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Registered Number: 09426970
England and Wales

 

 

 

ZG BUSINESS SERVICES LIMITED T/A ACUMEN ACCOUNTING


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Orix Accountants
31 March 2024



....................................................
Orix Accountants
88 West Road
Newcastle Upon Tyne
NE15 6PR
30 April 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 4 29,000    29,000 
Tangible fixed assets 5 66,602    15,507 
95,602    44,507 
Current assets      
Debtors: amounts falling due within one year 21,803    3,421 
Debtors: amounts falling due after one year   25,000 
Cash at bank and in hand 10,486    5,885 
32,289    34,306 
Creditors: amount falling due within one year (6,154)   (3,868)
Net current assets 26,135    30,438 
 
Total assets less current liabilities 121,737    74,945 
Creditors: amount falling due after more than one year (68,383)   (71,983)
Net assets 53,354    2,962 
 

Capital and reserves
     
Called up share capital 6 100    100 
Profit and loss account 53,254    2,862 
Shareholder's funds 53,354    2,962 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 30 April 2024 and were signed by:


-------------------------------
Wajid AYAZ
Director
2
General Information
ZG Business Services Limited T/A Acumen Accounting is a private company, limited by shares, registered in England and Wales, registration number 09426970, registration address 88-89 West Road, Newcastle Upon Tyne, Tyne and Wear, NE15 6PR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, 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:
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 25% Reducing Balance
2.

Staff Costs

2024
£
  2023
£
Wages and salaries 92,615    63,094 
Other staff costs 7,168   
99,783    63,094 
 
Average number of employees during the year Number   Number
Administration 6    5 
 

3.

Average number of employees

Average number of employees during the year was 6 (2023 : 5).
4.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2023 29,000    29,000 
Additions  
Disposals  
At 31 March 2024 29,000    29,000 
Amortisation
At 01 April 2023  
Charge for year  
On disposals  
At 31 March 2024  
Net book values
At 31 March 2024 29,000    29,000 
At 31 March 2023 29,000    29,000 


5.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2023   10,749    7,560    18,309 
Additions 55,000        55,000 
Disposals      
At 31 March 2024 55,000    10,749    7,560    73,309 
Depreciation
At 01 April 2023   1,290    1,512    2,802 
Charge for year 1,560    1,135    1,210    3,905 
On disposals      
At 31 March 2024 1,560    2,425    2,722    6,707 
Net book values
Closing balance as at 31 March 2024 53,440    8,324    4,838    66,602 
Opening balance as at 01 April 2023   9,459    6,048    15,507 


6.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

3