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REGISTERED NUMBER: 02152650 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2022

for

Zapego Limited

Zapego Limited (Registered number: 02152650)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Zapego Limited

Company Information
for the Year Ended 31 October 2022







DIRECTORS: Mrs C Maddison
Mr J Maddison





REGISTERED OFFICE: Wellington Chambers
61 Saville Street
North Shields
NE30 1AY





REGISTERED NUMBER: 02152650 (England and Wales)





ACCOUNTANTS: Douglas Shaw Limited
7 Brenkley Way
Blezard Business Park
Seaton Burn
Tyne and Wear
NE13 6DS

Zapego Limited (Registered number: 02152650)

Balance Sheet
31 October 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 181,193 220,754
Investment property 5 130,000 130,000
311,193 350,754

CURRENT ASSETS
Stocks 21,633 27,384
Debtors 6 3,134,483 2,862,602
Cash at bank 136,498 104,670
3,292,614 2,994,656
CREDITORS
Amounts falling due within one year 7 1,548,965 1,380,081
NET CURRENT ASSETS 1,743,649 1,614,575
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,054,842

1,965,329

CREDITORS
Amounts falling due after more than
one year

8

218,258

302,465
NET ASSETS 1,836,584 1,662,864

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,836,582 1,662,862
1,836,584 1,662,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

Zapego Limited (Registered number: 02152650)

Balance Sheet - continued
31 October 2022


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 10 October 2023 and were signed on its behalf by:





Mr J Maddison - Director


Zapego Limited (Registered number: 02152650)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Zapego 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Zapego Limited (Registered number: 02152650)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2021 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2021 55,000 155,852 5,401 116,099 332,352
Additions - - 1,157 650 1,807
At 31 October 2022 55,000 155,852 6,558 116,749 334,159
DEPRECIATION
At 1 November 2021 - 57,248 1,331 53,019 111,598
Charge for year - 24,651 784 15,933 41,368
At 31 October 2022 - 81,899 2,115 68,952 152,966
NET BOOK VALUE
At 31 October 2022 55,000 73,953 4,443 47,797 181,193
At 31 October 2021 55,000 98,604 4,070 63,080 220,754


Zapego Limited (Registered number: 02152650)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2021
and 31 October 2022 130,000
NET BOOK VALUE
At 31 October 2022 130,000
At 31 October 2021 130,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade debtors 948,441 628,441
Amounts owed by associates 2,068,064 1,564,822
Amounts recoverable on contract 100,637 213,283
Other debtors and prepayments (8,111 ) 418,635
VAT 25,452 37,421
3,134,483 2,862,602

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans and overdrafts 63,624 59,985
Hire purchase contracts 21,189 26,607
Trade creditors 757,736 676,921
Tax 50,792 -
Social security and other taxes 20,119 13,068
Other creditors and accruals 635,505 603,500
1,548,965 1,380,081

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans - 1-2 years 69,060 75,982
Bank loans - 2-5 years 97,281 159,033
Bank loans more 5 yr by instal 17,917 2,500
Hire purchase contracts 34,000 64,950
218,258 302,465

Zapego Limited (Registered number: 02152650)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.10.22 31.10.21
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 17,917 2,500