zero359 Limited 08339489 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Information technology consultancy activities Digita Accounts Production Advanced 6.30.9574.0 true 08339489 2023-01-01 2023-12-31 08339489 2023-12-31 08339489 bus:OrdinaryShareClass1 2023-12-31 08339489 core:RetainedEarningsAccumulatedLosses 2023-12-31 08339489 core:ShareCapital 2023-12-31 08339489 core:CurrentFinancialInstruments 2023-12-31 08339489 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08339489 core:FurnitureFittingsToolsEquipment 2023-12-31 08339489 bus:SmallEntities 2023-01-01 2023-12-31 08339489 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08339489 bus:FilletedAccounts 2023-01-01 2023-12-31 08339489 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08339489 bus:RegisteredOffice 2023-01-01 2023-12-31 08339489 bus:Director1 2023-01-01 2023-12-31 08339489 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 08339489 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08339489 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 08339489 countries:EnglandWales 2023-01-01 2023-12-31 08339489 2022-12-31 08339489 core:FurnitureFittingsToolsEquipment 2022-12-31 08339489 2022-01-01 2022-12-31 08339489 2022-12-31 08339489 bus:OrdinaryShareClass1 2022-12-31 08339489 core:RetainedEarningsAccumulatedLosses 2022-12-31 08339489 core:ShareCapital 2022-12-31 08339489 core:CurrentFinancialInstruments 2022-12-31 08339489 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 08339489 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08339489

zero359 Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

zero359 Limited

Contents


 

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 7

 

zero359 Limited

Registration number: 08339489

Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

483

2,147

Current assets

 

Debtors

5

4,809

8,905

Cash at bank and in hand

 

9,032

3,988

 

13,841

12,893

Creditors: Amounts falling due within one year

6

(13,431)

(14,295)

Net current assets/(liabilities)

 

410

(1,402)

Total assets less current liabilities

 

893

745

Provisions for liabilities

(93)

(409)

Net assets

 

800

336

Capital and reserves

 

Called up share capital

7

200

200

Retained earnings

600

136

Shareholders' funds

 

800

336



The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

 

zero359 Limited

Registration number: 08339489

Balance Sheet as at 31 December 2023 (continued)

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 September 2024 and signed on its behalf by:
 

T Mills
Director

   
     

 

zero359 Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wymondham Business Centre
1 Town Green
Wymondham
Norfolk
NR18 0PN
England

The principal place of business is:
19 Church End
Potterspury
Towcester
Northamptonshire
NN12 7PX
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

 

zero359 Limited

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

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants in relation to expenditure are credited to the profit and loss account in the period in which the related expenditure is charged.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

zero359 Limited

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

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

1/3rd straight line

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

zero359 Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

13,010

13,010

At 31 December 2023

13,010

13,010

Depreciation

At 1 January 2023

10,863

10,863

Charge for the year

1,664

1,664

At 31 December 2023

12,527

12,527

Carrying amount

At 31 December 2023

483

483

At 31 December 2022

2,147

2,147

5

Debtors

Current

2023
£

2022
£

Trade debtors

4,250

3,563

Prepayments

521

717

Other debtors

38

4,625

 

4,809

8,905

 

zero359 Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Director's loan accounts

154

-

Taxation and social security

 

12,447

12,607

Other creditors

 

830

1,688

 

13,431

14,295

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

200

200

200

200