Company Registration No. 10082777 (England and Wales)
Zenith One Ltd
Unaudited accounts
for the period from 1 April 2022 to 31 December 2022
Zenith One Ltd
Unaudited accounts
Contents
Zenith One Ltd
Company Information
for the period from 1 April 2022 to 31 December 2022
Directors
Jacek Marcin Wojcik
Krzysztof Klein
Company Number
10082777 (England and Wales)
Registered Office
Zenith One Ltd
85 Great Portland Street
London
London
W1W 7LT
England
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
Zenith One Ltd
Statement of financial position
as at 31 December 2022
Cash at bank and in hand
18,672
1,335
Creditors: amounts falling due within one year
(144,584)
(112,072)
Net current assets
120,784
163,726
Net assets
120,784
166,465
Called up share capital
171
171
Share premium
736,986
733,990
Capital contribution reserve
25,550
-
Profit and loss account
(641,923)
(567,696)
Shareholders' funds
120,784
166,465
For the period ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by
Jacek Marcin Wojcik
Director
Company Registration No. 10082777
Zenith One Ltd
Notes to the Accounts
for the period from 1 April 2022 to 31 December 2022
Zenith One Ltd is a private company, limited by shares, registered in England and Wales, registration number 10082777. The registered office is Zenith One Ltd, 85 Great Portland Street, London, London, W1W 7LT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Expenditure on research and development is written off in the year in which it is incurred.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line Method - 33.33%
Computer equipment
Straight Line Method - 33.33%
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Prepayments were reviewed during the current year and it was noted that some prepayments relating to previous periods were valued incorrectly.
This required an adjustment for the financial year ended 31st March 2022.
This has resulted in a decrease in shareholders' funds from £166,799 to £166,465.
Zenith One Ltd
Notes to the Accounts
for the period from 1 April 2022 to 31 December 2022
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
1,457
16,561
18,018
Disposals
(991)
(3,330)
(4,321)
At 31 December 2022
466
13,231
13,697
At 1 April 2022
1,106
14,173
15,279
Charge for the period
(640)
(942)
(1,582)
At 31 December 2022
466
13,231
13,697
At 31 March 2022
351
2,388
2,739
5
Debtors
31/12/2022
31/03/2022
Amounts falling due within one year
Other debtors
221,927
236,309
Amounts falling due after more than one year
Other debtors
24,469
24,469
6
Creditors: amounts falling due within one year
31/12/2022
31/03/2022
Trade creditors
48,569
52,212
Taxes and social security
82,390
54,750
7
Transactions with related parties
During the year the company made advances to the directors totalling £27,356 (2022: £14,979) and received repayments from the directors totalling £40,141 (2022: £11,315).
At the Statement of financial position date the directors owed the company £180,151 (2022: £192,937). The Loans are interest free and repayable on demand.
8
Average number of employees
During the period the average number of employees was 2 (31/03/2022: 2).