Registered number
08047764
Zixia Limited
Filleted Accounts
30 April 2024
Zixia Limited
Registered number: 08047764
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,200 1,600
Tangible assets 4 455 606
1,655 2,206
Current assets
Debtors 5 995 2,543
Cash at bank and in hand 13,435 13,660
14,430 16,203
Creditors: amounts falling due within one year 6 (16,237) (17,103)
Net current liabilities (1,807) (900)
Net (liabilities)/assets (152) 1,306
Capital and reserves
Called up share capital 5,000 5,000
Profit and loss account (5,152) (3,694)
Shareholders' funds (152) 1,306
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Philip Ian Thompson
Director
Approved by the board on 23 August 2024
Zixia Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% writing down allowance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Franchise fee
Cost
At 1 May 2023 6,000
At 30 April 2024 6,000
Amortisation
At 1 May 2023 4,400
Provided during the year 400
At 30 April 2024 4,800
Net book value
At 30 April 2024 1,200
At 30 April 2023 1,600
The franchise fee is being written off in equal annual instalments over its estimated economic life of 15 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 1,127
At 30 April 2024 1,127
Depreciation
At 1 May 2023 521
Charge for the year 151
At 30 April 2024 672
Net book value
At 30 April 2024 455
At 30 April 2023 606
5 Debtors 2024 2023
£ £
Trade debtors - 240
Other debtors 995 2,303
995 2,543
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 13,306 11,558
Other creditors 2,931 5,545
16,237 17,103
7 Other information
Zixia Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Highbridge Road
Wappenham
Towcester
Northampstonshire
NN12 8SL
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