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REGISTERED NUMBER: 09168494 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 AUGUST 2024

FOR

ZGRP LIMITED
T/A
Z GROUP

ZGRP LIMITED (REGISTERED NUMBER: 09168494)
T/A Z GROUP






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


ZGRP LIMITED
T/A Z GROUP

COMPANY INFORMATION
FOR THE YEAR ENDED 30 AUGUST 2024







DIRECTORS: Z Hussein
R J Phillips





REGISTERED OFFICE: Suite Lu.231
The Light Bulb
1 Filament Walk
Wandsworth
London
SW18 4GQ





REGISTERED NUMBER: 09168494 (England and Wales)






ZGRP LIMITED (REGISTERED NUMBER: 09168494)
T/A Z GROUP

BALANCE SHEET
30 AUGUST 2024

30.8.24 30.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 127,620 258,616
Tangible assets 5 28,211 41,987
155,831 300,603

CURRENT ASSETS
Debtors 6 1,252,459 1,157,363
Cash at bank and in hand 908,651 850,759
2,161,110 2,008,122
CREDITORS
Amounts falling due within one year 7 1,860,678 1,744,753
NET CURRENT ASSETS 300,432 263,369
TOTAL ASSETS LESS CURRENT
LIABILITIES

456,263

563,972

CREDITORS
Amounts falling due after more than one
year

8

(615,430

)

(707,845

)

PROVISIONS FOR LIABILITIES - (7,978 )
NET LIABILITIES (159,167 ) (151,851 )

CAPITAL AND RESERVES
Called up share capital 114 114
Share premium 264,981 264,981
Retained earnings (424,262 ) (416,946 )
SHAREHOLDERS' FUNDS (159,167 ) (151,851 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 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.

ZGRP LIMITED (REGISTERED NUMBER: 09168494)
T/A Z GROUP

BALANCE SHEET - continued
30 AUGUST 2024


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 21 May 2025 and were signed on its behalf by:





Z Hussein - Director


ZGRP LIMITED (REGISTERED NUMBER: 09168494)
T/A Z GROUP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024

1. STATUTORY INFORMATION

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

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.

TURNOVER AND REVENUE RECOGNITION
Turnover represents net invoiced sales of services, excluding value added tax in respect of the provision of services to clients, plus the value, recognised by reference to the stage of completion, of work undertaken in the period but not invoiced at the period end. Revenue not billed to clients is included in debtors as accrued income.

GOODWILL
Goodwill, being the amounts paid in connection with acquisition of businesses between 2014-2017, is amortised on a line by line basis. Since the year ended 30 August 2018 goodwill is amortised on a straight line method based on a reliable estimate of the useful life of 10 years.

INTANGIBLE ASSETS
Patents and licences are being amortised evenly over their estimated useful life of 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.
Furniture and equipment-10% on cost and 20% on cost
Computer equipment-20% on cost and 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.

ZGRP LIMITED (REGISTERED NUMBER: 09168494)
T/A Z GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 31 August 2023
and 30 August 2024 1,557,997 5,000 1,562,997
AMORTISATION
At 31 August 2023 1,300,881 3,500 1,304,381
Amortisation for year 130,496 500 130,996
At 30 August 2024 1,431,377 4,000 1,435,377
NET BOOK VALUE
At 30 August 2024 126,620 1,000 127,620
At 30 August 2023 257,116 1,500 258,616

ZGRP LIMITED (REGISTERED NUMBER: 09168494)
T/A Z GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2024

5. TANGIBLE FIXED ASSETS
Furniture
and Computer
equipment equipment Totals
£    £    £   
COST
At 31 August 2023 139,078 149,746 288,824
Additions 601 676 1,277
At 30 August 2024 139,679 150,422 290,101
DEPRECIATION
At 31 August 2023 108,434 138,403 246,837
Charge for year 12,317 2,736 15,053
At 30 August 2024 120,751 141,139 261,890
NET BOOK VALUE
At 30 August 2024 18,928 9,283 28,211
At 30 August 2023 30,644 11,343 41,987

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.24 30.8.23
£    £   
Trade debtors 169,548 143,476
Other debtors 183,862 179,982
Deferred tax asset 78,402 -
Accrued income 777,855 781,112
Prepayments 42,792 52,793
1,252,459 1,157,363

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.24 30.8.23
£    £   
Bank loans and overdrafts 51,478 75,261
Other loans 446,255 446,255
Trade creditors 105,114 111,032
Corporation tax 46,431 -
Social security and other taxes 134,483 81,885
VAT 118,135 148,249
Other creditors 8,717 13,164
Legal client control account 906,154 821,672
Directors' current accounts 13,512 13,505
Accrued expenses 30,399 33,730
1,860,678 1,744,753

ZGRP LIMITED (REGISTERED NUMBER: 09168494)
T/A Z GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.8.24 30.8.23
£    £   
Bank loans - 1-2 years - 37,525
Directors' loan accounts 615,430 670,320
615,430 707,845

9. RELATED PARTY DISCLOSURES

At the balance sheet date, Mr Z Hussein, a director of the company, had a current account credit balance of £13,512 (2023 - £13,505).

At the balance sheet date, Mr Z Hussein, a director of the company, had an interest free loan account balance of £615,430 (2023 - £670,320). The loan is repayable by the company after more than one year.

At the balance sheet date, Ibex Investments Ltd, a company controlled by Mr & Mrs Hussein, parents of a director of the company, had an interest free loan account balance of £446,255 (2023 - £446,255).