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Company Registration No. 08775313 (England and Wales)
Zinch Designs Ltd Unaudited accounts for the year ended 29 February 2024
Zinch Designs Ltd Company Information for the year ended 29 February 2024
Directors
Mrs Melissa Edmunds Mr James Berry Mr Simon Clark
Company Number
08775313 (England and Wales)
Registered Office
5 Beechcroft Lane Ringwood Hampshire BH24 1QN England
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Zinch Designs Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
25,807 
25,807 
Current assets
Inventories
2,406 
3,066 
Debtors
6,580 
5,038 
Cash at bank and in hand
100 
3,725 
9,086 
11,829 
Creditors: amounts falling due within one year
(34,937)
(37,821)
Net current liabilities
(25,851)
(25,992)
Net liabilities
(44)
(185)
Capital and reserves
Called up share capital
200 
200 
Share premium
71,250 
71,250 
Profit and loss account
(71,494)
(71,635)
Shareholders' funds
(44)
(185)
For the 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. 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 30 November 2024 and were signed on its behalf by
Mr Simon Clark Director Company Registration No. 08775313
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Zinch Designs Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Zinch Designs Ltd is a private company, limited by shares, registered in England and Wales, registration number 08775313. The registered office is 5 Beechcroft Lane, Ringwood, Hampshire, BH24 1QN, England.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover comprises of the invoiced value of goods supplied by the company, net of Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight line basis over 5 years.
Inventories
Inventories have been valued at the lower of cost and net realisable value after making due allowance for obsolete or slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Going concern
The directors have confirmed that they will not require their loans to be repaid during the next 12 months and as such the accounts have been prepared on a going concern basis.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
13,000 
At 29 February 2024
13,000 
Depreciation
At 1 March 2023
13,000 
At 29 February 2024
13,000 
Net book value
At 29 February 2024
- 
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Zinch Designs Ltd Notes to the Accounts for the year ended 29 February 2024
5
Investments
Other investments 
£ 
Valuation at 1 March 2023
25,807 
Valuation at 29 February 2024
25,807 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
(52)
176 
Accrued income and prepayments
1,676 
1,743 
1,624 
1,919 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
4,956 
3,119 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
21 
- 
Trade creditors
66 
61 
Taxes and social security
4 
211 
Loans from directors
34,846 
37,549 
34,937 
37,821 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
130 Ordinary A shares of £1 each
130 
130 
30 Ordinary B shares of £1 each
30 
30 
40 Ordinary C shares of £1 each
40 
40 
200 
200 
9
Transactions with related parties
At the year end, included within Creditors due within one year are amounts due to the Directors of the following amounts: Melissa Edmunds (Director and Shareholder) £34,846 (2023: £32,682). Simon Clark (Director and Shareholder) £0 (2023: £4,867). As at the 29 February 2024 the company is owed £4,956 from its subsidiary Zinch Limited (2023: £3,119).
10
Controlling party
The company's controlling party is Melissa Edmunds by virtue of her ownership of 65% of the issued share capital, being 81% of the voting capital in the company.
11
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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