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REGISTERED NUMBER: 01707841 (England and Wales)











FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

ZEISER LIMITED

ZEISER LIMITED (REGISTERED NUMBER: 01707841)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


ZEISER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







Directors: Mr K Malsbury
Mr T Tritschler





Secretary: Mrs J Lomas





Registered office: Samar House
North Way
Andover
Hampshire
SP10 5AZ





Registered number: 01707841 (England and Wales)





Independent auditors: Kynance Ltd t/as England and Company
7 & 8 Church Street
Wimborne
Dorset
BH21 1JH

ZEISER LIMITED (REGISTERED NUMBER: 01707841)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
Fixed assets
Intangible assets 4 17,000 19,000
Tangible assets 5 9,177 10,516
26,177 29,516

Current assets
Debtors 6 107,019 441,921
Cash at bank and in hand 859,241 994,039
966,260 1,435,960
Creditors
Amounts falling due within one year 7 42,580 85,459
Net current assets 923,680 1,350,501
Total assets less current liabilities 949,857 1,380,017

Capital and reserves
Called up share capital 9 2 2
Retained earnings 949,855 1,380,015
Shareholders' funds 949,857 1,380,017

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 Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:





Mr K Malsbury - Director


ZEISER LIMITED (REGISTERED NUMBER: 01707841)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. Statutory information

Zeiser Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01707841. The Registered Office and business address is Samar House, North Way, Andover, Hampshire SP10 5AZ.

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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 December 2022 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of transition to FRS 102 Section 1A is 1 January 2021.

Turnover
Turnover represents the fair value, net of Value Added Tax, of goods sold and services provided to customers net of trade discounts.

Turnover is recognised on dispatch to the customer for manufactured / bought in goods. Turnover generated by service contracts are recognised on a monthly basis over the term of the contract.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 3 - 10 years on the straight line basis

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 balance sheet date.

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

ZEISER LIMITED (REGISTERED NUMBER: 01707841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


2. Accounting policies - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 7 (2021 - 7 ) .

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 January 2022
and 31 December 2022 20,000
Amortisation
At 1 January 2022 1,000
Charge for year 2,000
At 31 December 2022 3,000
Net book value
At 31 December 2022 17,000
At 31 December 2021 19,000

ZEISER LIMITED (REGISTERED NUMBER: 01707841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


5. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 January 2022
and 31 December 2022 15,900
Depreciation
At 1 January 2022 5,384
Charge for year 1,339
At 31 December 2022 6,723
Net book value
At 31 December 2022 9,177
At 31 December 2021 10,516

6. Debtors: amounts falling due within one year
2022 2021
£    £   
Trade debtors 64,266 63,500
Other debtors - 268,777
VAT 4,907 5,366
Deferred tax asset
Tax losses carried forward 28,067 84,063
Prepayments and accrued income 9,779 20,215
107,019 441,921

7. Creditors: amounts falling due within one year
2022 2021
£    £   
Trade creditors - 157
Social security and other taxes 20,732 10,934
Other creditors 5,553 4,756
Accruals and deferred income 16,295 69,612
42,580 85,459

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 12,000 14,695
Between one and five years 3,000 -
15,000 14,695

ZEISER LIMITED (REGISTERED NUMBER: 01707841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2 Ordinary £1 2 2

10. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the auditors was unqualified.

Ms Cheryl Lawes (Senior Statutory Auditor)
for and on behalf of Kynance Ltd t/as England and Company

11. Controlling party

The immediate parent company is Zeiser Gmbh, a company registered in Germany, which owns 100% of the ordinary share capital of Zeiser Limited and is the smallest group to consolidate these financial statements.

Zeiser Gmbh prepares group financial statements and copies of these can be obtained from - Bogenstrasse 6-8, D78576, Emmingen, Germany.

The ultimate parent undertaking and controlling party is Orell Fussli Holding AG, a company registered in Switzerland, which owns 100% of the shares in Zeiser Gmbh and is the largest group to consolidate these financial statements.

Orell Fussli Holdings AG, prepares group financial statements and copies can be obtained from - Dietzinerstrasse 3, CH-8036, Zurich, Switzerland.

12. First year adoption

These financial statements for the year ended 31 December 2022 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 01 January 2021..

The transition to FRS102 Section 1A small entities has resulted in a small number of changes in accounting policies to those previously used.

The nature of these changes and their impact on opening equity and profit, where applicable, is detailed in the notes to these financial statements