1 August 2023 v2025.16.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP035848972023-08-012024-07-31035848972024-07-31035848972023-07-3103584897core:WithinOneYear2024-07-3103584897core:WithinOneYear2023-07-3103584897core:ShareCapital2024-07-3103584897core:ShareCapital2023-07-3103584897core:RetainedEarningsAccumulatedLosses2024-07-3103584897core:RetainedEarningsAccumulatedLosses2023-07-3103584897bus:Director12023-08-012024-07-3103584897bus:RegisteredOffice2023-08-012024-07-3103584897core:FurnitureFittings2023-08-012024-07-31035848972022-08-012023-07-3103584897core:PlantMachinery2024-07-3103584897core:PlantMachinery2023-08-0103584897core:PlantMachinery2023-08-012024-07-3103584897core:PlantMachinery2023-07-3103584897core:AfterOneYear2023-07-310358489712023-08-012024-07-3103584897countries:EnglandWales2023-08-012024-07-3103584897bus:AuditExemptWithAccountantsReport2023-08-012024-07-3103584897bus:PrivateLimitedCompanyLtd2023-08-012024-07-3103584897bus:SmallEntities2023-08-012024-07-3103584897bus:FullAccounts2023-08-012024-07-31
Company registration number:
03584897
Zephyros Systems Limited
Unaudited Filleted Financial Statements for the year ended
31 July 2024
Zephyros Systems Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Zephyros Systems Limited
Year ended
31 July 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
Zephyros Systems Limited
for the year ended
31 July 2024
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Zephyros Systems Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Zephyros Systems Limited
and state those matters that we have agreed to state to the Board of Directors of
Zephyros Systems Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Zephyros Systems Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Zephyros Systems 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 profit of
Zephyros Systems Limited
. You consider that
Zephyros Systems 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 Zephyros Systems 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.
Percy Pemberton & Co
Chartered Accountants
PO BOX 241
Wakefield
West Yorkshire
WF2 6WA
United Kingdom
Date:
12 February 2025
Zephyros Systems Limited
Statement of Financial Position
31 July 2024
20242023
Note££
Fixed assets    
Tangible assets 5
2,880
 
3,840
 
Current assets    
Debtors 6
2,250
 
2,250
 
Cash at bank and in hand
158,880
 
168,791
 
161,130
 
171,041
 
Creditors: amounts falling due within one year 7
(78,678
)
(71,801
)
Net current assets
82,452
 
99,240
 
Total assets less current liabilities 85,332   103,080  
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
85,330
 
103,078
 
Shareholders funds
85,332
 
103,080
 
For the year ending
31 July 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
12 February 2025
, and are signed on behalf of the board by:
Mr R Garner
Director
Company registration number:
03584897
Zephyros Systems Limited
Notes to the Financial Statements
Year ended
31 July 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
89 Red Hall Lane
,
Shadwell
,
Leeds
,
West Yorkshire
,
LS17 8NA
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
25% on a reducing balance

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 August 2023
and
31 July 2024
38,448
 
Depreciation  
At
1 August 2023
34,608
 
Charge
960
 
At
31 July 2024
35,568
 
Carrying amount  
At
31 July 2024
2,880
 
At 31 July 2023
3,840
 

6 Debtors

20242023
££
Trade debtors
2,250
 
2,250
 
The debtors above include the following amounts falling due after more than one year:
20242023
££
Trade debtors -  
2,250
 

7 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
7,982
 
1,577
 
Other creditors
70,696
 
70,224
 
78,678
 
71,801