Acorah Software Products - Accounts Production 15.0.600 false true true false 18 January 2023 31 January 2024 31 January 2024 14600215 Mr Thomas Burke Mr Alex Dagg Retail Zipline Inc 2370 Market St Ste 436 San Francisco, CA, 94114-1696 United States true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14600215 2023-01-17 14600215 2024-01-31 14600215 2023-01-18 2024-01-31 14600215 frs-core:CurrentFinancialInstruments 2024-01-31 14600215 frs-core:WithinOneYear 2024-01-31 14600215 frs-core:ShareCapital 2024-01-31 14600215 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 14600215 frs-bus:PrivateLimitedCompanyLtd 2023-01-18 2024-01-31 14600215 frs-bus:FilletedAccounts 2023-01-18 2024-01-31 14600215 frs-bus:SmallEntities 2023-01-18 2024-01-31 14600215 frs-bus:AuditExempt-NoAccountantsReport 2023-01-18 2024-01-31 14600215 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-18 2024-01-31 14600215 1 2023-01-18 2024-01-31 14600215 frs-bus:Director1 2023-01-18 2024-01-31 14600215 frs-bus:Director2 2023-01-18 2024-01-31 14600215 frs-countries:EnglandWales 2023-01-18 2024-01-31
Registered number: 14600215
Retail Zipline UK Ltd
Unaudited Financial Statements
For the Period 18 January 2023 to 31 January 2024
Broadwing Accountancy Services Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 14600215
31 January 2024
Notes £ £
CURRENT ASSETS
Debtors 4 6,452
Investments 5 4,125
10,577
Creditors: Amounts Falling Due Within One Year 6 (4,855 )
NET CURRENT ASSETS (LIABILITIES) 5,722
TOTAL ASSETS LESS CURRENT LIABILITIES 5,722
NET ASSETS 5,722
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account 5,622
SHAREHOLDERS' FUNDS 5,722
For the period ending 31 January 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alex Dagg
Director
11/10/2024
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Retail Zipline UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14600215 . The registered office is First Floor 1 Cottesbrooke Park, Heartlands Business Park, Daventry, Northamptonshire, NN11 8YL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.5. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.6. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value
2.9. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other
resources received or receivable, net of the direct costs of issuing the equity instruments.
2.10. Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
2.11. Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Debtors
31 January 2024
£
Due within one year
Other debtors 6,452
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5. Current Asset Investments
31 January 2024
£
Short term deposits 4,125
6. Creditors: Amounts Falling Due Within One Year
31 January 2024
£
Amounts owed to participating interests 2,096
Other creditors 1,440
Taxation and social security 1,319
4,855
7. Share Capital
31 January 2024
£
Allotted, Called up and fully paid 100
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 January 2024
£
Not later than one year 30,452
30,452
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Retail Zipline Inc . Retail Zipline Inc was incorporated in the United States. Copies of the group accounts may be obtained from the secretary, 2370 Market St Ste 436 San Francisco, CA, 94114-1696 United States . The ultimate controlling party is Retail Zipline Inc who controls 100% of the shares of Retail Zipline UK Ltd .
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