ZERO21 BRANDS LIMITED

ZERO21 BRANDS LIMITED

ZERO21 BRANDS LIMITED - Company Information

Print Friendly Version

ZERO21 BRANDS LIMITED

Company Registration Number:
11381422 (England and Wales)

Unaudited abridged accounts for the year ended 30 December 2019

Period of accounts

Start date: 01 January 2019

End date: 30 December 2019

ZERO21 BRANDS LIMITED

Contents of the Financial Statements

for the Period Ended 30 December 2019

Balance sheet
Notes

ZERO21 BRANDS LIMITED

Balance sheet

As at 30 December 2019


Notes
2019
7 months to 31 December 2018


£
£
Fixed assets
Tangible assets: 3 2,333 0
Total fixed assets: 2,333 0
Current assets
Stocks: 612,750 103,884
Debtors:   217,724 34,392
Cash at bank and in hand: 16,878 0
Total current assets: 847,352 138,276
Creditors: amounts falling due within one year:   (1,301,909) (238,772)
Net current assets (liabilities): (454,557) (100,496)
Total assets less current liabilities: (452,224) (100,496)
Total net assets (liabilities): (452,224) (100,496)
Capital and reserves
Called up share capital: 99 99
Profit and loss account: (452,323) (100,595)
Shareholders funds: (452,224) (100,496)

The notes form part of these financial statements

ZERO21 BRANDS LIMITED

Balance sheet statements

For the year ending 30 December 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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 directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 April 2021
and signed on behalf of the board by:

Name: A. Flack
Status: Director

The notes form part of these financial statements

ZERO21 BRANDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 policy

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:Website costs - 3 years straight lineThe 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.

ZERO21 BRANDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2019

2. Employees

2019 7 months to 31 December 2018
Average number of employees during the period 0 0

ZERO21 BRANDS LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2019

3. Tangible Assets

Total
Cost £
At 01 January 2019 0
Additions 3,500
At 30 December 2019 3,500
Depreciation
At 01 January 2019 0
Charge for year 1,167
At 30 December 2019 1,167
Net book value
At 30 December 2019 2,333
At 31 December 2018 0