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Company Registration No. 09652810 (England and Wales)
ZINC RETAIL LTD Unaudited accounts for the year ended 31 December 2024
ZINC RETAIL LTD Unaudited accounts Contents
Page
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ZINC RETAIL LTD Company Information for the year ended 31 December 2024
Directors
R Bosley M Boulton A Robins C M Vass
Company Number
09652810 (England and Wales)
Registered Office
14-15 Triangle South Clifton Bristol BS8 1EY
Accountants
FARQUHAR PARTNERSHIP LIMITED 151 WHITELADIES ROAD CLIFTON BRISTOL BS8 2RA
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ZINC RETAIL LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
694 
Current assets
Inventories
13,788 
15,216 
Debtors
11,528 
6,646 
Cash at bank and in hand
18,131 
21,132 
43,447 
42,994 
Creditors: amounts falling due within one year
(3,378)
(2,928)
Net current assets
40,069 
40,066 
Total assets less current liabilities
40,069 
40,760 
Provisions for liabilities
Deferred tax
- 
(132)
Net assets
40,069 
40,628 
Capital and reserves
Called up share capital
900 
900 
Profit and loss account
39,169 
39,728 
Shareholders' funds
40,069 
40,628 
For the year ending 31 December 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 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 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 of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by
M Boulton Director Company Registration No. 09652810
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ZINC RETAIL LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
ZINC RETAIL LTD is a private company, limited by shares, registered in England and Wales, registration number 09652810. The registered office is 14-15 Triangle South , Clifton , Bristol, BS8 1EY.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Computer equipment
33.33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Deferred taxation
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.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Other operating income
Other operating income comprises management charges receivable.
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ZINC RETAIL LTD Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2024
4,457 
At 31 December 2024
4,457 
Depreciation
At 1 January 2024
3,763 
Charge for the year
694 
At 31 December 2024
4,457 
Net book value
At 31 December 2024
- 
At 31 December 2023
694 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
13,788 
15,216 
13,788 
15,216 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,476 
3,160 
Accrued income and prepayments
714 
3,486 
Other debtors
1,338 
- 
11,528 
6,646 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,382 
164 
Taxes and social security
1 
774 
Accruals
1,995 
1,990 
3,378 
2,928 
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ZINC RETAIL LTD Notes to the Accounts for the year ended 31 December 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
- 
132 
2024 
2023 
£ 
£ 
Provision at start of year
132 
291 
Credited to the profit and loss account
(132)
(159)
Provision at end of year
- 
132 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
900 Ordinary shares of £1 each
900 
900 
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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