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REGISTERED NUMBER: 09062595 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

Z & F INTERIORS LIMITED

Z & F INTERIORS LIMITED (REGISTERED NUMBER: 09062595)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Z & F INTERIORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr S Scott





SECRETARY: Mrs L A Scott





REGISTERED OFFICE: Unit 3A
Sandars Road
Heapham Road Industrial Estate
GAINSBOROUGH
Lincolnshire
DN21 1RZ





REGISTERED NUMBER: 09062595 (England and Wales)





ACCOUNTANTS: Shucksmith Accountants (Gainsborough) Limited
Orion House
28A Spital Terrace
GAINSBOROUGH
Lincolnshire
DN21 2HQ

Z & F INTERIORS LIMITED (REGISTERED NUMBER: 09062595)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,660 10,984

CURRENT ASSETS
Stocks 2,500 5,000
Debtors 5 59,895 27,550
Cash at bank 29,507 8,200
91,902 40,750
CREDITORS
Amounts falling due within one year 6 90,232 63,651
NET CURRENT ASSETS/(LIABILITIES) 1,670 (22,901 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,330

(11,917

)

CREDITORS
Amounts falling due after more than one
year

7

(3,900

)

(7,500

)

PROVISIONS FOR LIABILITIES 9 (921 ) -
NET ASSETS/(LIABILITIES) 5,509 (19,417 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 5,409 (19,517 )
SHAREHOLDERS' FUNDS 5,509 (19,417 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Z & F INTERIORS LIMITED (REGISTERED NUMBER: 09062595)

BALANCE SHEET - continued
31 MAY 2024


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 director and authorised for issue on 26 February 2025 and were signed by:





Mr S Scott - Director


Z & F INTERIORS LIMITED (REGISTERED NUMBER: 09062595)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Z & F Interiors Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 balance sheet date.

Deferred tax
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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Z & F INTERIORS LIMITED (REGISTERED NUMBER: 09062595)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Going concern
At 31 May 2023 the company had a net deficit of liabilities over assets of £19,417 and was technically insolvent. The company was reliant upon the financial support of its director and bankers during the year ended 31 May 2024 until there was a surplus of assets over liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 8,990 15,295 1,140 25,425
DEPRECIATION
At 1 June 2023 4,780 8,843 818 14,441
Charge for year 630 1,613 81 2,324
At 31 May 2024 5,410 10,456 899 16,765
NET BOOK VALUE
At 31 May 2024 3,580 4,839 241 8,660
At 31 May 2023 4,210 6,452 322 10,984

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 58,601 27,222
Prepayments and accrued income 1,294 328
59,895 27,550

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 3,600 3,600
Trade creditors 13,439 3,847
Social security and other taxes 3,261 1,416
VAT 9,828 6,428
Other creditors 4,098 3,598
Directors' current accounts 36,935 43,250
Accruals and deferred income 19,071 1,512
90,232 63,651

Z & F INTERIORS LIMITED (REGISTERED NUMBER: 09062595)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 3,600 3,600
Bank loans - 2-5 years 300 3,900
3,900 7,500

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.24 31.5.23
£    £   
Within one year 12,876 12,876

9. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 921 -

Deferred
tax
£   
Accelerated capital allowances 1,645
Tax losses (724 )
Balance at 31 May 2024 921

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 June 2023 (19,517 )
Profit for the year 25,926
Dividends (1,000 )
At 31 May 2024 5,409

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director, Mr S Scott, charged the company £312 (2023 - £312) for use of home as office.

Mr S Scott also charged the company £40,000 (2023 - £31,500) for providing sub-contract labour.

Z & F INTERIORS LIMITED (REGISTERED NUMBER: 09062595)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

13. RELATED PARTY DISCLOSURES

At 31 May 2024 there was a balance owing to the director, Mr S Scott, of £36,935 (2023 - £43,250). This balance has been shown in Creditors.

14. ULTIMATE CONTROLLING PARTY

The ultimate control of the company lies with the director and 50% shareholders, Mr J S Scott and Mrs L Scott.