Company Registration No. 8645054 (England and Wales)
ZZ5 LTD
ABRIDGED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
ZZ5 LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ZZ5 LTD
BALANCE SHEET
AS AT 30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
560
747
Current assets
Stocks
2,113,235
386,806
Debtors
4
1,092,534
2,236,973
Cash at bank and in hand
54,395
1,793
3,260,164
2,625,572
Creditors: amounts falling due within one year
5
(3,168,328)
(2,613,773)
Net current assets
91,836
11,799
Net assets
92,396
12,546
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
92,395
12,545
Total equity
92,396
12,546

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 31 July 2024
G Minerva
Director
Company registration number 8645054 (England and Wales)
ZZ5 LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information

ZZ5 Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Balfour House, 741 High Road, Finchley, London, N12 0BP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance
1.4
Stocks

Stocks are stated at the lower of cost and net realisable value.

 

 

1.5
Taxation

The tax expense represents corporation tax currently payable.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

ZZ5 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 and 30 June 2023
1,328
Depreciation and impairment
At 1 July 2022
581
Depreciation charged in the year
187
At 30 June 2023
768
Carrying amount
At 30 June 2023
560
At 30 June 2022
747
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
1,076,467
2,235,766
Other debtors
16,067
1,207
1,092,534
2,236,973
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,665,384
580,248
Corporation tax
21,727
2,462
Other taxation and social security
(62)
(419)
Other creditors
1,481,279
2,031,482
3,168,328
2,613,773
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