Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01truefalseConsultancy22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10702415 2022-04-01 2023-03-31 10702415 2021-04-01 2022-03-31 10702415 2023-03-31 10702415 2022-03-31 10702415 2021-04-01 10702415 c:Director1 2022-04-01 2023-03-31 10702415 d:OfficeEquipment 2022-04-01 2023-03-31 10702415 d:OfficeEquipment 2023-03-31 10702415 d:OfficeEquipment 2022-03-31 10702415 d:CurrentFinancialInstruments 2023-03-31 10702415 d:CurrentFinancialInstruments 2022-03-31 10702415 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10702415 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10702415 d:ShareCapital 2023-03-31 10702415 d:ShareCapital 2022-03-31 10702415 d:RetainedEarningsAccumulatedLosses 2023-03-31 10702415 d:RetainedEarningsAccumulatedLosses 2022-03-31 10702415 c:FRS102 2022-04-01 2023-03-31 10702415 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10702415 c:FullAccounts 2022-04-01 2023-03-31 10702415 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 10702415









ZEFF ASSOCIATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
ZEFF ASSOCIATES LIMITED
REGISTERED NUMBER: 10702415

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 6 
44,194
18,985

Cash at bank and in hand
  
88,110
83,942

  
132,304
102,927

Creditors: amounts falling due within one year
 7 
(59,506)
(60,819)

Net current assets
  
 
 
72,798
 
 
42,108

Total assets less current liabilities
  
72,798
42,108

  

Net assets
  
72,798
42,108


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
72,796
42,106

  
72,798
42,108


Page 1

 
ZEFF ASSOCIATES LIMITED
REGISTERED NUMBER: 10702415
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers 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 director acknowledges his 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 profit and loss account 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: 

J C Zeff
Director

Date: 7 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ZEFF ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Zeff Associates Limited is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Director's report. 

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

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the director has adopted the going concern basis of accounting in preparing the financial statements. 

 
2.3

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
ZEFF ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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.

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:

Office 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

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

 
ZEFF ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2022
990



At 31 March 2023

990



Depreciation


At 1 April 2022
990



At 31 March 2023

990



Net book value



At 31 March 2023
-



At 31 March 2022
-


6.


Debtors

2023
2022
£
£


Trade debtors
-
1,200

Prepayments and accrued income
44,194
17,785

44,194
18,985


Page 5

 
ZEFF ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
25,963
26,111

Other taxation and social security
9,955
10,922

Other creditors
21,138
21,336

Accruals and deferred income
2,450
2,450

59,506
60,819



8.


Deferred taxation


2022


£






At beginning of year
(38)


Charged to profit or loss
38



At end of year
-


9.


Related party transactions

Included in others creditors is a Director's loan of £21,138 (2022: £21,336) provided to the Company. No interest is charged on this balance and it is repayable on demand.

 
Page 6