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REGISTERED NUMBER: 11584116 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ROOM ZERO SOLUTIONS LIMITED

ROOM ZERO SOLUTIONS LIMITED (REGISTERED NUMBER: 11584116)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROOM ZERO SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr R Warrington
Mr M Simpson
Mr N Alliston





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 11584116 (England and Wales)

ROOM ZERO SOLUTIONS LIMITED (REGISTERED NUMBER: 11584116)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 539,486 448,079
Tangible assets 5 7,230 6,504
546,716 454,583

CURRENT ASSETS
Debtors 6 26,113 162,360
Cash at bank 17,392 15,929
43,505 178,289
CREDITORS
Amounts falling due within one year 7 735,573 439,856
NET CURRENT LIABILITIES (692,068 ) (261,567 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(145,352

)

193,016

CREDITORS
Amounts falling due after more than one year 8 (91,667 ) (125,000 )

PROVISIONS FOR LIABILITIES (1,808 ) (1,501 )
NET (LIABILITIES)/ASSETS (238,827 ) 66,515

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (238,927 ) 66,415
SHAREHOLDERS' FUNDS (238,827 ) 66,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ROOM ZERO SOLUTIONS LIMITED (REGISTERED NUMBER: 11584116)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





Mr N Alliston - Director


ROOM ZERO SOLUTIONS LIMITED (REGISTERED NUMBER: 11584116)

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

1. STATUTORY INFORMATION

Room Zero Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover represents amounts receivable for management consultancy, net of value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

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 33% 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ROOM ZERO SOLUTIONS LIMITED (REGISTERED NUMBER: 11584116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At 31 December 2023, the Company was in a net liability position of £238,827. Although the Company is currently loss making, the director has indicated that the parent company has adequate resources to support the Company for the foreseeable future. Accordingly, the Company continues to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 January 2023 570,695
Additions 156,910
At 31 December 2023 727,605
AMORTISATION
At 1 January 2023 122,616
Amortisation for year 65,503
At 31 December 2023 188,119
NET BOOK VALUE
At 31 December 2023 539,486
At 31 December 2022 448,079

ROOM ZERO SOLUTIONS LIMITED (REGISTERED NUMBER: 11584116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 11,289
Additions 4,118
Disposals (1,256 )
At 31 December 2023 14,151
DEPRECIATION
At 1 January 2023 4,785
Charge for year 3,099
Eliminated on disposal (963 )
At 31 December 2023 6,921
NET BOOK VALUE
At 31 December 2023 7,230
At 31 December 2022 6,504

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Trade debtors 24,000 147,746
Amounts owed by group undertakings - 5,870
Corporation tax - 8,744
Prepayments and accrued income 2,113 -
26,113 162,360

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Trade creditors 34,561 123,528
Amounts owed to group undertakings 290,741 176,611
Social security and other taxes 5,293 2,343
Value added tax 15,250 32,051
Loan 36,111 33,333
Director's current account 45,445 46,990
Accruals and deferred income 308,172 25,000
735,573 439,856

ROOM ZERO SOLUTIONS LIMITED (REGISTERED NUMBER: 11584116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
as restated
£    £   
Bank loans - 1-2 years 33,333 66,666
Bank loans - 2-5 years 58,334 58,334
91,667 125,000

9. RELATED PARTY DISCLOSURES

Amounts owed to group undertakings of £290,741 is owed by the Company to another company which is under common control.

The debt has no fixed date for repayment, is repayable on demand and is non-interest bearing.