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REGISTERED NUMBER: 12335502 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Zion Tech Mk Ltd

Zion Tech Mk Ltd (Registered number: 12335502)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Zion Tech Mk Ltd (Registered number: 12335502)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 53,181 67,234

CURRENT ASSETS
Cash at bank 848,185 664,857

CREDITORS
Amounts falling due within one year 5 122,956 97,761
NET CURRENT ASSETS 725,229 567,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

778,410

634,330

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 778,409 634,329
SHAREHOLDERS' FUNDS 778,410 634,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Zion Tech Mk Ltd (Registered number: 12335502)

Statement of Financial Position - continued
30 November 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 23 August 2024 and were signed by:





Mr David Charles Crampton - Director


Zion Tech Mk Ltd (Registered number: 12335502)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Zion Tech Mk Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12335502

Registered office: 35 Hawksworth
Tamworth
B77 2HH

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
Revenue 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.
Computer equipment - 25% on reducing balance

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 statement of financial position date.


Zion Tech Mk Ltd (Registered number: 12335502)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 December 2022 95,387
Additions 2,889
At 30 November 2023 98,276
DEPRECIATION
At 1 December 2022 28,153
Charge for year 16,942
At 30 November 2023 45,095
NET BOOK VALUE
At 30 November 2023 53,181
At 30 November 2022 67,234

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 109,210 96,328
Other creditors 13,746 1,433
122,956 97,761

Zion Tech Mk Ltd (Registered number: 12335502)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary £1 1 1

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £62,000 (2022 - £7,000) were paid to the director .

The company owes £13,746 (2022 : £1,433 ) to its director, Mr David Charles Crampton who is also a sole shareholder of the company as at accounting year end date.