0 Zeus Clothing Co. Ltd 02611132 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is is that of a commissioned agent for clothing Digita Accounts Production Advanced 6.30.9574.0 true 02611132 2024-06-01 2025-05-31 02611132 2025-05-31 02611132 bus:OrdinaryShareClass1 2025-05-31 02611132 core:CurrentFinancialInstruments 2025-05-31 02611132 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 02611132 core:Non-currentFinancialInstruments 2025-05-31 02611132 core:Non-currentFinancialInstruments core:AfterOneYear 2025-05-31 02611132 core:FurnitureFittingsToolsEquipment 2025-05-31 02611132 1 2025-05-31 02611132 bus:SmallEntities 2024-06-01 2025-05-31 02611132 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 02611132 bus:FilletedAccounts 2024-06-01 2025-05-31 02611132 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 02611132 bus:RegisteredOffice 2024-06-01 2025-05-31 02611132 bus:Director1 2024-06-01 2025-05-31 02611132 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 02611132 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 02611132 bus:Agent1 2024-06-01 2025-05-31 02611132 core:FurnitureFittingsToolsEquipment 2024-06-01 2025-05-31 02611132 core:OtherRelatedParties 2024-06-01 2025-05-31 02611132 1 2024-06-01 2025-05-31 02611132 countries:England 2024-06-01 2025-05-31 02611132 2024-05-31 02611132 core:FurnitureFittingsToolsEquipment 2024-05-31 02611132 2023-06-01 2024-05-31 02611132 2024-05-31 02611132 bus:OrdinaryShareClass1 2024-05-31 02611132 core:CurrentFinancialInstruments 2024-05-31 02611132 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 02611132 core:Non-currentFinancialInstruments 2024-05-31 02611132 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 02611132 core:FurnitureFittingsToolsEquipment 2024-05-31 02611132 1 2024-05-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 02611132

Zeus Clothing Co. Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Zeus Clothing Co. Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Zeus Clothing Co. Ltd

Company Information

Director | S S Sheena

Registered office | 590 Green Lanes Palmers Green London N13 5RY

Accountants | Thomas Alexander & Co Ltd 590 Green Lanes Palmers Green London N13 5RY

Zeus Clothing Co. Ltd

(Registration number: 02611132)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 214 | 285
Current assets |  |  |
Debtors | 5 | - | 63
Cash at bank and in hand |  | 7,812 | 12,892
|  | 7,812 | 12,955
Creditors: Amounts falling due within one year | 6 | (9,065) | (6,868)
Net current (liabilities)/assets |  | (1,253) | 6,087
Total assets less current liabilities |  | (1,039) | 6,372
Creditors: Amounts falling due after more than one year | 6 | (702) | (5,670)
Net (liabilities)/assets |  | (1,741) | 702
Capital and reserves |  |  |
Called up share capital | 7 | 2 | 2
Retained earnings |  | (1,743) | 700
Shareholders' (deficit)/funds |  | (1,741) | 702

For the financial year ending 31 May 2025 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 accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 February 2026

......................................... S S Sheena Director

Zeus Clothing Co. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
590 Green Lanes
Palmers Green
London
N13 5RY

The principal place of business is:
103 Burkes Road
Beaconsfield
Bucks
HP9 1EP

These financial statements were authorised for issue by the director on 11 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Zeus Clothing Co. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Equipment | 25% Reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Zeus Clothing Co. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 1).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 June 2024 | 35,140 | 35,140
At 31 May 2025 | 35,140 | 35,140
Depreciation
At 1 June 2024 | 34,855 | 34,855
Charge for the year | 71 | 71
At 31 May 2025 | 34,926 | 34,926
Carrying amount
At 31 May 2025 | 214 | 214
At 31 May 2024 | 285 | 285

5 | Debtors

Zeus Clothing Co. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 8,215 | 5,821
Accruals and deferred income |  | 850 | 850
Other creditors |  | - | 197
|  | 9,065 | 6,868

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 702 | 5,670

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 2 | 2 | 2 | 2

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 702 | 5,670

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 5,580 | 5,580
Other borrowings | 2,635 | 241
| 8,215 | 5,821

Bank borrowings

Zeus Clothing Co. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Bounce back loan is denominated in Pounds sterling with a nominal interest rate of 2.5%, and the final instalment is due on 20 September 2026. The carrying amount at year end is £6,282 (2024 - £11,250).

9 | Related party transactions

Summary of transactions with other related parties

Included in other creditors is an amount of £2,635 (2024: £241) owed to the director.