ZYME COMMUNICATIONS LIMITED

Company Registration Number:
07294918 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

ZYME COMMUNICATIONS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

ZYME COMMUNICATIONS LIMITED

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 7,901 12,399
Total fixed assets: 7,901 12,399
Current assets
Debtors:   68,832 72,514
Cash at bank and in hand: 313,503 205,403
Total current assets: 382,335 277,917
Creditors: amounts falling due within one year:   (191,464) (167,938)
Net current assets (liabilities): 190,871 109,979
Total assets less current liabilities: 198,772 122,378
Provision for liabilities: (2,000) (2,300)
Total net assets (liabilities): 196,772 120,078
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 196,672 119,978
Shareholders funds: 196,772 120,078

The notes form part of these financial statements

ZYME COMMUNICATIONS LIMITED

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 October 2023
and signed on behalf of the board by:

Name: Mrs L E A Cuddon
Status: Director

The notes form part of these financial statements

ZYME COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is derived from the principal activity of the company of the provision of consultancy services.Turnover represents net invoiced sales, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Plant and machinery etc - 25% on cost

Other accounting policies

TaxationTaxation 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 taxDeferred 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.Pension costs and other post-retirement benefitsThe 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.Going concernThe director has considered the financial position of the company and believes it is well placed to manage its business risks successfully. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, thus continues to adopt the going concern basis of preparation in preparing the financial statements.

ZYME COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 14 15

ZYME COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 39,960
Additions 900
Disposals (14,510)
At 30 June 2023 26,350
Depreciation
At 01 July 2022 27,561
Charge for year 5,398
On disposals (14,510)
At 30 June 2023 18,449
Net book value
At 30 June 2023 7,901
At 30 June 2022 12,399

ZYME COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Related party transactions

During the year the company was controlled by the director who holds 100% of the issued share capital.