Zen Data Systems Ltd. 08129604 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the provision of computer consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true false 08129604 2022-04-01 2023-03-31 08129604 2023-03-31 08129604 core:RetainedEarningsAccumulatedLosses 2023-03-31 08129604 core:ShareCapital 2023-03-31 08129604 core:CurrentFinancialInstruments 2023-03-31 08129604 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08129604 core:FurnitureFittings 2023-03-31 08129604 bus:SmallEntities 2022-04-01 2023-03-31 08129604 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08129604 bus:FullAccounts 2022-04-01 2023-03-31 08129604 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 08129604 bus:RegisteredOffice 2022-04-01 2023-03-31 08129604 bus:Director1 2022-04-01 2023-03-31 08129604 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08129604 core:FurnitureFittings 2022-04-01 2023-03-31 08129604 countries:EnglandWales 2022-04-01 2023-03-31 08129604 2022-03-31 08129604 core:FurnitureFittings 2022-03-31 08129604 2021-04-01 2022-03-31 08129604 2022-03-31 08129604 core:RetainedEarningsAccumulatedLosses 2022-03-31 08129604 core:ShareCapital 2022-03-31 08129604 core:CurrentFinancialInstruments 2022-03-31 08129604 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 08129604

Zen Data Systems Ltd.

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Zen Data Systems Ltd.

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Zen Data Systems Ltd.

Company Information

Director

R Halley

Registered office

46 Kings Avenue
Poole
Dorset
BH14 9QQ

Accountants

Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge
Folkestone
Kent
CT18 7TQ

 

Zen Data Systems Ltd.

(Registration number: 08129604)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

980

7,114

Cash at bank and in hand

 

27,662

24,354

 

28,642

31,468

Creditors: Amounts falling due within one year

6

(9,599)

(9,945)

Net assets

 

19,043

21,523

Capital and reserves

 

Called up share capital

100

100

Retained earnings

18,943

21,423

Shareholders' funds

 

19,043

21,523

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 October 2023
 

.........................................
R Halley
Director

   
     
 

Zen Data Systems Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

Zen Data Systems Ltd. is a private company limited by share capital, registered in England and Wales. The company's registered number is 08129604.

The address of its registered office is:
46 Kings Avenue
Poole
Dorset
BH14 9QQ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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 presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Going concern

The company stopped trading on 31st March 2023 and therefore the financial statements are not prepared on a going concern basis.

Judgements

No judgements have been made in the process of applying the above accounting policies that have had a significant effect on the amount recognised in the financial statements.

No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

 

Zen Data Systems Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satified:

- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Finance income and costs policy

Interest income is recognised in the profit and loss account using the effective interest method.

Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet 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.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

33% on cost

 

Zen Data Systems Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Zen Data Systems Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 April 2022

10,480

10,480

At 31 March 2023

10,480

10,480

Depreciation

At 1 April 2022

10,480

10,480

At 31 March 2023

10,480

10,480

Carrying amount

At 31 March 2023

-

-

5

Debtors

Current

2023
£

2022
£

Trade debtors

-

6,244

Other debtors

980

870

 

980

7,114

 

Zen Data Systems Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

570

-

Taxation and social security

 

7,365

8,445

Accruals and deferred income

 

1,664

1,500

 

9,599

9,945

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Directors current account

570

-