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ZERO21 BRANDS LIMITED
Company Registration Number: 11381422
Unaudited Financial Statements
For the year ended 31 December 2024

ZERO21 BRANDS LIMITED
Company Registration Number: 11381422
Unaudited Financial Statements
For the year ended 31 December 2024
Contents | Page

ZERO21 BRANDS LIMITED
Company Registration Number: 11381422
Company Information
Directors'
Andrew Flack
Registered office
24 Castle Street
Hertford
Hertfordshire
SG14 1HP
Registered number
11381422
Country of formation or incorporation
United Kingdom
Principal Activities
Wholesale and retail sale of clothing, apparel and accessories.

ZERO21 BRANDS LIMITED
Company Registration Number: 11381422
Statement of Financial Position
As at 31 December 2024
|  | 2024 | 2023
|  | £ | £
Tangible fixed assets |  | 127,235 | 17,379
Financial assets (Investments) |  | 86 | 86
Total fixed assets |  | 127,321 | 17,465
Inventories (Stock) |  | 4,739,487 | 4,857,704
Debtors |  | 1,729,797 | 1,781,609
Cash at bank and in hand |  | 350,250 | 301,085
Total current assets |  | 6,819,534 | 6,940,398
Creditors - amounts falling due within one year |  | (8,713,156) | (8,009,644)
Net current assets |  | (1,893,622) | (1,069,246)
Total assets less current liabilities |  | (1,766,301) | (1,051,781)
Creditors - amounts falling due after more than one year |  | (4,167) | (14,167)
Net assets |  | (1,770,468) | (1,065,948)
Called-up share capital |  | 99 | 99
Profit and Loss account |  | (1,770,567) | (1,066,047)
Total shareholders funds |  | (1,770,468) | (1,065,948)
For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
On behalf of the board :
This report was approved and signed on behalf of the Board on:02 December 2025
Name : Andrew Flack
Status : Director

ZERO21 BRANDS LIMITED
Company Registration Number: 11381422
Notes
For the year ended 31 December 2024
1. General Information
    ZERO21 BRANDS LIMITED is a Private Limited Company, Limited By shares, registered in United Kingdom, registration number 11381422
    24 Castle Street
    Hertford
    Hertfordshire
    SG14 1HP
2. Statement of Compliance
    FRS 102(1A) - The financial statements have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
    These financial statements have been prepared in accordance with FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS102") 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 FRS102 have been applied other than where additional disclosures are required to show a true and fair view.
Presentation currency
    The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.
Additional information
    The financial statements have been prepared under the historical cost convention. The principal accounting policies are set out below.

    Going concern
    The company is dependent upon the continued financial support of a company under the control of the director. There are no reasons to suggest that this support will not continue for the foreseeable future and as a result the director considers that the financial statements should be prepared on the going concern basis.

    Turnover
    Turnover is recognised at the fair value of the consideration 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 and settlement discounts.

    Tangible fixed assets and depreciation
    Tangible fixed assets are initially measured at cost net of any depreciation or impairment losses.

    Depreciation is provided at rates calculated to write off the cost less estimated residual  value of each asset over its estimated useful life as follows:

    Computer and website costs - 3 years straight line
    Leasehold improvements - 5 years straight line
    Office equipment - 25% reducing balance

    The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to  the profit and loss.

    Stock
    Stock is stated at the lower of cost and estimated selling price lest costs to 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.

    Cash at bank and in hand
    Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within current liabilities.

    Basic financial assets
    Basic financial assets, which include 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 financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets receivable within one year are not amortised.

    Basic financial liabilities
    Basic financial liabilities, including creditors and bank loans, 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. Financial liabilities classified as payable within one year are not amortised.

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

    Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently carried at amortised cost using the effective interest method.
|  | 2024 | 2023
4. Employees
    Average number of employees including directors during the period
|  | 11 | 6
5. Tangible fixed assets
| Land and buildings | Plant and Machinery | Furniture and fittings | Office Equipment | Motor Vehicles | Total
Cost | £ | £ | £ | £ | £ | £
At 01 Jan 2024 | 6,250 | 0 | 61,663 | 0 | 0 | 67,913
Additions | 106,566 | 0 | 22,515 | 0 | 0 | 129,081
Disposals | 6,250 | 0 | 0 | 0 | 0 | 6,250
At 31 Dec 2024 | 106,566 | 0 | 84,178 | 0 | 0 | 190,744
Depreciation |  |  |  |  |  |
At 01 Jan 2024 | 5,000 | 0 | 45,534 | 0 | 0 | 50,534
Charge for year | 6,266 | 0 | 12,647 | 0 | 0 | 18,913
Disposals | 5,938 | 0 | 0 | 0 | 0 | 5,938
At 31 December 2024 | 5,328 | 0 | 58,181 | 0 | 0 | 63,509
Net book value |  |  |  |  |  |
At 31 Dec 2024 | 101,238 | 0 | 25,997 | 0 | 0 | 127,235
At 31 Dec 2023 | 1,250 | 0 | 16,129 | 0 | 0 | 17,379
|  | 2024 |
|  | £ |
6. Financial assets (Fixed asset investments)
Item Description
Investment in subsidiary undertaking |  | 86
Total |  | 86
|  | 2024 | 2023
|  | £ | £
7. Debtors
Trade debtors |  | 1,085,933 | 940,943
Other debtors |  | 643,864 | 840,666
Total |  | 1,729,797 | 1,781,609
|  | 2024 | 2023
|  | £ | £
8. Creditors - within one year
Bank loans and overdrafts |  | 10,000 | 10,000
Trade creditors |  | 1,400,446 | 2,231,840
Taxation and social security |  | 129,229 | 113,430
Other creditors |  | 7,173,481 | 5,654,374
Total |  | 8,713,156 | 8,009,644
|  | 2024 | 2023
|  | £ | £
9. Creditors - More than one year
Bank loans and overdrafts |  | 4,167 | 14,167
Total |  | 4,167 | 14,167
10. Share capital
Item Description | Share class | 2024 | 2023
    99 shares of £1 each
| Ordinary | 99 | 99
Total: |  | 99 | 99
11. Transactions with Directors
Additional information
    Included within other debtors is £6,678 (31/12/23: £6,767) owed by the director.