Zen Experiential Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08023298 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

ZEN EXPERIENTIAL LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G D Gronow

REGISTERED OFFICE:

4 Beaufort West

Bath

BA1 6QB

REGISTERED NUMBER:

08023298 (England and Wales)

ACCOUNTANTS:

Graham Barber Accountancy Limited

4 Beaufort West

Bath

BA1 6QB

BANKERS:

Santander

Customer Service Centre

Bootle

L30 4GB

FIXED ASSETS

Tangible assets

4

5,037

10,245

CURRENT ASSETS

Stocks

18,135

62,600

Debtors

41,887

24,705

Cash at bank

3,306

8,165

63,328

95,470

CREDITORS

Amounts falling due within one year

(74,070

)

(108,162

)

NET CURRENT LIABILITIES

(10,742

)

(12,692

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,705

)

(2,447

)

PROVISIONS FOR LIABILITIES

(960

)

(1,950

)

NET LIABILITIES

(6,665

)

(4,397

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(6,765

)

(4,497

)

(6,665

)

(4,397

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 March 2021 and were signed by:

G D Gronow - Director

1.	STATUTORY INFORMATION

Zen Experiential 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.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost, 25% on cost and 20% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2019

31,692

Additions

1,090

At 31 March 2020

32,782

DEPRECIATION

At 1 April 2019

21,447

Charge for year

3,098

Eliminated on disposal

3,200

At 31 March 2020

27,745

NET BOOK VALUE

At 31 March 2020

5,037

At 31 March 2019

10,245

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2020 and 31 March 2019:

2020

2019

£

£

G D Gronow

Balance outstanding at start of year

(16,636

)

64,087

Amounts advanced

64,602

42,898

Amounts repaid

(34,221

)

(123,621

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,745

(16,636

)