smallAccCompHo_0921.xslt
Company Registration No. 08977477 (England and Wales)
ZOE GLENCROSS LTD
Financial Statements
for the Period from 01 May 2023 to 30 April 2024

ZOE GLENCROSS LTD

Financial Statements for the period ending 30 April 2024

ZOE GLENCROSS LTD

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

1. Statutory Information
ZOE GLENCROSS LTD is a private company, limited by shares, registered in England and Wales, registration number 08977477.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
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

ZOE GLENCROSS LTD

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

Tangible Fixed Asset Policy
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:Land & buildings 15 Years Straight Line MethodFixtures & fittings 15% Reducing Balance MethodComputer equipment 33% Reducing Balance Method

ZOE GLENCROSS LTD

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

Stock
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
Deferred Tax
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.

ZOE GLENCROSS LTD

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 5
2023 4
4. Principal Activity
Retail sale of Textiles

ZOE GLENCROSS LTD

Financial Statements for the period ending 30 April 2024

Notes to the Accounts

5. Fixed Assets
Land and buildings Fixtures and Fittings Computer Equipment Total
Cost or valuation £ £ £ £
At 01/05/2023 7,059 1,637 3,169 11,865
Additions - 974 1,820 2,794
At 30/04/2024 7,059 2,611 4,989 14,659
Depreciation
At 01/05/2023 784 1,637 2,324 4,745
Charge for the year 471 83 672 1,226
At 30/04/2024 1,255 1,720 2,996 5,971
Net Book Value
At 30/04/2024 5,804 891 1,993 8,688
At 30/04/2023 6,275 - 845 7,120