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REGISTERED NUMBER: 08438146 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Zinc White Ltd

Zinc White Ltd (Registered number: 08438146)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Zinc White Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Barnes
E Chambers





SECRETARY: E Watch





REGISTERED OFFICE: Railway Arch
8 Kings Arches
Near 150 Putney Bridge Road
London
SW15 2NG





REGISTERED NUMBER: 08438146 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

Zinc White Ltd (Registered number: 08438146)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,051 4,642

CURRENT ASSETS
Stocks 12,800 12,800
Debtors 5 67,594 88,488
Cash at bank 20,067 4,714
100,461 106,002
CREDITORS
Amounts falling due within one year 6 80,269 32,709
NET CURRENT ASSETS 20,192 73,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,243

77,935

CREDITORS
Amounts falling due after more than one
year

7

(16,514

)

(26,612

)

PROVISIONS FOR LIABILITIES (390 ) (882 )
NET ASSETS 5,339 50,441

CAPITAL AND RESERVES
Called up share capital 5,000 50,000
Capital redemption reserve 1 1
Retained earnings 338 440
5,339 50,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Zinc White Ltd (Registered number: 08438146)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:




E Chambers - Director



J Barnes - Director


Zinc White Ltd (Registered number: 08438146)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Zinc White Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 6 years
Computer equipment - Straight line over 3 years

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Zinc White Ltd (Registered number: 08438146)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 23,613 43,663 67,276
DEPRECIATION
At 1 April 2023 23,613 39,021 62,634
Charge for year - 2,591 2,591
At 31 March 2024 23,613 41,612 65,225
NET BOOK VALUE
At 31 March 2024 - 2,051 2,051
At 31 March 2023 - 4,642 4,642

Zinc White Ltd (Registered number: 08438146)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,817 267
Rent Deposit 3,250 3,250
Directors' current accounts 61,527 84,971
67,594 88,488

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 10,098 9,849
Other loans (see note 8) 48,887 -
Tax 12,012 10,311
Social security and other taxes 1,839 3,750
Pension liabillity 333 310
VAT 3,240 6,384
Accrued expenses 3,860 2,105
80,269 32,709

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 16,514 26,612

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,098 9,849
Other loans 48,887 -
58,985 9,849

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,354 10,098

Amounts falling due between two and five years:
Bank loans - 2-5 years 6,160 16,514

Zinc White Ltd (Registered number: 08438146)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the 31st March 2024 Mr E Chambers owed the company £30,304 and Mr J Barnes owed the company £31,223.