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REGISTERED NUMBER: SC581898 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ZAVFIT LIMITED

ZAVFIT LIMITED (REGISTERED NUMBER: SC581898)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ZAVFIT LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: I Taylor
Mrs A Freeman
Ms E Engelsen



REGISTERED OFFICE: 24A Ainslie Place
Edinburgh
Lothian
EH3 6AJ



BUSINESS ADDRESS: 10/3 Royal Circus
Edinburgh
EH3 6SR



REGISTERED NUMBER: SC581898 (Scotland)



ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ



SOLICITORS: Fox Williams LLP
10 Finsbury Square
London
EC2A 1AF

ZAVFIT LIMITED (REGISTERED NUMBER: SC581898)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 392,625 289,765
Tangible assets 5 6,849 6,371
399,474 296,136

CURRENT ASSETS
Debtors 6 6,951 217,219
Cash at bank 19,755 205,544
26,706 422,763
CREDITORS
Amounts falling due within one year 7 9,996 28,081
NET CURRENT ASSETS 16,710 394,682
TOTAL ASSETS LESS CURRENT
LIABILITIES

416,184

690,818

CAPITAL AND RESERVES
Called up share capital 21 19
Share premium 1,643,029 1,375,033
Retained earnings (1,226,866 ) (684,234 )
416,184 690,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:





Mrs A Freeman - Director


ZAVFIT LIMITED (REGISTERED NUMBER: SC581898)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024


1. STATUTORY INFORMATION

Zavfit Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

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.

The financial statements have been prepared on a break up basis as it is the directors intention to dissolve the company.

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

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.

Trade marks are being amortised evenly over the useful economic life of 10 years.

Computer software is now in use and is being amortised over it's useful economic life of 5 years and 10 years.

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 - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ZAVFIT LIMITED (REGISTERED NUMBER: SC581898)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Trade Computer
Marks software Totals
£    £    £   
COST
At 1 January 2024 8,338 318,030 326,368
Additions 500 150,235 150,735
At 31 December 2024 8,838 468,265 477,103
AMORTISATION
At 1 January 2024 3,388 33,215 36,603
Amortisation for year 884 46,991 47,875
At 31 December 2024 4,272 80,206 84,478
NET BOOK VALUE
At 31 December 2024 4,566 388,059 392,625
At 31 December 2023 4,950 284,815 289,765

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 16,103
Additions 5,030
Disposals (282 )
At 31 December 2024 20,851
DEPRECIATION
At 1 January 2024 9,732
Charge for year 4,452
Eliminated on disposal (182 )
At 31 December 2024 14,002
NET BOOK VALUE
At 31 December 2024 6,849
At 31 December 2023 6,371

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,951 217,219

ZAVFIT LIMITED (REGISTERED NUMBER: SC581898)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 311 12,233
Taxation and social security - 9,208
Other creditors 9,685 6,640
9,996 28,081