IRIS Accounts Production v23.2.0.158 07986733 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure079867332022-03-31079867332023-03-31079867332022-04-012023-03-31079867332021-03-31079867332021-04-012022-03-31079867332022-03-3107986733ns16:EnglandWales2022-04-012023-03-3107986733ns15:PoundSterling2022-04-012023-03-3107986733ns11:Director12022-04-012023-03-3107986733ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3107986733ns11:SmallEntities2022-04-012023-03-3107986733ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3107986733ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107986733ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3107986733ns11:FullAccounts2022-04-012023-03-3107986733ns11:RegisteredOffice2022-04-012023-03-3107986733ns6:CurrentFinancialInstruments2023-03-3107986733ns6:CurrentFinancialInstruments2022-03-3107986733ns6:Non-currentFinancialInstruments2023-03-3107986733ns6:Non-currentFinancialInstruments2022-03-3107986733ns6:ShareCapital2023-03-3107986733ns6:ShareCapital2022-03-3107986733ns6:RetainedEarningsAccumulatedLosses2023-03-3107986733ns6:RetainedEarningsAccumulatedLosses2022-03-3107986733ns6:FurnitureFittings2022-04-012023-03-3107986733ns6:MotorVehicles2022-04-012023-03-3107986733ns6:ComputerEquipment2022-04-012023-03-3107986733ns6:FurnitureFittings2022-03-3107986733ns6:MotorVehicles2022-03-3107986733ns6:ComputerEquipment2022-03-3107986733ns6:FurnitureFittings2023-03-3107986733ns6:MotorVehicles2023-03-3107986733ns6:ComputerEquipment2023-03-3107986733ns6:FurnitureFittings2022-03-3107986733ns6:MotorVehicles2022-03-3107986733ns6:ComputerEquipment2022-03-3107986733ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3107986733ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3107986733ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-03-3107986733ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-03-3107986733ns11:Director112022-03-3107986733ns11:Director112021-03-3107986733ns11:Director112022-04-012023-03-3107986733ns11:Director112021-04-012022-03-3107986733ns11:Director112023-03-3107986733ns11:Director112022-03-31
REGISTERED NUMBER: 07986733 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ZERO POINT ZERO LTD

ZERO POINT ZERO LTD (REGISTERED NUMBER: 07986733)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ZERO POINT ZERO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr T Eastman





REGISTERED OFFICE: 3 Hutton Road
Paignton
Devon
TQ3 1BN





REGISTERED NUMBER: 07986733 (England and Wales)





ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND

ZERO POINT ZERO LTD (REGISTERED NUMBER: 07986733)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,654 16,659

CURRENT ASSETS
Debtors 5 22,001 5,611
Cash at bank 2,308 2,622
24,309 8,233
CREDITORS
Amounts falling due within one year 6 14,281 9,054
NET CURRENT ASSETS/(LIABILITIES) 10,028 (821 )
TOTAL ASSETS LESS CURRENT LIABILITIES 30,682 15,838

CREDITORS
Amounts falling due after more than one
year

7

(2,770

)

-

PROVISIONS FOR LIABILITIES (3,117 ) (3,165 )
NET ASSETS 24,795 12,673

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 24,695 12,573
SHAREHOLDERS' FUNDS 24,795 12,673

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 director acknowledges his 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.

ZERO POINT ZERO LTD (REGISTERED NUMBER: 07986733)

BALANCE SHEET - continued
31 MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 July 2023 and were signed by:





Mr T Eastman - Director


ZERO POINT ZERO LTD (REGISTERED NUMBER: 07986733)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Zero Point Zero Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

ZERO POINT ZERO LTD (REGISTERED NUMBER: 07986733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 15,861 17,900 - 33,761
Additions - 5,666 5,219 10,885
Disposals (1,200 ) - - (1,200 )
At 31 March 2023 14,661 23,566 5,219 43,446
DEPRECIATION
At 1 April 2022 12,627 4,475 - 17,102
Charge for year 807 4,773 1,305 6,885
Eliminated on disposal (1,195 ) - - (1,195 )
At 31 March 2023 12,239 9,248 1,305 22,792
NET BOOK VALUE
At 31 March 2023 2,422 14,318 3,914 20,654
At 31 March 2022 3,234 13,425 - 16,659

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,537 5,611
Directors' current accounts 3,464 -
22,001 5,611

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,147 -
Tax 9,503 4,013
Social security and other taxes 1,030 -
VAT 2,601 4,780
Directors' current accounts - 261
14,281 9,054

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 2,770 -

ZERO POINT ZERO LTD (REGISTERED NUMBER: 07986733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr T Eastman
Balance outstanding at start of year (261 ) (2,727 )
Amounts advanced 43,672 55,832
Amounts repaid (39,947 ) (53,366 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,464 (261 )

Loans are unsecured, interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £34,000 were paid to the director .

During the year, the company rented the directors personal residence under a Licence to Occupy agreement for £1,723 (2022 £2,023).