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REGISTERED NUMBER: 09625180 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Zapiet Ltd

Zapiet Ltd (Registered number: 09625180)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Zapiet Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: A Cargill
Miss E Amorim Maciel





REGISTERED OFFICE: 14 Horncastle Road
Louth
Lincolnshire
LN11 9LD





REGISTERED NUMBER: 09625180 (England and Wales)

Zapiet Ltd (Registered number: 09625180)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,854 61,886
Investments 5 5,000 5,000
54,854 66,886

CURRENT ASSETS
Debtors 6 90,992 118,533
Cash at bank 2,105,530 1,670,545
2,196,522 1,789,078
CREDITORS
Amounts falling due within one year 7 215,887 250,512
NET CURRENT ASSETS 1,980,635 1,538,566
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,035,489

1,605,452

PROVISIONS FOR LIABILITIES 12,463 11,758
NET ASSETS 2,023,026 1,593,694

CAPITAL AND RESERVES
Called up share capital 200 100
Retained earnings 2,022,826 1,593,594
SHAREHOLDERS' FUNDS 2,023,026 1,593,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 January 2024 and were signed on its behalf by:





A Cargill - Director


Zapiet Ltd (Registered number: 09625180)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Zapiet Ltd 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2022 - 2 ) .

Zapiet Ltd (Registered number: 09625180)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 260 3,272 53,395 38,713 95,640
Additions - 860 - 8,333 9,193
At 30 June 2023 260 4,132 53,395 47,046 104,833
DEPRECIATION
At 1 July 2022 11 719 14,540 18,484 33,754
Charge for year 62 753 9,714 10,696 21,225
At 30 June 2023 73 1,472 24,254 29,180 54,979
NET BOOK VALUE
At 30 June 2023 187 2,660 29,141 17,866 49,854
At 30 June 2022 249 2,553 38,855 20,229 61,886

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022
and 30 June 2023 5,000
NET BOOK VALUE
At 30 June 2023 5,000
At 30 June 2022 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 76,297 96,019
Other debtors 14,695 22,514
90,992 118,533

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts - 873
Trade creditors 1,067 4,681
Taxation and social security 161,981 210,554
Other creditors 52,839 34,404
215,887 250,512

Zapiet Ltd (Registered number: 09625180)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
A Cargill
Balance outstanding at start of year (1,821 ) (554 )
Amounts advanced 182,974 429,303
Amounts repaid (181,894 ) (430,570 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (741 ) (1,821 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is A Cargill.