Zen Collective Limited

Financial Statements for the Period 11 September 2023 to 30 September 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D Bandara

REGISTERED OFFICE:

Irongate Cottage

Weston

Hitchin

Hertfordshire

SG4 7DT

REGISTERED NUMBER:

15131784 (England and Wales)

ACCOUNTANTS:

Hargreaves Owen Ltd

Chartered Certified Accountants

Red Sky House

Fairclough Hall, Halls Green

Weston

Hertfordshire

SG4 7DP

FIXED ASSETS

Intangible assets

4

2,397

Tangible assets

5

4,399

6,796

CURRENT ASSETS

Debtors

6

16,001

Cash at bank

535

16,536

CREDITORS

Amounts falling due within one year

7

60,082

NET CURRENT LIABILITIES

(43,546

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(36,750

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(36,751

)

(36,750

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 20 March 2025 and were signed by:

Mr D Bandara - Director

1.	STATUTORY INFORMATION

Zen Collective 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of three years.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

Additions

1,800

1,795

3,595

At 30 September 2024

1,800

1,795

3,595

AMORTISATION

Charge for period

600

598

1,198

At 30 September 2024

600

598

1,198

NET BOOK VALUE

At 30 September 2024

1,200

1,197

2,397

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

5,865

At 30 September 2024

5,865

DEPRECIATION

Charge for period

1,466

At 30 September 2024

1,466

NET BOOK VALUE

At 30 September 2024

4,399

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

10,000

Called up share capital not paid

1

Prepayments

6,000

16,001

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Intercompany creditor

52,000

Accruals and deferred income

7,242

Accrued expenses

840

60,082