Zhu Limited 30/09/2024 iXBRL

Company registration number: SC486140

Zhu Limited

Unaudited filleted financial statements

30 September 2024

Zhu Limited

Statement of financial position

30 September 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	1,641		2,475
		_______		_______
			1,641		2,475

Current assets
Stocks		43,000		400,000
Debtors	7	4,521		7,875
Cash at bank and in hand		24		3,315
		_______		_______
		47,545		411,190
Creditors: amounts falling due
within one year	8	( 672,468)		( 623,168)
		_______		_______
Net current liabilities			( 624,923)		( 211,978)
			_______		_______
Total assets less current liabilities			( 623,282)		( 209,503)

Creditors: amounts falling due
after more than one year	9		( 6,667)		( 16,667)
			_______		_______
Net liabilities			( 629,949)		( 226,170)
			_______		_______

Capital and reserves
Called up share capital	10		100		100
Profit and loss account			( 630,049)		( 226,270)
			_______		_______
Shareholders deficit			( 629,949)		( 226,170)
			_______		_______

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have 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 their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mr Bryan Jackson

Director

Company registration number: SC486140

Zhu Limited

Notes to the financial statements

Year ended 30 September 2024

1. General information

The company is a private company limited by shares, registered in Scotland ( SC486140 ). The address of the registered office is 41 Charlotte Sqaure, Edinburgh, EH2 4HQ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

The financial statements relate to the individual entity only and the level of rounding is to the nearest £1.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

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

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Combined other intangible assets	-	5 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Leasehold improvements	-	5 years straight line
Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets .

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.Cash at bank and in hand includes cash and short term highly liquid investments.Creditors are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due .

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 4 ).

5. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1 October 2023 and 30 September 2024	13,984	13,984
	_______	_______
Amortisation
At 1 October 2023 and 30 September 2024	13,984	13,984
	_______	_______
Carrying amount
At 30 September 2024	-	-
	_______	_______
At 30 September 2023	-	-
	_______	_______

6. Tangible assets

	Tenants improvements	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 October 2023	12,217	15,244	1,500	28,961
Disposals	( 12,217)	( 2,358)	-	( 14,575)
	_______	_______	_______	_______
At 30 September 2024	-	12,886	1,500	14,386
	_______	_______	_______	_______
Depreciation
At 1 October 2023	12,217	13,021	1,248	26,486
Charge for the year	-	555	50	605
Disposals	( 12,217)	( 2,129)	-	( 14,346)
	_______	_______	_______	_______
At 30 September 2024	-	11,447	1,298	12,745
	_______	_______	_______	_______
Carrying amount
At 30 September 2024	-	1,439	202	1,641
	_______	_______	_______	_______
At 30 September 2023	-	2,223	252	2,475
	_______	_______	_______	_______

7. Debtors

	2024	2023
	£	£
Trade debtors	2,391	3,167
Other debtors	2,130	4,708
	_______	_______
	4,521	7,875
	_______	_______

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	38,942	10,000
Trade creditors	10,711	32,872
Social security and other taxes	59,415	37,071
Other creditors	563,400	543,225
	_______	_______
	672,468	623,168
	_______	_______

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	6,667	16,667
	_______	_______

10. Called up share capital

Issued, called up and fully paid

	2024		2023
	No	£	No	£
Ordinary shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

11. Related party transactions

Included within creditors is an amount owed to Salonology Ltd, a connected company, of £351,385 (2023: £260,822). This loan is interest free and repayable on demand.