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Company Registration No. 13926184 (England and Wales)
ZIYUN LTD Unaudited accounts for the year ended 31 March 2024
ZIYUN LTD Unaudited accounts Contents
Page
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ZIYUN LTD Company Information for the year ended 31 March 2024
Directors
Tathagat Goswami Jasraj Singh
Company Number
13926184 (England and Wales)
Registered Office
36 HIGH STREET OXFORD OX1 4AN ENGLAND
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ZIYUN LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
844 
1,219 
Current assets
Inventories
698 
3,215 
Debtors
75,982 
62,719 
Cash at bank and in hand
8,628 
2,167 
85,308 
68,101 
Creditors: amounts falling due within one year
(123,047)
(94,537)
Net current liabilities
(37,739)
(26,436)
Total assets less current liabilities
(36,895)
(25,217)
Provisions for liabilities
Deferred tax
(160)
(232)
Net liabilities
(37,055)
(25,449)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(37,056)
(25,450)
Shareholders' funds
(37,055)
(25,449)
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 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 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 of Directors and authorised for issue on 5 February 2025 and were signed on its behalf by
Jasraj Singh Director Company Registration No. 13926184
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ZIYUN LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
ZIYUN LTD is a private company, limited by shares, registered in England and Wales, registration number 13926184. The registered office is 36 HIGH STREET, OXFORD, OX1 4AN, 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.
3
Accounting policies
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.
Basis of preparation
These financial statements have been prepared on the going concern basis, under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 (FRS102) "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover is attributable to the company's continuing principal activity.
Tangible fixed assets and depreciation
Assets with an economic life of more than one year and value greater than £1,000 are capitalised. Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is provided to write off the cost of tangible fixed assets over their estimated useful lives on a straight-line basis at the following rates: Plant and Machinery: 25 per cent of cost
Inventories
Inventories are valued at the lower of cost and net realisable value. Cost is calculated on a First In First Out (FIFO) basis.
Deferred taxation
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 the 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 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. Deferred tax assets and liabilities are not discounted.
Going concern
There were net current liabilities as at 31/03/2024. These financial statements have been prepared on a going concern basis, which is dependent upon the continued support of the directors.
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ZIYUN LTD Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,500 
At 31 March 2024
1,500 
Depreciation
At 1 April 2023
281 
Charge for the year
375 
At 31 March 2024
656 
Net book value
At 31 March 2024
844 
At 31 March 2023
1,219 
5
Inventories
2024 
2023 
£ 
£ 
Raw materials
698 
3,215 
698 
3,215 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
10,484 
5,870 
Trade debtors
985 
841 
Accrued income and prepayments
17,713 
9,208 
29,182 
15,919 
Amounts falling due after more than one year
Other debtors
46,800 
46,800 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
14,622 
996 
Taxes and social security
(390)
1,638 
Other creditors
25,149 
15,196 
Loans from directors
80,780 
74,851 
Accruals
2,886 
1,856 
123,047 
94,537 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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ZIYUN LTD Notes to the Accounts for the year ended 31 March 2024
9
Transactions with related parties
The company was under the control of the director Zhipeng Wang throughout the current and previous period. As at 31/03/2024, the amount owed to Zhipeng Wang was £80,780 (2023: £74,851). The loans are repayable on demand. Zhipeng Wang resigned on 05/08/2024.
10
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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