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REGISTERED NUMBER: 07953229 (England and Wales)








Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Zeal Events Limited

Zeal Events Limited (Registered number: 07953229)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Zeal Events Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: S Hough
I Wood





REGISTERED OFFICE: Unit 4, The I O Centre
Brunel Road
Basingstoke
Hampshire
RG21 6TZ





REGISTERED NUMBER: 07953229 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Zeal Events Limited (Registered number: 07953229)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,350,905 1,311,320

CURRENT ASSETS
Debtors 5 217,125 152,159
Cash at bank 16,433 76,215
233,558 228,374
CREDITORS
Amounts falling due within one year 6 558,131 487,651
NET CURRENT LIABILITIES (324,573 ) (259,277 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,026,332

1,052,043

CREDITORS
Amounts falling due after more than one
year

7

(251,428

)

(438,985

)

PROVISIONS FOR LIABILITIES 10 (225,496 ) (124,628 )
NET ASSETS 549,408 488,430

CAPITAL AND RESERVES
Called up share capital 11 360 360
Retained earnings 549,048 488,070
SHAREHOLDERS' FUNDS 549,408 488,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Zeal Events Limited (Registered number: 07953229)

Balance Sheet - continued
29 February 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 12 April 2024 and were signed on its behalf by:





S Hough - Director


Zeal Events Limited (Registered number: 07953229)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Zeal Events 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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, adjusted for indexation where applicable.

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.

Zeal Events Limited (Registered number: 07953229)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


2. ACCOUNTING POLICIES - continued

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 2,124,930 31,721 69,598 2,226,249
Additions 455,625 2,606 27,019 485,250
Disposals (114,994 ) - - (114,994 )
At 29 February 2024 2,465,561 34,327 96,617 2,596,505
DEPRECIATION
At 1 March 2023 859,332 17,249 38,348 914,929
Charge for year 402,842 5,687 20,229 428,758
Eliminated on disposal (98,087 ) - - (98,087 )
At 29 February 2024 1,164,087 22,936 58,577 1,245,600
NET BOOK VALUE
At 29 February 2024 1,301,474 11,391 38,040 1,350,905
At 28 February 2023 1,265,598 14,472 31,250 1,311,320

The net book value of tangible fixed assets includes £421,309 (2023: £601,064) in respect of assets held under finance leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £156,898 (2023: £159,840) for the year.

Zeal Events Limited (Registered number: 07953229)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 196,782 126,645
Other debtors 20,343 25,514
217,125 152,159

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts (see note 8) 144,334 212,227
Trade creditors 273,889 50,385
Taxation and social security 79,824 150,535
Other creditors 10,084 24,504
558,131 487,651

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 66,667 116,667
Hire purchase contracts (see note 8) 184,761 322,318
251,428 438,985

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
29.2.24 28.2.23
£    £   
Net obligations repayable:
Within one year 144,334 212,227
Between one and five years 184,761 322,318
329,095 534,545

Non-cancellable operating leases
29.2.24 28.2.23
£    £   
Within one year 42,214 46,192
Between one and five years 64,750 106,964
106,964 153,156

Zeal Events Limited (Registered number: 07953229)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 116,667 166,667

The bank loan is secured via a fixed and floating charge over the company's assets.

10. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 225,496 124,628

Deferred
tax
£   
Balance at 1 March 2023 124,628
Provided during year 100,868
Accelerated capital allowances
Balance at 29 February 2024 225,496

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
300 Ordinary A £1 300 300
60 Ordinary B £1 60 60
360 360