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REGISTERED NUMBER: 06770946 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ZB SERVICES LIMITED

ZB SERVICES LIMITED (REGISTERED NUMBER: 06770946)

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


ZB SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: M J Bengtsson





REGISTERED OFFICE: 21 Marina Court
Castle Street
Hull
East Yorkshire
HU1 1TJ





REGISTERED NUMBER: 06770946 (England and Wales)






ZB SERVICES LIMITED (REGISTERED NUMBER: 06770946)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,287 4,503
Investment property 5 1,200,000 817,582
1,203,287 822,085

CURRENT ASSETS
Debtors 6 1,081 1,179
Cash at bank 16,633 56,161
17,714 57,340
CREDITORS
Amounts falling due within one year 7 297,892 240,287
NET CURRENT LIABILITIES (280,178 ) (182,947 )
TOTAL ASSETS LESS CURRENT LIABILITIES 923,109 639,138

CREDITORS
Amounts falling due after more than one year 8 (152,849 ) (156,596 )

PROVISIONS FOR LIABILITIES (120,481 ) (45,374 )
NET ASSETS 649,779 437,168

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 10 358,977 189,786
Retained earnings 290,801 247,381
SHAREHOLDERS' FUNDS 649,779 437,168

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.

ZB SERVICES LIMITED (REGISTERED NUMBER: 06770946)

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 director and authorised for issue on 18 September 2024 and were signed by:





M J Bengtsson - Director


ZB SERVICES LIMITED (REGISTERED NUMBER: 06770946)

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


1. STATUTORY INFORMATION

ZB 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover 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 etc - 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.

Fair value has been determined with appropriate professional advice.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

ZB SERVICES LIMITED (REGISTERED NUMBER: 06770946)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 10,470
DEPRECIATION
At 1 January 2023 5,967
Charge for year 1,216
At 31 December 2023 7,183
NET BOOK VALUE
At 31 December 2023 3,287
At 31 December 2022 4,503

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 817,582
Additions 138,086
Revaluations 244,332
At 31 December 2023 1,200,000
NET BOOK VALUE
At 31 December 2023 1,200,000
At 31 December 2022 817,582

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2020 221,549
Valuation in 2021 12,754
Valuation in 2023 244,332
Cost 721,365
1,200,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 720
Prepayments 1,081 459
1,081 1,179

ZB SERVICES LIMITED (REGISTERED NUMBER: 06770946)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 3,924 4,060
Corporation tax 13,389 12,928
Other creditors 2,538 1,625
Directors' current accounts 276,243 220,056
Accrued expenses 1,798 1,618
297,892 240,287

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 3,805 3,805
Bank loans - 2-5 years 149,044 152,791
152,849 156,596

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank Loan 147,459 147,400

10. RESERVES
Fair
value
reserve
£   
At 1 January 2023 189,786
Revaluation of assets 244,332
Deferred taxation on increase in Fair Value of
investment properties

(75,141

)


At 31 December 2023 358,977

11. OTHER FINANCIAL COMMITMENTS

At 31 December 2023, the company had total commitments under an operating lease over the committed remaining lease term of £4,767 (2022: £Nil).

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year sales were made to Mr M Bengtsson's property rental business totalling £21,837 (2022 £30,438). Included within Other Creditors is an amount of £2,538 (2022 £1,625) due to this business.

13. ULTIMATE CONTROLLING PARTY

The controlling party is M J Bengtsson.