ACCOUNTS - Final Accounts preparation

RE-ZRO LIMITED - Company Information

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Registered number: 12742122

RE-ZRO LIMITED

UNAUDITED

PAGES FOR FILING WITH REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2021

RE-ZRO LIMITED

REGISTERED NUMBER: 12742122

BALANCE SHEET

AS AT 31 JULY 2021

		2021
Note		£


Current assets
Debtors: amounts falling due within one year	720
	720
Creditors: amounts falling due within one year	(9,666)
Net current (liabilities)/assets		(8,946)
Total assets less current liabilities		(8,946)

Net (liabilities)/assets		(8,946)

Capital and reserves
Called up share capital			100
Profit and loss account			(9,046)
			(8,946)

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RE-ZRO LIMITED

REGISTERED NUMBER: 12742122

BALANCE SHEET (CONTINUED)

AS AT 31 JULY 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Bridie Karl-Marschall

Director

Date: 1 April 2022

The notes on pages 3 to 4 form part of these financial statements.

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RE-ZRO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2021

1.	General information

RE-ZRO Limited is a private limited company, registered in the United Kingdom, domiciled in England and Wales. The registered office address is 1 Vincent Square, London, SW1P 2PN.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the period was 4.

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RE-ZRO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2021

Debtors

					2021
					£


	Other debtors	720
		720

5.	Creditors: Amounts falling due within one year
		2021
		£

	Bank overdrafts	69
	Other creditors	9,597
		9,666

6.	Related party transactions
	Included within creditors as at the period end is an amount of £9,597 owed to The Marschall Limited, the parent company. There is no interest accruing on this amount and there are no strict repayment terms in place.

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