Zog Solutions Ltd 08162860 IT consultants false 1 July 2022 08162860 2022-07-01 2023-06-30 08162860 2022-06-30 08162860 2023-06-30 08162860 2021-08-01 2022-06-30 08162860 2021-07-31 08162860 2022-06-30 08162860 frs102-bus:FRS102 2022-07-01 2023-06-30 08162860 frs102-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08162860 frs102-bus:FullAccounts 2022-07-01 2023-06-30 08162860 frs102-bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 08162860 frs102-core:CurrentFinancialInstruments 2023-06-30 08162860 frs102-core:CurrentFinancialInstruments 2022-06-30 08162860 frs102-core:ShareCapital 2023-06-30 08162860 frs102-core:ShareCapital 2022-06-30 08162860 frs102-core:RetainedEarningsAccumulatedLosses 2023-06-30 08162860 frs102-core:RetainedEarningsAccumulatedLosses 2022-06-30 08162860 frs102-bus:Director1 2022-07-01 2023-06-30 08162860 frs102-core:ToolsEquipment 2022-07-01 2023-06-30 08162860 frs102-core:OtherResidualIntangibleAssets 2022-06-30 08162860 frs102-core:OtherResidualIntangibleAssets 2023-06-30 08162860 frs102-core:OtherResidualIntangibleAssets 2022-07-01 2023-06-30 08162860 frs102-core:OtherResidualIntangibleAssets 2022-06-30 08162860 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2022-06-30 08162860 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2022-07-01 2023-06-30 08162860 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2023-06-30 08162860 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2022-06-30 08162860 frs102-bus:OrdinaryShareClass1 2023-06-30 08162860 frs102-bus:OrdinaryShareClass1 2022-06-30 08162860 frs102-bus:OrdinaryShareClass1 2022-07-01 2023-06-30 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
08162860
Zog Solutions Ltd
Unaudited Accounts
for the year ended
30 June 2023
Zog Solutions Ltd
Balance Sheet
as at 30 June 2023
Notes
2023
£
2022
£
Fixed assets
Intangible assets 3 3,200 3,600
Tangible assets 4 2,886 300
6,086 3,900
Current assets
Debtors 5 910,709 853,486
Cash at bank and in hand 749,359 3,106
1,660,068 856,592
Prepayments and accrued income: 2,700 3,600
Creditors: amounts falling due within one year 6 (501,230) (229,420)
Net current assets / (liabilities) 1,161,538 630,772
Total assets less current liabilities 1,167,624 634,672
Provisions for liabilities (0) (0)
Total net assets (liabilities) 1,167,624 634,672
Capital and reserves
Called up share capital 7 100 100
Profit and loss account 1,167,524 634,572
Shareholders' funds 1,167,624 634,672

Zog Solutions Ltd
Balance Sheet
as at 30 June 2023



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 30 June 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr K Bastian

Director


Approved by the board on 15 April 2024

Company Number: 08162860 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

19-20 North Mills
Frog Island
Leicester
LE3 5DH
England

Zog Solutions Ltd
Notes to the Accounts
for the year ended 30 June 2023

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer refunds and other similar allowances. Revenue from the sale of services is recognised when services are provided.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Equipment 25% Straight Line
Leases and hire purchase contracts
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful economic lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are are included in creditors net of finance charges allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme, with contributions charged to the profit and loss account for the year in which they are payable to the scheme.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares that are measured at fair value. Derivative financial instruments are initially recorded at cost and thereafter at fair value. All changes in fair value are recognised in the profit or loss account in the period in which they occurred.
2. Employees
2023 2022
Average number of employees during the period 5 2

3. Intangible fixed assets
Other Total
Cost £ £
At 1 July 2022 4,000 4,000
At 30 June 2023 4,000 4,000
Amortisation
At 1 July 2022 400 400
Provided during the period 400 400
At 30 June 2023 800 800
Net book value
At 30 June 2023 3,200 3,200
At 30 June 2022 3,600 3,600

4. Tangible fixed assets
Equipment Total
Cost or valuation £ £
At 1 July 2022 400 400
Additions 3,582 3,582
At 30 June 2023 3,982 3,982
Depreciation
At 1 July 2022 100 100
Charge for the period 996 996
At 30 June 2023 1,096 1,096
Net book value
At 30 June 2023 2,886 2,886
At 30 June 2022 300 300

5. Debtors
2023 2022
£ £
Trade debtors 902,084 850,000
Other debtors 8,625 3,486
910,709 853,486

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 3,226 3,650
Taxation & social security 198,889 154,434
Other creditors 299,115 71,336
501,230 229,420

7. Share capital
2023 2022
£ £
Allotted, called up and fully paid:
100 (2022: 100) Ordinary shares of £1.00 each 100 100
100 100

8. Related party disclosures

During the period of accounts a transaction occurred between this company and a related party, Foxglove Energy Supply Ltd. The relationship between the parties is they are associated companies. The company made sales of £1,090,666 (2022 - £855,000) to the related party. At the balance sheet date the related party owed the company £902,084 (2022 - £850,000).

During the period of accounts a transaction occurred between this company and a related party, Outfox The Market Ltd. The relationship between the parties is they are associated companies. The company had a loan account with the related party. At the balance sheet date the company owed the related party £299,115 (2022 - £71,336).