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Registered number: 03084008
Zeroarena Limited
Financial Statements
For The Year Ended 31 January 2024
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03084008
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 345 460
345 460
CURRENT ASSETS
Debtors 5 - 20,992
Cash at bank and in hand 47,020 8,297
47,020 29,289
Creditors: Amounts Falling Due Within One Year 6 (39,951 ) (27,757 )
NET CURRENT ASSETS (LIABILITIES) 7,069 1,532
TOTAL ASSETS LESS CURRENT LIABILITIES 7,414 1,992
NET ASSETS 7,414 1,992
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 7,314 1,892
SHAREHOLDERS' FUNDS 7,414 1,992
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr C E Ascough
Director
2nd August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Zeroarena Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03084008 . The registered office is 55 Hoghton Street, Southport, Merseyside, PR9 0PG. The financial statements are presented in the company's presentation currency of GBP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Taxation
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2023 21,195 711 21,906
As at 31 January 2024 21,195 711 21,906
Depreciation
As at 1 February 2023 20,735 711 21,446
Provided during the period 115 - 115
As at 31 January 2024 20,850 711 21,561
Net Book Value
As at 31 January 2024 345 - 345
As at 1 February 2023 460 - 460
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 12,540
Other debtors - 8,452
- 20,992
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 46 30
Other creditors 2,218 2,257
Taxation and social security 37,687 25,470
39,951 27,757
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4