Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 09438343 Mrs F Matthews iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09438343 2023-02-28 09438343 2024-02-29 09438343 2023-03-01 2024-02-29 09438343 frs-core:CurrentFinancialInstruments 2024-02-29 09438343 frs-core:Non-currentFinancialInstruments 2024-02-29 09438343 frs-core:FurnitureFittings 2024-02-29 09438343 frs-core:FurnitureFittings 2023-03-01 2024-02-29 09438343 frs-core:FurnitureFittings 2023-02-28 09438343 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 09438343 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09438343 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 09438343 frs-core:PlantMachinery 2024-02-29 09438343 frs-core:PlantMachinery 2023-03-01 2024-02-29 09438343 frs-core:PlantMachinery 2023-02-28 09438343 frs-core:RevaluationReserve 2023-03-01 2024-02-29 09438343 frs-core:RevaluationReserve 2023-02-28 09438343 frs-core:RevaluationReserve 2024-02-29 09438343 frs-core:ShareCapital 2024-02-29 09438343 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09438343 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09438343 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09438343 frs-bus:SmallEntities 2023-03-01 2024-02-29 09438343 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09438343 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09438343 frs-bus:Director1 2023-03-01 2024-02-29 09438343 frs-core:CurrentFinancialInstruments 1 2024-02-29 09438343 frs-core:CurrentFinancialInstruments 2 2024-02-29 09438343 frs-countries:EnglandWales 2023-03-01 2024-02-29 09438343 2022-02-28 09438343 2023-02-28 09438343 2022-03-01 2023-02-28 09438343 frs-core:CurrentFinancialInstruments 2023-02-28 09438343 frs-core:Non-currentFinancialInstruments 2023-02-28 09438343 frs-core:RevaluationReserve 2023-02-28 09438343 frs-core:ShareCapital 2023-02-28 09438343 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 09438343 frs-core:CurrentFinancialInstruments 1 2023-02-28 09438343 frs-core:CurrentFinancialInstruments 2 2023-02-28
Registered number: 09438343
Zmu Limited
Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09438343
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,761,113 3,512,806
3,761,113 3,512,806
CURRENT ASSETS
Debtors 5 28,044 27,419
Cash at bank and in hand 12,178 18,715
40,222 46,134
Creditors: Amounts Falling Due Within One Year 6 (952,997 ) (952,904 )
NET CURRENT ASSETS (LIABILITIES) (912,775 ) (906,770 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,848,338 2,606,036
Creditors: Amounts Falling Due After More Than One Year 7 (217,626 ) (217,626 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (408,019 ) (368,330 )
NET ASSETS 2,222,693 2,020,080
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 750,000 500,000
Profit and Loss Account 1,472,593 1,519,980
SHAREHOLDERS' FUNDS 2,222,693 2,020,080
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs F Matthews
Director
14 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Zmu Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09438343 . The registered office is Gothic House, Barker Gate, Nottingham, NG1 1JU.
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.
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.
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:
Freehold 5% Reducing Balance
Plant & Machinery 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
2.4. 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.
2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 March 2023 3,500,000 6,796 39,091 3,545,887
Additions - - 1,085 1,085
Revaluation 250,000 - - 250,000
As at 29 February 2024 3,750,000 6,796 40,176 3,796,972
Depreciation
As at 1 March 2023 - 4,675 28,406 33,081
Provided during the period - 424 2,354 2,778
As at 29 February 2024 - 5,099 30,760 35,859
Net Book Value
As at 29 February 2024 3,750,000 1,697 9,416 3,761,113
As at 1 March 2023 3,500,000 2,121 10,685 3,512,806
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 19,305 19,713
Prepayments and accrued income 8,739 7,706
28,044 27,419
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 50,868 32,232
Other taxes and social security 17 -
VAT 5,875 1,281
Other creditors 23,915 19,945
Other creditors (1) 21,000 -
Pension 353 141
Accruals and deferred income 7,613 6,064
Director's loan account 843,356 893,241
952,997 952,904
Included within other creditors is an amount of £21,000 which is for amounts owed to Anna Zafra and Laura Wagner.
This amount is interest free.
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 217,626 217,626
Included within other creditors is an amount of £217,626 which is for a private loan to Christian Wagner.
This amount is interest free.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 1 March 2023 500,000
Surplus on revaluation 250,000
As at 29 February 2024 750,000
10. Related Party Transactions
At the balance sheet date, the company owed the Director £843,356 (2023: £893,241). The amount is unsecured, interest-free, with no fixed repayment date.
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