1 February 2022 false No description of principal activity Taxfiler 2023.9.1 07116983business:PrivateLimitedCompanyLtd2022-02-012023-01-31 071169832022-01-31 071169832022-02-012023-01-31 07116983business:AuditExempt-NoAccountantsReport2022-02-012023-01-31 07116983business:FilletedAccounts2022-02-012023-01-31 071169832023-01-31 07116983business:Director12022-02-012023-01-31 07116983business:RegisteredOffice2022-02-012023-01-31 071169832022-01-31 07116983core:WithinOneYear2023-01-31 07116983core:WithinOneYear2022-01-31 07116983core:AfterOneYear2023-01-31 07116983core:AfterOneYear2022-01-31 07116983core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 07116983core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 07116983core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 07116983core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 07116983core:PreviouslyStatedAmount2023-01-31 07116983core:PreviouslyStatedAmount2022-01-31 07116983business:SmallEntities2022-02-012023-01-31 07116983countries:EnglandWales2022-02-012023-01-31 07116983core:LandBuildings2022-02-012023-01-31 07116983core:FurnitureFittings2022-02-012023-01-31 07116983core:ComputerEquipment2022-02-012023-01-31 07116983business:OrdinaryShareClass12022-02-012023-01-31 07116983business:OrdinaryShareClass12021-02-012022-01-31 071169832021-02-012022-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07116983 (England and Wales)
Zen Venture Capital Limited Unaudited accounts for the year ended 31 January 2023
Zen Venture Capital Limited Unaudited accounts Contents
Page
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Zen Venture Capital Limited Company Information for the year ended 31 January 2023
Director
Graham Wood
Company Number
07116983 (England and Wales)
Registered Office
105 Witton Street Northwich Cheshire CW9 5DR
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Zen Venture Capital Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
461 
33,730 
Cash at bank and in hand
100,207 
2,122 
100,668 
35,852 
Creditors: amounts falling due within one year
(136,136)
(62,724)
Net current liabilities
(35,468)
(26,872)
Total assets less current liabilities
(35,468)
(26,872)
Creditors: amounts falling due after more than one year
(16,320)
(23,333)
Net liabilities
(51,788)
(50,205)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(51,888)
(50,305)
Shareholders' funds
(51,788)
(50,205)
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 23 October 2023 and were signed on its behalf by
Graham Wood Director Company Registration No. 07116983
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Zen Venture Capital Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Zen Venture Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 07116983. The registered office is 105 Witton Street, Northwich, Cheshire, CW9 5DR.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not provided
Fixtures & fittings
20%
Computer equipment
33%
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Foreign currencies
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Zen Venture Capital Limited Notes to the Accounts for the year ended 31 January 2023
Work in progress
Work-in-progress is valued at the lower of cost and net realisable value, after making due allowance for items which in the opinion of the Directors are irrecoverable from clients. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
461 
5,730 
Other debtors
- 
28,000 
461 
33,730 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,000 
7,000 
VAT
(448)
55 
Trade creditors
462 
8,110 
Taxes and social security
4,117 
4,117 
Other creditors
101,573 
28,714 
Loans from directors
9,056 
14,728 
Accruals
14,376 
- 
136,136 
62,724 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
16,320 
23,333 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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