Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31102022-09-01falseNo description of principal activity7truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11273436 2022-09-01 2023-08-31 11273436 2021-09-01 2022-08-31 11273436 2023-08-31 11273436 2022-08-31 11273436 c:Director1 2022-09-01 2023-08-31 11273436 d:Buildings d:ShortLeaseholdAssets 2022-09-01 2023-08-31 11273436 d:Buildings d:ShortLeaseholdAssets 2023-08-31 11273436 d:Buildings d:ShortLeaseholdAssets 2022-08-31 11273436 d:PlantMachinery 2022-09-01 2023-08-31 11273436 d:PlantMachinery 2023-08-31 11273436 d:PlantMachinery 2022-08-31 11273436 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 11273436 d:MotorVehicles 2022-09-01 2023-08-31 11273436 d:MotorVehicles 2023-08-31 11273436 d:MotorVehicles 2022-08-31 11273436 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 11273436 d:OfficeEquipment 2022-09-01 2023-08-31 11273436 d:OfficeEquipment 2023-08-31 11273436 d:OfficeEquipment 2022-08-31 11273436 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 11273436 d:ComputerEquipment 2022-09-01 2023-08-31 11273436 d:ComputerEquipment 2023-08-31 11273436 d:ComputerEquipment 2022-08-31 11273436 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 11273436 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 11273436 d:PatentsTrademarksLicencesConcessionsSimilar 2023-08-31 11273436 d:PatentsTrademarksLicencesConcessionsSimilar 2022-08-31 11273436 d:CurrentFinancialInstruments 2023-08-31 11273436 d:CurrentFinancialInstruments 2022-08-31 11273436 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 11273436 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 11273436 d:ShareCapital 2023-08-31 11273436 d:ShareCapital 2022-08-31 11273436 d:RetainedEarningsAccumulatedLosses 2023-08-31 11273436 d:RetainedEarningsAccumulatedLosses 2022-08-31 11273436 c:FRS102 2022-09-01 2023-08-31 11273436 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 11273436 c:FullAccounts 2022-09-01 2023-08-31 11273436 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 11273436 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2022-09-01 2023-08-31 11273436 2 2022-09-01 2023-08-31 11273436 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 11273436 d:AcceleratedTaxDepreciationDeferredTax 2022-08-31 11273436 d:TaxLossesCarry-forwardsDeferredTax 2023-08-31 11273436 d:TaxLossesCarry-forwardsDeferredTax 2022-08-31 11273436 d:RetirementBenefitObligationsDeferredTax 2023-08-31 11273436 d:RetirementBenefitObligationsDeferredTax 2022-08-31 11273436 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2022-09-01 2023-08-31 11273436 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 11273436










ZANDON LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
ZANDON LTD
REGISTERED NUMBER: 11273436

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
10,556
-

Tangible assets
 5 
41,769
23,264

  
52,325
23,264

Current assets
  

Stocks
 6 
635,141
204,757

Debtors: amounts falling due within one year
 7 
730,146
222,034

Cash at bank and in hand
 8 
306,392
99,820

  
1,671,679
526,611

Creditors: amounts falling due within one year
 9 
(888,345)
(306,520)

Net current assets
  
 
 
783,334
 
 
220,091

Total assets less current liabilities
  
835,659
243,355

Provisions for liabilities
  

Deferred tax
 10 
(7,324)
(4,702)

  
 
 
(7,324)
 
 
(4,702)

Net assets
  
828,335
238,653


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
828,235
238,553

  
828,335
238,653


Page 1

 
ZANDON LTD
REGISTERED NUMBER: 11273436
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





................................................
F Baldwin
Director

Date: 27 August 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
ZANDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

The company, which is incorporated and registered in England and Wales (registered number 11273436), is a privately owned company limited by shares. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ZANDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
25%
Plant and machinery
-
25%
Motor vehicles
-
Office equipment
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
ZANDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.12

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 5

 
ZANDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







10
7

Page 6

 
ZANDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Intangible assets




Patents

£



Cost


Additions
10,851



At 31 August 2023

10,851



Amortisation


Charge for the year on owned assets
295



At 31 August 2023

295



Net book value



At 31 August 2023
10,556



At 31 August 2022
-



Page 7

 


 
ZANDON LTD


 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


5.


Tangible fixed assets






Short-term leasehold property
Plant and machinery
Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 September 2022
3,750
28,700
-
3,986
3,763
40,199


Additions
-
4,072
12,450
2,519
2,798
21,839


Disposals
-
(1,875)
-
(86)
(2,399)
(4,360)



At 31 August 2023

3,750
30,897
12,450
6,419
4,162
57,678



Depreciation


At 1 September 2022
-
14,429
-
1,239
1,267
16,935


Charge for the year on owned assets
-
983
-
299
739
2,021


Disposals
-
(809)
-
(86)
(2,152)
(3,047)



At 31 August 2023

-
14,603
-
1,452
(146)
15,909



Net book value



At 31 August 2023
3,750
16,294
12,450
4,967
4,308
41,769



At 31 August 2022
3,750
14,271
-
2,747
2,496
23,264

Page 8

 
ZANDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

6.


Stocks

2023
2022
£
£

Work in progress (goods to be sold)
515,900
148,000

Finished goods and goods for resale
119,241
56,757

635,141
204,757


Page 9

 
ZANDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Debtors

2023
2022
£
£


Trade debtors
611,689
163,473

Other debtors
82,152
54,781

Prepayments and accrued income
36,305
3,780

730,146
222,034



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
306,392
99,820

306,392
99,820



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
197,205
16,869

Corporation tax
12,861
33,205

Other taxation and social security
17,329
4,966

Other creditors
7,364
249,505

Accruals and deferred income
653,586
1,975

888,345
306,520


Page 10

 
ZANDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

10.


Deferred taxation




2023


£






At beginning of year
(4,702)


Charged to profit or loss
(2,622)



At end of year
(7,324)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(9,721)
(5,193)

Short term timing differences
2,208
-

Pension surplus
189
491

 
Page 11