Registered number
09649178
Zoom Internet Limited
Filleted Accounts
30 June 2023
Zoom Internet Limited
Registered number: 09649178
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 13,250 13,250
Tangible assets 4 21,296 28,394
34,546 41,644
Current assets
Stocks 7,380 7,380
Debtors 5 2,136 6,000
Cash at bank and in hand 534 803
10,050 14,183
Creditors: amounts falling due within one year 6 (24,923) (27,503)
Net current liabilities (14,873) (13,320)
Total assets less current liabilities 19,673 28,324
Creditors: amounts falling due after more than one year 7 (72,690) (90,897)
Provisions for liabilities (4,046) (5,395)
Net liabilities (57,063) (67,968)
Capital and reserves
Called up share capital 2 2
Profit and loss account (57,065) (67,970)
Shareholders' funds (57,063) (67,968)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R H Green
Director
Approved by the board on 15 March 2024
Zoom Internet Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Code of power
Cost
At 1 July 2022 13,250
At 30 June 2023 13,250
Amortisation
At 30 June 2023 -
Net book value
At 30 June 2023 13,250
At 30 June 2022 13,250
The company was awarded Code Powers from Ofcom which is held in perpetuity.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2022 5,057 48,240 53,297
At 30 June 2023 5,057 48,240 53,297
Depreciation
At 1 July 2022 3,728 21,175 24,903
Charge for the year 332 6,766 7,098
At 30 June 2023 4,060 27,941 32,001
Net book value
At 30 June 2023 997 20,299 21,296
At 30 June 2022 1,329 27,065 28,394
5 Debtors 2023 2022
£ £
Trade debtors 900 800
Other debtors 1,236 5,200
2,136 6,000
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 11,111 11,111
Obligations under finance lease and hire purchase contracts 7,560 7,560
Trade creditors and accruals 2,826 2,460
Taxation and social security costs 3,426 6,372
24,923 27,503
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 66,204 76,851
Obligations under finance lease and hire purchase contracts 6,486 14,046
72,690 90,897
8 Controlling party
Controlling parties are Mr R Green and Mrs M Green
9 Other information
Zoom Internet Limited is a private company limited by shares and incorporated in England. Its registered office is:
74 Barrack Lane
Bognor Regis
West Sussex
PO21 4DE
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