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Registered number: 03813862
Zenesis Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 03813862
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,054 25,792
22,054 25,792
CURRENT ASSETS
Stocks 5 33,785 28,843
Debtors 6 108,358 120,881
Cash at bank and in hand 13,442 29,980
155,585 179,704
Creditors: Amounts Falling Due Within One Year 7 (43,402 ) (66,640 )
NET CURRENT ASSETS (LIABILITIES) 112,183 113,064
TOTAL ASSETS LESS CURRENT LIABILITIES 134,237 138,856
Creditors: Amounts Falling Due After More Than One Year 8 (7,333 ) (16,133 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,485 ) (5,418 )
NET ASSETS 123,419 117,305
CAPITAL AND RESERVES
Called up share capital 10 600 600
Income Statement 122,819 116,705
SHAREHOLDERS' FUNDS 123,419 117,305
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For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Mr J Spackman
Director
28/04/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Zenesis Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03813862 . The registered office is The Old Schoolhouse 75a Jacobs Wells Road, Clifton, Bristol, BS8 1DJ .
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. 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:
Plant & Machinery 20% reducing balance
Computer Equipment over 4 years
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
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.
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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 years 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.
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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 96,223 6,093 102,316
Additions 3,657 - 3,657
Disposals (1,120 ) - (1,120 )
As at 31 July 2024 98,760 6,093 104,853
Depreciation
As at 1 August 2023 75,001 1,523 76,524
Provided during the period 4,752 1,523 6,275
As at 31 July 2024 79,753 3,046 82,799
Net Book Value
As at 31 July 2024 19,007 3,047 22,054
As at 1 August 2023 21,222 4,570 25,792
5. Stocks
2024 2023
£ £
Stock 33,785 28,843
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,880 14,833
Other debtors 105,478 106,048
108,358 120,881
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 8,800 8,800
Other loans 195 974
Other creditors 3,187 2,148
Taxation and social security 31,220 54,718
43,402 66,640
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,333 16,133
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 600 600
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr John Spackman 83,981 - - - 83,981
The above loan is unsecured, interest free and repayable on demand.
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