Company Registration No. 08492899 (England and Wales)
Zig Zag Opticare Limited
Unaudited accounts
for the year ended 31 July 2024
Zig Zag Opticare Limited
Unaudited accounts
Contents
Zig Zag Opticare Limited
Company Information
for the year ended 31 July 2024
Company Number
08492899 (England and Wales)
Registered Office
30 High Street
Bolton
BL3 6TA
Accountants
Daniel Sam Limited
61 Plodder Lane
Farnworth
Bolton
BL4 0BX
Zig Zag Opticare Limited
Statement of financial position
as at 31 July 2024
Tangible assets
2,328
2,627
Cash at bank and in hand
4,227
4,847
Creditors: amounts falling due within one year
(4,764)
(5,943)
Net current liabilities
(537)
(1,096)
Total assets less current liabilities
1,791
1,531
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
1,249
932
Shareholders' funds
1,349
1,032
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 19 December 2024 and were signed on its behalf by
Zaheer Ghanchi
Director
Company Registration No. 08492899
Zig Zag Opticare Limited
Notes to the Accounts
for the year ended 31 July 2024
Zig Zag Opticare Limited is a private company, limited by shares, registered in England and Wales, registration number 08492899. The registered office is 30 High Street, Bolton, BL3 6TA.
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.
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.
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 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% on reducing balance
Computer equipment
20% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Zig Zag Opticare Limited
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2023
6,547
1,499
8,046
At 31 July 2024
6,547
1,868
8,415
At 1 August 2023
5,269
150
5,419
Charge for the year
319
349
668
At 31 July 2024
5,588
499
6,087
At 31 July 2024
959
1,369
2,328
At 31 July 2023
1,278
1,349
2,627
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
600
315
Loans from directors
1,508
3,008
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).