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REGISTERED NUMBER: 05235293 (England and Wales)





















ZINC DIGITAL BUSINESS SOLUTIONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






ZINC DIGITAL BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 05235293)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


ZINC DIGITAL BUSINESS SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: J B Zielinski
P S Coverdale
R K L Francis
Dr M E A Goward
R J Jones
Mrs H M Reynolds





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 05235293 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

ZINC DIGITAL BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 05235293)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,921,883 4,454,743
Tangible assets 5 70,159 86,332
4,992,042 4,541,075

CURRENT ASSETS
Debtors 6 379,764 657,311
Cash at bank 477,567 138,841
857,331 796,152
CREDITORS
Amounts falling due within one year 7 424,581 242,929
NET CURRENT ASSETS 432,750 553,223
TOTAL ASSETS LESS CURRENT LIABILITIES 5,424,792 5,094,298

CREDITORS
Amounts falling due after more than one
year

8

1,060,167

1,098,167
NET ASSETS 4,364,625 3,996,131

CAPITAL AND RESERVES
Called up share capital 10 232 169
Share premium 3,564,917 2,278,264
Retained earnings 799,476 1,717,698
SHAREHOLDERS' FUNDS 4,364,625 3,996,131

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

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

The directors acknowledge their 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.

ZINC DIGITAL BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 05235293)

BALANCE SHEET - continued
31 AUGUST 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





P S Coverdale - Director


ZINC DIGITAL BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 05235293)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Zinc Digital Business Solutions Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property improvements - Straight line over 20 years
Fixtures and fittings - 20% on reducing balance
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax
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 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 the 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.

ZINC DIGITAL BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 05235293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023 4,660,206
Additions 700,150
At 31 August 2024 5,360,356
AMORTISATION
At 1 September 2023 205,463
Charge for year 233,010
At 31 August 2024 438,473
NET BOOK VALUE
At 31 August 2024 4,921,883
At 31 August 2023 4,454,743

ZINC DIGITAL BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 05235293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. TANGIBLE FIXED ASSETS
Leasehold Fixtures
property and Computer
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 64,918 114,440 118,871 298,229
DEPRECIATION
At 1 September 2023 22,726 78,795 110,376 211,897
Charge for year 3,246 7,128 5,799 16,173
At 31 August 2024 25,972 85,923 116,175 228,070
NET BOOK VALUE
At 31 August 2024 38,946 28,517 2,696 70,159
At 31 August 2023 42,192 35,645 8,495 86,332

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 219,732 340,930
Research & development tax credit 130,228 303,908
Prepayments 29,804 12,473
379,764 657,311

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 38,000 38,000
Trade creditors 95,029 47,580
Social security and other taxes 30,332 34,896
VAT 33,845 52,849
Other creditors 7,861 7,973
Credit card 14,626 15,407
Accruals and deferred income 204,888 46,224
424,581 242,929

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 60,167 98,167
Other loans - 2-5 years 1,000,000 1,000,000
1,060,167 1,098,167

ZINC DIGITAL BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 05235293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 36,500 36,500
Between one and five years 3,042 39,452
39,542 75,952

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 232 169