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Registered number: 09954730









ZIA LUCIA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
ZIA LUCIA LIMITED
REGISTERED NUMBER: 09954730

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
380,972
206,186

Investments
 5 
200
200

  
381,172
206,386

Current assets
  

Stocks
 6 
5,000
5,000

Debtors: amounts falling due after more than one year
 7 
2,007
-

Debtors: amounts falling due within one year
 7 
1,204,615
805,633

Cash at bank and in hand
 8 
163,422
225,979

  
1,375,044
1,036,612

Creditors: amounts falling due within one year
 9 
(486,075)
(129,641)

Net current assets
  
 
 
888,969
 
 
906,971

Total assets less current liabilities
  
1,270,141
1,113,357

  

Net assets
  
1,270,141
1,113,357


Capital and reserves
  

Called up share capital 
 10 
167
167

Share premium account
  
174,948
174,948

Profit and loss account
  
1,095,026
938,242

  
1,270,141
1,113,357


Page 1

 
ZIA LUCIA LIMITED
REGISTERED NUMBER: 09954730
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




G D'Angelo
Director

Date: 25 October 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ZIA LUCIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Zia Lucia Limited is a private company limited by shares and incorporated in England and Wales (Registered number 09954730). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
ZIA LUCIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
Straight line
Plant and machinery
-
10%
Straight line
Fixtures and fittings
-
20%
Straight line
Computer equipment
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Balance Sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first outbasis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
ZIA LUCIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2022 - 21).

Page 5

 
ZIA LUCIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 February 2022
158,599
24,469
85,673
35,770
304,511


Additions
210,491
-
30,728
14,174
255,393



At 31 January 2023

369,090
24,469
116,401
49,944
559,904



Depreciation


At 1 February 2022
43,400
9,316
37,604
8,005
98,325


Charge for the year on owned assets
41,787
2,447
23,644
12,729
80,607



At 31 January 2023

85,187
11,763
61,248
20,734
178,932



Net book value



At 31 January 2023
283,903
12,706
55,153
29,210
380,972



At 31 January 2022
115,199
15,153
48,068
27,766
206,186


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2022
200



At 31 January 2023
200




Page 6

 
ZIA LUCIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

6.


Stocks

2023
2022
£
£

Stocks
5,000
5,000

5,000
5,000



7.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
2,007
-

2,007
-


2023
2022
£
£

Due within one year

Trade debtors
15,271
-

Amounts owed by group undertakings
1,155,278
773,790

Other debtors
21,923
23,680

Prepayments and accrued income
12,143
8,163

1,204,615
805,633



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
163,421
225,979

163,421
225,979


Page 7

 
ZIA LUCIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
49,869
29,516

Amounts owed to group undertakings
209,758
-

Corporation tax
77,075
-

Other taxation and social security
69,711
72,324

Other creditors
41,518
24,092

Accruals and deferred income
38,144
3,709

486,075
129,641



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



16,667 (2022 - 16,667) Ordinary shares of £0.01 each
167
167

 
Page 8