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Registered number: 09038043
Zenises Limited
ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09038043
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 393,332 -
393,332 -
CURRENT ASSETS
Debtors 4,471,122 4,357,467
Cash at bank and in hand 723,764 383,701
5,194,886 4,741,168
Creditors: Amounts Falling Due Within One Year (130,348 ) (124,629 )
NET CURRENT ASSETS (LIABILITIES) 5,064,538 4,616,539
TOTAL ASSETS LESS CURRENT LIABILITIES 5,457,870 4,616,539
Creditors: Amounts Falling Due After More Than One Year (4,455,630 ) (3,705,630 )
NET ASSETS 1,002,240 910,909
CAPITAL AND RESERVES
Called up share capital 5 1,500,000 1,500,000
Profit and Loss Account (497,760 ) (589,091 )
SHAREHOLDERS' FUNDS 1,002,240 910,909
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr H S Kandhari
Director
5 June 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Zenises Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09038043 . The registered office is Stirling House , 9 Burroughs Gardens, Hendon, London, NW4 4AU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are computer software. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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Page 4
4. Intangible Assets
Total
£
Cost
As at 1 April 2023 445,000
Additions 400,000
As at 31 March 2024 845,000
Amortisation
As at 1 April 2023 445,000
Provided during the period 6,668
As at 31 March 2024 451,668
Net Book Value
As at 31 March 2024 393,332
As at 1 April 2023 -
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,500,000 1,500,000
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