ZLC London Limited
Unaudited Financial Statements
For the year ended 30 April 2025
Pages for Filing with Registrar
Company Registration No. 08597980 (England and Wales)
ZLC London Limited
Company Information
Directors
L Paskin
Z Paskin
Company number
08597980
Registered office
6th Floor
9 Appold Street
London
EC2A 2AP
Accountants
Moore Kingston Smith LLP
4 Victoria Square
St Albans
Hertfordshire
AL1 3TF
ZLC London Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
ZLC London Limited
Balance Sheet
As at 30 April 2025
30 April 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
497,160
625,739
Current assets
Stock
21,191
26,315
Debtors
4
151,231
155,366
Cash at bank and in hand
129,105
106,495
301,527
288,176
Creditors: amounts falling due within one year
5
(963,178)
(938,345)
Net current liabilities
(661,651)
(650,169)
Total assets less current liabilities
(164,491)
(24,430)
Creditors: amounts falling due after more than one year
6
(114,722)
(203,889)
Net liabilities
(279,213)
(228,319)
Capital and reserves
Called up share capital
7
50
50
Capital redemption reserve
50
50
Profit and loss reserves
(279,313)
(228,419)
Total equity
(279,213)
(228,319)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ZLC London Limited
Balance Sheet (Continued)
As at 30 April 2025
30 April 2025
Page 2
The financial statements were approved by the board of directors and authorised for issue on 26 January 2026 and are signed on its behalf by:
Z Paskin
Director
Company Registration No. 08597980
ZLC London Limited
Notes to the Financial Statements
For the year ended 30 April 2025
Page 3
1
Accounting policies
Company information

ZLC London Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with section 1A of 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts 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
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services 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 discounts.

1.4
Tangible fixed assets

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

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:

Land and buildings leasehold
15 years straight line
Plant and machinery
33% reducing balance
Fixtures, fittings & equipment
33% 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 profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

ZLC London Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
1
Accounting policies
(Continued)
Page 4
1.6
Stock

Stock 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 stock to their present location and condition.

Stock 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.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic financial instruments measured at fair value.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the 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.

1.10
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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. 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.

ZLC London Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
1
Accounting policies
(Continued)
Page 5
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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 except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
28
24
Total
28
24
ZLC London Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
Page 6
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 May 2024
960,628
545,306
1,505,934
Additions
4,800
31,236
36,036
At 30 April 2025
965,428
576,542
1,541,970
Depreciation and impairment
At 1 May 2024
470,232
409,963
880,195
Depreciation charged in the year
115,168
49,447
164,615
At 30 April 2025
585,400
459,410
1,044,810
Carrying amount
At 30 April 2025
380,028
117,132
497,160
At 30 April 2024
490,396
135,343
625,739

The net book value of other tangible fixed assets includes £42,825 (2024: £78,065) in respect of assets held under finance leases and hire purchase agreements. The depreciation charge in respect of such assets amounted to £18,357 (2024: £8,987).

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
8,414
9,998
Other debtors
29,989
41,818
Prepayments and accrued income
75,813
78,500
114,216
130,316
ZLC London Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
4
Debtors
(Continued)
Page 7
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
37,015
25,050
Total debtors
151,231
155,366
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
89,167
89,167
Trade creditors
299,238
179,372
Taxation and social security
193,062
169,779
Other creditors
198,374
342,283
Accruals and deferred income
183,337
157,744
963,178
938,345

The bank loan is secured by fixed and floating charges over the company's property.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
114,722
203,889

The long-term loans are secured by fixed and floating charges over the company's leasehold property.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Type A of 1p each
3,750
3,750
37
37
Ordinary Type B of 1p each
1,250
1,250
13
13
5,000
5,000
50
50
ZLC London Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
Page 8
8
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Within one year
130,000
130,000
Between two and five years
443,781
520,000
In over five years
-
53,781
573,781
703,781
9
Related party transactions

At the year end, ZLC London Limited had the following transactions with entities in which shareholders and/or directors had beneficial interests:

Amounts due from such entities: £Nil (2024: £Nil).

Amounts due to such entities: £192,541 (2024: £267,377).

At the year end £6,203 (202 4: £25,948) was owed by the directors to the company.

10
Control

In the opinion of the directors there is no one controlling party.

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