Zone Consulting Ltd
Registered number: 06473412
Statement of Financial Position
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,993 5,324
Financial assets 50,000 50,000
53,993 55,324
Current assets
Debtors 4 28,470 17,851
Cash at bank and in hand 158,319 146,717
186,789 164,568
Creditors: amounts falling due within one year 5 (31,542) (31,671)
Net current assets 155,247 132,897
Total assets less current liabilities 209,240 188,221
Provisions for liabilities (759) (1,012)
Net assets 208,481 187,209
Capital and reserves
Called up share capital 100 100
Profit and loss account 208,381 187,109
Shareholders' funds 208,481 187,209
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Taylor
Director
Approved by the board on 19 October 2023
Zone Consulting Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees and directors 2023 2022
Number Number
Average number of directors and persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 10,685
At 31 January 2023 10,685
Depreciation
At 1 February 2022 5,361
Charge for the year 1,331
At 31 January 2023 6,692
Net book value
At 31 January 2023 3,993
At 31 January 2022 5,324
4 Debtors 2023 2022
£ £
Trade debtors 28,470 15,600
Other debtors - 2,251
28,470 17,851
5 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals 1,458 1,386
Corporation tax 18,697 20,667
Other taxes and social security costs 7,529 7,080
Other creditors 3,858 2,538
31,542 31,671
6 Other information
Zone Consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is:
28 Rochester Grove
Fleet
Hampshire
GU15 3LU
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