Company registration number 10368175 (England and Wales)
ZONEGEN LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ZONEGEN LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
ZONEGEN LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ZONEGEN LTD FOR THE YEAR ENDED 30 NOVEMBER 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Zonegen Ltd for the year ended 30 November 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Zonegen Ltd, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Zonegen Ltd and state those matters that we have agreed to state to the Board of Directors of Zonegen Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zonegen Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Zonegen Ltd 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 profit of Zonegen Ltd. You consider that Zonegen Ltd 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 Zonegen Ltd. 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.

Kirk Rice LLP
29 August 2024
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
ZONEGEN LTD
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
8,066
10,752
Current assets
Stocks
4,183
5,500
Debtors
4
67,598
72,062
Cash at bank and in hand
1
18,756
71,782
96,318
Creditors: amounts falling due within one year
5
(62,891)
(79,880)
Net current assets
8,891
16,438
Total assets less current liabilities
16,957
27,190
Creditors: amounts falling due after more than one year
6
(16,667)
(26,667)
Net assets
290
523
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
288
521
Total equity
290
523

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 29 August 2024
Mr P E Rush
Director
Company registration number 10368175 (England and Wales)
ZONEGEN LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
1
Accounting policies
Company information

Zonegen Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Albany House, 14 Shute End, Wokingham, Berkshire, RG40 1BJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
33% Straight line
Fixtures and fittings
33% Straight line
Computers
33% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible 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.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Taxation

The tax expense represents the tax currently payable.

ZONEGEN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 December 2022
12,939
1,762
2,342
17,043
Additions
-
0
-
0
1,947
1,947
Disposals
-
0
-
0
(840)
(840)
At 30 November 2023
12,939
1,762
3,449
18,150
Depreciation and impairment
At 1 December 2022
2,813
1,762
1,716
6,291
Depreciation charged in the year
3,920
-
0
713
4,633
Eliminated in respect of disposals
-
0
-
0
(840)
(840)
At 30 November 2023
6,733
1,762
1,589
10,084
Carrying amount
At 30 November 2023
6,206
-
0
1,860
8,066
At 30 November 2022
10,126
-
0
626
10,752
ZONEGEN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
20,254
18,258
Other debtors
47,344
53,804
67,598
72,062
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
12,789
10,000
Trade creditors
11,107
7,747
Taxation and social security
35,750
59,257
Other creditors
3,245
2,876
62,891
79,880
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
16,667
26,667
7
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

The loans are repayable on demand.

Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Mr P E Rush -
-
35,350
(465)
34,885
35,350
(465)
34,885
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