Zepple Ltd 09655945 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of the provision of consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true true 09655945 2023-04-01 2024-03-31 09655945 2024-03-31 09655945 core:CurrentFinancialInstruments 2024-03-31 09655945 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09655945 core:FurnitureFittingsToolsEquipment 2024-03-31 09655945 bus:SmallEntities 2023-04-01 2024-03-31 09655945 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09655945 bus:FilletedAccounts 2023-04-01 2024-03-31 09655945 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09655945 bus:RegisteredOffice 2023-04-01 2024-03-31 09655945 bus:Director1 2023-04-01 2024-03-31 09655945 bus:Director2 2023-04-01 2024-03-31 09655945 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09655945 core:FurnitureFittings 2023-04-01 2024-03-31 09655945 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 09655945 countries:EnglandWales 2023-04-01 2024-03-31 09655945 2022-04-01 2023-03-31 09655945 2023-03-31 09655945 core:CurrentFinancialInstruments 2023-03-31 09655945 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 09655945

Zepple Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024

Brebners
Chartered Accountants
Brebners
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

 

Zepple Ltd

Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

897

-

Current assets

 

Debtors

5

14,000

11,459

Cash at bank and in hand

 

824

-

 

14,824

11,459

Creditors: Amounts falling due within one year

6

(15,132)

(14,981)

Net current liabilities

 

(308)

(3,522)

Net assets/(liabilities)

 

589

(3,522)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

489

(3,622)

Shareholders' funds/(deficit)

 

589

(3,522)

For the financial 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.

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; and

The directors acknowledge their 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 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

 

Zepple Ltd

Statement of Financial Position as at 31 March 2024

Approved and authorised by the Board on 11 February 2025 and signed on its behalf by:
 

.........................................

S M Reilly

Director

.........................................

A L Reilly

Director

Company registration number: 09655945

 

Zepple Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of the provision of consultancy services.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a profit for the year ended 31 March 2024. Subsequent to 31 March 2024 the latest management accounts show that the company has traded profitably and generated sufficient working capital.

Based upon the above the directors have a reasonable expectation that the company has adequate resources for the foreseeable future. Accordingly, the directors have adopted the going concern basis when preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured over the period in which the services were provided.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Zepple Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

over 3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 during the year was 1 (2023 - 1).

 

Zepple Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,291

1,291

At 31 March 2024

1,291

1,291

Depreciation

Charge for the year

394

394

At 31 March 2024

394

394

Carrying amount

At 31 March 2024

897

897

5

Debtors

2024
£

2023
£

Other debtors

14,000

11,459

14,000

11,459

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Loans and borrowings

7

-

1,527

Taxation and social security

 

7,200

8,776

Accruals and deferred income

 

3,000

3,050

Other creditors

 

4,932

1,628

 

15,132

14,981

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

-

1,527