is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes and is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

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.

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.

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 5 (2022 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 9,986 1,405

POUND ZONE LONDON LIMITED (REGISTERED NUMBER: 08541616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 81,138 21,471
Taxation and social security 1,800 896
Other creditors 27,031 27,231
109,969 49,598

6. CALLED UP SHARE CAPITAL

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