REGISTERED NUMBER: 01707841 (England and Wales) |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 |
FOR |
ZEISER LIMITED |
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: |
Secretary: |
Registered office: |
Registered number: |
Independent auditors: |
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 |
Tangible assets | 5 |
Current assets |
Debtors | 6 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 9 |
Retained earnings |
Shareholders' funds |
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 |
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 |
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. |
Tangible fixed assets |
Plant and machinery | - |
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 |
4. | Intangible fixed assets |
Other |
intangible |
assets |
£ |
Cost |
At 1 January 2022 |
and 31 December 2022 |
Amortisation |
At 1 January 2022 |
Charge for year |
At 31 December 2022 |
Net book value |
At 31 December 2022 |
At 31 December 2021 |
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 |
Depreciation |
At 1 January 2022 |
Charge for year |
At 31 December 2022 |
Net book value |
At 31 December 2022 |
At 31 December 2021 |
6. | Debtors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Trade debtors |
Other debtors |
VAT |
Deferred tax asset |
Tax losses carried forward |
Prepayments and accrued income |
7. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Trade creditors |
Social security and other taxes |
Other creditors |
Accruals and deferred income |
8. | Leasing agreements |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2022 | 2021 |
£ | £ |
Within one year |
Between one and five years |
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: | £ | £ |
Ordinary | £1 | 2 | 2 |
10. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the auditors was unqualified. |
for and on behalf of |
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 |