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REGISTERED NUMBER: 07123846 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2023

for

ZANO CONTROLS LIMITED

ZANO CONTROLS LIMITED (REGISTERED NUMBER: 07123846)






Contents of the Financial Statements
for the year ended 31st July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

ZANO CONTROLS LIMITED

Company Information
for the year ended 31st July 2023







DIRECTOR: M C Lewin





REGISTERED OFFICE: 2 Burton House
Repton Place
White Lion Road
Amersham
Buckinghamshire
HP7 9LP





REGISTERED NUMBER: 07123846 (England and Wales)





ACCOUNTANTS: Jacquards
2 Burton House
Repton Place
White Lion Road
Amersham
Buckinghamshire
HP7 9LP

ZANO CONTROLS LIMITED (REGISTERED NUMBER: 07123846)

Balance Sheet
31st July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,070 54,658

CURRENT ASSETS
Stocks 160,655 162,242
Debtors 5 183,353 148,667
Cash at bank and in hand 103,619 79
447,627 310,988
CREDITORS
Amounts falling due within one year 6 861,526 905,702
NET CURRENT LIABILITIES (413,899 ) (594,714 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(360,829

)

(540,056

)

CREDITORS
Amounts falling due after more than one
year

7

796,135

510,153
NET LIABILITIES (1,156,964 ) (1,050,209 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (1,157,064 ) (1,050,309 )
SHAREHOLDERS' FUNDS (1,156,964 ) (1,050,209 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ZANO CONTROLS LIMITED (REGISTERED NUMBER: 07123846)

Balance Sheet - continued
31st July 2023


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 director and authorised for issue on 1st May 2024 and were signed by:





M C Lewin - Director


ZANO CONTROLS LIMITED (REGISTERED NUMBER: 07123846)

Notes to the Financial Statements
for the year ended 31st July 2023

1. STATUTORY INFORMATION

Zano Controls 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 - 10% to 25% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

ZANO CONTROLS LIMITED (REGISTERED NUMBER: 07123846)

Notes to the Financial Statements - continued
for the year ended 31st July 2023

2. ACCOUNTING POLICIES - continued

Going concern
In conjunction with the most businesses the company's operations have been impacted by global issues following the Coronavirus pandemic. Operations have steadily resumed and the directors are aware of the significant uncertainties that the company specifically and economy in general face for the foreseeable future.

The director has considered the use of the going concern basis of preparation of financial statements for the period ended 31 July 2023, having engaged with other stakeholders. There remain significant uncertainties about the future and the situation is monitored on a continual basis but at this stage there are no plans to permanently cease operations. The director considers the use of going concern basis of accounting is appropriate as the main stakeholders will continue to support the company for the foreseeable future.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2022 340,439
Additions 20,565
At 31st July 2023 361,004
DEPRECIATION
At 1st August 2022 285,781
Charge for year 22,153
At 31st July 2023 307,934
NET BOOK VALUE
At 31st July 2023 53,070
At 31st July 2022 54,658

ZANO CONTROLS LIMITED (REGISTERED NUMBER: 07123846)

Notes to the Financial Statements - continued
for the year ended 31st July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 84,684 90,840
Other debtors 80 80
Tax 86,398 47,090
Prepayments 12,191 10,657
183,353 148,667

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,003 12,942
Trade creditors 230,562 338,118
Tax 72 -
Social security and other taxes 13,760 12,906
VAT 23,842 17,327
Other creditors 7,065 6,832
Directors' current accounts 1,040 728
Accrued expenses 575,182 516,849
861,526 905,702

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,220 10,010
Bank loans - 2-5 years 9,570 19,798
Other loans more 5yrs non-inst 776,345 480,345
796,135 510,153

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 776,345 480,345

Other loans have no repayment terms attaching but are subject to an interest charge of 5% per annum.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

ZANO CONTROLS LIMITED (REGISTERED NUMBER: 07123846)

Notes to the Financial Statements - continued
for the year ended 31st July 2023

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M C Lewin, the sole director and beneficial owner of 74% of the issued share capital.



Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Zano Controls Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Zano Controls Limited for the year ended 31st July 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Zano Controls Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Zano Controls Limited and state those matters that we have agreed to state to the director of Zano Controls Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zano Controls Limited and its director for our work or for this report.

It is your duty to ensure that Zano Controls Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Zano Controls Limited. You consider that Zano Controls Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Zano Controls Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Jacquards
2 Burton House
Repton Place
White Lion Road
Amersham
Buckinghamshire
HP7 9LP


1st May 2024