Silverfin false false 30/11/2023 01/12/2022 30/11/2023 Diana Novoa 08/11/2010 Paul Wallace 08/11/2010 29 November 2024 The principal activity of the Company during the financial year was that of a wholesaler of tea. 07431881 2023-11-30 07431881 bus:Director1 2023-11-30 07431881 bus:Director2 2023-11-30 07431881 2022-11-30 07431881 core:CurrentFinancialInstruments 2023-11-30 07431881 core:CurrentFinancialInstruments 2022-11-30 07431881 core:Non-currentFinancialInstruments 2023-11-30 07431881 core:Non-currentFinancialInstruments 2022-11-30 07431881 core:ShareCapital 2023-11-30 07431881 core:ShareCapital 2022-11-30 07431881 core:RetainedEarningsAccumulatedLosses 2023-11-30 07431881 core:RetainedEarningsAccumulatedLosses 2022-11-30 07431881 core:OtherResidualIntangibleAssets 2022-11-30 07431881 core:OtherResidualIntangibleAssets 2023-11-30 07431881 core:PlantMachinery 2022-11-30 07431881 core:OfficeEquipment 2022-11-30 07431881 core:PlantMachinery 2023-11-30 07431881 core:OfficeEquipment 2023-11-30 07431881 2022-12-01 2023-11-30 07431881 bus:FilletedAccounts 2022-12-01 2023-11-30 07431881 bus:SmallEntities 2022-12-01 2023-11-30 07431881 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 07431881 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07431881 bus:Director1 2022-12-01 2023-11-30 07431881 bus:Director2 2022-12-01 2023-11-30 07431881 core:OtherResidualIntangibleAssets core:TopRangeValue 2022-12-01 2023-11-30 07431881 core:PlantMachinery core:TopRangeValue 2022-12-01 2023-11-30 07431881 core:OfficeEquipment core:TopRangeValue 2022-12-01 2023-11-30 07431881 2021-12-01 2022-11-30 07431881 core:OtherResidualIntangibleAssets 2022-12-01 2023-11-30 07431881 core:PlantMachinery 2022-12-01 2023-11-30 07431881 core:OfficeEquipment 2022-12-01 2023-11-30 07431881 core:Non-currentFinancialInstruments 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Company No: 07431881 (England and Wales)

ZACELY LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

ZACELY LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

ZACELY LIMITED

BALANCE SHEET

As at 30 November 2023
ZACELY LIMITED

BALANCE SHEET (continued)

As at 30 November 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 2,114 366
Tangible assets 4 6,360 6,543
8,474 6,909
Current assets
Stocks 5 22,389 21,052
Debtors 6 671,278 653,452
Cash at bank and in hand 147,549 58,806
841,216 733,310
Creditors: amounts falling due within one year 7 ( 262,022) ( 192,454)
Net current assets 579,194 540,856
Total assets less current liabilities 587,668 547,765
Creditors: amounts falling due after more than one year 8 ( 96,215) ( 120,952)
Provision for liabilities ( 1,216) ( 1,312)
Net assets 490,237 425,501
Capital and reserves
Called-up share capital 6 6
Profit and loss account 490,231 425,495
Total shareholders' funds 490,237 425,501

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Zacely Limited (registered number: 07431881) were approved and authorised for issue by the Board of Directors on 29 November 2024. They were signed on its behalf by:

Paul Wallace
Director
ZACELY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
ZACELY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Zacely Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 10 High Street, Poole, BH15 1BP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery 4 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 December 2022 14,235 14,235
Additions 2,150 2,150
At 30 November 2023 16,385 16,385
Accumulated amortisation
At 01 December 2022 13,869 13,869
Charge for the financial year 402 402
At 30 November 2023 14,271 14,271
Net book value
At 30 November 2023 2,114 2,114
At 30 November 2022 366 366

4. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 December 2022 5,681 8,035 13,716
Additions 0 2,079 2,079
At 30 November 2023 5,681 10,114 15,795
Accumulated depreciation
At 01 December 2022 1,721 5,452 7,173
Charge for the financial year 1,358 904 2,262
At 30 November 2023 3,079 6,356 9,435
Net book value
At 30 November 2023 2,602 3,758 6,360
At 30 November 2022 3,960 2,583 6,543

5. Stocks

2023 2022
£ £
Stocks 22,389 21,052

6. Debtors

2023 2022
£ £
Trade debtors 486,446 246,214
Other debtors 184,832 407,238
671,278 653,452

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 30,416 29,807
Trade creditors 90,116 86,895
Taxation and social security 55,094 61,382
Other creditors 86,396 14,370
262,022 192,454

8. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 96,215 120,952

There are no amounts included above in respect of which any security has been given by the small entity.