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Registration number: 10423788

Zing 365 Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

Pages for filing with Registrar

 

Zing 365 Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Zing 365 Limited

Company Information

Directors

F A Burgess

J C Read

Registered office

Redcliff Quay
Redcliff Street
Bristol
BS1 6HU

Registered number

10423788

Accountants

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

Zing 365 Limited

(Registration number: 10423788)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

229,052

475,548

Cash at bank and in hand

 

308,614

99,884

 

537,666

575,432

Creditors: Amounts falling due within one year

5

(1,059,784)

(928,541)

Net liabilities

 

(522,118)

(353,109)

Capital and reserves

 

Called up share capital

6

100

100

Profit and loss account

(522,218)

(353,209)

Total equity

 

(522,118)

(353,109)

 

Zing 365 Limited

(Registration number: 10423788)
Balance Sheet as at 30 April 2024

For the financial year ending 30 April 2024 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 17 September 2024 and signed on its behalf by:
 

.........................................

F A Burgess
Director

 

Zing 365 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

Statutory information

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

The address of its registered office is:
Redcliff Quay
Redcliff Street
Bristol
BS1 6HU

2

Accounting policies

Summary of significant accounting policies

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

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.

Tax

The tax expense for the period comprises current 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.

 

Zing 365 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade creditors

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2023 - 13).

 

Zing 365 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Debtors: amounts falling due within one year

2024
£

2023
£

Trade debtors

146,695

121,233

Amounts owed by group undertakings

-

312,027

Prepayments

81,344

42,288

Other debtors

1,013

-

229,052

475,548

5

Creditors

2024
£

2023
£

Amounts falling due within one year

Trade creditors

56,074

40,165

Amounts owed to group undertakings

635,557

602,096

Taxation and social security

24,021

34,751

VAT

33,596

83,053

Other creditors

6,138

-

Accruals

295,064

168,476

Corporation tax

9,334

-

1,059,784

928,541

 

Zing 365 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100