1 April 2022 v2023.27.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP067438522022-04-012023-03-31067438522023-03-31067438522022-03-3106743852core:WithinOneYear2023-03-3106743852core:WithinOneYear2022-03-3106743852core:AfterOneYear2022-03-3106743852core:ShareCapital2023-03-3106743852core:ShareCapital2022-03-3106743852core:RetainedEarningsAccumulatedLosses2023-03-3106743852core:RetainedEarningsAccumulatedLosses2022-03-3106743852bus:Director12022-04-012023-03-3106743852bus:RegisteredOffice2022-04-012023-03-3106743852core:PlantMachinery2022-04-012023-03-3106743852core:FurnitureFittings2022-04-012023-03-3106743852core:OfficeEquipment2022-04-012023-03-31067438522021-04-012022-03-3106743852core:IntangibleAssetsOtherThanGoodwill2023-03-3106743852core:PlantMachinery2022-04-0106743852core:PlantMachinery2023-03-3106743852core:CostValuation2022-04-0106743852core:CostValuation2023-03-3106743852core:ProvisionsForImpairmentInvestments2022-04-0106743852core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3106743852core:ProvisionsForImpairmentInvestments2023-03-3106743852core:FinancialAssetsFairValue2023-03-3106743852core:FinancialAssetsFairValue2022-03-310674385212022-04-012023-03-3106743852countries:EnglandWales2022-04-012023-03-3106743852bus:AuditExemptWithAccountantsReport2022-04-012023-03-3106743852bus:PrivateLimitedCompanyLtd2022-04-012023-03-3106743852bus:SmallEntities2022-04-012023-03-3106743852bus:FullAccounts2022-04-012023-03-31
Company registration number:
06743852
ZFL(UK) Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2023
ZFL(UK) Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of ZFL(UK) Limited
Year ended
31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
ZFL(UK) Limited
for the year ended
31 March 2023
which comprise the income statement, statement of income and retained earnings, statement of financial position and 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 at icaew.com/​regulations.
This report is made solely to the Board of Directors of
ZFL(UK) Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
ZFL(UK) Limited
and state those matters that we have agreed to state to the Board of Directors of
ZFL(UK) Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
ZFL(UK) Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
ZFL(UK) 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
ZFL(UK) Limited
. You consider that
ZFL(UK) 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 ZFL(UK) 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.
Proud Goulbourn Accountants Limited
Office 16, Hamilton Davies House
117c Liverpool Road
Cadishead
Manchester
M44 5BG
United Kingdom
Date:
20 November 2023
ZFL(UK) Limited
Statement of Financial Position
31 March 2023
20232022
Note££
Fixed assets    
Tangible assets 6
24,821
  -  
Investments 7
59,252
 
61,189
 
84,073
 
61,189
 
Current assets    
Debtors 8
17,392
 
18,670
 
Cash at bank and in hand
22,962
 
25,687
 
40,354
 
44,357
 
Creditors: amounts falling due within one year 9
(73,584
)
(55,550
)
Net current liabilities
(33,230
)
(11,193
)
Total assets less current liabilities 50,843   49,996  
Creditors: amounts falling due after more than one year 10 -  
(12,000
)
Net assets
50,843
 
37,996
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
50,743
 
37,896
 
Shareholders funds
50,843
 
37,996
 
For the year ending
31 March 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
20 November 2023
, and are signed on behalf of the board by:
S Prescott
Director
Company registration number:
06743852
ZFL(UK) Limited
Notes to the Financial Statements
Year ended
31 March 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
39 The Barn
,
Barn Lane
,
Golborne
,
Warrington
,
WA3 3NU
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for service provided.
.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
20% straight line
Fixtures and fittings
15% straight line
Office equipment
33% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows:
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2022:
1
).

5 Intangible assets

Other intangible assets
£
Cost  
At
1 April 2022
and
31 March 2023
15,954
 
Amortisation  
At
1 April 2022
and
31 March 2023
15,954
 
Carrying amount  
At
31 March 2023
-  
At 31 March 2022 -  

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2022
11,313
 
Additions
31,365
 
Disposals
(1,362
)
At
31 March 2023
41,316
 
Depreciation  
At
1 April 2022
11,313
 
Charge
6,544
 
Disposals
(1,362
)
At
31 March 2023
16,495
 
Carrying amount  
At
31 March 2023
24,821
 
At 31 March 2022 -  

7 Investments

Other investments other than loans
£
Cost  
At
1 April 2022
68,937
 
At
31 March 2023
68,937
 
Impairment  
At
1 April 2022
7,748
 
Other movements
1,937
 
At
31 March 2023
9,685
 
Carrying amount  
At
31 March 2023
59,252
 
At 31 March 2022
61,189
 

8 Debtors

20232022
££
Trade debtors
17,392
 
18,670
 

9 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts -  
3,436
 
Taxation and social security
12,697
 
12,965
 
Other creditors
60,887
 
39,149
 
73,584
 
55,550
 

10 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts -  
12,000
 

11 Financial instruments and other assets measured at fair value through profit or loss

The fair value of financial instruments and other assets measured at fair value through profit or loss was as follows:
20232022
££
Financial assets measured at fair value through profit or loss
59,252
 
61,189
 

12 Director's advances, credit and guarantees

The balance on the directors loan account was £32,452 (2021 £27,510)
The account remained in credit throughout the year.