Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07333258 Mr Phil Holland Mr Patryk Halczak Mr Ryan Highfield true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07333258 2022-12-31 07333258 2023-12-31 07333258 2023-01-01 2023-12-31 07333258 frs-core:CurrentFinancialInstruments 2023-12-31 07333258 frs-core:Non-currentFinancialInstruments 2023-12-31 07333258 frs-core:PlantMachinery 2023-12-31 07333258 frs-core:PlantMachinery 2023-01-01 2023-12-31 07333258 frs-core:PlantMachinery 2022-12-31 07333258 frs-core:ShareCapital 2023-12-31 07333258 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07333258 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07333258 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07333258 frs-bus:SmallEntities 2023-01-01 2023-12-31 07333258 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07333258 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07333258 1 2023-01-01 2023-12-31 07333258 frs-bus:Director1 2023-01-01 2023-12-31 07333258 frs-bus:Director2 2023-01-01 2023-12-31 07333258 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 07333258 frs-countries:EnglandWales 2023-01-01 2023-12-31 07333258 2021-12-31 07333258 2022-12-31 07333258 2022-01-01 2022-12-31 07333258 frs-core:CurrentFinancialInstruments 2022-12-31 07333258 frs-core:Non-currentFinancialInstruments 2022-12-31 07333258 frs-core:ShareCapital 2022-12-31 07333258 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07333258
Zennergy International Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Inchmead Accountants Limited
100 Berkshire Place
Winnersh
Wokingham
RG41 5RD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07333258
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 5 17,246 17,246
Debtors 6 294,764 545,808
Cash at bank and in hand 79,527 196,821
391,537 759,875
Creditors: Amounts Falling Due Within One Year 7 (192,551 ) (598,440 )
NET CURRENT ASSETS (LIABILITIES) 198,986 161,435
TOTAL ASSETS LESS CURRENT LIABILITIES 198,986 161,435
Creditors: Amounts Falling Due After More Than One Year 8 (22,870 ) (33,518 )
NET ASSETS 176,116 127,917
CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Profit and Loss Account 166,116 117,917
SHAREHOLDERS' FUNDS 176,116 127,917
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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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mr Phil Holland
Director
19 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Zennergy International Ltd Registered number 07333258 is a limited by shares company incorporated in England & Wales. The Registered Office is Centaur House, Ancells Business Park, Ancells Road, Fleet, GU51 2UJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The company has signed large contracts and according to directors representations the company will become profitable in coming 18 to 24 months. The company has ongoing projects which will keep company solvent and will provide working capital support.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 2 years straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 4)
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 13,180
As at 31 December 2023 13,180
Depreciation
As at 1 January 2023 13,180
As at 31 December 2023 13,180
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Stocks
2023 2022
£ £
Materials 17,246 17,246
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 23,438 391,543
Prepayments and accrued income 202,616 57,311
Other debtors 10,330 29,516
Net VAT due from HMRC 1,130 6,284
Deferred tax current asset - 5,151
237,514 489,805
Due after more than one year
Deferred tax current asset 57,250 56,003
294,764 545,808
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 121,264 39,991
Bank loans and overdrafts 4,808 918
Corporation tax - (5,929 )
Other taxes and social security 8,076 5,107
Other creditors 715 3,080
Accruals and deferred income 57,688 555,273
192,551 598,440
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 22,870 33,518
9. Deferred Taxation
The provision for deferred taxation is made up of accumulated tax losses to be utilised against future profits.
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10,000 10,000
11. Ultimate Controlling Party
In the opinion of directors there is no controlling party.
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