Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 SC556110 Mrs Karen Curran Mr Michael Curran iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC556110 2023-01-31 SC556110 2024-01-31 SC556110 2023-02-01 2024-01-31 SC556110 frs-core:CurrentFinancialInstruments 2024-01-31 SC556110 frs-core:Non-currentFinancialInstruments 2024-01-31 SC556110 frs-core:MotorVehicles 2024-01-31 SC556110 frs-core:MotorVehicles 2023-02-01 2024-01-31 SC556110 frs-core:MotorVehicles 2023-01-31 SC556110 frs-core:PlantMachinery 2024-01-31 SC556110 frs-core:PlantMachinery 2023-02-01 2024-01-31 SC556110 frs-core:PlantMachinery 2023-01-31 SC556110 frs-core:ShareCapital 2024-01-31 SC556110 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC556110 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC556110 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC556110 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC556110 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC556110 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC556110 frs-bus:Director1 2023-02-01 2024-01-31 SC556110 frs-bus:Director2 2023-02-01 2024-01-31 SC556110 frs-countries:Scotland 2023-02-01 2024-01-31 SC556110 2022-01-31 SC556110 2023-01-31 SC556110 2022-02-01 2023-01-31 SC556110 frs-core:CurrentFinancialInstruments 2023-01-31 SC556110 frs-core:Non-currentFinancialInstruments 2023-01-31 SC556110 frs-core:ShareCapital 2023-01-31 SC556110 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: SC556110
Zest Energy Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Paterson Accountancy Ltd
29 Academy Place
Bathgate
EH48 1AS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC556110
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 57,840 72,000
57,840 72,000
CURRENT ASSETS
Debtors 5 162,832 162,832
Cash at bank and in hand 993,039 936,835
1,155,871 1,099,667
NET CURRENT ASSETS (LIABILITIES) 1,155,871 1,099,667
TOTAL ASSETS LESS CURRENT LIABILITIES 1,213,711 1,171,667
Creditors: Amounts Falling Due After More Than One Year 6 - 19,107
NET ASSETS 1,213,711 1,190,774
CAPITAL AND RESERVES
Called up share capital 7 3 3
Profit and Loss Account 1,213,708 1,190,771
SHAREHOLDERS' FUNDS 1,213,711 1,190,774
Page 1
Page 2
For the year ending 31 January 2024 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.
The financial statements were approved by the board of directors on 8 October 2024 and were signed on its behalf by:
Mrs Karen Curran
Director
08/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Zest Energy Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC556110 . The registered office is 23/2 Mitchell Street, Edinburgh, EH6 7BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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 20% Reducing
Motor Vehicles 18% Reducing
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 20)
18 20
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2023 30,000 42,000 72,000
As at 31 January 2024 30,000 42,000 72,000
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 February 2023 - - -
Provided during the period 6,600 7,560 14,160
As at 31 January 2024 6,600 7,560 14,160
Net Book Value
As at 31 January 2024 23,400 34,440 57,840
As at 1 February 2023 30,000 42,000 72,000
5. Debtors
2024 2023
£ £
Due within one year
Directors' loan accounts 109,694 109,694
Called up share capital not paid 35,003 35,003
144,697 144,697
Due after more than one year
Directors loan account 18,135 18,135
162,832 162,832
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - (19,107 )
7. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 35,003 35,003
Called Up Share Capital has been paid up (35,000) (35,000)
Amount of Allotted, Called Up Share Capital 3 3
Page 4