Registered number
01681303
Zealtask Limited
Filleted Accounts
31 December 2024
Zealtask Limited
Registered number: 01681303
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 490,415 490,000
Current assets
Cash at bank and in hand 2,096 1,465
Creditors: amounts falling due within one year 4 (103,531) (119,451)
Net current liabilities (101,435) (117,986)
Net assets 388,980 372,014
Capital and reserves
Called up share capital 100 100
Revaluation reserve 5 153,356 153,356
Profit and loss account 235,524 218,558
Shareholder's funds 388,980 372,014
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Andrews
Director
Approved by the board on 24 March 2025
Zealtask Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings N/A
Plant and machinery over 5 years
Motor Vehicles over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 490,000 - 9,651 499,651
Additions - 519 - 519
At 31 December 2024 490,000 519 9,651 500,170
Depreciation
At 1 January 2024 - - 9,651 9,651
Charge for the year - 104 - 104
At 31 December 2024 - 104 9,651 9,755
Net book value
At 31 December 2024 490,000 415 - 490,415
At 31 December 2023 490,000 - - 490,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 99,527 118,027
Taxation and social security costs 4,004 1,424
103,531 119,451
5 Revaluation reserve 2024 2023
£ £
At 1 January 2024 153,356 153,356
At 31 December 2024 153,356 153,356
6 Controlling party
The company is fully owned by the sole director.
7 Other information
Zealtask Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Broadmark Avenue
Rustington
Littlehampton
West Sussex
BN16 2HQ
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