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Company Registration No. 09453485 (England and Wales)
Zlick Ltd Unaudited accounts for the year ended 28 February 2023
Zlick Ltd Unaudited accounts Contents
Page
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Zlick Ltd Company Information for the year ended 28 February 2023
Directors
Niroshan Balasubramaniam Erki Koldits Mari-Liis Ruutsalu Christian Schroder
Company Number
09453485 (England and Wales)
Registered Office
2.05 12-18 Hoxton Street London N1 6NG United Kingdom
Accountants
The Accountancy Cloud 12-18 Hoxton Street London N1 6NG UK
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Zlick Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,125 
8,358 
Current assets
Debtors
267,699 
236,009 
Cash at bank and in hand
511,317 
455,274 
779,016 
691,283 
Creditors: amounts falling due within one year
(591,760)
(196,104)
Net current assets
187,256 
495,179 
Total assets less current liabilities
191,381 
503,537 
Creditors: amounts falling due after more than one year
- 
(392,406)
Provisions for liabilities
Other provisions
(5,900)
3,099 
Net assets
185,481 
114,230 
Capital and reserves
Called up share capital
119 
119 
Share premium
696,143 
696,143 
Capital contribution reserve
51,708 
51,708 
Profit and loss account
(562,489)
(633,740)
Shareholders' funds
185,481 
114,230 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by
Niroshan Balasubramaniam Director Company Registration No. 09453485
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Zlick Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Zlick Ltd is a private company, limited by shares, registered in England and Wales, registration number 09453485. The registered office is 2.05 12-18 Hoxton Street, London, N1 6NG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Turnover
Turnover is generated through commissions receivable and is recognised at the consideration receivable less value added tax. In generating commission income, Zlick Limited acts as an agent as it is only an intermediary between the main supplier and the end consumer.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Research and Development Tax Credit
During the financial year, Zlick Limited received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Zlick Ltd Notes to the Accounts for the year ended 28 February 2023
Creditors Falling Due Within One Year - Prior Period Adjustment
Creditors falling due within one year for the year ending 28 February 2022 has been restated by £152,834 to recognise the loan from Oru Holding. This is repayable on demand but was previously recognised under creditors falling due after more than one year. The adjustments made is as follows; Increase in Creditors Falling Due Within One Year by £152,834 Decrease in Creditors Falling Due After More Than One Year by £152,834
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2022
15,232 
Disposals
(2,471)
At 28 February 2023
12,761 
Depreciation
At 1 March 2022
6,874 
Charge for the year
2,071 
On disposals
(309)
At 28 February 2023
8,636 
Net book value
At 28 February 2023
4,125 
At 28 February 2022
8,358 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
26,504 
18,387 
Trade debtors
147,876 
142,648 
Accrued income and prepayments
91,512 
74,974 
Other debtors
1,807 
- 
267,699 
236,009 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
4,627 
21,623 
Other creditors
536,973 
153,003 
Accruals
50,160 
21,478 
591,760 
196,104 
Other Creditors Includes: - A loan from Oru Holding Company, a company wholly controlled by the director Erki Koldits, totalling £152,834 (2022: £152,834). This loan is interest-free and repayable on demand. - A convertible loan balance with accrued interest totalling £383,970 (2022: £392,406)
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Zlick Ltd Notes to the Accounts for the year ended 28 February 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
- 
392,406 
8
Provisions for liabilities
£ 
At 1 March 2022
(3,099)
Additional provisions made during the period
2,801 
Other increase in provisions
6,198 
At 28 February 2023
5,900 
Included in provisions is a provision for VAT reclaimable which has exceeded 4 years, the deadline set by HMRC to reclaim VAT.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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