Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09901137 2023-04-01 2024-03-31 09901137 2022-04-01 2023-03-31 09901137 2024-03-31 09901137 2023-03-31 09901137 c:Director1 2023-04-01 2024-03-31 09901137 d:FurnitureFittings 2023-04-01 2024-03-31 09901137 d:FurnitureFittings 2024-03-31 09901137 d:FurnitureFittings 2023-03-31 09901137 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09901137 d:CurrentFinancialInstruments 2024-03-31 09901137 d:CurrentFinancialInstruments 2023-03-31 09901137 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09901137 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09901137 d:ShareCapital 2024-03-31 09901137 d:ShareCapital 2023-03-31 09901137 d:RetainedEarningsAccumulatedLosses 2024-03-31 09901137 d:RetainedEarningsAccumulatedLosses 2023-03-31 09901137 c:FRS102 2023-04-01 2024-03-31 09901137 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09901137 c:FullAccounts 2023-04-01 2024-03-31 09901137 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09901137









ZENED LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
ZENED LIMITED
REGISTERED NUMBER: 09901137

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
629
151

  
629
151

Current assets
  

Debtors: amounts falling due within one year
 5 
2,100
2,650

Cash at bank and in hand
 6 
75,394
36,855

  
77,494
39,505

Creditors: amounts falling due within one year
 7 
(39,550)
(10,631)

Net current assets
  
 
 
37,944
 
 
28,874

Total assets less current liabilities
  
38,573
29,025

  

Net assets
  
38,573
29,025


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
38,473
28,925

  
38,573
29,025

Page 1

 
ZENED LIMITED
REGISTERED NUMBER: 09901137
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 September 2024.




................................................
Edward Grace
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
ZENED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Zened Limited is a private company limited by share capital, incorporated in England and Wales. The principal activity of the Company throughout the year was that of consultancy.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
ZENED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
ZENED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
850


Additions
838


Disposals
(850)



At 31 March 2024

838



Depreciation


At 1 April 2023
699


Charge for the year on owned assets
209


Disposals
(699)



At 31 March 2024

209



Net book value



At 31 March 2024
629



At 31 March 2023
151

Page 5

 
ZENED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
2,100
2,650

2,100
2,650



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
75,394
36,855

75,394
36,855



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
8,872
6,317

Other creditors
29,648
3,314

Accruals and deferred income
1,030
1,000

39,550
10,631



8.


Controlling party

The Company is controlled by the director Edward Grace, by virtue of his shareholding, as described in the Directors' report. 

 
Page 6