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COMPANY REGISTRATION NUMBER: 07922114
Zolta Ltd
Filleted Unaudited Financial Statements
31 January 2024
Zolta Ltd
Financial Statements
Year ended 31 January 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
Zolta Ltd
Officers and Professional Advisers
Director
Mr I Adshead
Registered office
c/o Rose, Chartered Accountants
92a Bury Old Road
Whitefield
Manchester
M45 6TQ
Accountants
Rose, Chartered Accountants
92a Bury Old Road
Whitefield
Manchester
M45 6TQ
Company number 07922114
Zolta Ltd
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
Current assets
Stocks
5,783
4,579
Cash at bank and in hand
23,103
23,840
--------
--------
28,886
28,419
Creditors: amounts falling due within one year
5
25,561
26,015
--------
--------
Net current assets
3,325
2,404
-------
-------
Total assets less current liabilities
3,325
2,404
-------
-------
Net assets
3,325
2,404
-------
-------
Capital and reserves
Called up share capital
50
50
Profit and loss account
3,275
2,354
-------
-------
Shareholder funds
3,325
2,404
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 October 2024 , and are signed on behalf of the board by:
Mr I Adshead
Director
Company registration number: 07922114
Zolta Ltd
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Rose, Chartered Accountants, 92a Bury Old Road, Whitefield, Manchester, M45 6TQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company is being financially supported by the director. The loan provided by the director would not be called back in the foreseeable future, therefore the director considers it appropriate to prepare the financial statements on the going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover represents the total invoice value, excluding value added tax, of sales made during the period.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
1,672
2,985
Other creditors
23,889
23,030
--------
--------
25,561
26,015
--------
--------
6. Director transactions
At 31 January 2024 the company owed £23,049 (31 January 2023: £22,220) to the director and shareholder of the company. The amounts are interest free and repayable on demand. Dividends totalling £5,000 (31 January 2023: £8,000) were paid in the year in respect of shares held by the company's directors.