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REGISTERED NUMBER: 03917576 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Zanos Ltd

Zanos Ltd (Registered number: 03917576)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Zanos Ltd (Registered number: 03917576)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,595 10,554

CURRENT ASSETS
Stocks 395,760 697,648
Debtors 5 1,215,116 995,171
Cash at bank and in hand 457,637 116,250
2,068,513 1,809,069
CREDITORS
Amounts falling due within one year 6 (1,521,219 ) (1,418,861 )
NET CURRENT ASSETS 547,294 390,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

553,889

400,762

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 552,889 399,762
553,889 400,762

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Zanos Ltd (Registered number: 03917576)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





R K Gilkes - Director


Zanos Ltd (Registered number: 03917576)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Zanos Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03917576

Registered office: 6 Ducketts Wharf
South Street
Bishop's Stortford
Hertfordshire
CM23 3AR

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.

Preparation of consolidated financial statements
The financial statements contain information about Zanos Limited as an individual company and do not
contain consolidated financial information as a subsidiary of a group. The company is exempt under Section
399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 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 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 balance sheet date.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Zanos Ltd (Registered number: 03917576)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 32,565
Disposals (2,060 )
At 31 December 2023 30,505
DEPRECIATION
At 1 January 2023 22,011
Charge for year 3,959
Eliminated on disposal (2,060 )
At 31 December 2023 23,910
NET BOOK VALUE
At 31 December 2023 6,595
At 31 December 2022 10,554

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 545,970 886,624
Amounts owed by group undertakings 595,951 101,580
Other debtors 73,195 6,967
1,215,116 995,171

Zanos Ltd (Registered number: 03917576)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 590,848 347,688
Trade creditors 504,009 714,665
Amounts owed to group undertakings 244,582 99,853
Taxation and social security 172,804 243,294
Other creditors 8,976 13,361
1,521,219 1,418,861

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Owed to bank trading facility 590,848 346,363

The bank trading facility is secured by a fixed and floating charge over the assets of the company.

8. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Stort Chemicals Limited a private company, limited by shares, registered in England and Wales. Registered number is 01625837 and registered office is 6 Ducketts Wharf, South Street, Bishops Stortford, Hertfordshire, CM23 3AR.