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REGISTERED NUMBER: 13408751 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024

FOR

ZGA DIGITAL LIMITED

ZGA DIGITAL LIMITED (REGISTERED NUMBER: 13408751)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ZGA DIGITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTOR: Z G Appleton





REGISTERED OFFICE: 85-87 Bayham Street
London
NW1 0AG





REGISTERED NUMBER: 13408751 (England and Wales)





ACCOUNTANTS: Factotum Group LLP
85 Great Portland Street
London
W1W 7LT

ZGA DIGITAL LIMITED (REGISTERED NUMBER: 13408751)

BALANCE SHEET
31ST MAY 2024

31.5.24 31.5.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,477 -
Tangible assets 5 7,464 3,728
8,941 3,728

CURRENT ASSETS
Debtors 6 156,365 253,326
Cash at bank 401,159 299,568
557,524 552,894
CREDITORS
Amounts falling due within one year 7 237,424 369,148
NET CURRENT ASSETS 320,100 183,746
TOTAL ASSETS LESS CURRENT LIABILITIES 329,041 187,474

PROVISIONS FOR LIABILITIES 2,236 872
NET ASSETS 326,805 186,602

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 326,705 186,502
326,805 186,602

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

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

The director acknowledges his 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.

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 director and authorised for issue on 14th January 2025 and were signed by:





Z G Appleton - Director


ZGA DIGITAL LIMITED (REGISTERED NUMBER: 13408751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. STATUTORY INFORMATION

ZGA Digital 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets under the cost model are stated at historical cost less accumlated depreciation and any accumlated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings - 20% Straight-line
Computer equipment - 33% Straight-line

The assets residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are 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.

ZGA DIGITAL LIMITED (REGISTERED NUMBER: 13408751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Restated year end 2023 comparative
During the financial year 2024, the company identified an overstatement to accruals relating to the prior year financial year. As a result, creditors have been adjusted by £111,883 in accordance with FRS 102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
Cost
Additions 1,477
At 31st May 2024 1,477
Net book value
At 31st May 2024 1,477

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1st June 2023 399 4,889 5,288
Additions 2,170 4,763 6,933
At 31st May 2024 2,569 9,652 12,221
Depreciation
At 1st June 2023 108 1,452 1,560
Charge for year 499 2,698 3,197
At 31st May 2024 607 4,150 4,757
Net book value
At 31st May 2024 1,962 5,502 7,464
At 31st May 2023 291 3,437 3,728

ZGA DIGITAL LIMITED (REGISTERED NUMBER: 13408751)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
as restated
£    £   
Trade debtors 148,510 214,245
Other debtors 7,855 39,081
156,365 253,326

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
as restated
£    £   
Trade creditors 78,084 12,653
Taxation and social security 147,926 99,885
Other creditors 11,414 256,610
237,424 369,148

8. RELATED PARTY DISCLOSURES

As at the year-end date of 31 May 2024, the balance due from Z Appleton, who is the director of the company, is £0 (2023:£6,879). This balance appears in other creditors in the financial statements.