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Company Registration No. 12351329 (England and Wales)
Zhero Logistics Ltd Unaudited accounts for the year ended 31 December 2023
Zhero Logistics Ltd Unaudited accounts Contents
Page
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Zhero Logistics Ltd Company Information for the year ended 31 December 2023
Directors
Mr J Sharpe Mr O King
Company Number
12351329 (England and Wales)
Registered Office
Zhero Hackney Bridge Units 1-28 Echo E Bay Ln London E15 2SJ United Kingdom
Accountants
Xoba Limited 26 Landsmoor Drive Longton Preston Lancashire PR4 5PE
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Zhero Logistics Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
182,529 
149,151 
Current assets
Debtors
45,741 
23,074 
Cash at bank and in hand
68,556 
61,403 
114,297 
84,477 
Creditors: amounts falling due within one year
(136,429)
(77,787)
Net current (liabilities)/assets
(22,132)
6,690 
Total assets less current liabilities
160,397 
155,841 
Creditors: amounts falling due after more than one year
(130,033)
(120,028)
Provisions for liabilities
Deferred tax
(20,373)
- 
Net assets
9,991 
35,813 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
8,991 
34,813 
Shareholders' funds
9,991 
35,813 
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 16 September 2024 and were signed on its behalf by
Mr J Sharpe Director Company Registration No. 12351329
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Zhero Logistics Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Zhero Logistics Ltd is a private company, limited by shares, registered in England and Wales, registration number 12351329. The registered office is Zhero Hackney Bridge Units 1-28 Echo, E Bay Ln, London, E15 2SJ, United Kingdom.
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.
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
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
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.
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Zhero Logistics Ltd Notes to the Accounts for the year ended 31 December 2023
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
2,584 
210,884 
7,251 
307 
221,026 
Additions
2,676 
76,955 
- 
1,922 
81,553 
At 31 December 2023
5,260 
287,839 
7,251 
2,229 
302,579 
Depreciation
At 1 January 2023
766 
68,019 
2,993 
97 
71,875 
Charge for the year
831 
45,951 
1,065 
328 
48,175 
At 31 December 2023
1,597 
113,970 
4,058 
425 
120,050 
Net book value
At 31 December 2023
3,663 
173,869 
3,193 
1,804 
182,529 
At 31 December 2022
1,818 
142,865 
4,258 
210 
149,151 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
24,120 
22,487 
Accrued income and prepayments
17,012 
- 
Other debtors
4,609 
587 
45,741 
23,074 
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Zhero Logistics Ltd Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
13,603 
9,100 
Obligations under finance leases and hire purchase contracts
31,680 
23,504 
Trade creditors
36,135 
4,762 
Taxes and social security
32,553 
34,620 
Other creditors
20,658 
2,551 
Accruals
1,800 
3,250 
136,429 
77,787 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
45,544 
41,214 
Obligations under finance leases and hire purchase contracts
84,489 
78,814 
130,033 
120,028 
8
Average number of employees
During the year the average number of employees was 10 (2022: 6).
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