Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 SC385067 John Swan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC385067 2022-12-31 SC385067 2023-12-31 SC385067 2023-01-01 2023-12-31 SC385067 frs-core:PlantMachinery 2023-12-31 SC385067 frs-core:PlantMachinery 2023-01-01 2023-12-31 SC385067 frs-core:PlantMachinery 2022-12-31 SC385067 frs-core:ShareCapital 2023-12-31 SC385067 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC385067 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC385067 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC385067 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC385067 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC385067 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC385067 frs-bus:Director1 2023-01-01 2023-12-31 SC385067 frs-countries:Scotland 2023-01-01 2023-12-31 SC385067 2021-12-31 SC385067 2022-12-31 SC385067 2022-01-01 2022-12-31 SC385067 frs-core:ShareCapital 2022-12-31 SC385067 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC385067
Zip Pow Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC385067
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,748 1,609
1,748 1,609
CURRENT ASSETS
Debtors 117,070 151,909
Cash at bank and in hand 56,891 26,973
173,961 178,882
Creditors: Amounts Falling Due Within One Year (84,828 ) (78,851 )
NET CURRENT ASSETS (LIABILITIES) 89,133 100,031
TOTAL ASSETS LESS CURRENT LIABILITIES 90,881 101,640
NET ASSETS 90,881 101,640
CAPITAL AND RESERVES
Called up share capital 5 2 2
Profit and Loss Account 90,879 101,638
SHAREHOLDERS' FUNDS 90,881 101,640
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
John Swan
Director
17/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Zip Pow Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC385067 . The registered office is 27 Lauriston Street, Edinburgh, Midlothian, EH3 9DQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 2,520
Additions 810
As at 31 December 2023 3,330
Depreciation
As at 1 January 2023 911
Provided during the period 671
As at 31 December 2023 1,582
Net Book Value
As at 31 December 2023 1,748
As at 1 January 2023 1,609
Page 3
Page 4
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 4