Zero Gum Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 02887169 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2022

for

Zero Gum Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Yule

J Yule

SECRETARY:

J Yule

REGISTERED OFFICE:

C/O Unit 17 The Courtyard

Blakemere Village, Chester Road

Sandiway

Northwich

Cheshire

CW8 2EB

REGISTERED NUMBER:

02887169 (England and Wales)

ACCOUNTANTS:

Craven Dalton

Unit 17 The Courtyard

Blakemere Village

Chester Road, Sandiway

Northwich

Cheshire

CW8 2EB

BANKERS:

National Westminster Bank Plc

High Street

Tarporley

Cheshire

CW6 0DZ

CURRENT ASSETS

Debtors

4

166

1,123

Cash at bank

976

39,278

1,142

40,401

CREDITORS

Amounts falling due within one year

5

607

872

NET CURRENT ASSETS

535

39,529

TOTAL ASSETS LESS CURRENT LIABILITIES

535

39,529

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

435

39,429

SHAREHOLDERS' FUNDS

535

39,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2023 and were signed on its behalf by:

J Yule - Director

1.	STATUTORY INFORMATION

Zero Gum 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.

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.

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Other debtors

-

769

VAT

166

354

166

1,123

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Bank loans and overdrafts

-

110

Trade creditors

788

171

Tax

(1,077

)

(4,807

)

Directors' current accounts

330

4,348

Accrued expenses

566

1,050

607

872

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2022 and 30 September 2021:

30.9.22

30.9.21

£

£

J Yule and J Yule

Balance outstanding at start of year

(4,348

)

(2,241

)

Amounts advanced

43,018

2,893

Amounts repaid

(39,000

)

(5,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(330

)

(4,348

)

During the year the company paid dividends to the directors, the shareholders of the company, totalling £39,000 (2021 - £5,000).