ZAVVIGROUP LTD

Company Registration Number:
14853796 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 8 May 2023

End date: 31 October 2024

ZAVVIGROUP LTD

Contents of the Financial Statements

for the Period Ended 31 October 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ZAVVIGROUP LTD

Directors' report period ended 31 October 2024

The directors present their report with the financial statements of the company for the period ended 31 October 2024

Principal activities of the company

The principal activity of the company in the period under review was the D2C retail sale of physical Film and TV media, and related Pop Culture Collectibles and other merchandise product. The company manufactures some of product sold through an in-house print on demand facility, partnering with key global licensors for production and retail rights across merchandise and apparel categories. With D2C sales being driven primarily through the company owned Zavvi and IWantoneofthose ecommerce stores, aswell as B2B partnerships and marketplaces.



Directors

The directors shown below have held office during the whole of the period from
8 May 2023 to 31 October 2024

Joseph Stephen Anderton
Adam Robert Knappy
Leigh Amery


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
7 February 2025

And signed on behalf of the board by:
Name: Leigh Amery
Status: Director

ZAVVIGROUP LTD

Profit And Loss Account

for the Period Ended 31 October 2024

18 months to 31 October 2024


£
Turnover: 21,195,411
Cost of sales: ( 12,114,996 )
Gross profit(or loss): 9,080,415
Distribution costs: ( 3,240,538 )
Administrative expenses: ( 6,851,531 )
Other operating income: 5,000
Operating profit(or loss): (1,006,654)
Interest payable and similar charges: ( 888,541 )
Profit(or loss) before tax: (1,895,195)
Profit(or loss) for the financial year: (1,895,195)

ZAVVIGROUP LTD

Balance sheet

As at 31 October 2024

Notes 18 months to 31 October 2024


£
Called up share capital not paid: 100
Fixed assets
Intangible assets: 3 69,647
Tangible assets: 4 3,044,726
Total fixed assets: 3,114,373
Current assets
Stocks: 5 13,271,724
Debtors: 6 948,281
Cash at bank and in hand: 571,093
Total current assets: 14,791,098
Prepayments and accrued income: 735,334
Creditors: amounts falling due within one year: 7 ( 6,184,266 )
Net current assets (liabilities): 9,342,166
Total assets less current liabilities: 12,456,639
Creditors: amounts falling due after more than one year: 8 ( 4,128,587 )
Accruals and deferred income: ( 612,425 )
Total net assets (liabilities): 7,715,627
Capital and reserves
Called up share capital: 100
Other reserves: 9,610,722
Profit and loss account: (1,895,195 )
Total Shareholders' funds: 7,715,627

The notes form part of these financial statements

ZAVVIGROUP LTD

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 7 February 2025
and signed on behalf of the board by:

Name: Leigh Amery
Status: Director

The notes form part of these financial statements

ZAVVIGROUP LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue represents value of goods supplied, less discounts given and is recognised when goods are delivered, when title has passed. Revenue excludes value added tax (VAT) and similar sales-related taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write of each asset over its estimated useful life. Computer equipment, straight line over 3 years Plant and machinery, straight line over 5 years Office equipment, straight line over 4 years Leasehold improvements, straight line over 10 years

    Intangible fixed assets amortisation policy

    Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated depreciation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed 10 years. The estimated useful life ranges as follows: Software Development, straight line over 10 years

    Valuation information and policy

    Stocks Stocks are stated at the lower of cost and net realisable value. Net realisable value is based on estimated selling prices less further costs to be incurred to disposal. Cost is calculated using the AVCO method. Provision is made for the markdown of obsolete stock. Stocks are recognised as an expense in the period in which the revenue is recognised. Cash at Bank and in hand Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of 3 months or less, and bank overdrafts.

    Other accounting policies

    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 balance sheet. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have ben 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 possible that they will be recovered against the reversal of deferred tax liabilities and other future taxable profits. Foreign Currencies Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. Hire Purchase and Lease Agreements Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. Pensions costs and other post-retirement benefits The company operates a defined contribution scheme. Contributions payable to the companies pension scheme are charged to profit or loss in the period to which they relate.

ZAVVIGROUP LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    18 months to 31 October 2024
    Average number of employees during the period 62

ZAVVIGROUP LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
Additions 74,702 74,702
Disposals
Revaluations
Transfers
At 31 October 2024 74,702 74,702
Amortisation
Charge for year 5,055 5,055
On disposals
Other adjustments
At 31 October 2024 5,055 5,055
Net book value
At 31 October 2024 69,647 69,647

ZAVVIGROUP LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 693,185 3,270,810 28,799 3,992,794
Disposals
Revaluations
Transfers
At 31 October 2024 693,185 3,270,810 28,799 3,992,794
Depreciation
Charge for year 76,489 864,380 7,199 948,068
On disposals
Other adjustments
At 31 October 2024 76,489 864,380 7,199 948,068
Net book value
At 31 October 2024 616,696 2,406,430 21,600 3,044,726

ZAVVIGROUP LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Stocks

18 months to 31 October 2024
£
Stocks 13,271,724
Total 13,271,724

ZAVVIGROUP LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

6. Debtors

18 months to 31 October 2024
£
Trade debtors 948,281
Total 948,281

ZAVVIGROUP LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

7. Creditors: amounts falling due within one year note

18 months to 31 October 2024
£
Trade creditors 4,842,860
Taxation and social security 57,237
Other creditors 1,284,169
Total 6,184,266

ZAVVIGROUP LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

8. Creditors: amounts falling due after more than one year note

18 months to 31 October 2024
£
Bank loans and overdrafts 1,950,000
Amounts due under finance leases and hire purchase contracts 1,948,587
Other creditors 230,000
Total 4,128,587