Zeal Enterprises Limited - Accounts to registrar (filleted) - small 18.2

Zeal Enterprises Limited - Accounts to registrar (filleted) - small 18.2

ZEAL ENTERPRISES LIMITED - Company Information

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REGISTERED NUMBER: 05026841 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2020

FOR

ZEAL ENTERPRISES LIMITED
ZEAL ENTERPRISES LIMITED (REGISTERED NUMBER: 05026841)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

ZEAL ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2020







DIRECTOR: Ms E De Witte





REGISTERED OFFICE: 18 Springvale Avenue
Brentford
London
TW8 9QH





REGISTERED NUMBER: 05026841 (England and Wales)





ACCOUNTANTS: Chris Skarparis & Co Ltd
Chartered Accountants
2nd Floor
10(b) Aldermans Hill
Palmers Green
London
N13 4PJ
Page 1
ZEAL ENTERPRISES LIMITED (REGISTERED NUMBER: 05026841)

BALANCE SHEET
31 JANUARY 2020

31.1.20 31.1.19
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 25,343 25,428
Investments 5 2 2
25,345 25,430

CURRENT ASSETS
Inventories 2,456 415
Cash at bank 365 148
2,821 563
CREDITORS
Amounts falling due within one year 6 10,046 22,726
NET CURRENT LIABILITIES (7,225 ) (22,163 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
18,120
3,267

CREDITORS
Amounts falling due after more than one
year
7
(29,474
)
-

PROVISIONS FOR LIABILITIES (48 ) (64 )
NET (LIABILITIES)/ASSETS (11,402 ) 3,203

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (11,403 ) 3,202
SHAREHOLDERS' FUNDS (11,402 ) 3,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 notes form part of these financial statements

Page 2 continued...
ZEAL ENTERPRISES LIMITED (REGISTERED NUMBER: 05026841)

BALANCE SHEET - continued
31 JANUARY 2020


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 director and authorised for issue on 14 October 2020 and were signed by:





Ms E De Witte - Director


The notes form part of these financial statements

Page 3
ZEAL ENTERPRISES LIMITED (REGISTERED NUMBER: 05026841)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020

1. STATUTORY INFORMATION

Zeal Enterprises Limited is a private company,limited by shares, registered in England and Wales.The company 's registered number is 05026841 and registered office address is 18 Springvale Avenue, Brentford, London, TW8 9QH.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Going concern
'As with most businesses the Company has been impacted by the Coronavirus (Covid 19). This has had an impact on the operations, customers, suppliers and staff. The Company has utilised the grants and benefits available from the Government and are taking all the steps it can to protect the future of the business. Although the total impact is still uncertain the directors believe that it is appropriate to prepare the accounts on a going concern basis'.

Revenue recognition
Amounts due under contracts-not yet invoiced (work in progress) are valued at the recoverable standard value of time charged by all personnel engaged in the provision of services. Revenue is recognised as the contracts progress to reflect the partial performance of the contractual obligation. The amount of revenue recognised reflects the accrual of the right for consideration as contract activity progresses by reference to the value of work performed.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

Page 4 continued...
ZEAL ENTERPRISES LIMITED (REGISTERED NUMBER: 05026841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2020

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2019
and 31 January 2020 25,089 803 25,892
DEPRECIATION
At 1 February 2019 - 464 464
Charge for year - 85 85
At 31 January 2020 - 549 549
NET BOOK VALUE
At 31 January 2020 25,089 254 25,343
At 31 January 2019 25,089 339 25,428

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2019
and 31 January 2020 2
NET BOOK VALUE
At 31 January 2020 2
At 31 January 2019 2

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.20 31.1.19
£    £   
Trade creditors - 1
Credit Card 8,861 8,830
Tax 381 8,600
Wages 700 -
Directors' current accounts - 5,191
Accrued expenses 104 104
10,046 22,726

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.20 31.1.19
£    £   
Directors' loan accounts 29,474 -

Page 5 continued...
ZEAL ENTERPRISES LIMITED (REGISTERED NUMBER: 05026841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2020

8. DIRECTORS' LOAN ACCOUNT

Included in Creditors - amounts falling due after more than one year is a loan of £29,474 (2019-£0) due to the Directors. This loan is recognised at transaction price. The directors' loan is not due until after more than 1 year and is interest free.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2020 and 31 January 2019:

31.1.20 31.1.19
£    £   
Ms E De Witte
Balance outstanding at start of year - 15,736
Amounts repaid - (15,736 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest on the director's loan account was charged at the official HM Revenue & Customs rates.

10. RELATED PARTY DISCLOSURES

Zeal Enterprises purchased some premises from controlling shareholder at market value.

11. GOING CONCERN

The Financial Statements have been prepared on a going concern basis. The company has Net Liabilities of
£11,402 (2019: NIL). The directors have restructured the business and are confident that in the future the results will improve, strengthening the company's Balance Sheet.

The directors have provided assurances that they will continue supporting the company to meet its obligations as they fall due by providing loans.They also pledged not to call in the director's loan due to them which is interest free and repayable on demand until the company is in a position to pay.

Page 6
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ZEAL ENTERPRISES LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Zeal Enterprises Limited for the year ended 31 January 2020 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Zeal Enterprises Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Zeal Enterprises Limited and state those matters that we have agreed to state to the director of Zeal Enterprises Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zeal Enterprises Limited and its director for our work or for this report.

It is your duty to ensure that Zeal Enterprises Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Zeal Enterprises Limited. You consider that Zeal Enterprises Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Zeal Enterprises Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chris Skarparis & Co Ltd
Chartered Accountants
2nd Floor
10(b) Aldermans Hill
Palmers Green
London
N13 4PJ


14 October 2020

This page does not form part of the statutory financial statements

Page 7