Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-06-01falseproviding influencer marketing and talent management services43false 13408751 2022-06-01 2023-05-31 13408751 2021-06-01 2022-05-31 13408751 2023-05-31 13408751 2022-05-31 13408751 c:Director1 2022-06-01 2023-05-31 13408751 d:FurnitureFittings 2022-06-01 2023-05-31 13408751 d:FurnitureFittings 2023-05-31 13408751 d:FurnitureFittings 2022-05-31 13408751 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 13408751 d:ComputerEquipment 2022-06-01 2023-05-31 13408751 d:ComputerEquipment 2023-05-31 13408751 d:ComputerEquipment 2022-05-31 13408751 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 13408751 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 13408751 d:CurrentFinancialInstruments 2023-05-31 13408751 d:CurrentFinancialInstruments 2022-05-31 13408751 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 13408751 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 13408751 d:ShareCapital 2023-05-31 13408751 d:ShareCapital 2022-05-31 13408751 d:RetainedEarningsAccumulatedLosses 2023-05-31 13408751 d:RetainedEarningsAccumulatedLosses 2022-05-31 13408751 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 13408751 d:AcceleratedTaxDepreciationDeferredTax 2022-05-31 13408751 d:RetirementBenefitObligationsDeferredTax 2023-05-31 13408751 d:RetirementBenefitObligationsDeferredTax 2022-05-31 13408751 c:OrdinaryShareClass1 2022-06-01 2023-05-31 13408751 c:OrdinaryShareClass1 2023-05-31 13408751 c:OrdinaryShareClass1 2022-05-31 13408751 c:FRS102 2022-06-01 2023-05-31 13408751 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 13408751 c:FullAccounts 2022-06-01 2023-05-31 13408751 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 13408751 2 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13408751














ZGA DIGITAL LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

 
ZGA DIGITAL LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 7


 
ZGA DIGITAL LIMITED
REGISTERED NUMBER:13408751

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
3,728
1,975

  
3,728
1,975

Current assets
  

Debtors: amounts falling due within one year
 6 
253,326
77,617

Cash at bank and in hand
 7 
299,568
102,810

  
552,894
180,427

Creditors: amounts falling due within one year
 8 
(481,033)
(120,996)

Net current assets
  
 
 
71,861
 
 
59,431

Total assets less current liabilities
  
75,589
61,406

Provisions for liabilities
  

Deferred tax
 9 
(872)
(494)

  
 
 
(872)
 
 
(494)

Net assets
  
74,717
60,912


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
74,617
60,812

  
74,717
60,912


1

 
ZGA DIGITAL LIMITED
REGISTERED NUMBER:13408751
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 January 2024.




Z G Appleton
Director

The notes on pages 3 to 7 form part of these financial statements.

2

 
ZGA DIGITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

ZGA Digital Limited is a private company, limited by shares, registered in England and Wales, registered number 13408751. The registered office address is 85-87 Bayham Street, London, NW1 0AG and the trading address of the business is Devonshire House, Manor Way, Borehamwood, WD6 1QQ.
 
The principal activity of the company is providing influencer marketing and talent management services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover from provision of influencer marketing and talent management services are recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3

 
ZGA DIGITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporate tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Straight-line
Computer equipment
-
33%
Straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

4

 
ZGA DIGITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.10

 Creditors

Short-term creditors are measured at the transaction price. 

 
2.11

 Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

 
2.12

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition
of financial assets and liabilities like trade and other debtors and creditors, loans from banks and
other third parties, and loans to related parties.

 
2.13

  Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 3).


4.


Dividends

2023
2022
£
£


Dividends
100,000
11,500

5

 
ZGA DIGITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost 


At 1 June 2022
399
1,770
2,169


Additions
-
3,119
3,119



At 31 May 2023

399
4,889
5,288



Depreciation


At 1 June 2022
8
186
194


Charge for the year on owned assets
100
1,266
1,366



At 31 May 2023

108
1,452
1,560



Net book value



At 31 May 2023
291
3,437
3,728



At 31 May 2022
390
1,585
1,975


6.


Debtors

2023
2022
£
£


Trade debtors
214,245
74,167

Other debtors
36,239
750

Prepayments and accrued income
2,842
2,700

253,326
77,617



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank
299,568
102,810


6

 
ZGA DIGITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
12,653
-

Corporation tax
28,820
17,114

Other taxation and social security
42,712
49,265

Other creditors
163,035
5,189

Accruals
233,813
49,428

481,033
120,996



9.


Deferred taxation




2023


£






At beginning of year
(494)


Charged to profit or loss
(378)



At end of year
(872)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(932)
(494)

Short term timing differences
60
-

(872)
(494)


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



11.


Related party transactions

Included within other creditors at the year end is balance totalling £6,879 (2022- £5,189) due to the director. The loan is interest free and repayable on demand.
During the year, the director has been paid dividends totalling £30,000 (2022-£11,500).

 
7