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REGISTERED NUMBER: 05740502 (England and Wales)















ZEST BUSINESS GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






ZEST BUSINESS GROUP LIMITED (REGISTERED NUMBER: 05740502)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ZEST BUSINESS GROUP LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: S McMurray
D.J. Moore
M D Morland
D K Walenta





SECRETARY: A Moore





REGISTERED OFFICE: Wharncliffe Works
86-88 Green Lane
Sheffield
S3 8SE





REGISTERED NUMBER: 05740502 (England and Wales)





ACCOUNTANTS: Mike Bramall & Co Ltd
Chartered Accountants
Mayfield View
60 School Green Lane
Sheffield
South Yorkshire
S10 4GR

ZEST BUSINESS GROUP LIMITED (REGISTERED NUMBER: 05740502)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 240,228 246,228

CURRENT ASSETS
Debtors 5 41,912 46,672
Investments 6 100 100
Cash at bank 107,751 169,588
149,763 216,360
CREDITORS
Amounts falling due within one year 7 100,725 111,257
NET CURRENT ASSETS 49,038 105,103
TOTAL ASSETS LESS CURRENT
LIABILITIES

289,266

351,331

CREDITORS
Amounts falling due after more than one
year

8

81,851

103,435
NET ASSETS 207,415 247,896

CAPITAL AND RESERVES
Called up share capital 400 400
Share premium 24,980 24,980
Retained earnings 182,035 222,516
SHAREHOLDERS' FUNDS 207,415 247,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ZEST BUSINESS GROUP LIMITED (REGISTERED NUMBER: 05740502)

BALANCE SHEET - continued
31 March 2024


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:





D.J. Moore - Director


ZEST BUSINESS GROUP LIMITED (REGISTERED NUMBER: 05740502)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Zest Business Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 1% on reducing balance
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 tax
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

ZEST BUSINESS GROUP LIMITED (REGISTERED NUMBER: 05740502)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 244,255 37,474 281,729
DEPRECIATION
At 1 April 2023 9,326 26,175 35,501
Charge for year 2,000 4,000 6,000
At 31 March 2024 11,326 30,175 41,501
NET BOOK VALUE
At 31 March 2024 232,929 7,299 240,228
At 31 March 2023 234,929 11,299 246,228

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,912 46,672

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 100 100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 20,000 20,000
Taxation and social security 80,725 91,257
100,725 111,257

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 81,851 103,435

9. LOANS

Amounts falling due after more than one year represents a loan repayable over ten years from 1 April 2019 that is secured on the freehold property.