Zeplin Ltd - Period Ending 2021-10-31
Zeplin Ltd - Period Ending 2021-10-31
Registration number:
Zeplin Ltd
for the Year Ended 31 October 2021
Zeplin Ltd
Contents
Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Zeplin Ltd
(Registration number: SC579073)
Statement of Financial Position as at 31 October 2021
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2020 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.
Approved and authorised by the
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Zeplin Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2021
General information |
The company is a private company limited by share capital, incorporated in Scotland.
The address of its registered office is:
Scotland
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in sterling which is the functional currency of the entity.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Zeplin Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2021
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Financial instruments
Classification
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Zeplin Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2021
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
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Cost or valuation |
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At 1 November 2020 |
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Additions |
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At 31 October 2021 |
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Depreciation |
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At 1 November 2020 |
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Charge for the year |
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At 31 October 2021 |
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Carrying amount |
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At 31 October 2021 |
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At 31 October 2020 |
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Included within the net book value of land and buildings above is £40,713 (2020 - £40,713) in respect of freehold land and buildings.
Debtors |
Current |
Note |
2021 |
2020 |
Amounts owed by related parties |
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Zeplin Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2021
Creditors |
Creditors: amounts falling due within one year
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2020 |
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Due within one year |
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Trade creditors |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2020 |
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No. |
£ |
No. |
£ |
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49 |
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49 |
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49 |
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49 |
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1 |
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1 |
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1 |
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1 |
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