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REGISTERED NUMBER: 06976987 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Zip Creative Marketing Ltd

Zip Creative Marketing Ltd (Registered number: 06976987)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Zip Creative Marketing Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: P B Heaton





REGISTERED OFFICE: 1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY





REGISTERED NUMBER: 06976987 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Zip Creative Marketing Ltd (Registered number: 06976987)

Statement of Financial Position
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,409 3,824

CURRENT ASSETS
Debtors 5 2,640 1,548
Cash at bank 13,505 44,682
16,145 46,230
CREDITORS
Amounts falling due within one year 6 (13,199 ) (20,897 )
NET CURRENT ASSETS 2,946 25,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,355

29,157

CREDITORS
Amounts falling due after more than one
year

7

-

(16,401

)

PROVISIONS FOR LIABILITIES (458 ) (727 )
NET ASSETS 4,897 12,029

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,797 11,929
SHAREHOLDERS' FUNDS 4,897 12,029

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20 October 2023 and were signed by:



P B Heaton - Director


Zip Creative Marketing Ltd (Registered number: 06976987)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

Zip Creative Marketing Ltd 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.

Turnover
Turnover represents net sales of goods and services, excluding value added tax.

The value of services provided under contracts is included to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the statement of financial position date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33.33% on cost

Government grants
Grants comprise amounts paid by the government under a Business Interruption Loan Agreement and are
recognised in the Income Statement once the relevant performance conditions have been met.

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 tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Zip Creative Marketing Ltd (Registered number: 06976987)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 363 9,472 9,835
DEPRECIATION
At 1 August 2022 215 5,796 6,011
Charge for year 68 1,347 1,415
At 31 July 2023 283 7,143 7,426
NET BOOK VALUE
At 31 July 2023 80 2,329 2,409
At 31 July 2022 148 3,676 3,824

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,640 1,548

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans - 4,217
Tax 7,344 10,913
VAT 1,739 4,400
Other creditors 12 32
Director's current account 2,842 176
Accruals 1,262 1,159
13,199 20,897

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 4,325
Bank loans - 2-5 years - 12,076
- 16,401

Zip Creative Marketing Ltd (Registered number: 06976987)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
P B Heaton
Balance outstanding at start of year (176 ) (440 )
Amounts advanced 49,840 62,228
Amounts repaid (52,506 ) (61,964 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,842 ) (176 )

The above loan is unsecured and repayable on demand. Balances due to the company in excess of £10,000 are subject to interest at HMRC's approved rate.