Company Registration No. 10986938 (England and Wales)
Zen Financial Advice Ltd
Unaudited accounts
for the year ended 31 March 2024
Zen Financial Advice Ltd
Unaudited accounts
Contents
Zen Financial Advice Ltd
Company Information
for the year ended 31 March 2024
Company Number
10986938 (England and Wales)
Registered Office
50 Arcadian Gardens
London
N22 5AD
England
Accountants
Alexander-Passe & Co
33 Chessington Avenue
London
N3 3DR
Zen Financial Advice Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
25,143
5,855
Cash at bank and in hand
24,488
56,320
Creditors: amounts falling due within one year
(7,959)
(17,076)
Net current assets
16,529
39,244
Total assets less current liabilities
41,672
45,099
Creditors: amounts falling due after more than one year
(3,771)
(6,771)
Called up share capital
1
1
Profit and loss account
37,900
38,327
Shareholders' funds
37,901
38,328
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 January 2025 and were signed on its behalf by
Mr X Xenophontos
Director
Company Registration No. 10986938
Zen Financial Advice Ltd
Notes to the Accounts
for the year ended 31 March 2024
Zen Financial Advice Ltd is a private company, limited by shares, registered in England and Wales, registration number 10986938. The registered office is 50 Arcadian Gardens, London, N22 5AD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
9,479
-
9,479
Additions
4,996
16,726
21,722
At 31 March 2024
14,475
16,726
31,201
At 1 April 2023
3,624
-
3,624
Charge for the year
2,086
348
2,434
At 31 March 2024
5,710
348
6,058
At 31 March 2024
8,765
16,378
25,143
At 31 March 2023
5,855
-
5,855
Zen Financial Advice Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,913
2,913
Taxes and social security
10,616
11,710
Other creditors
2,000
2,000
Loans from directors
(9,999)
(1,977)
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).