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REGISTERED NUMBER: 02749364 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Zenith Consultancy Services Limited

Zenith Consultancy Services Limited (Registered number: 02749364)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Zenith Consultancy Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R Singh





SECRETARY: J Mayon





REGISTERED OFFICE: 28 Budoch Drive
Ilford
Essex
IG3 9NX





REGISTERED NUMBER: 02749364 (England and Wales)





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

Zenith Consultancy Services Limited (Registered number: 02749364)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 644 858
Investment property 5 1,293,718 1,293,718
1,294,362 1,294,576

CURRENT ASSETS
Cash at bank 20,385 11,169

CREDITORS
Amounts falling due within one year 6 352,234 377,173
NET CURRENT LIABILITIES (331,849 ) (366,004 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

962,513

928,572

PROVISIONS FOR LIABILITIES 7 122 163
NET ASSETS 962,391 928,409

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 9 962,381 928,399
SHAREHOLDERS' FUNDS 962,391 928,409

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 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.

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 28 August 2024 and were signed by:



R Singh - Director


Zenith Consultancy Services Limited (Registered number: 02749364)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Zenith Consultancy Services 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.

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.

Significant judgements and estimates
There are no significant judgements and estimates pertaining to these accounts.

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.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

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.

Functional currency
The functional currency used by the company is £ Sterling.

Zenith Consultancy Services Limited (Registered number: 02749364)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments comprising debtors, bank and cash balances are recorded at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 13,392 13,321 26,713
DEPRECIATION
At 1 January 2023 13,392 12,463 25,855
Charge for year - 214 214
At 31 December 2023 13,392 12,677 26,069
NET BOOK VALUE
At 31 December 2023 - 644 644
At 31 December 2022 - 858 858

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,293,718
NET BOOK VALUE
At 31 December 2023 1,293,718
At 31 December 2022 1,293,718

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 8,013 4,847
Social security and other taxes - 243
VAT 1,854 2,466
Other creditors 589 419
Directors' current accounts 340,778 368,248
Accrued expenses 1,000 950
352,234 377,173

Zenith Consultancy Services Limited (Registered number: 02749364)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 122 163

Deferred
tax
£   
Balance at 1 January 2023 163
Provided during year (41 )
Balance at 31 December 2023 122

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10

9. RESERVES
Retained
earnings
£   

At 1 January 2023 928,399
Profit for the year 33,982
At 31 December 2023 962,381