Registered number
02157882
ZIG ZAG (HAIR AND BODY) LIMITED
Filleted Accounts
31 July 2024
ZIG ZAG (HAIR AND BODY) LIMITED
Registered number: 02157882
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 97,650 108,500
Current assets
Investments held as current assets 4 73,730 79,844
Cash at bank and in hand 3,838 2,006
77,568 81,850
Creditors: amounts falling due within one year 5 (145,985) (161,174)
Net current liabilities (68,417) (79,324)
Total assets less current liabilities 29,233 29,176
Creditors: amounts falling due after more than one year 6 (25,610) (29,693)
Net assets/(liabilities) 3,623 (517)
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,523 (617)
Shareholders' funds 3,623 (517)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mehmet Yalcinkaya
Director
Approved by the board on 13 April 2025
ZIG ZAG (HAIR AND BODY) LIMITED
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Lease hold buildings over 10 years, reducing balance
Fixtures & Equipments 20% reducing balance
Stocks
Stocks are measured 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Unrelieved tax losses 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Right to use Assets Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 118,533 128,018 246,551
At 31 July 2024 118,533 128,018 246,551
Depreciation
At 1 August 2023 10,033 128,018 138,051
Charge for the year 10,850 - 10,850
At 31 July 2024 20,883 128,018 148,901
Net book value
At 31 July 2024 97,650 - 97,650
At 31 July 2023 108,500 - 108,500
4 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 73,730 79,844
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 571 15,743
Taxation and social security costs (1,573) (1,558)
Other creditors 146,987 146,989
145,985 161,174
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 25,610 29,693
7 Other information
ZIG ZAG (HAIR AND BODY) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
9 Melcombe Street
Marylebone
London
UK
NW1 6AE
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