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Company Registration No. 03889057 (England and Wales)
ZCARS LTD Unaudited accounts for the year ended 31 December 2023
ZCARS LTD Unaudited accounts Contents
Page
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ZCARS LTD Company Information for the year ended 31 December 2023
Director
C. H. Allanson
Company Number
03889057 (England and Wales)
Registered Office
GALLOWS FARM HULL ROAD ALDBROUGH EAST YORKSHIRE HU11 4RE
Accountants
SD ACCOUNTING SERVICES 8 MONMOUTH STREET HULL EAST YORKSHIRE HU4 6QL
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ZCARS LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
370,064 
241,172 
Current assets
Inventories
108,000 
68,000 
Debtors
54,843 
350,096 
Cash at bank and in hand
20,015 
74,706 
182,858 
492,802 
Creditors: amounts falling due within one year
(133,062)
(345,720)
Net current assets
49,796 
147,082 
Total assets less current liabilities
419,860 
388,254 
Creditors: amounts falling due after more than one year
(163,058)
- 
Provisions for liabilities
Deferred tax
(28,343)
(45,424)
Net assets
228,459 
342,830 
Capital and reserves
Called up share capital
75 
75 
Share premium
73,491 
73,491 
Profit and loss account
154,893 
269,264 
Shareholders' funds
228,459 
342,830 
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 director acknowledges his 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 and authorised for issue on 29 August 2024 and were signed on its behalf by
C. H. Allanson Director Company Registration No. 03889057
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ZCARS LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
ZCARS LTD is a private company, limited by shares, registered in England and Wales, registration number 03889057. The registered office is GALLOWS FARM, HULL ROAD, ALDBROUGH, EAST YORKSHIRE, HU11 4RE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
Plant & machinery
6.66% cost and 25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Deferred taxation
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.
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ZCARS LTD Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
34,709 
656,994 
79,711 
19,773 
791,187 
Additions
- 
19,815 
399,790 
- 
419,605 
Disposals
- 
(9,628)
(207,928)
- 
(217,556)
At 31 December 2023
34,709 
667,181 
271,573 
19,773 
993,236 
Depreciation
At 1 January 2023
34,709 
456,739 
38,853 
19,714 
550,015 
Charge for the year
- 
41,488 
66,219 
15 
107,722 
On disposals
- 
(2,407)
(32,158)
- 
(34,565)
At 31 December 2023
34,709 
495,820 
72,914 
19,729 
623,172 
Net book value
At 31 December 2023
- 
171,361 
198,659 
44 
370,064 
At 31 December 2022
- 
200,255 
40,858 
59 
241,172 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
40,643 
40,096 
Trade debtors
14,200 
310,000 
54,843 
350,096 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
39,746 
- 
Trade creditors
32,617 
272,177 
Taxes and social security
- 
907 
Other creditors
58,350 
58,349 
Loans from directors
2,349 
14,287 
133,062 
345,720 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
163,058 
- 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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