Company registration number 12172624 (England and Wales)
ZOE TRIGWELL ACADEMY LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
ZOE TRIGWELL ACADEMY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
ZOE TRIGWELL ACADEMY LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
28 February 2025
29 February 2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
5,899
7,099
Tangible assets
4
42,981
153,598
48,880
160,697
Current assets
Stocks
236,379
444,341
Debtors
5
149,755
333,950
Cash at bank and in hand
350
78,036
386,484
856,327
Creditors: amounts falling due within one year
6
(149,036)
(290,855)
Net current assets
237,448
565,472
Total assets less current liabilities
286,328
726,169
Creditors: amounts falling due after more than one year
7
(564)
(2,238)
Provisions for liabilities
(9,650)
(38,499)
Net assets
276,114
685,432
Capital and reserves
Called up share capital
8
120
120
Profit and loss reserves
275,994
685,312
Total equity
276,114
685,432
For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 8 August 2025 and are signed on its behalf by:
Miss Z Trigwell
Director
Company registration number 12172624 (England and Wales)
ZOE TRIGWELL ACADEMY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 2 -
1
Accounting policies
Company information
Zoe Trigwell Academy Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 72-73 Springvale Inudstrial Estate, Cwmbran, Gwent, NP44 5BE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.
1.2
Reporting period
The reporting period covered by the previous financial statements is 18 months therefore these are not entirely comparable. The reporting period changed for commercial reasons.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for make up services and make up artist training 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.
1.4
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is ten years.
1.5
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Other intangible assets
not amortised
1.6
Tangible fixed assets
Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.
ZOE TRIGWELL ACADEMY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 3 -
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
Not depreciated
Fixtures and fittings
20% on cost
Computers
20% on cost
Motor vehicles
25% reducing balance
1.7
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
1.8
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet 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.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
1.9
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
ZOE TRIGWELL ACADEMY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.10
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
1.11
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
10
8
3
Intangible fixed assets
Goodwill
Other intangible assets
Total
£
£
£
Cost
At 1 March 2024 and 28 February 2025
12,000
399
12,399
Amortisation and impairment
At 1 March 2024
5,300
5,300
Amortisation charged for the year
1,200
1,200
At 28 February 2025
6,500
6,500
Carrying amount
At 28 February 2025
5,500
399
5,899
At 29 February 2024
6,700
399
7,099
ZOE TRIGWELL ACADEMY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 5 -
4
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 March 2024
20,471
12,154
138,880
171,505
Additions
6,348
838
1,316
8,502
Disposals
(111,880)
(111,880)
At 28 February 2025
6,348
21,309
13,470
27,000
68,127
Depreciation and impairment
At 1 March 2024
4,589
1,906
11,412
17,907
Depreciation charged in the year
4,249
2,589
25,166
32,004
Eliminated in respect of disposals
(24,765)
(24,765)
At 28 February 2025
8,838
4,495
11,813
25,146
Carrying amount
At 28 February 2025
6,348
12,471
8,975
15,187
42,981
At 29 February 2024
15,882
10,248
127,468
153,598
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
28,873
116,380
Corporation tax recoverable
11,750
Other debtors
109,132
217,570
149,755
333,950
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
57,539
1,600
Trade creditors
6,587
23,762
Corporation tax
206,720
Other taxation and social security
13,866
52,730
Other creditors
71,044
6,043
149,036
290,855
ZOE TRIGWELL ACADEMY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 6 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
564
2,238
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
114
114
114
114
Ordinary B of £1 each
3
3
3
3
Ordinary C of £1 each
3
3
3
3
120
120
120
120
9
Operating lease commitments
As lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2025
2024
£
£
Total commitments
40,765
86,296
10
Directors' transactions
Dividends totalling £77,500 (2024 - £126,929) were paid in the year in respect of shares held by the company's directors.
Advances or credits have been granted by the company to its directors as follows:
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Directors
2.25
18,841
50,705
211
(101,396)
(31,639)
18,841
50,705
211
(101,396)
(31,639)