Company Registration No. 09652810 (England and Wales)
ZINC RETAIL LTD
Unaudited accounts
for the year ended 31 December 2023
ZINC RETAIL LTD
Unaudited accounts
Contents
ZINC RETAIL LTD
Company Information
for the year ended 31 December 2023
Directors
R Bosley
M Boulton
A Robins
C M Vass
Company Number
09652810 (England and Wales)
Registered Office
14-15 Triangle South
Clifton
Bristol
BS8 1EY
Accountants
FARQUHAR PARTNERSHIP LIMITED
151 WHITELADIES ROAD
CLIFTON
BRISTOL
BS8 2RA
ZINC RETAIL LTD
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
21,132
30,629
Creditors: amounts falling due within one year
(2,928)
(5,961)
Net current assets
40,066
41,867
Total assets less current liabilities
40,760
43,394
Provisions for liabilities
Called up share capital
900
900
Profit and loss account
39,728
42,203
Shareholders' funds
40,628
43,103
For the year ending 31 December 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by
M Boulton
Director
Company Registration No. 09652810
ZINC RETAIL LTD
Notes to the Accounts
for the year ended 31 December 2023
ZINC RETAIL LTD is a private company, limited by shares, registered in England and Wales, registration number 09652810. The registered office is 14-15 Triangle South , Clifton , Bristol, BS8 1EY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Other operating income comprises management charges receivable.
ZINC RETAIL LTD
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment
Finished goods
15,216
10,470
Amounts falling due within one year
Accrued income and prepayments
3,486
676
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
774
3,355
ZINC RETAIL LTD
Notes to the Accounts
for the year ended 31 December 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
132
291
Provision at start of year
291
449
Credited to the profit and loss account
(159)
(158)
Provision at end of year
132
291
Allotted, called up and fully paid:
900 Ordinary shares of £1 each
900
900
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).