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REGISTERED NUMBER: 07146404 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ZENETIC LTD

ZENETIC LTD (REGISTERED NUMBER: 07146404)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ZENETIC LTD

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: T M Jewitt





REGISTERED OFFICE: Oakfield House
Hazlewood
Skipton
North Yorkshire
BD23 6JA





REGISTERED NUMBER: 07146404 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

ZENETIC LTD (REGISTERED NUMBER: 07146404)

STATEMENT OF FINANCIAL POSITION
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,621 5,119

CURRENT ASSETS
Debtors 5 16,714 18,299
Cash at bank 126,932 55,586
143,646 73,885
CREDITORS
Amounts falling due within one year 6 41,721 26,993
NET CURRENT ASSETS 101,925 46,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,546

52,011

PROVISIONS FOR LIABILITIES 1,517 973
NET ASSETS 106,029 51,038

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 105,929 50,938
SHAREHOLDERS' FUNDS 106,029 51,038

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

ZENETIC LTD (REGISTERED NUMBER: 07146404)

STATEMENT OF FINANCIAL POSITION - continued
31 March 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2023 and were signed by:





T M Jewitt - Director


ZENETIC LTD (REGISTERED NUMBER: 07146404)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Zenetic 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The principle accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover represents the net invoice value, excluding value added tax, of services provided.

Turnover is recognised when an invoice is raised after the provision of the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

Financial instruments
Debt instruments that are payable or receivable within one year, typically trade creditors and trade debtors, are measured initially and subsequently at the undiscounted amount of cash that is expected to be paid or received.

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 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.

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.

3. EMPLOYEES AND DIRECTORS

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

ZENETIC LTD (REGISTERED NUMBER: 07146404)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 941 6,267 2,504 9,712
Additions - 489 999 1,488
At 31 March 2023 941 6,756 3,503 11,200
DEPRECIATION
At 1 April 2022 450 1,785 2,358 4,593
Charge for year 73 712 201 986
At 31 March 2023 523 2,497 2,559 5,579
NET BOOK VALUE
At 31 March 2023 418 4,259 944 5,621
At 31 March 2022 491 4,482 146 5,119

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,621 18,298
Other debtors 93 1
16,714 18,299

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,300 -
Corporation tax 25,941 11,293
Social security and other taxes 12,493 8,954
Directors' loan accounts 326 365
Accrued expenses 1,661 6,381
41,721 26,993