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REGISTERED NUMBER: 01707841 (England and Wales)











FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ZEISER LIMITED

ZEISER LIMITED (REGISTERED NUMBER: 01707841)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance sheet 1

Notes to the financial statements 2


ZEISER LIMITED (REGISTERED NUMBER: 01707841)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 5 15,000 17,000
Tangible assets 6 2,006 9,177
17,006 26,177

Current assets
Debtors 7 457,064 107,019
Cash at bank and in hand 361,066 859,241
818,130 966,260
Creditors
Amounts falling due within one year 8 94,898 42,580
Net current assets 723,232 923,680
Total assets less current liabilities 740,238 949,857

Capital and reserves
Called up share capital 10 2 2
Retained earnings 740,236 949,855
Shareholders' funds 740,238 949,857

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





Mr K Malsbury - Director


ZEISER LIMITED (REGISTERED NUMBER: 01707841)

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


1. Statutory information

Zeiser Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01707841. The Registered Office and business address is Samar House, North Way, Andover, Hampshire SP10 5AZ.

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.

Changes in accounting policies
During the year to 31 December 2023, the company changed the method of depreciating certain plant and machinery from ten years on a straight line basis to three years on a straight line basis as this revised method better reflects the entity's consumption of that plant and machinery over its useful lives.

The change in depreciation method is a change in accounting estimate and is accounted for in the period of change, i.e.the current year,and in subsequent periods.

Turnover
Turnover represents the fair value, net of Value Added Tax, of goods sold and services provided to customers net of trade discounts.

Turnover is recognised on dispatch to the customer for manufactured / bought in goods. Turnover generated by service contracts are recognised on a monthly basis over the term of the contract.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 - 33% on cost

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 taxation
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.

ZEISER LIMITED (REGISTERED NUMBER: 01707841)

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


2. Accounting policies - continued

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 7 (2022 - 7 ) .

4. Auditors' remuneration
2023 2022
£    £   
Fees payable to the company's auditors for the audit of the company's financial
statements

12,383

8,869
Auditors' remuneration for non audit work 7,730 -

5. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 January 2023
and 31 December 2023 20,000
Amortisation
At 1 January 2023 3,000
Charge for year 2,000
At 31 December 2023 5,000
Net book value
At 31 December 2023 15,000
At 31 December 2022 17,000

ZEISER LIMITED (REGISTERED NUMBER: 01707841)

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


6. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 January 2023
and 31 December 2023 15,900
Depreciation
At 1 January 2023 6,723
Charge for year 7,171
At 31 December 2023 13,894
Net book value
At 31 December 2023 2,006
At 31 December 2022 9,177

7. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 439,888 64,266
Amounts owed by group undertakings 2,182 -
VAT 4,101 4,907
Deferred tax asset
Tax losses carried forward - 28,067
Prepayments and accrued income 10,893 9,779
457,064 107,019

8. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 161 -
Tax 64,691 -
Social security and other taxes 10,122 20,732
Other creditors 4,526 5,553
Accruals and deferred income 15,398 16,295
94,898 42,580

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 12,000 12,000
Between one and five years 27,495 3,000
39,495 15,000

ZEISER LIMITED (REGISTERED NUMBER: 01707841)

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


10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

11. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the auditors was unqualified.

Ms Cheryl Lawes (Senior Statutory Auditor)
for and on behalf of Kynance Ltd t/as England and Company

The Report of the auditors was unqualified.

Ms Cheryl Lawes (Senior Statutory Auditor)
for and on behalf of Kynance Ltd t/a England and Company (Statutory Auditor)

12. Controlling party

The immediate parent company is Zeiser Gmbh, a company registered in Germany, which owns 100% of the ordinary share capital of Zeiser Limited and is the smallest group to consolidate these financial statements.

Zeiser Gmbh prepares group financial statements and copies of these can be obtained from - Bogenstrasse 6-8, D78576, Emmingen, Germany.

The ultimate parent undertaking and controlling party is Orell Fussli Holding AG, a company registered in Switzerland, which owns 100% of the shares in Zeiser Gmbh and is the largest group to consolidate these financial statements.

Orell Fussli Holdings AG, prepares group financial statements and copies can be obtained from - Dietzinerstrasse 3, CH-8036, Zurich, Switzerland.