ZILKHA (TEXTILES) LIMITED

ZILKHA (TEXTILES) LIMITED

ZILKHA (TEXTILES) LIMITED - Company Information

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ZILKHA (TEXTILES) LIMITED

Company Registration Number:
01054568 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2021

Period of accounts

Start date: 29 February 2020

End date: 28 February 2021

ZILKHA (TEXTILES) LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2021

Balance sheet
Notes

ZILKHA (TEXTILES) LIMITED

Balance sheet

As at 28 February 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 706,904 703,065
Total fixed assets: 706,904 703,065
Current assets
Cash at bank and in hand: 302,315 303,341
Total current assets: 302,315 303,341
Creditors: amounts falling due within one year:   (551,426) (584,315)
Net current assets (liabilities): (249,111) (280,974)
Total assets less current liabilities: 457,793 422,091
Total net assets (liabilities): 457,793 422,091
Capital and reserves
Called up share capital: 100 100
Other reserves: 400,000 400,000
Profit and loss account: 57,693 21,991
Shareholders funds: 457,793 422,091

The notes form part of these financial statements

ZILKHA (TEXTILES) LIMITED

Balance sheet statements

For the year ending 28 February 2021 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 30 September 2021
and signed on behalf of the board by:

Name: Henry Heskel Zilkha
Status: Director

The notes form part of these financial statements

ZILKHA (TEXTILES) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

1. Accounting policies

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

Tangible fixed assets and depreciation policy

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 Freehold, NIL. Land and buildings Leasehold amortised over 50 years on costThe 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.

Other accounting policies

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.Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

ZILKHA (TEXTILES) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

2. Employees

2021 2020
Average number of employees during the period 1 3

ZILKHA (TEXTILES) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

3. Tangible Assets

Total
Cost £
At 29 February 2020 861,821
Additions 8,418
At 28 February 2021 870,239
Depreciation
At 29 February 2020 158,756
Charge for year 4,579
At 28 February 2021 163,335
Net book value
At 28 February 2021 706,904
At 28 February 2020 703,065