Company Registration No. 12655941 (England and Wales)
Zero Procure Limited
Unaudited accounts
for the year ended 30 June 2024
Zero Procure Limited
Unaudited accounts
Contents
Zero Procure Limited
Company Information
for the year ended 30 June 2024
Directors
Lucy Flinter
Clive George Sheppard
Kazumi Sheppard
John Stevenson
Katrina Stevenson
Company Number
12655941 (England and Wales)
Registered Office
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
United Kingdom
Accountants
Evolve Accounting and Tax Solutions Ltd
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
Zero Procure Limited
Statement of financial position
as at 30 June 2024
Tangible assets
5,631
3,968
Cash at bank and in hand
71,985
96,332
Creditors: amounts falling due within one year
(258,355)
(100,934)
Net current assets
16,488
43,094
Called up share capital
1,221
1,221
Profit and loss account
20,898
45,841
Shareholders' funds
22,119
47,062
For the year ending 30 June 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 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 5 October 2024 and were signed on its behalf by
John Stevenson
Director
Company Registration No. 12655941
Zero Procure Limited
Notes to the Accounts
for the year ended 30 June 2024
Zero Procure Limited is a private company, limited by shares, registered in England and Wales, registration number 12655941. The registered office is Congress House, 14 Lyon Road, Harrow, Middlesex, HA1 2EN, 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.
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:
Fixtures & fittings
25% Reducing Balance
Computer equipment
20% Reducing Balance
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.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
1,161
4,232
5,393
At 30 June 2024
1,161
7,772
8,933
At 1 July 2023
290
1,135
1,425
Charge for the year
218
1,659
1,877
At 30 June 2024
508
2,794
3,302
At 30 June 2024
653
4,978
5,631
At 30 June 2023
871
3,097
3,968
Zero Procure Limited
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Trade debtors
65,944
47,696
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
3,198
Taxes and social security
29,693
40,310
Loans from directors
70,000
41,375
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Transactions with related parties
Included within other debtors is an amount of £136,914 (2023: Nil) due from the directors. This will be repaid after the year end. Included within creditors is a loan from a director of £70,000 (2023: £41,375). Interest is being charged at 10% p.a.
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Average number of employees
During the year the average number of employees was 7 (2023: 6).