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Registered number: 10193017
Zutato Limited
Financial Statements
For The Year Ended 31 May 2024
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10193017
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,819 1,819
Investments 5 352,394 309,710
354,213 311,529
CURRENT ASSETS
Debtors 6 4,000 4,000
Cash at bank and in hand 143,363 259,573
147,363 263,573
Creditors: Amounts Falling Due Within One Year 7 (4,147 ) (16,286 )
NET CURRENT ASSETS (LIABILITIES) 143,216 247,287
TOTAL ASSETS LESS CURRENT LIABILITIES 497,429 558,816
NET ASSETS 497,429 558,816
CAPITAL AND RESERVES
Called up share capital 8 103 103
Profit and Loss Account 497,326 558,713
SHAREHOLDERS' FUNDS 497,429 558,816
Page 1
Page 2
For the year ending 31 May 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 directors acknowledge their 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
N Martin
Director
27th January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Zutato Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10193017 . The registered office is Friendly Cottage, Run Common, Shamley Green, Surrey, GU5 0SY. The company's functional and presentational currency is GBP and no level of rounding has been used in the preparation of the financial statements.
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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities
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:
Plant & Machinery no depreciation
Computer Equipment no depreciation
2.4. Taxation
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 559 5,865 6,424
As at 31 May 2024 559 5,865 6,424
Depreciation
As at 1 June 2023 211 4,394 4,605
As at 31 May 2024 211 4,394 4,605
Net Book Value
As at 31 May 2024 348 1,471 1,819
As at 1 June 2023 348 1,471 1,819
5. Investments
Listed
£
Cost
As at 1 June 2023 309,710
Fair value adjustments 42,684
As at 31 May 2024 352,394
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 352,394
As at 1 June 2023 309,710
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 4,000 4,000
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 2,347 3,192
Taxation and social security 1,800 13,094
4,147 16,286
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 103 103
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