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Registration number: 7866293

Zodav Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Zodav Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Zodav Limited

(Registration number: 7866293)
Statement of Financial Position as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

200,001

200,001

Current assets

 

Debtors

5

80,043

2,698,837

Creditors: Amounts falling due within one year

6

-

(4,203)

Net current assets

 

80,043

2,694,634

Net assets

 

280,044

2,894,635

Capital and reserves

 

Called up share capital

200,001

200,001

Retained earnings

80,043

2,694,634

Shareholders' funds

 

280,044

2,894,635

For the financial 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.

Director's 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; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 28 January 2025
 

.........................................
Mr David Brimblecombe
Director

   
     
 

Zodav Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1, Burnham Close
Burnham Trading Park
Burnley
Lancashire
BB11 4AJ

These financial statements were authorised for issue by the director on 28 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Group accounts not prepared

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Statement of Financial Position

Statement of Financial Position are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Statement of Financial Position are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Zodav Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investments

2024
£

2023
£

Investments in subsidiaries

200,001

200,001

Subsidiaries

£

Cost or valuation

At 1 May 2023

200,001

Provision

Carrying amount

At 30 April 2024

200,001

At 30 April 2023

200,001

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

7

80,043

2,698,837

   

80,043

2,698,837

 

Zodav Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

-

4,203

7

Related party transactions

Summary of transactions with other related parties


Elec Developments Limited

 
(Mr David Brimblecombe is a director of Elec Developments Limited and Zodav Limited)
 A loan for £2,614,591 owed by Elec Developments Limited to Zodav Limited was written off during the year.
 

8

Parent and ultimate parent undertaking

There has been a change in ownership of the company during the year to 30 April 2024. The company's immediate and ultimate parent is Zodav (EOT) Limited, incorporated in England and Wales.