IRIS Accounts Production v25.1.4.42 06990781 director 1.11.23 31.10.24 31.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069907812023-10-31069907812024-10-31069907812023-11-012024-10-31069907812022-10-30069907812022-10-312023-10-31069907812023-10-3106990781ns15:EnglandWales2023-11-012024-10-3106990781ns14:PoundSterling2023-11-012024-10-3106990781ns10:Director12023-11-012024-10-3106990781ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3106990781ns10:SmallEntities2023-11-012024-10-3106990781ns10:AuditExemptWithAccountantsReport2023-11-012024-10-3106990781ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3106990781ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3106990781ns10:FullAccounts2023-11-012024-10-310699078112023-11-012024-10-3106990781ns10:CompanySecretary12023-11-012024-10-3106990781ns10:RegisteredOffice2023-11-012024-10-3106990781ns5:CurrentFinancialInstruments2024-10-3106990781ns5:CurrentFinancialInstruments2023-10-3106990781ns5:ShareCapital2024-10-3106990781ns5:ShareCapital2023-10-3106990781ns5:RetainedEarningsAccumulatedLosses2024-10-3106990781ns5:RetainedEarningsAccumulatedLosses2023-10-3106990781ns5:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3106990781ns5:ComputerSoftware2023-11-012024-10-3106990781ns5:PlantMachinery2023-11-012024-10-3106990781ns5:IntangibleAssetsOtherThanGoodwill2023-10-3106990781ns5:IntangibleAssetsOtherThanGoodwill2024-10-3106990781ns5:IntangibleAssetsOtherThanGoodwill2023-10-3106990781ns5:PlantMachinery2023-10-3106990781ns5:PlantMachinery2024-10-3106990781ns5:PlantMachinery2023-10-3106990781ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3106990781ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3106990781ns5:WithinOneYear2024-10-3106990781ns5:WithinOneYear2023-10-3106990781ns5:BetweenOneFiveYears2024-10-3106990781ns5:BetweenOneFiveYears2023-10-3106990781ns5:AllPeriods2024-10-3106990781ns5:AllPeriods2023-10-31
REGISTERED NUMBER: 06990781 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Zone3 Ltd

Zone3 Ltd (Registered number: 06990781)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Zone3 Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: J Lock





SECRETARY: A Lock





REGISTERED OFFICE: 1 Tannery House
Tannery Lane
Send
Woking
GU23 7EF





REGISTERED NUMBER: 06990781 (England and Wales)





ACCOUNTANTS: JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Zone3 Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Zone3 Ltd for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Zone3 Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Zone3 Ltd and state those matters that we have agreed to state to the director of Zone3 Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zone3 Ltd and its director for our work or for this report.

It is your duty to ensure that Zone3 Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Zone3 Ltd. You consider that Zone3 Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Zone3 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA


22 July 2025

Zone3 Ltd (Registered number: 06990781)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,721 45,529
Tangible assets 5 47,451 77,639
58,172 123,168

CURRENT ASSETS
Stocks 3,397,076 4,311,379
Debtors 6 985,327 1,495,665
Cash at bank and in hand 3,357,016 8,302,496
7,739,419 14,109,540
CREDITORS
Amounts falling due within one year 7 1,777,689 1,681,802
NET CURRENT ASSETS 5,961,730 12,427,738
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,019,902

12,550,906

PROVISIONS FOR LIABILITIES 21,165 149,805
NET ASSETS 5,998,737 12,401,101

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,998,637 12,401,001
5,998,737 12,401,101

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Zone3 Ltd (Registered number: 06990781)

Balance Sheet - continued
31 October 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 15 July 2025 and were signed by:





J Lock - Director


Zone3 Ltd (Registered number: 06990781)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

Zone3 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 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.

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the normal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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 etc - 33% on cost and 20% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Zone3 Ltd (Registered number: 06990781)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments" of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financial transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade ad other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.


Zone3 Ltd (Registered number: 06990781)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Provisions
Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting period end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in the profit and loss in the period in which it arises.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 30 ) .

Zone3 Ltd (Registered number: 06990781)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023
and 31 October 2024 193,400
AMORTISATION
At 1 November 2023 147,871
Charge for year 34,808
At 31 October 2024 182,679
NET BOOK VALUE
At 31 October 2024 10,721
At 31 October 2023 45,529

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 201,144
Additions 22,280
Disposals (84,191 )
At 31 October 2024 139,233
DEPRECIATION
At 1 November 2023 123,505
Charge for year 36,874
Eliminated on disposal (68,597 )
At 31 October 2024 91,782
NET BOOK VALUE
At 31 October 2024 47,451
At 31 October 2023 77,639

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 901,318 1,149,710
Other debtors 84,009 345,955
985,327 1,495,665

Zone3 Ltd (Registered number: 06990781)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 1,417,284 1,257,256
Taxation and social security 260,805 367,386
Other creditors 99,600 57,160
1,777,689 1,681,802

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.24 31.10.23
£    £   
Within one year 41,463 40,000
Between one and five years 47,321 10,000
88,784 50,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the previous year, the director took out a loan from the company which incurred interest at a rate of 2.25%. At the previous reporting period end date, £228,777 was owed to the company and interest of £3,107 (2023: £4,313) was paid on this balance in the year by the director. The loan was repaid in full on 6 June 2024.