Zapp IT&C Limited |
Registered number: |
11344229 |
Balance Sheet |
as at 30 November 2022 |
|
Notes |
|
|
2022 |
|
|
2021 |
£ |
£ |
Fixed assets |
Intangible assets |
3 |
|
|
6,000 |
|
|
7,000 |
Tangible assets |
4 |
|
|
- |
|
|
271 |
|
|
|
|
6,000 |
|
|
7,271 |
|
Current assets |
Stocks |
|
|
25,000 |
|
|
25,000 |
Debtors |
5 |
|
21,749 |
|
|
12,424 |
Cash at bank and in hand |
|
|
1,236 |
|
|
1,175 |
|
|
|
47,985 |
|
|
38,599 |
|
Creditors: amounts falling due within one year |
6 |
|
(82,990) |
|
|
(76,968) |
|
Net current liabilities |
|
|
|
(35,005) |
|
|
(38,369) |
|
Total assets less current liabilities |
|
|
|
(29,005) |
|
|
(31,098) |
|
Creditors: amounts falling due after more than one year |
7 |
|
|
(38,468) |
|
|
(43,764) |
|
|
|
Net liabilities |
|
|
|
(67,473) |
|
|
(74,862) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1 |
|
|
1 |
Profit and loss account |
|
|
|
(67,474) |
|
|
(74,863) |
|
Shareholder's funds |
|
|
|
(67,473) |
|
|
(74,862) |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his 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. |
|
|
|
I Muscan, Esq. |
Director |
Approved by the board on 5 February 2024 |
|
Zapp IT&C Limited |
Notes to the Accounts |
for the year ended 30 November 2022 |
|
|
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 related services and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 4 years |
|
Computers |
over 3 years |
|
|
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. |
|
|
2 |
Employees |
2022 |
|
2021 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 December 2021 |
10,000 |
|
At 30 November 2022 |
10,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 December 2021 |
3,000 |
|
Provided during the year |
1,000 |
|
At 30 November 2022 |
4,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2022 |
6,000 |
|
At 30 November 2021 |
7,000 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years. |
|
|
4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 December 2021 |
2,087 |
|
At 30 November 2022 |
2,087 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2021 |
1,816 |
|
Charge for the year |
271 |
|
At 30 November 2022 |
2,087 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2022 |
- |
|
At 30 November 2021 |
271 |
|
|
5 |
Debtors |
2022 |
|
2021 |
£ |
£ |
|
|
Pre payments |
- |
|
5,750 |
|
Other debtors |
21,749 |
|
6,674 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
£ |
£ |
|
|
Bank loans and overdrafts |
8,167 |
|
6,300 |
|
Other loans |
766 |
|
- |
|
Amounts owed to related companies |
|
58,081 |
|
38,132 |
|
Taxation and social security costs |
4,377 |
|
3,977 |
|
Other creditors |
11,599 |
|
28,559 |
|
|
|
|
|
|
82,990 |
|
76,968 |
|
|
|
|
|
|
|
|
|
|
Included in creditors is £5,479 (2021: £9,599) owing to the director. The loan is interest-free and there is no fixed date of repayment. The director has confirmed that the loan will only be repaid as and when cash flow permits. |
|
|
7 |
Creditors: amounts falling due after one year |
2022 |
|
2021 |
£ |
£ |
|
|
Bank loans |
38,468 |
|
43,764 |
|
|
|
|
|
|
|
|
|
|
8 |
Going concern |
|
|
The company is dependent on the continued support of its creditors to continue in business. |
|
|
9 |
Related party transactions |
|
|
The director, Mr J Muscan, is director and owner of As You Like It Building Services Ltd, a company incorporated in England & Wales . At the Balance Sheet date there is a balance due to that company of £54,331 (2021:£34,132.) The director, Mr J Muscan, is director and shareholder of As You Like It Maintenance Ltd, a company incorporated in England & Wales . At the Balance Sheet date there is a balance due to that company of £3,750 (2021:£4,000 due from that company) |
|
|
10 |
Controlling party |
|
|
The company is controlled by the director, Mr J Muscan, who owns the entire share capital of the company. |
|
|
11 |
Other information |
|
|
Zapp IT&C Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Devonshire House |
|
582 Honeypot Lane |
|
Stanmore |
|
Middlesex |
|
HA7 1JS |