Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mr A J Dick 02/10/2017 Mr A P Rodgers 25/03/2020 19 September 2024 The principal activity of the Company during the financial year was that of a health and fitness club. 10990028 2023-12-31 10990028 bus:Director1 2023-12-31 10990028 bus:Director2 2023-12-31 10990028 2022-12-31 10990028 core:CurrentFinancialInstruments 2023-12-31 10990028 core:CurrentFinancialInstruments 2022-12-31 10990028 core:ShareCapital 2023-12-31 10990028 core:ShareCapital 2022-12-31 10990028 core:RetainedEarningsAccumulatedLosses 2023-12-31 10990028 core:RetainedEarningsAccumulatedLosses 2022-12-31 10990028 core:LeaseholdImprovements 2022-12-31 10990028 core:PlantMachinery 2022-12-31 10990028 core:FurnitureFittings 2022-12-31 10990028 core:OfficeEquipment 2022-12-31 10990028 core:LeaseholdImprovements 2023-12-31 10990028 core:PlantMachinery 2023-12-31 10990028 core:FurnitureFittings 2023-12-31 10990028 core:OfficeEquipment 2023-12-31 10990028 2023-01-01 2023-12-31 10990028 bus:FilletedAccounts 2023-01-01 2023-12-31 10990028 bus:SmallEntities 2023-01-01 2023-12-31 10990028 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10990028 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10990028 bus:Director1 2023-01-01 2023-12-31 10990028 bus:Director2 2023-01-01 2023-12-31 10990028 core:LeaseholdImprovements core:TopRangeValue 2023-01-01 2023-12-31 10990028 core:PlantMachinery core:BottomRangeValue 2023-01-01 2023-12-31 10990028 core:PlantMachinery core:TopRangeValue 2023-01-01 2023-12-31 10990028 core:FurnitureFittings core:BottomRangeValue 2023-01-01 2023-12-31 10990028 core:FurnitureFittings core:TopRangeValue 2023-01-01 2023-12-31 10990028 core:OfficeEquipment core:BottomRangeValue 2023-01-01 2023-12-31 10990028 core:OfficeEquipment core:TopRangeValue 2023-01-01 2023-12-31 10990028 2022-01-01 2022-12-31 10990028 core:LeaseholdImprovements 2023-01-01 2023-12-31 10990028 core:PlantMachinery 2023-01-01 2023-12-31 10990028 core:FurnitureFittings 2023-01-01 2023-12-31 10990028 core:OfficeEquipment 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 10990028 (England and Wales)

ZONE WEYMOUTH LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

ZONE WEYMOUTH LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

ZONE WEYMOUTH LIMITED

BALANCE SHEET

As at 31 December 2023
ZONE WEYMOUTH LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 196,151 305,538
196,151 305,538
Current assets
Debtors 4 8,819 90,416
Cash at bank and in hand 13,633 18,537
22,452 108,953
Creditors: amounts falling due within one year 5 ( 1,612,446) ( 1,700,940)
Net current liabilities (1,589,994) (1,591,987)
Total assets less current liabilities (1,393,843) (1,286,449)
Net liabilities ( 1,393,843) ( 1,286,449)
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account ( 1,394,843 ) ( 1,287,449 )
Total shareholders' deficit ( 1,393,843) ( 1,286,449)

For the financial 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.

Directors' responsibilities:

The financial statements of Zone Weymouth Limited (registered number: 10990028) were approved and authorised for issue by the Board of Directors on 19 September 2024. They were signed on its behalf by:

Mr A P Rodgers
Director
ZONE WEYMOUTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
ZONE WEYMOUTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Zone Weymouth Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is D J Property, Unit C, Oxford Court Cambridge Road, Granby Trading Estate, Weymouth, DT4 9GH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The company has net liabilities at year end. The owners will continue to support the company as is required in order to meet the other liabilities of the company as they fall due. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 7 years straight line
Plant and machinery 3 - 10 years straight line
Fixtures and fittings 2 - 10 years straight line
Office equipment 3 - 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 16 16

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 January 2023 546,975 321,542 191,303 79,068 1,138,888
Additions 0 17,886 550 2,930 21,366
Disposals 0 0 0 ( 599) ( 599)
At 31 December 2023 546,975 339,428 191,853 81,399 1,159,655
Accumulated depreciation
At 01 January 2023 382,488 266,871 116,064 67,927 833,350
Charge for the financial year 78,140 24,638 23,809 4,166 130,753
Disposals 0 0 0 ( 599) ( 599)
At 31 December 2023 460,628 291,509 139,873 71,494 963,504
Net book value
At 31 December 2023 86,347 47,919 51,980 9,905 196,151
At 31 December 2022 164,487 54,671 75,239 11,141 305,538

4. Debtors

2023 2022
£ £
Trade debtors 2,127 986
Other debtors 6,692 89,430
8,819 90,416

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 3,174 14,571
Other taxation and social security 13,694 94,620
Other creditors 1,595,578 1,591,749
1,612,446 1,700,940

6. Related party transactions

Transactions with owners holding a participating interest in the entity

2023 2022
£ £
Included within creditors are loans from shareholders with a participating interest 1,373,590 1,373,590