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Registration number: SC579073

Zeplin Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Zeplin Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Zeplin Ltd

(Registration number: SC579073)
Statement of Financial Position as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

52,303

53,591

Current assets

 

Debtors

5

-

38,076

Cash at bank and in hand

 

5,656

114

 

5,656

38,190

Creditors: Amounts falling due within one year

6

(85,634)

(85,874)

Net current liabilities

 

(79,978)

(47,684)

Net (liabilities)/assets

 

(27,675)

5,907

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(27,775)

5,807

Shareholders' (deficit)/funds

 

(27,675)

5,907

For the financial year ending 31 October 2023 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. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 29 October 2024 and signed on its behalf by:
 

.........................................
Mr D H K Scanlan
Director

 

Zeplin Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
Tayside
DD1 3DG
Scotland

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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 initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

 

Zeplin Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, 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

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Cost or valuation

At 1 November 2022

40,713

17,161

At 31 October 2023

40,713

17,161

Depreciation

At 1 November 2022

-

4,283

Charge for the year

-

1,288

At 31 October 2023

-

5,571

Carrying amount

At 31 October 2023

40,713

11,590

At 31 October 2022

40,713

12,878

Included within the net book value of land and buildings above is £40,713 (2022 - £40,713) in respect of freehold land and buildings.
 

5

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

-

38,076

   

-

38,076

 

Zeplin Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

1,213

1,453

Other creditors

84,421

84,421

85,634

85,874

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary A of £1 each

49

49

49

49

Ordinary B of £1 each

49

49

49

49

Ordinary C of £1 each

1

1

1

1

Ordinary D of £1 each

1

1

1

1

100

100

100

100