ZGRP Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09168494 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 AUGUST 2017

FOR

ZGRP LIMITED

T/A

Z GROUP

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTORS:

Z Hussein

N E Husband

REGISTERED OFFICE:

Ibex House

162-164 Arthur Road

London

SW19 8AQ

REGISTERED NUMBER:

09168494 (England and Wales)

FIXED ASSETS

Intangible assets

4

1,126,679

844,112

Tangible assets

5

158,505

78,889

1,285,184

923,001

CURRENT ASSETS

Debtors

6

952,772

638,079

Cash at bank and in hand

4,321,796

640,225

5,274,568

1,278,304

CREDITORS

Amounts falling due within one year

7

4,998,467

1,028,055

NET CURRENT ASSETS

276,101

250,249

TOTAL ASSETS LESS CURRENT LIABILITIES

1,561,285

1,173,250

CREDITORS

Amounts falling due after more than one year

8

(1,262,500

)

(1,076,000

)

PROVISIONS FOR LIABILITIES

(30,116

)

-

NET ASSETS

268,669

97,250

CAPITAL AND RESERVES

Called up share capital

114

105

Share premium

264,981

89,995

Retained earnings

3,574

7,150

SHAREHOLDERS' FUNDS

268,669

97,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29 May 2018 and were signed on its behalf by:

Z Hussein - Director

1.	STATUTORY INFORMATION

ZGRP 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements for the year ended 30 August 2017 are the first financial statements of ZGRP Limited

prepared in accordance with FRS102, the Financial Reporting Standard applicable in the UK and Republic of

Ireland. The date of transition to FRS102 was 1 September 2016. The reported financial position and financial

performance for the previous period are not affected by the transition to FRS102.

TURNOVER AND REVENUE RECOGNITION

Turnover represents net invoiced sales of services, excluding value added tax in respect of the provision of

services to clients, plus the value, recognised by reference to the stage of completion, of work undertaken in the

period but not invoiced at the period end. Revenue not billed to clients is included in debtors as accrued

income.

GOODWILL

Goodwill, being the amounts paid in connection with acquisition of businesses between 2014-2017, is

amortised on a line by line basis. In the year ended 30 August 2017 goodwill is amortised on a straight line

method based on a reliable estimate of the useful life of 10 years.

INTANGIBLE ASSETS

Patents and licences are being amortised evenly over their estimated useful life of 10 years.

TANGIBLE FIXED ASSETS

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

Furniture and equipment

-

20% on cost

Computer equipment

-

25% on cost

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2016 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 31 August 2016

1,148,000

-

1,148,000

Additions

409,997

5,000

414,997

At 30 August 2017

1,557,997

5,000

1,562,997

AMORTISATION

At 31 August 2016

303,888

-

303,888

Amortisation for year

131,930

500

132,430

At 30 August 2017

435,818

500

436,318

NET BOOK VALUE

At 30 August 2017

1,122,179

4,500

1,126,679

At 30 August 2016

844,112

-

844,112

5.	TANGIBLE FIXED ASSETS

Furniture

and

Computer

equipment

equipment

Totals

£

£

£

COST

At 31 August 2016

45,685

63,024

108,709

Additions

77,557

44,807

122,364

At 30 August 2017

123,242

107,831

231,073

DEPRECIATION

At 31 August 2016

7,542

22,278

29,820

Charge for year

20,217

22,531

42,748

At 30 August 2017

27,759

44,809

72,568

NET BOOK VALUE

At 30 August 2017

95,483

63,022

158,505

At 30 August 2016

38,143

40,746

78,889

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.8.17

30.8.16

£

£

Trade debtors

362,846

136,657

Other debtors

20,561

3,000

Directors' current accounts

30,000

-

Accrued income

462,930

405,665

Prepayments

76,435

92,757

952,772

638,079

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.8.17

30.8.16

£

£

Other loans

302,000

149,449

Trade creditors

174,584

129,508

Corporation tax

34,898

9,717

Social security and other taxes

22,499

15,310

VAT

153,314

64,695

Other creditors

4,643

4,309

Legal client control account

4,282,036

624,328

Directors' current accounts

24,493

22,409

Accrued expenses

-

8,330

4,998,467

1,028,055

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.8.17

30.8.16

£

£

Directors' loan accounts

1,262,500

1,076,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date Mr.G.A.Wood owed the company £30,000 (2016 - Nil). This loan was repaid after

the year end with interest at 2.5% per annum.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £155,000 (2016 - £69,000) were paid to the directors .

At the balance sheet date, Mr Z Hussein, a director of the company, had a current account balance of £24,493

(2016 - £22,409).

At the balance sheet date, Mr Z Hussein, a director of the company, had an interest free loan account balance

of £1,262,500 (2016 - £1,076,000). The loan is repayable by the company after more than one year.

At the balance sheet date, Mr S Hussein, a parent of a director of the company, had an interest free loan

account balance of £0 (2016 - £41,449).

At the balance sheet date, Ibex Investments Ltd, a company controlled by Mr & Mrs Hussein, parents of a

director of the company, had an interest free loan account balance of £302,000 (2016 - Nil).