Company Registration No. 09269042 (England and Wales)
CFS-ZIPP TECHNOLOGIES LIMITED
Unaudited accounts
for the year ended 31 October 2023
CFS-ZIPP TECHNOLOGIES LIMITED
Unaudited accounts
Contents
CFS-ZIPP TECHNOLOGIES LIMITED
Company Information
for the year ended 31 October 2023
Directors
Iranda Gunapala
Srinivasan Venkatesh
Uma Venkatesh
Company Number
09269042 (England and Wales)
Registered Office
790 UXBRIDGE ROAD
HAYES
MIDDLESEX
UB4 0RS
CFS-ZIPP TECHNOLOGIES LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
461,053
518,898
Cash at bank and in hand
40,861
28,417
Creditors: amounts falling due within one year
(454,730)
(1,586,140)
Net current liabilities
(75,537)
(184,500)
Total assets less current liabilities
385,516
334,398
Creditors: amounts falling due after more than one year
(229,158)
(229,158)
Net assets
156,358
105,240
Called up share capital
40,000
40,000
Profit and loss account
116,358
65,240
Shareholders' funds
156,358
105,240
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by
Srinivasan Venkatesh
Director
Company Registration No. 09269042
CFS-ZIPP TECHNOLOGIES LIMITED
Notes to the Accounts
for the year ended 31 October 2023
CFS-ZIPP TECHNOLOGIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09269042. The registered office is 790 UXBRIDGE ROAD, HAYES, MIDDLESEX, UB4 0RS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Reducing basis @ 20%
Motor vehicles
Reducing basis@ 20%
Fixtures & fittings
Reducing basis @ 20%
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
CFS-ZIPP TECHNOLOGIES LIMITED
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
516,775
-
3,034
519,809
Additions
-
58,600
-
58,600
At 31 October 2023
516,775
58,600
3,034
578,409
At 1 November 2022
-
-
911
911
Charge for the year
103,355
11,720
1,370
116,445
At 31 October 2023
103,355
11,720
2,281
117,356
At 31 October 2023
413,420
46,880
753
461,053
At 31 October 2022
516,775
-
2,123
518,898
Amounts falling due within one year
Trade debtors
125,121
214,917
Other debtors
212,209
1,158,306
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
264,866
1,566,997
Taxes and social security
28,377
15,514
Other creditors
45,720
3,629
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
229,158
229,158
8
Average number of employees
During the year the average number of employees was 7 (2022: 2).