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 06488775 Richard Smith Peter Doyle Richard Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06488775 2023-01-31 06488775 2024-01-31 06488775 2023-02-01 2024-01-31 06488775 frs-core:CurrentFinancialInstruments 2024-01-31 06488775 frs-core:Non-currentFinancialInstruments 2024-01-31 06488775 frs-core:BetweenOneFiveYears 2024-01-31 06488775 frs-core:FurnitureFittings 2024-01-31 06488775 frs-core:FurnitureFittings 2023-02-01 2024-01-31 06488775 frs-core:FurnitureFittings 2023-01-31 06488775 frs-core:PlantMachinery 2024-01-31 06488775 frs-core:PlantMachinery 2023-02-01 2024-01-31 06488775 frs-core:PlantMachinery 2023-01-31 06488775 frs-core:WithinOneYear 2024-01-31 06488775 frs-core:ShareCapital 2024-01-31 06488775 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 06488775 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06488775 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 06488775 frs-bus:SmallEntities 2023-02-01 2024-01-31 06488775 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06488775 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 06488775 frs-bus:Director1 2023-02-01 2024-01-31 06488775 frs-bus:Director2 2023-02-01 2024-01-31 06488775 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 06488775 frs-countries:EnglandWales 2023-02-01 2024-01-31 06488775 2022-01-31 06488775 2023-01-31 06488775 2022-02-01 2023-01-31 06488775 frs-core:CurrentFinancialInstruments 2023-01-31 06488775 frs-core:Non-currentFinancialInstruments 2023-01-31 06488775 frs-core:BetweenOneFiveYears 2023-01-31 06488775 frs-core:WithinOneYear 2023-01-31 06488775 frs-core:ShareCapital 2023-01-31 06488775 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 06488775
Zoom Digital Print Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
The Hughes Partnership
Chartered Certified Accountants and Business Advisers
91 Main Road
Meriden
West Midlands
CV7 7NL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06488775
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 105,860 121,237
105,860 121,237
CURRENT ASSETS
Stocks 5 4,263 24,301
Debtors 6 106,032 101,677
Cash at bank and in hand 28,394 157,797
138,689 283,775
Creditors: Amounts Falling Due Within One Year 7 (147,291 ) (187,038 )
NET CURRENT ASSETS (LIABILITIES) (8,602 ) 96,737
TOTAL ASSETS LESS CURRENT LIABILITIES 97,258 217,974
Creditors: Amounts Falling Due After More Than One Year 8 (53,954 ) (135,920 )
NET ASSETS 43,304 82,054
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 43,104 81,854
SHAREHOLDERS' FUNDS 43,304 82,054
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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.
On behalf of the board
Richard Smith
Director
31 October 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Zoom Digital Print Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06488775 . The registered office is Unit 1 Amphion Business Park, Silverstone Drive, Coventry, CV6 6PD.


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.
2.2.1. 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.
2.2.2. 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 15% reducing balance
Fixtures & Fittings 10% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
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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 years 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 assets reflect 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.
2.7.1 Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.10. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 11)
11 11
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2023 217,095 15,778 232,873
Additions 3,406 - 3,406
As at 31 January 2024 220,501 15,778 236,279
...CONTINUED
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Depreciation
As at 1 February 2023 100,308 11,328 111,636
Provided during the period 17,729 1,054 18,783
As at 31 January 2024 118,037 12,382 130,419
Net Book Value
As at 31 January 2024 102,464 3,396 105,860
As at 1 February 2023 116,787 4,450 121,237
Hire purchase agreements 
Included within the net book value of £107,561 is £63,470 (2023 – £74,670) relating to assets held under hire purchase agreements.
5. Stocks
2024 2023
£ £
Materials 2,009 5,813
Work in progress 2,254 18,488
4,263 24,301
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 88,988 74,966
Prepayments and accrued income 11,936 13,540
Other debtors 5,108 13,171
106,032 101,677
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,000 21,920
Trade creditors 95,809 85,377
Bank loans and overdrafts 10,000 10,000
Corporation tax 6,332 28,962
Other taxes and social security - 3,292
VAT 4,451 9,451
Other creditors - 575
Accruals and deferred income - 27,000
Directors' loan accounts 18,699 461
147,291 187,038
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 20,000 32,000
Bank loans 14,049 24,015
Intercompany Loan Account - Zoom Digital Media Limited 19,905 79,905
53,954 135,920
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,000 21,920
Later than one year and not later than five years 20,000 32,000
32,000 53,920
32,000 53,920
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
11. Related Party Transactions
The company incurred equipment hire costs amounting to £30,000 during the year from Zoom Digital Media Limited, a company in which Mr Richard Smith and Mr Peter Doyle (the directors) have a financial interest. These services were purchased on an arms length basis.
The balance outstanding (to)/from Zoom Digital Media Limited was (£19,905) (2023 : (£79,905)) at the balance sheet date, on which no interest will be paid.
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