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REGISTERED NUMBER: 11760235 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

ZAP CONCEPTS (UK & IRELAND) LTD

ZAP CONCEPTS (UK & IRELAND) LTD (REGISTERED NUMBER: 11760235)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ZAP CONCEPTS (UK & IRELAND) LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R P Scully





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 11760235 (England and Wales)





ACCOUNTANTS: S Burgess & Co Ltd
11 Slayleigh Avenue
Sheffield
South Yorkshire
S10 3RA

ZAP CONCEPTS (UK & IRELAND) LTD (REGISTERED NUMBER: 11760235)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 15,690 37,926
Cash at bank and in hand 12,437 129,608
28,127 167,534
CREDITORS
Amounts falling due within one year 5 40,540 144,221
NET CURRENT (LIABILITIES)/ASSETS (12,413 ) 23,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,413

)

23,313

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (12,414 ) 23,312
SHAREHOLDERS' FUNDS (12,413 ) 23,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2025 and were signed by:



R P Scully - Director


ZAP CONCEPTS (UK & IRELAND) LTD (REGISTERED NUMBER: 11760235)

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

1. STATUTORY INFORMATION

ZAP Concepts (UK & Ireland) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Turnover
Turnover represents the invoiced value of support activities for performing arts, excluding value added tax. Turnover is recognised in accordance with the contract terms. Further, turnover represents grant income in respect of a project (known as Smart Power Plan online tool) for the specification of low emission energy supplies for live events and other temporary users. Turnover from the grant is recognised in accordance with the grant terms.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.

Impairment
At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

ZAP CONCEPTS (UK & IRELAND) LTD (REGISTERED NUMBER: 11760235)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,985 34,219
Other debtors 1,117 3,707
Directors' current accounts 10,588 -
15,690 37,926

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 8,773 62,946
Corporation tax 7,017 7,017
Social security and other taxes 16,540 12,773
VAT 6,910 60,185
Accrued expenses 1,300 1,300
40,540 144,221

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director's current account of R P Scully became overdrawn during the year. The maximum amount owing to the company was £10,588, which was also the amount owing at the year end. The overdrawn balance on the director's current account was repaid to the company via a dividend on 21 December 2024. No interest has ben charged by the company.