IRIS Accounts Production v24.3.0.553 04113542 Board of Directors 1.2.23 31.1.24 31.1.24 0 0 true false true false false true false Fair value model Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041135422023-01-31041135422024-01-31041135422023-02-012024-01-31041135422022-01-31041135422022-02-012023-01-31041135422023-01-3104113542ns15:EnglandWales2023-02-012024-01-3104113542ns14:PoundSterling2023-02-012024-01-3104113542ns10:Director12023-02-012024-01-3104113542ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3104113542ns10:SmallEntities2023-02-012024-01-3104113542ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3104113542ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3104113542ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3104113542ns10:FullAccounts2023-02-012024-01-3104113542ns10:OrdinaryShareClass12023-02-012024-01-3104113542ns10:Director22023-02-012024-01-3104113542ns10:RegisteredOffice2023-02-012024-01-3104113542ns5:CurrentFinancialInstruments2024-01-3104113542ns5:CurrentFinancialInstruments2023-01-3104113542ns5:Non-currentFinancialInstruments2024-01-3104113542ns5:Non-currentFinancialInstruments2023-01-3104113542ns5:ShareCapital2024-01-3104113542ns5:ShareCapital2023-01-3104113542ns5:RevaluationReserve2024-01-3104113542ns5:RevaluationReserve2023-01-3104113542ns5:RetainedEarningsAccumulatedLosses2024-01-3104113542ns5:RetainedEarningsAccumulatedLosses2023-01-3104113542ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-02-012024-01-3104113542ns5:LandBuildingsns5:ShortLeaseholdAssets2023-02-012024-01-3104113542ns5:PlantMachinery2023-02-012024-01-3104113542ns5:FurnitureFittings2023-02-012024-01-3104113542ns5:MotorVehicles2023-02-012024-01-3104113542ns5:LandBuildings2023-01-3104113542ns5:LandBuildingsns5:ShortLeaseholdAssets2023-01-3104113542ns5:PlantMachinery2023-01-3104113542ns5:LandBuildings2023-02-012024-01-3104113542ns5:LandBuildings2024-01-3104113542ns5:LandBuildingsns5:ShortLeaseholdAssets2024-01-3104113542ns5:PlantMachinery2024-01-3104113542ns5:LandBuildings2023-01-3104113542ns5:LandBuildingsns5:ShortLeaseholdAssets2023-01-3104113542ns5:PlantMachinery2023-01-3104113542ns5:FurnitureFittings2023-01-3104113542ns5:MotorVehicles2023-01-3104113542ns5:FurnitureFittings2024-01-3104113542ns5:MotorVehicles2024-01-3104113542ns5:FurnitureFittings2023-01-3104113542ns5:MotorVehicles2023-01-3104113542ns5:CostValuation2023-01-3104113542ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3104113542ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3104113542ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3104113542ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3104113542ns5:Secured2024-01-3104113542ns5:Secured2023-01-3104113542ns10:OrdinaryShareClass12024-01-3104113542ns5:RevaluationReserve2023-01-31
REGISTERED NUMBER: 04113542 (England and Wales)



















ZYCOMM HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






ZYCOMM HOLDINGS LIMITED (REGISTERED NUMBER: 04113542)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 9


ZYCOMM HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr M I Sneap
Mrs B P Sneap





REGISTERED OFFICE: 81 Burton Road
Derby
Derbyshire
DE1 1TJ





REGISTERED NUMBER: 04113542 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

ZYCOMM HOLDINGS LIMITED (REGISTERED NUMBER: 04113542)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,344,615 2,367,992
Investments 5 494 494
Investment property 6 367,240 150,673
2,712,349 2,519,159

CURRENT ASSETS
Debtors 7 718,540 557,421
Cash at bank 1,129,257 1,475,979
1,847,797 2,033,400
CREDITORS
Amounts falling due within one year 8 134,499 131,285
NET CURRENT ASSETS 1,713,298 1,902,115
TOTAL ASSETS LESS CURRENT LIABILITIES 4,425,647 4,421,274

CREDITORS
Amounts falling due after more than one year 9 (14,947 ) (30,893 )

