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REGISTERED NUMBER: 07542721 (England and Wales)














Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Zest Communications Limited

Zest Communications Limited (Registered number: 07542721)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Zest Communications Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: W J Page
Mrs S Page





REGISTERED OFFICE: The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS





REGISTERED NUMBER: 07542721 (England and Wales)





ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS

Zest Communications Limited (Registered number: 07542721)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 66,285 45,292
66,285 45,292

CURRENT ASSETS
Debtors 6 149,082 140,892
Cash at bank 400,476 355,753
549,558 496,645
CREDITORS
Amounts falling due within one year 7 92,281 107,163
NET CURRENT ASSETS 457,277 389,482
TOTAL ASSETS LESS CURRENT LIABILITIES 523,562 434,774

PROVISIONS FOR LIABILITIES 9 15,405 9,126
NET ASSETS 508,157 425,648

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 508,057 425,548
SHAREHOLDERS' FUNDS 508,157 425,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 11 October 2023 and were signed on its behalf by:





W J Page - Director


Zest Communications Limited (Registered number: 07542721)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Zest Communications 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There were no material departures from that standard.

Turnover
Turnover is measured at 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:

Rendering of services

Revenue from the provision of marketing communication specialist services is recognised at the point the service is completed

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Improvements to property - over the life of the lease
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to profit and loss in the period to which they relate.

Zest Communications Limited (Registered number: 07542721)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 225,000
AMORTISATION
At 1 March 2022
and 28 February 2023 225,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 6,544 5,670 28,826 96,584 137,624
Additions 14,025 - 1,382 26,414 41,821
Disposals - - - (50,689 ) (50,689 )
At 28 February 2023 20,569 5,670 30,208 72,309 128,756
DEPRECIATION
At 1 March 2022 4,076 4,289 14,631 69,336 92,332
Charge for year 849 276 2,860 16,843 20,828
Eliminated on disposal - - - (50,689 ) (50,689 )
At 28 February 2023 4,925 4,565 17,491 35,490 62,471
NET BOOK VALUE
At 28 February 2023 15,644 1,105 12,717 36,819 66,285
At 28 February 2022 2,468 1,381 14,195 27,248 45,292

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 139,422 136,951
Other debtors 1,667 -
Directors' current accounts 3,725 -
Prepayments 4,268 3,941
149,082 140,892

Zest Communications Limited (Registered number: 07542721)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 22,095 7,344
Tax 32,055 45,075
Social security and other taxes 3,972 2,947
VAT 12,171 20,909
Other creditors 680 584
Directors' current accounts - 10,431
Accrued expenses 21,308 19,873
92,281 107,163

8. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases totals £52,366 - (2022 - £70,246).

9. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 15,405 9,126

Deferred
tax
£   
Balance at 1 March 2022 9,126
Accelerated Capital allowances 3,878
Change in rates 2,401
Balance at 28 February 2023 15,405

The net reversal of expected deferred tax liabilities expected to occur in the next 12 months is £4,953

At the balance sheet date the company had a £15,404 deferred tax liability (2022 - £9,125) relating to accelerated capital allowances.

Factors that may affect future tax charges

An increase in the future main corporation tax rate to 25% from 1 April 2023, from the previously enacted 19% was announced in the budget on 3 March 2021, and substantively enacted on 24 May 2021. The deferred tax balance at the year end has been calculated based on the rate at which the provision is expected to unwind.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1.00 100 100

11. RELATED PARTY DISCLOSURES

The amount outstanding at the year-end (from)/to the Directors Mr W J and Mrs S Page was (£3,725) - (2022 - £10,431).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Zest Communications Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Zest Communications Limited for the year ended 28 February 2023 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Zest Communications Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Zest Communications Limited and state those matters that we have agreed to state to the Board of Directors of Zest Communications Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zest Communications Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Zest Communications Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Zest Communications Limited. You consider that Zest Communications Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Zest Communications Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


11 October 2023