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COMPANY REGISTRATION NUMBER: SC294553
Zoom Contracts Ltd (Formerly St. Mungo's Road Developments Limited)
Filleted Unaudited Financial Statements
30 June 2024
Zoom Contracts Ltd (Formerly St. Mungo's Road Developments Limited)
Financial Statements
Year ended 30 June 2024
Contents
Page
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
3
Zoom Contracts Ltd (Formerly St. Mungo's Road Developments Limited)
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Zoom Contracts Ltd (Formerly St. Mungo's Road Developments Limited)
Year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Zoom Contracts Ltd (Formerly St. Mungo's Road Developments Limited) for the year ended 30 June 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Zoom Contracts Ltd (Formerly St. Mungo's Road Developments Limited). Our work has been undertaken solely to prepare for your approval the financial statements of Zoom Contracts Ltd (Formerly St. Mungo's Road Developments Limited) and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zoom Contracts Ltd (Formerly St. Mungo's Road Developments Limited) and its director for our work or for this report.
It is your duty to ensure that Zoom Contracts Ltd (Formerly St. Mungo's Road Developments Limited) has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Zoom Contracts Ltd (Formerly St. Mungo's Road Developments Limited). You consider that Zoom Contracts Ltd (Formerly St. Mungo's Road Developments Limited) is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Zoom Contracts Ltd (Formerly St. Mungo's Road Developments Limited). For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
28 February 2025
Zoom Contracts Ltd (Formerly St. Mungo's Road Developments Limited)
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Current assets
Debtors
4
2,417
2,517
Cash at bank and in hand
331
7,876
-------
--------
2,748
10,393
Creditors: amounts falling due within one year
5
350
325
-------
--------
Net current assets
2,398
10,068
-------
--------
Total assets less current liabilities
2,398
10,068
-------
--------
Net assets
2,398
10,068
-------
--------
Capital and reserves
Called up share capital
500
500
Capital redemption reserve
500
500
Profit and loss account
1,398
9,068
-------
--------
Shareholders funds
2,398
10,068
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 February 2025 , and are signed on behalf of the board by:
Mr J O'Donnell
Director
Company registration number: SC294553
Zoom Contracts Ltd (Formerly St. Mungo's Road Developments Limited)
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Calderside Farm, Calderside Road, Blantyre, Glasgow, G72 0TN, Scotland.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalent
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investment that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
2024
2023
£
£
Other debtors
2,417
2,517
-------
-------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
350
325
----
----
6. Related party transactions
The company is owed £2,300 (2023: £2,300) from a company under common control.
7. Controlling party
The company was under the control of Mr and Mrs O'Donnell, directors throughout the current period.