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REGISTERED NUMBER: SC230622 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Zen Lifestyle Limited

Zen Lifestyle Limited (Registered number: SC230622)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Zen Lifestyle Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Fiona Fowley





REGISTERED OFFICE: 25 Bruntsfield Place
Edinburgh
Midlothian
EH10 4HJ





REGISTERED NUMBER: SC230622 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

Zen Lifestyle Limited (Registered number: SC230622)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 135,063 154,506

CURRENT ASSETS
Stocks 5 11,043 14,214
Debtors 6 61,941 54,269
Cash at bank 60,252 76,499
133,236 144,982
CREDITORS
Amounts falling due within one year 7 230,142 299,743
NET CURRENT LIABILITIES (96,906 ) (154,761 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,157

(255

)

CREDITORS
Amounts falling due after more than one
year

8

-

(11,111

)

PROVISIONS FOR LIABILITIES (22,173 ) (25,922 )
NET ASSETS/(LIABILITIES) 15,984 (37,288 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 15,982 (37,290 )
SHAREHOLDERS' FUNDS 15,984 (37,288 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 31 July 2024 and were signed by:





Fiona Fowley - Director


Zen Lifestyle Limited (Registered number: SC230622)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Zen Lifestyle Limited is a private company, limited by shares , registered in Scotland. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 17 (2023 - 18 ) .

Zen Lifestyle Limited (Registered number: SC230622)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 May 2023 205,875 410,561 154,700 771,136
Additions - 2,153 - 2,153
At 30 April 2024 205,875 412,714 154,700 773,289
DEPRECIATION
At 1 May 2023 155,059 333,306 128,265 616,630
Charge for year 4,447 13,573 3,576 21,596
At 30 April 2024 159,506 346,879 131,841 638,226
NET BOOK VALUE
At 30 April 2024 46,369 65,835 22,859 135,063
At 30 April 2023 50,816 77,255 26,435 154,506


5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 11,043 14,214

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Rent deposit 9,040 6,171
Takings control account 16,864 19,619
Other debtors 8,600 14,254
Directors' current accounts - 10,218
Prepayments and accrued income 27,437 4,007
61,941 54,269

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 11,111 33,333
Trade creditors 27,635 13,239
PAYE and NIC creditor 5,655 1,296
Corporation tax 18,924 20,165
Tax 2,869 -
VAT 22,871 29,760
Other creditors 4,150 5,491
Wages Control 28,185 25,127
Unredeemed gift vouchers sold 31,596 42,177
Payments on Account 10,167 36,717
Credit card - 3273 F Fowley 1,248 2,776
Directors' current accounts 242 -
Accruals 8,884 9,651
Accrued expenses 3 2
Pension fund 1,340 1,211
Deferred income for advance
course sales 55,262 78,798
230,142 299,743

Zen Lifestyle Limited (Registered number: SC230622)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 2-5 years - 11,111

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 were paid to the directors .