Zeal Enterprises Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05026841 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

ZEAL ENTERPRISES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

N R Soper

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

FIXED ASSETS

Property, plant and equipment

4

30,610

25,232

Investments

5

2

2

30,612

25,234

CURRENT ASSETS

Inventories

697

1,719

Debtors

6

5,851

5,851

Cash at bank

386

16,566

6,934

24,136

CREDITORS

Amounts falling due within one year

7

9,873

13,813

NET CURRENT (LIABILITIES)/ASSETS

(2,939

)

10,323

TOTAL ASSETS LESS CURRENT LIABILITIES

27,673

35,557

CREDITORS

Amounts falling due after more than one year

8

(4,085

)

(4,085

)

PROVISIONS FOR LIABILITIES

10

(324

)

(20

)

NET ASSETS

23,264

31,452

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

23,263

31,451

SHAREHOLDERS' FUNDS

23,264

31,452

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

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

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 18 October 2023 and were signed on its behalf by:

Ms E De Witte - Director

N R Soper - Director

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 affected by the ongoing impact of Covid-19, the exit from the European Union and the high level of inflation in the UK economy. These have had an impact on the operations, customers, suppliers and staff. The Company is taking all the steps it can to protect the future of the business. Although the total impact is still uncertain the director believes 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 (2022 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2022

25,089

803

25,892

Additions

3,816

2,130

5,946

At 31 January 2023

28,905

2,933

31,838

DEPRECIATION

At 1 February 2022

-

660

660

Charge for year

-

568

568

At 31 January 2023

-

1,228

1,228

NET BOOK VALUE

At 31 January 2023

28,905

1,705

30,610

At 31 January 2022

25,089

143

25,232

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2022

and 31 January 2023

2

NET BOOK VALUE

At 31 January 2023

2

At 31 January 2022

2

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.23

31.1.22

£

£

Amts owed to/from connected entities

5,851

5,851

Interest on the other debtors was charged at the official HM Revenue & Customs rates.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Credit Card

-

3,252

Tax

719

5,719

Directors' current accounts

9,029

4,717

Accrued expenses

125

125

9,873

13,813

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.23

31.1.22

£

£

Directors' loan accounts

4,085

4,085

9.	DIRECTORS' LOAN ACCOUNT

Included in Creditors - amounts falling due after more than one year is a loan of £4,085 (2022-£4,085) 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.

10.	PROVISIONS FOR LIABILITIES

31.1.23

31.1.22

£

£

Deferred tax

Accelerated capital allowances

324

20

Deferred

tax

£

Balance at 1 February 2022

20

Charge to Income Statement during year

304

Balance at 31 January 2023

324

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 were paid to the directors .

The following reproduces the text of the report prepared for the directors 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 Directors 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 2023 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 Board of Directors of Zeal Enterprises Limited, as a body, 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 Board of Directors of Zeal Enterprises Limited, as a body, 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 Board of Directors, as a body, 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

18 October 2023