2022-08-01 09118914 2023-07-31 09118914 2022-08-01 2023-07-31 09118914 2022-07-31 09118914 2021-08-01 2022-07-31 09118914 uk-core:WithinOneYear uk-bus:Original 2022-07-31 09118914 uk-core:WithinOneYear uk-bus:Original 2023-07-31 09118914 uk-core:AfterOneYear uk-bus:Original 2022-07-31 09118914 uk-core:AfterOneYear uk-bus:Original 2023-07-31 09118914 uk-core:ShareCapital uk-bus:Original 2023-07-31 09118914 uk-core:ShareCapital uk-bus:Original 2022-07-31 09118914 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-07-31 09118914 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-07-31 09118914 uk-bus:Director1 uk-bus:Original 2022-08-01 2023-07-31 09118914 uk-core:NetGoodwill uk-bus:Original 2022-08-01 2023-07-31 09118914 uk-core:PlantMachinery uk-bus:Original 2022-08-01 2023-07-31 09118914 uk-core:ToolsEquipment uk-bus:Original 2022-08-01 2023-07-31 09118914 uk-core:MotorCars uk-bus:Original 2022-08-01 2023-07-31 09118914 uk-core:Goodwill uk-bus:Original 2022-07-31 09118914 uk-core:Goodwill uk-bus:Original 2023-07-31 09118914 uk-core:ToolsEquipment uk-bus:Original 2022-07-31 09118914 uk-core:MotorCars uk-bus:Original 2022-07-31 09118914 uk-core:PlantMachinery uk-bus:Original 2022-07-31 09118914 uk-core:PlantMachinery uk-bus:Original 2023-07-31 09118914 uk-core:MotorCars uk-bus:Original 2023-07-31 09118914 uk-core:ToolsEquipment uk-bus:Original 2023-07-31 09118914 uk-core:WithinOneYear uk-bus:Original 2023-07-31 09118914 uk-core:WithinOneYear uk-bus:Original 2022-07-31 09118914 uk-core:AfterOneYear uk-bus:Original uk-core:Secured 2023-07-31 09118914 uk-core:AfterOneYear uk-bus:Original uk-core:Secured 2022-07-31 iso4217:GBP xbrli:pure 09118914 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-08-01 2023-07-31 09118914 uk-bus:FRS102 uk-bus:Original 2022-08-01 2023-07-31 09118914 uk-bus:FilletedAccounts uk-bus:Original 2022-08-01 2023-07-31 09118914 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-08-01 2023-07-31
Zela Automotive Ltd
Registered Number:09118914
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2023
Zela Automotive Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
09118914
As at 31 July 2023
Zela Automotive Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
40,000
40,000
2
Property, plant and equipment
4,582
5,220
3
44,582
45,220
Current assets
Inventories
51,800
62,000
4
Trade and other receivables
2,500
2,500
5
8,710
Cash and cash equivalents
17,009
81,509
63,010
Trade and other payables: amounts falling due within one
year
(63,396)
(109,306)
6
(386)
(27,797)
Net current liabilities
Total assets less current liabilities
16,785
44,834
Trade and other payables: amounts falling due after more
than one year
(91,379)
(87,526)
7
(70,741)
Net liabilities
(46,545)
Capital and reserves
Called up share capital
100
100
Retained earnings
(70,841)
(46,645)
(70,741)
(46,545)
Shareholders' funds
For the year ended 31 July 2023 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 of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Petrit Zela Director
These financial statements were approved and authorised for issue by the Board on 23 February 2024 and were signed by:
1 of 5
4
Registered Number :
09118914
For the year ended 31 July 2023
Zela Automotive Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 31 July 2023
Zela Automotive Ltd
Notes to the Financial Statements
Statutory Information
Zela Automotive Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09118914.
Principal place of business:
Unit B8
Bumpers Farm Industrial Estate
Chippenham
Wiltshire
SN14 6LH
Registered address:
48 The Causeway
Chippenham
Wiltshire
SN15 3DD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Straight line
25% Straight line
Computer equipment
25% Straight line
Motor vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
3 of 5
6
For the year ended 31 July 2023
Zela Automotive Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 August 2022
40,000
At 31 July 2023
40,000
Net book value
At 31 July 2023
40,000
At 31 July 2022
40,000
3. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 August 2022
47,741
331
5,100
42,310
1,469
1,469
-
-
Additions
At 31 July 2023
42,310
5,100
1,800
49,210
Provision for depreciation and impairment
At 01 August 2022
42,521
331
5,100
37,090
Charge for year
2,107
367
-
1,740
At 31 July 2023
44,628
698
5,100
38,830
At 31 July 2023
Net book value
3,480
-
1,102
4,582
At 31 July 2022
5,220
-
-
5,220
4. Inventories
2022
2023
£
£
Stocks
62,000
51,800
5. Trade and other receivables
2022
2023
£
£
Trade debtors
2,500
2,500
4 of 5
7
For the year ended 31 July 2023
Zela Automotive Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
4,000
4,000
Trade creditors
3,577
3,577
Taxation and social security
769
265
Other creditors
100,960
55,554
109,306
63,396
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
7,526
11,379
Other creditors
80,000
80,000
87,526
91,379
8. Average number of persons employed
During the year the average number of employees was 3 (2022 : 3)
5 of 5