Company Registration No. 11900493 (England and Wales)
ZENITH CARE LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ZENITH CARE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ZENITH CARE LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,122,420
2,115,153
Current assets
Debtors
5
314,652
473,006
Cash at bank and in hand
148,131
62,197
462,783
535,203
Creditors: amounts falling due within one year
6
(296,846)
(334,882)
Net current assets
165,937
200,321
Total assets less current liabilities
2,288,357
2,315,474
Creditors: amounts falling due after more than one year
7
(1,653,847)
(1,790,942)
Net assets
634,510
524,532
Capital and reserves
Called up share capital
11,500
11,500
Profit and loss reserves
623,010
513,032
Total equity
634,510
524,532

The directors of the company have 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 directors acknowledge their 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 by the board of directors and authorised for issue on 29 August 2024 and are signed on its behalf by:
Mr J Khalil
Director
Company registration number 11900493 (England and Wales)
ZENITH CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information

Zenith Care Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3.2 Clarendon Park, Clumber Avenue, Nottingham, NG5 1AH.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. 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 services provided in the normal course of business, and is shown gross.

 

 

Turnover on services provided is recognised at the agreed rate for each individual person for the days that these services are provided. Consideration is made therefore at the period end for services either not yet invoiced or invoiced in advance, with adjustments made to accrued and deferred income respectively.

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:

Freehold land and buildings
100 year straight line / 25 year straight line
Fixtures and fittings
5 year straight line
Computers
5 year 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
Taxation

The tax expense represents the sum of the tax currently payable.

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.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

ZENITH CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2023
2022
Number
Number
Total
95
111
4
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 December 2022
2,105,367
85,814
23,233
2,214,414
Additions
-
0
55,253
-
0
55,253
At 30 November 2023
2,105,367
141,067
23,233
2,269,667
Depreciation and impairment
At 1 December 2022
63,718
25,355
10,188
99,261
Depreciation charged in the year
24,744
19,369
3,873
47,986
At 30 November 2023
88,462
44,724
14,061
147,247
Carrying amount
At 30 November 2023
2,016,905
96,343
9,172
2,122,420
At 30 November 2022
2,041,649
60,459
13,045
2,115,153
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
205,194
411,820
Other debtors
109,458
61,186
314,652
473,006
ZENITH CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
104,968
100,964
Trade creditors
139,471
162,639
Taxation and social security
47,035
66,579
Other creditors
5,372
4,700
296,846
334,882
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
965,346
1,092,441
Other creditors
688,501
698,501
1,653,847
1,790,942

The bank loans are secured against the property they've purchased.

Creditors which fall due after five years are as follows:
2023
2022
£
£
Payable by instalments
552,205
755,596
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