PROVISIONS FOR LIABILITIES (210,165 ) (211,762 )
NET ASSETS 4,200,535 4,178,619

CAPITAL AND RESERVES
Called up share capital 11 4,000 4,000
Revaluation reserve 12 970,833 970,833
Retained earnings 3,225,702 3,203,786
SHAREHOLDERS' FUNDS 4,200,535 4,178,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ZYCOMM HOLDINGS LIMITED (REGISTERED NUMBER: 04113542)

BALANCE SHEET - continued
31 JANUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





Mr M I Sneap - Director


ZYCOMM HOLDINGS LIMITED (REGISTERED NUMBER: 04113542)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Zycomm Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents received, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Short leasehold - at varying rates on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 tax
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.

ZYCOMM HOLDINGS LIMITED (REGISTERED NUMBER: 04113542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST OR VALUATION
At 1 February 2023 971,909 310 1,485,000
Additions - - 6,678
Impairments - - (6,678 )
At 31 January 2024 971,909 310 1,485,000
DEPRECIATION
At 1 February 2023 139,881 310 -
Charge for year 12,788 - 8,787
Impairments - - (8,787 )
At 31 January 2024 152,669 310 -
NET BOOK VALUE
At 31 January 2024 819,240 - 1,485,000
At 31 January 2023 832,028 - 1,485,000

ZYCOMM HOLDINGS LIMITED (REGISTERED NUMBER: 04113542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST OR VALUATION
At 1 February 2023 34,300 39,467 2,530,986
Additions - - 6,678
Impairments - - (6,678 )
At 31 January 2024 34,300 39,467 2,530,986
DEPRECIATION
At 1 February 2023 12,768 10,035 162,994
Charge for year 3,230 7,359 32,164
Impairments - - (8,787 )
At 31 January 2024 15,998 17,394 186,371
NET BOOK VALUE
At 31 January 2024 18,302 22,073 2,344,615
At 31 January 2023 21,532 29,432 2,367,992

Included in Freehold Property is non-depreciated land of £332,500 (2023:£332,500).

The historical cost of plant and machinery was £982,541 (2023:£975,863) and the historical aggregate depreciation was £668,128 (2023:£659,341).

Cost or valuation at 31 January 2024 is represented by:

Freehold Short Plant and
property leasehold machinery
£    £    £   
Valuation in 2024 - - 1,485,000
Cost 971,909 310 -
971,909 310 1,485,000

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Valuation in 2024 - - 1,485,000
Cost 34,300 39,467 1,045,986
34,300 39,467 2,530,986

ZYCOMM HOLDINGS LIMITED (REGISTERED NUMBER: 04113542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 494
NET BOOK VALUE
At 31 January 2024 494
At 31 January 2023 494

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 150,673
Additions 216,567
At 31 January 2024 367,240
NET BOOK VALUE
At 31 January 2024 367,240
At 31 January 2023 150,673

The directors consider that the fair value of the investment property is £367,240 (2023:£150,673).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 70,590 43,462
Other debtors 589,011 468,461
Prepayments and accrued income 58,939 45,498
718,540 557,421

ZYCOMM HOLDINGS LIMITED (REGISTERED NUMBER: 04113542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 6,056 10,382
Payments on account 61,061 56,449
Trade creditors 14,937 7,919
Amounts owed to group undertakings 844 844
Corporation tax 9,771 16,277
VAT 11,633 11,617
Other creditors 530 530
Directors' current accounts 167 167
Accruals and deferred income 19,500 17,100
134,499 131,285

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 14,947 24,837
Hire purchase contracts - 6,056
14,947 30,893

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 24,947 34,837
Hire purchase contracts 6,056 16,438
31,003 51,275

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4,000 Ordinary £1 4,000 4,000

ZYCOMM HOLDINGS LIMITED (REGISTERED NUMBER: 04113542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


12. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 970,833

13. RELATED PARTY DISCLOSURES

Included in current liabilities are directors loans amounting to £167 (2023:£167) which have no fixed repayment terms and are interest free.