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
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
Zhero Logistics Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
182,529
149,151
Cash at bank and in hand
68,556
61,403
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
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
Zhero Logistics Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
Expenditure on research and development is written off in the year in which it is incurred.
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.
Zhero Logistics Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
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.
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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
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
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
Amounts falling due within one year
Trade debtors
24,120
22,487
Accrued income and prepayments
17,012
-
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
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Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
84,489
78,814
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Average number of employees
During the year the average number of employees was 10 (2022: 6).