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COMPANY REGISTRATION NUMBER: 14538814
THE ZDL GROUP LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2024
THE ZDL GROUP LTD
STATEMENT OF FINANCIAL POSITION
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
46,104
38,353
Current assets
Debtors
6
554,524
741,614
Cash at bank and in hand
1,008,043
603,419
-------------
-------------
1,562,567
1,345,033
Creditors: amounts falling due within one year
7
692,881
749,522
-------------
-------------
Net current assets
869,686
595,511
----------
----------
Total assets less current liabilities
915,790
633,864
Creditors: amounts falling due after more than one year
8
29,433
Provisions
2,460
----------
----------
Net assets
886,357
631,404
----------
----------
Capital and reserves
Called up share capital
9
9,000
9,000
Profit and loss account
877,357
622,404
----------
----------
Shareholders funds
886,357
631,404
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
THE ZDL GROUP LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 4 March 2025 , and are signed on behalf of the board by:
Mr P Brereton
Director
Company registration number: 14538814
THE ZDL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 31 DECEMBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 96-98 Church Road, Hove, East Sussex, BN3 2EB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.
Revenue recognition
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
33% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 34 (2023: 35 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 January 2024
17,072
27,025
86,760
130,857
Additions
38,077
1,787
39,864
Disposals
( 9,795)
( 12,325)
( 54,210)
( 76,330)
---------
---------
---------
----------
At 31 December 2024
7,277
52,777
34,337
94,391
---------
---------
---------
----------
Depreciation
At 1 January 2024
14,366
6,756
71,382
92,504
Charge for the period
333
12,276
3,840
16,449
Disposals
( 8,421)
( 3,081)
( 49,164)
( 60,666)
---------
---------
---------
----------
At 31 December 2024
6,278
15,951
26,058
48,287
---------
---------
---------
----------
Carrying amount
At 31 December 2024
999
36,826
8,279
46,104
---------
---------
---------
----------
At 31 December 2023
2,706
20,269
15,378
38,353
---------
---------
---------
----------
6. Debtors
2024
2023
£
£
Trade debtors
390,554
522,568
Other debtors
163,970
219,046
----------
----------
554,524
741,614
----------
----------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
18,746
40,514
Corporation tax
99,416
3,297
Social security and other taxes
139,346
197,235
Other creditors
435,373
508,476
----------
----------
692,881
749,522
----------
----------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
29,433
---------
----
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary A shares of £ 0.01 each
300,000
3,000
300,000
3,000
Ordinary B shares of £ 0.01 each
300,000
3,000
300,000
3,000
Ordinary C shares of £ 0.01 each
300,000
3,000
300,000
3,000
----------
-------
----------
-------
900,000
9,000
900,000
9,000
----------
-------
----------
-------