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REGISTERED NUMBER: 08492910 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ZFX BIRMINGHAM LTD

ZFX BIRMINGHAM LTD (REGISTERED NUMBER: 08492910)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ZFX BIRMINGHAM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: R P Otto
G S Halligan





REGISTERED OFFICE: 127 Coombs Road
Halesowen
West Midlands
B62 8AF





REGISTERED NUMBER: 08492910 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

ZFX BIRMINGHAM LTD (REGISTERED NUMBER: 08492910)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 396,372 310,012

CURRENT ASSETS
Stocks 29,975 19,000
Debtors 5 162,374 210,173
Cash at bank and in hand 99,780 128,110
292,129 357,283
CREDITORS
Amounts falling due within one year 6 117,939 118,059
NET CURRENT ASSETS 174,190 239,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

570,562

549,236

CREDITORS
Amounts falling due after more than one
year

7

(44,497

)

-

PROVISIONS FOR LIABILITIES 8 (95,143 ) (72,797 )
NET ASSETS 430,922 476,439

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 430,918 476,435
SHAREHOLDERS' FUNDS 430,922 476,439

ZFX BIRMINGHAM LTD (REGISTERED NUMBER: 08492910)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 27 January 2025 and were signed on its behalf by:





R P Otto - Director


ZFX BIRMINGHAM LTD (REGISTERED NUMBER: 08492910)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

ZFX Birmingham 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparation of 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
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Plant and equipment - 15% per annum reducing balance basis.

Motor vehicles - 25% per annum reducing balance basis.

Fixtures,fittings and office equipment - 15% per annum reducing balance basis.

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

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 statement of financial position date.

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign exchange
Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction.

ZFX BIRMINGHAM LTD (REGISTERED NUMBER: 08492910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives.Assets acquired under hire purchase contracts are depreciated over their useful lives.Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company.Obligations under such agreements are included in creditors net of the finance charge allocated to future periods.The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
Plant and office Motor
equipment equipment vehicles Totals
£    £    £    £   
COST
At 1 May 2023 439,414 43,833 2,399 485,646
Additions 33,956 10,659 104,948 149,563
At 30 April 2024 473,370 54,492 107,347 635,209
DEPRECIATION
At 1 May 2023 151,272 24,012 350 175,634
Charge for year 47,252 3,663 12,288 63,203
At 30 April 2024 198,524 27,675 12,638 238,837
NET BOOK VALUE
At 30 April 2024 274,846 26,817 94,709 396,372
At 30 April 2023 288,142 19,821 2,049 310,012

5. DEBTORS
2024 2023
£    £   
Trade debtors 147,091 203,940
Other debtors 15,283 6,233
162,374 210,173

ZFX BIRMINGHAM LTD (REGISTERED NUMBER: 08492910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 17,224 -
Trade creditors 72,913 77,204
Taxation and social security 3,493 18,907
Other creditors 24,309 21,948
117,939 118,059

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 44,497 -

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 95,143 72,797

Deferred
tax
£   
Balance at 1 May 2023 72,797
Provided during year 22,346
Balance at 30 April 2024 95,143