Zachary Daniels Finance Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11698083 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ZACHARY DANIELS FINANCE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Z Clements

D G L Monfea

W Johnson

R M Savage

REGISTERED OFFICE:

Riverside Court

Chester Road

Warrington

Cheshire

WA4 6AR

REGISTERED NUMBER:

11698083 (England and Wales)

ACCOUNTANTS:

Walker Begley Limited

Chartered Accountants

207 Knutsford Road

Grappenhall

Warrington

Cheshire

WA4 2QL

CURRENT ASSETS

Stocks

63,743

39,898

Debtors

178,363

94,770

Cash at bank

22,186

40,303

264,292

174,971

CREDITORS

Amounts falling due within one year

66,881

31,870

NET CURRENT ASSETS

197,411

143,101

TOTAL ASSETS LESS CURRENT LIABILITIES

197,411

143,101

CAPITAL AND RESERVES

Called up share capital

4

4

Share premium

89,997

89,997

Retained earnings

107,410

53,100

SHAREHOLDERS' FUNDS

197,411

143,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 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 Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:

D G L Monfea - Director

1.	STATUTORY INFORMATION

Zachary Daniels Finance 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 4 (2022 - 4 ) .

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the director Mr Z Clements provided an unsecured interest free loan to the company with no fixed repayment terms. At the year end the balance was £26,111 (£2022 : £NIL).

5.	RELATED PARTY DISCLOSURES

During the year, Zachary Daniels Limited, a company of which Mr D Monfea and Mr Z Clements are also directors, received an unsecured interest free loan from the company with no fixed repayment date. At the year end the balance was £139,523 (2022 : £93,523).