REGISTERED NUMBER: 08426423 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Zest Contemporary Gifts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs J Hunnam

REGISTERED OFFICE:

Zest Contemporary Gifts Limited

Fernbank Shopping Centre

Crowborough

TN6 2QY

REGISTERED NUMBER:

08426423 (England and Wales)

ACCOUNTANTS:

Always Accounting Limited

Office 1 Monkhurst House

Sandy Cross Lane

Heathfield

East Sussex

TN21 8QR

FIXED ASSETS

Intangible assets

4

2,161

2,670

Tangible assets

5

2,909

320

5,070

2,990

CURRENT ASSETS

Stocks

6

190,629

179,028

Debtors

7

16,119

14,394

Cash at bank and in hand

83,401

93,608

290,149

287,030

CREDITORS

Amounts falling due within one year

8

58,742

48,117

NET CURRENT ASSETS

231,407

238,913

TOTAL ASSETS LESS CURRENT LIABILITIES

236,477

241,903

PROVISIONS FOR LIABILITIES

716

144

NET ASSETS

235,761

241,759

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

235,759

241,757

235,761

241,759

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 4 December 2025 and were signed by:

Mrs J Hunnam - Director

1.	STATUTORY INFORMATION

Zest Contemporary Gifts Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

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.

Intellectual property are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Straight line over 5 years

Fixtures and fittings

-

Straight line over 5 years

Computer equipment

-

Straight line over 5 years

Stocks

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

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Intellectual

Goodwill

property

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

20,000

5,090

25,090

AMORTISATION

At 1 April 2024

20,000

2,420

22,420

Amortisation for year

-

509

509

At 31 March 2025

20,000

2,929

22,929

NET BOOK VALUE

At 31 March 2025

-

2,161

2,161

At 31 March 2024

-

2,670

2,670

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

978

8,876

7,918

17,772

Additions

-

-

3,408

3,408

At 31 March 2025

978

8,876

11,326

21,180

DEPRECIATION

At 1 April 2024

978

8,556

7,918

17,452

Charge for year

-

137

682

819

At 31 March 2025

978

8,693

8,600

18,271

NET BOOK VALUE

At 31 March 2025

-

183

2,726

2,909

At 31 March 2024

-

320

-

320

6.

STOCKS

31.3.25

31.3.24

£

£

Stocks

190,629

179,028

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

6,317

6,021

Prepayments

9,802

8,373

16,119

14,394

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

24,718

22,452

Tax

8,895

6,485

Social security and other taxes

5,324

4,774

Pensions creditor

553

494

VAT

10,345

8,668

Other creditors

7,263

5,110

Directors' current accounts

1,134

134

Accrued expenses

510

-

58,742

48,117

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the start of the year the director and shareholder, Mrs J Hunnam was owed £134 (2024: £2,357). During the year the director paid expenses on behalf of the company of £1,217 (2024: £956) was repaid £217 (2024: £3,179) leaving £1,134 (2024: £134) owing at the balance sheet date. No amounts were waived or written off in the year. There are no terms attached to this loan.