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REGISTERED NUMBER: 04113542 (England and Wales)



















ZYCOMM HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






ZYCOMM HOLDINGS LIMITED (REGISTERED NUMBER: 04113542)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 9


ZYCOMM HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mr M I Sneap
Mrs B P Sneap





REGISTERED OFFICE: 81 Burton Road
Derby
Derbyshire
DE1 1TJ





REGISTERED NUMBER: 04113542 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

ZYCOMM HOLDINGS LIMITED (REGISTERED NUMBER: 04113542)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,367,992 2,359,608
Investments 5 494 494
Investment property 6 150,673 150,673
2,519,159 2,510,775

CURRENT ASSETS
Debtors 7 557,421 408,153
Cash at bank 1,475,979 1,636,242
2,033,400 2,044,395
CREDITORS
Amounts falling due within one year 8 131,285 142,513
NET CURRENT ASSETS 1,902,115 1,901,882
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,421,274

4,412,657

CREDITORS
Amounts falling due after more than one year 9 (30,893 ) (50,922 )

PROVISIONS FOR LIABILITIES (211,762 ) (161,524 )
NET ASSETS 4,178,619 4,200,211

ZYCOMM HOLDINGS LIMITED (REGISTERED NUMBER: 04113542)

BALANCE SHEET - continued
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 4,000 4,000
Revaluation reserve 12 970,833 1,019,474
Retained earnings 3,203,786 3,176,737
SHAREHOLDERS' FUNDS 4,178,619 4,200,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

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 25 October 2023 and were signed on its behalf by:





Mr M I Sneap - Director


ZYCOMM HOLDINGS LIMITED (REGISTERED NUMBER: 04113542)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Zycomm Holdings 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents received, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Short leasehold - at varying rates on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

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.

ZYCOMM HOLDINGS LIMITED (REGISTERED NUMBER: 04113542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST OR VALUATION
At 1 February 2022 943,511 310 1,485,000
Additions 28,398 - 8,606
Impairments - - (8,606 )
At 31 January 2023 971,909 310 1,485,000
DEPRECIATION
At 1 February 2022 127,632 310 -
Charge for year 12,249 - 7,117
Impairments - - (7,117 )
At 31 January 2023 139,881 310 -
NET BOOK VALUE
At 31 January 2023 832,028 - 1,485,000
At 31 January 2022 815,879 - 1,485,000

ZYCOMM HOLDINGS LIMITED (REGISTERED NUMBER: 04113542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST OR VALUATION
At 1 February 2022 34,300 39,467 2,502,588
Additions - - 37,004
Impairments - - (8,606 )
At 31 January 2023 34,300 39,467 2,530,986
DEPRECIATION
At 1 February 2022 9,421 5,617 142,980
Charge for year 3,347 4,418 27,131
Impairments - - (7,117 )
At 31 January 2023 12,768 10,035 162,994
NET BOOK VALUE
At 31 January 2023 21,532 29,432 2,367,992
At 31 January 2022 24,879 33,850 2,359,608

Included in Freehold Property is non-depreciated land of £332,500 (2022:£332,500).

The historical cost of plant and machinery was £975,863 (2022:£967,257) and the historical aggregate depreciation was £659,341 (2022:£652,224).

Cost or valuation at 31 January 2023 is represented by:

Freehold Short Plant and
property leasehold machinery
£    £    £   
Valuation in 2023 - - 1,485,000
Cost 971,909 310 -
971,909 310 1,485,000

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Valuation in 2023 - - 1,485,000
Cost 34,300 39,467 1,045,986
34,300 39,467 2,530,986

ZYCOMM HOLDINGS LIMITED (REGISTERED NUMBER: 04113542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2022
and 31 January 2023 494
NET BOOK VALUE
At 31 January 2023 494
At 31 January 2022 494

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 150,673
NET BOOK VALUE
At 31 January 2023 150,673
At 31 January 2022 150,673

The directors consider that the fair value of the investment property is £150,673 (2022:£150,673).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 43,462 58,437
Other debtors 468,461 334,461
Prepayments and accrued income 45,498 15,255
557,421 408,153

ZYCOMM HOLDINGS LIMITED (REGISTERED NUMBER: 04113542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 10,382 10,382
Payments on account 56,449 63,013
Trade creditors 7,919 11,533
Amounts owed to group undertakings 844 844
Corporation tax 16,277 11,508
VAT 11,617 8,526
Other creditors 530 5,913
Directors' current accounts 167 -
Accruals and deferred income 17,100 20,794
131,285 142,513

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 24,837 34,167
Bank loans >5 yr (instalments) - 317
Hire purchase contracts 6,056 16,438
30,893 50,922

Amounts falling due in more than five years:

Repayable by instalments
Bank loans >5 yr (instalments) - 317

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 34,837 44,484
Hire purchase contracts 16,438 26,820
51,275 71,304

ZYCOMM HOLDINGS LIMITED (REGISTERED NUMBER: 04113542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4,000 Ordinary £1 4,000 4,000

12. RESERVES
Revaluation
reserve
£   
At 1 February 2022 1,019,474
Transfer (1,489 )
Deferred tax adjustment on
revalued assets (47,152 )

At 31 January 2023 970,833

13. RELATED PARTY DISCLOSURES

Included in current liabilities are directors loans amounting to £167 (2022:£nil) which have no fixed repayment terms and are interest free.