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Company Registration No. 10936551 (England and Wales)
Zeal Tax (Newport) Limited Unaudited accounts for the year ended 31 October 2023
Zeal Tax (Newport) Limited Unaudited accounts Contents
Page
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Zeal Tax (Newport) Limited Company Information for the year ended 31 October 2023
Directors
Matt Jeffery Claire Jeffery
Company Number
10936551 (England and Wales)
Registered Office
22 Chepstow Road United Kingdom (+44) NP19 8EA
Accountants
Zeal Tax 22 Chepstow Road Newport NP19 8EA
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Zeal Tax (Newport) Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
24,000 
24,000 
Tangible assets
65,219 
150,702 
89,219 
174,702 
Current assets
Debtors
780,908 
527,179 
Cash at bank and in hand
425,133 
445,277 
1,206,041 
972,456 
Creditors: amounts falling due within one year
(422,655)
(341,445)
Net current assets
783,386 
631,011 
Total assets less current liabilities
872,605 
805,713 
Creditors: amounts falling due after more than one year
(72,359)
(67,582)
Net assets
800,246 
738,131 
Capital and reserves
Called up share capital
(100)
(100)
Profit and loss account
800,346 
738,231 
Shareholders' funds
800,246 
738,131 
For the year ending 31 October 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by
Matt Jeffery Director Company Registration No. 10936551
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Zeal Tax (Newport) Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Zeal Tax (Newport) Limited is a private company, limited by shares, registered in England and Wales, registration number 10936551. The registered office is 22 Chepstow Road, United Kingdom (+44), NP19 8EA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
24,000 
At 31 October 2023
24,000 
Amortisation
At 1 November 2022
- 
At 31 October 2023
- 
Net book value
At 31 October 2023
24,000 
At 31 October 2022
24,000 
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Zeal Tax (Newport) Limited Notes to the Accounts for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
61,013 
97,975 
158,988 
Additions
12,492 
- 
12,492 
Disposals
- 
(97,975)
(97,975)
At 31 October 2023
73,505 
- 
73,505 
Depreciation
At 1 November 2022
8,286 
- 
8,286 
At 31 October 2023
8,286 
- 
8,286 
Net book value
At 31 October 2023
65,219 
- 
65,219 
At 31 October 2022
52,727 
97,975 
150,702 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
231,304 
152,060 
Amounts due from group undertakings etc.
25,108 
25,108 
Accrued income and prepayments
2,025 
1,805 
Other debtors
13,000 
13,930 
271,437 
192,903 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
368,920 
234,690 
Other debtors
140,551 
99,586 
509,471 
334,276 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
92,751 
VAT
341,409 
230,210 
Trade creditors
51,600 
82,251 
Amounts owed to group undertakings and other participating interests
- 
(48,494)
Taxes and social security
20,974 
(25,037)
Accruals
8,672 
9,764 
422,655 
341,445 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
92,752 
87,975 
Amounts owed to group undertakings and other participating interests
(20,393)
(20,393)
72,359 
67,582 
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Zeal Tax (Newport) Limited Notes to the Accounts for the year ended 31 October 2023
9
Average number of employees
During the year the average number of employees was 18 (2022: 18).
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