Zodiac Events Limited 13193226 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is operation of a licenced club and bar Digita Accounts Production Advanced 6.30.9574.0 true true 13193226 2023-03-01 2024-02-29 13193226 2024-02-29 13193226 bus:Director1 2024-02-29 13193226 bus:Director2 2024-02-29 13193226 bus:OrdinaryShareClass1 2024-02-29 13193226 core:CurrentFinancialInstruments 2024-02-29 13193226 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 13193226 core:MoreThanFiveYears 2024-02-29 13193226 core:FurnitureFittingsToolsEquipment 2024-02-29 13193226 core:LandBuildings 2024-02-29 13193226 bus:SmallEntities 2023-03-01 2024-02-29 13193226 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 13193226 bus:FilletedAccounts 2023-03-01 2024-02-29 13193226 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13193226 bus:RegisteredOffice 2023-03-01 2024-02-29 13193226 bus:Director1 2023-03-01 2024-02-29 13193226 bus:Director2 2023-03-01 2024-02-29 13193226 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 13193226 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13193226 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 13193226 core:LandBuildings 2023-03-01 2024-02-29 13193226 core:LeaseholdImprovements 2023-03-01 2024-02-29 13193226 core:OfficeEquipment 2023-03-01 2024-02-29 13193226 countries:EnglandWales 2023-03-01 2024-02-29 13193226 2023-02-28 13193226 core:FurnitureFittingsToolsEquipment 2023-02-28 13193226 core:LandBuildings 2023-02-28 13193226 2022-03-01 2023-02-28 13193226 2023-02-28 13193226 bus:OrdinaryShareClass1 2023-02-28 13193226 core:CurrentFinancialInstruments 2023-02-28 13193226 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13193226 core:MoreThanFiveYears 2023-02-28 13193226 core:FurnitureFittingsToolsEquipment 2023-02-28 13193226 core:LandBuildings 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13193226

Zodiac Events Limited

trading as Zodiac Bar

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Zodiac Events Limited

trading as Zodiac Bar

Contents

Company Information

1

Director's Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Zodiac Events Limited

trading as Zodiac Bar

Company Information

Director

D Sanchez

Registered office

119 Hampstead Road
London
United Kingdom
NW1 3EE

 

Zodiac Events Limited

trading as Zodiac Bar

Director's Report for the Year Ended 29 February 2024

The director presents her report and the financial statements for the year ended 29 February 2024.

Directors of the company

The directors who held office during the year were as follows:

J P Hoskins (ceased 22 April 2023)

D Sanchez (appointed 22 April 2023)

Principal activity

The principal activity of the company is operation of a licenced club and bar

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 30 November 2024
 

.........................................
D Sanchez
Director

 

Zodiac Events Limited

trading as Zodiac Bar

(Registration number: 13193226)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

232,228

248,667

Current assets

 

Stocks

5

6,859

8,412

Debtors

6

63,180

58,871

Cash at bank and in hand

 

65,412

113,284

 

135,451

180,567

Creditors: Amounts falling due within one year

7

(91,165)

(108,063)

Net current assets

 

44,286

72,504

Net assets

 

276,514

321,171

Capital and reserves

 

Called up share capital

8

144

144

Share premium reserve

314,986

314,986

Retained earnings

(38,616)

6,041

Shareholders' funds

 

276,514

321,171

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 November 2024
 

.........................................
D Sanchez
Director

 

Zodiac Events Limited

trading as Zodiac Bar

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
119 Hampstead Road
London
United Kingdom
NW1 3EE
England and Wales

These financial statements were authorised for issue by the director on 30 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

The director has reviewed the postion of the company for the foreseeable future, being twelve months from the date of the signing of these financial statements, and is of the opinion that the company has sufficient working capital and reserves at hand to continue as a going concern. The director, therefore, believes there are no fundamental uncertainties which cast doubt on the company's ability to continue as a going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Zodiac Events Limited

trading as Zodiac Bar

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold buildings

6.67% straight line method

Furniture, fittings, tools and equipment

25% straight line method

Office equipment

33.33% straight line method

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Zodiac Events Limited

trading as Zodiac Bar

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2023 - 12).

 

Zodiac Events Limited

trading as Zodiac Bar

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

241,014

48,456

289,470

Additions

-

7,049

7,049

At 29 February 2024

241,014

55,505

296,519

Depreciation

At 1 March 2023

23,945

16,858

40,803

Charge for the year

16,076

7,412

23,488

At 29 February 2024

40,021

24,270

64,291

Carrying amount

At 29 February 2024

200,993

31,235

232,228

At 28 February 2023

217,069

31,598

248,667

Included within the net book value of land and buildings above is £200,993 (2023 - £217,069) in respect of short leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

6,859

8,412

6

Debtors

Current

2024
£

2023
£

Trade debtors

389

2,635

Prepayments

18,872

16,179

Other debtors

43,919

40,057

 

63,180

58,871

 

Zodiac Events Limited

trading as Zodiac Bar

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

14,416

-

Trade creditors

 

44,350

65,808

Taxation and social security

 

19,642

17,095

Accruals and deferred income

 

5,312

10,921

Other creditors

 

7,445

14,239

 

91,165

108,063

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £0.01 each

14,410

144

14,410

144

       

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

14,416

-

Other borrowings are unsecured and carries interest at 8.6% per annum.

10

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Later than five years

640,966

682,566

The amount of non-cancellable operating lease payments recognised as an expense during the year was £41,600 (2023 - £41,600).