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REGISTERED NUMBER: 01856207 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ZIGI'S LIMITED

ZIGI'S LIMITED (REGISTERED NUMBER: 01856207)






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


ZIGI'S LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: N Poter
M L Goddard
T Gleave





SECRETARY: Mrs K A Poter





REGISTERED OFFICE: Aston Lodge
Chatham Green
Little Waltham
Essex
CM3 3LE





REGISTERED NUMBER: 01856207 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

ZIGI'S LIMITED (REGISTERED NUMBER: 01856207)

BALANCE SHEET
31 DECEMBER 2023

31.12.22 31.12.23
£    £    Notes £    £   
FIXED ASSETS
231 Intangible assets 4 2
159,079 Tangible assets 5 145,093
159,310 145,095

CURRENT ASSETS
105,000 Stocks 105,000
211,058 Debtors 6 93,356
972,492 Cash at bank and in hand 855,599
1,288,550 1,053,955
CREDITORS
1,258,335 Amounts falling due within one year 7 948,374
30,215 NET CURRENT ASSETS 105,581
189,525 TOTAL ASSETS LESS CURRENT
LIABILITIES

250,676

CREDITORS
(37,751 ) Amounts falling due after more than one
year

8

(20,960

)

(12,854 ) PROVISIONS FOR LIABILITIES (13,889 )
138,920 NET ASSETS 215,827

ZIGI'S LIMITED (REGISTERED NUMBER: 01856207)

BALANCE SHEET - continued
31 DECEMBER 2023

31.12.22 31.12.23
£    £    Notes £    £   
CAPITAL AND RESERVES
20,200 Called up share capital 20,200
118,720 Retained earnings 195,627
138,920 SHAREHOLDERS' FUNDS 215,827

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.

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 29 August 2024 and were signed on its behalf by:





N Poter - Director


ZIGI'S LIMITED (REGISTERED NUMBER: 01856207)

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

1. STATUTORY INFORMATION

Zigi's 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.

Turnover
Turnover represents the value of invoiced sales and the movement between opening and closing trade debtor balances.

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.

Stamp duty is being amortised evenly over its 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.


ZIGI'S LIMITED (REGISTERED NUMBER: 01856207)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period. All hire purchase liabilities are secured on the assets associated.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 2,292
AMORTISATION
At 1 January 2023 2,061
Charge for year 229
At 31 December 2023 2,290
NET BOOK VALUE
At 31 December 2023 2
At 31 December 2022 231

ZIGI'S LIMITED (REGISTERED NUMBER: 01856207)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
Totals property fittings vehicles equipment
£    £    £    £    £   
COST
At 1 January 2023 391,995 70,926 77,490 180,598 62,981
Additions 8,692 - 5,766 - 2,926
At 31 December 2023 400,687 70,926 83,256 180,598 65,907
DEPRECIATION
At 1 January 2023 232,916 - 67,765 117,536 47,615
Charge for year 22,678 - 2,325 15,767 4,586
At 31 December 2023 255,594 - 70,090 133,303 52,201
NET BOOK VALUE
At 31 December 2023 145,093 70,926 13,166 47,295 13,706
At 31 December 2022 159,079 70,926 9,725 63,062 15,366

Included in the above are certain motor vehicles held under hire purchase contracts. As at 31 December 2023 the net book value of the vehicles is £8,308 (2022 - £17,347) and the related depreciation charge for the year is £3,447 (2022 - £5,783).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 50,425 67,808
Other debtors 42,931 143,250
93,356 211,058

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 9,121 8,871
Hire purchase contracts 7,114 9,168
Trade creditors 509,552 348,959
Amounts owed to associates 218,094 181,094
Taxation and social security 159,106 183,483
Other creditors 45,387 526,760
948,374 1,258,335

ZIGI'S LIMITED (REGISTERED NUMBER: 01856207)

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
£    £   
Bank loans 17,715 26,993
Hire purchase contracts 3,245 10,758
20,960 37,751

9. SECURED DEBTS

Hire purchase contract liabilities are secured against the asset for which the liability arises.

The bank loan is unsecured, being a Bounce Back loan drawn down during the Covid-19 pandemic.