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REGISTERED NUMBER: OC353599 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

ZING DIGITAL & MARKETING SERVICES LLP

ZING DIGITAL & MARKETING SERVICES LLP (REGISTERED NUMBER: OC353599)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ZING DIGITAL & MARKETING SERVICES LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Mr D R C Treasure
Mrs A M Treasure





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: OC353599 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

ZING DIGITAL & MARKETING SERVICES LLP (REGISTERED NUMBER: OC353599)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 24,000 30,000
Tangible assets 5 4,204 13,234
28,204 43,234

CURRENT ASSETS
Debtors 6 872,896 394,357
Cash at bank 624,614 918,475
1,497,510 1,312,832
CREDITORS
Amounts falling due within one year 7 1,514,047 1,325,360
NET CURRENT LIABILITIES (16,537 ) (12,528 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,667

30,706

CREDITORS
Amounts falling due after more than one year 8 11,667 30,706
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

TOTAL MEMBERS' INTERESTS
Amounts due from members 6 (298,215 ) (122,083 )

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

ZING DIGITAL & MARKETING SERVICES LLP (REGISTERED NUMBER: OC353599)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 22 April 2025 and were signed by:





Mr D R C Treasure - Designated member

ZING DIGITAL & MARKETING SERVICES LLP (REGISTERED NUMBER: OC353599)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Zing Digital & Marketing Services LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 7 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 60,000
AMORTISATION
At 1 April 2023 30,000
Amortisation for year 6,000
At 31 March 2024 36,000
NET BOOK VALUE
At 31 March 2024 24,000
At 31 March 2023 30,000

ZING DIGITAL & MARKETING SERVICES LLP (REGISTERED NUMBER: OC353599)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 36,620 73,030 12,138 121,788
Disposals (250 ) - (1,867 ) (2,117 )
At 31 March 2024 36,370 73,030 10,271 119,671
DEPRECIATION
At 1 April 2023 33,161 67,555 7,838 108,554
Charge for year 847 5,475 2,634 8,956
Eliminated on disposal (176 ) - (1,867 ) (2,043 )
At 31 March 2024 33,832 73,030 8,605 115,467
NET BOOK VALUE
At 31 March 2024 2,538 - 1,666 4,204
At 31 March 2023 3,459 5,475 4,300 13,234

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 157,053 111,602
Bad debts provision (41,409 ) -
Amounts owed by group undertakings 456,337 156,337
Amounts due from members 298,215 122,083
Other debtors 2,700 4,335
872,896 394,357

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Trade creditors 31,533 20,220
Social security and other taxes 23,850 14,526
VAT 10,278 26,059
Other creditors - 1,495
Accruals and deferred income 1,438,386 1,253,060
1,514,047 1,325,360

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 9) 11,667 30,706

ZING DIGITAL & MARKETING SERVICES LLP (REGISTERED NUMBER: OC353599)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 yr 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,667 20,706