2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 5,998 1,194 7,192 3,097 4,095 7,192 2,901 xbrli:pure xbrli:shares iso4217:GBP 13119277 2023-01-01 2023-10-31 13119277 2023-10-31 13119277 2022-12-31 13119277 2022-01-01 2022-12-31 13119277 2022-12-31 13119277 2021-12-31 13119277 bus:Director1 2023-01-01 2023-10-31 13119277 core:WithinOneYear 2023-10-31 13119277 core:WithinOneYear 2022-12-31 13119277 core:AfterOneYear 2023-10-31 13119277 core:AfterOneYear 2022-12-31 13119277 core:ShareCapital 2023-10-31 13119277 core:ShareCapital 2022-12-31 13119277 core:SharePremium 2023-10-31 13119277 core:SharePremium 2022-12-31 13119277 core:RetainedEarningsAccumulatedLosses 2023-10-31 13119277 core:RetainedEarningsAccumulatedLosses 2022-12-31 13119277 bus:SmallEntities 2023-01-01 2023-10-31 13119277 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-10-31 13119277 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-10-31 13119277 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-10-31 13119277 bus:FullAccounts 2023-01-01 2023-10-31 13119277 core:OfficeEquipment 2023-01-01 2023-10-31 13119277 core:OfficeEquipment 2022-12-31 13119277 core:OfficeEquipment 2023-10-31 13119277 bus:Director1 1 2023-01-01 2023-10-31
COMPANY REGISTRATION NUMBER: 13119277
Zash Technologies Limited
Filleted Unaudited Financial Statements
31 October 2023
Zash Technologies Limited
Financial Statements
Period from 1 January 2023 to 31 October 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Zash Technologies Limited
Statement of Financial Position
31 October 2023
31 Oct 23
31 Dec 22
(restated)
Note
£
£
Fixed assets
Tangible assets
5
2,901
Current assets
Debtors
6
7,088
12,118
Cash at bank and in hand
347,149
310,146
---------
---------
354,237
322,264
Creditors: amounts falling due within one year
7
25,024
2,468
---------
---------
Net current assets
329,213
319,796
---------
---------
Total assets less current liabilities
329,213
322,697
Creditors: amounts falling due after more than one year
8
80,000
80,000
---------
---------
Net assets
249,213
242,697
---------
---------
Capital and reserves
Called up share capital
93
93
Share premium account
529,133
529,133
Profit and loss account
( 280,013)
( 286,529)
---------
---------
Shareholders funds
249,213
242,697
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Zash Technologies Limited
Statement of Financial Position (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 17 November 2023 , and are signed on behalf of the board by:
P H Patel
Director
Company registration number: 13119277
Zash Technologies Limited
Notes to the Financial Statements
Period from 1 January 2023 to 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Gemma House, 39 Lilestone Street, London, NW8 8SS, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis which relies upon the continuing support of the investors.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2022: 2 ).
5. Tangible assets
Equipment
£
Cost
At 1 January 2023 (as restated)
5,998
Additions
1,194
-------
At 31 October 2023
7,192
-------
Depreciation
At 1 January 2023
3,097
Charge for the period
4,095
-------
At 31 October 2023
7,192
-------
Carrying amount
At 31 October 2023
-------
At 31 December 2022
2,901
-------
6. Debtors
31 Oct 23
31 Dec 22
(restated)
£
£
Trade debtors
1,525
8,500
Other debtors
5,563
3,618
-------
--------
7,088
12,118
-------
--------
7. Creditors: amounts falling due within one year
31 Oct 23
31 Dec 22
(restated)
£
£
Trade creditors
25,011
Social security and other taxes
486
Other creditors
13
1,982
--------
-------
25,024
2,468
--------
-------
8. Creditors: amounts falling due after more than one year
31 Oct 23
31 Dec 22
(restated)
£
£
Other creditors
80,000
80,000
--------
--------
9. Directors' advances, credits and guarantees
At the period end the company was owed £Nil by the directors (2022: £16).