2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,739 3,097 405 3,502 237 642 xbrli:pure xbrli:shares iso4217:GBP 02337964 2023-05-01 2024-04-30 02337964 2024-04-30 02337964 2023-04-30 02337964 2022-05-01 2023-04-30 02337964 2023-04-30 02337964 2022-04-30 02337964 core:FurnitureFittings 2023-05-01 2024-04-30 02337964 bus:Director3 2023-05-01 2024-04-30 02337964 core:FurnitureFittings 2023-04-30 02337964 core:FurnitureFittings 2024-04-30 02337964 core:WithinOneYear 2024-04-30 02337964 core:WithinOneYear 2023-04-30 02337964 core:ShareCapital 2024-04-30 02337964 core:ShareCapital 2023-04-30 02337964 core:CapitalRedemptionReserve 2024-04-30 02337964 core:CapitalRedemptionReserve 2023-04-30 02337964 core:RetainedEarningsAccumulatedLosses 2024-04-30 02337964 core:RetainedEarningsAccumulatedLosses 2023-04-30 02337964 core:FurnitureFittings 2023-04-30 02337964 bus:SmallEntities 2023-05-01 2024-04-30 02337964 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 02337964 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02337964 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02337964 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 02337964
Zambelli Friend Limited
Filleted Unaudited Accounts
30 April 2024
Zambelli Friend Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
237
642
Current assets
Debtors
6
763
12,490
Cash at bank and in hand
111,424
142,541
---------
---------
112,187
155,031
Creditors: amounts falling due within one year
7
( 3,474)
( 5,683)
---------
---------
Net current assets
108,713
149,348
---------
---------
Total assets less current liabilities
108,950
149,990
---------
---------
Net assets
108,950
149,990
---------
---------
Capital and reserves
Called up share capital
8,338
8,338
Capital redemption reserve
64,412
64,412
Profit and loss account
36,200
77,240
---------
---------
Shareholders funds
108,950
149,990
---------
---------
These accounts 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 30 April 2024 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .
Zambelli Friend Limited
Statement of Financial Position (continued)
30 April 2024
These accounts were approved by the board of directors and authorised for issue on 10 January 2025 , and are signed on behalf of the board by:
G Ash
Director
Company registration number: 02337964
Zambelli Friend Limited
Notes to the Accounts
Year ended 30 April 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 10 Orange Street, Haymarket, London, WC2H 7DQ.
2. Statement of compliance
These accounts 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 measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fitting
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 May 2023 and 30 April 2024
3,739
3,739
-------
-------
Depreciation
At 1 May 2023
3,097
3,097
Charge for the year
405
405
-------
-------
At 30 April 2024
3,502
3,502
-------
-------
Carrying amount
At 30 April 2024
237
237
-------
-------
At 30 April 2023
642
642
-------
-------
6. Debtors
2024
2023
£
£
Other debtors
763
12,490
----
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
100
201
Other creditors
3,374
5,482
-------
-------
3,474
5,683
-------
-------