Acorah Software Products - Accounts Production 16.2.850 false true 26 April 2023 28 April 2022 false 27 April 2023 30 April 2024 30 April 2024 08018482 Mr Yitzchak Gluck Mr Yehoshua Lenes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08018482 2023-04-26 08018482 2024-04-30 08018482 2023-04-27 2024-04-30 08018482 frs-core:CurrentFinancialInstruments 2024-04-30 08018482 frs-core:Non-currentFinancialInstruments 2024-04-30 08018482 frs-core:ComputerEquipment 2024-04-30 08018482 frs-core:ComputerEquipment 2023-04-27 2024-04-30 08018482 frs-core:ComputerEquipment 2023-04-26 08018482 frs-core:FurnitureFittings 2024-04-30 08018482 frs-core:FurnitureFittings 2023-04-27 2024-04-30 08018482 frs-core:FurnitureFittings 2023-04-26 08018482 frs-core:NetGoodwill 2024-04-30 08018482 frs-core:NetGoodwill 2023-04-27 2024-04-30 08018482 frs-core:NetGoodwill 2023-04-26 08018482 frs-core:MotorVehicles 2024-04-30 08018482 frs-core:MotorVehicles 2023-04-27 2024-04-30 08018482 frs-core:MotorVehicles 2023-04-26 08018482 frs-core:ShareCapital 2024-04-30 08018482 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08018482 frs-bus:PrivateLimitedCompanyLtd 2023-04-27 2024-04-30 08018482 frs-bus:FilletedAccounts 2023-04-27 2024-04-30 08018482 frs-bus:SmallEntities 2023-04-27 2024-04-30 08018482 frs-bus:AuditExempt-NoAccountantsReport 2023-04-27 2024-04-30 08018482 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-27 2024-04-30 08018482 frs-bus:Director1 2023-04-27 2024-04-30 08018482 frs-bus:Director2 2023-04-27 2024-04-30 08018482 frs-countries:EnglandWales 2023-04-27 2024-04-30 08018482 2022-04-27 08018482 2023-04-26 08018482 2022-04-28 2023-04-26 08018482 frs-core:CurrentFinancialInstruments 2023-04-26 08018482 frs-core:Non-currentFinancialInstruments 2023-04-26 08018482 frs-core:ShareCapital 2023-04-26 08018482 frs-core:RetainedEarningsAccumulatedLosses 2023-04-26
Registered number: 08018482
Zolpo Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
JS & CO ACCOUNTANTS LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08018482
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 223,374 163,536
223,374 163,536
CURRENT ASSETS
Stocks 6 325,100 376,820
Debtors 7 1,231,348 1,062,104
Cash at bank and in hand 228,366 267,100
1,784,814 1,706,024
Creditors: Amounts Falling Due Within One Year 8 (933,108 ) (906,929 )
NET CURRENT ASSETS (LIABILITIES) 851,706 799,095
TOTAL ASSETS LESS CURRENT LIABILITIES 1,075,080 962,631
Creditors: Amounts Falling Due After More Than One Year 9 (133,057 ) (206,110 )
NET ASSETS 942,023 756,521
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 942,013 756,511
SHAREHOLDERS' FUNDS 942,023 756,521
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Yehoshua Lenes
Director
09/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Zolpo Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08018482 . The registered office is 108 Brent Street, London, NW4 2HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 20% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2023: 38)
30 38
4. Intangible Assets
Goodwill
£
Cost
As at 27 April 2023 90,000
As at 30 April 2024 90,000
Amortisation
As at 27 April 2023 90,000
As at 30 April 2024 90,000
Net Book Value
As at 30 April 2024 -
As at 27 April 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 27 April 2023 49,584 355,784 64,250 469,618
Additions - 102,516 - 102,516
As at 30 April 2024 49,584 458,300 64,250 572,134
Depreciation
As at 27 April 2023 30,802 228,855 46,425 306,082
Provided during the period 4,696 34,417 3,565 42,678
As at 30 April 2024 35,498 263,272 49,990 348,760
Net Book Value
As at 30 April 2024 14,086 195,028 14,260 223,374
As at 27 April 2023 18,782 126,929 17,825 163,536
6. Stocks
2024 2023
£ £
Finished goods 325,100 376,820
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 347,959 376,919
Prepayments and accrued income 178,185 230,958
Other debtors 705,204 454,227
1,231,348 1,062,104
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 787,930 741,216
Bank loans and overdrafts 1,486 -
Corporation tax 69,662 100,265
Other taxes and social security 4,632 6,639
VAT 4,254 1,130
Other creditors 63,144 55,179
Accruals and deferred income 2,000 2,500
933,108 906,929
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 133,057 206,110
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 5