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Registered number: 07588816
Zelmax Limited
Financial Statements
For The Year Ended 30 April 2025
DJ Coulter & Associates Limited
Chartered Certified Accountants
Wellesley House
7 Clarence Parade
Cheltenham
GL50 3NY
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Zelmax Limited for the year ended 30 April 2025
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Zelmax Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Zelmax Limited , as a body, in accordance with the terms of our engagement letter dated 23 January 2017. Our work has been undertaken solely to prepare for your approval the accounts of Zelmax Limited and state those matters that we have agreed to state to the directors of Zelmax Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zelmax Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Zelmax Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Zelmax Limited . You consider that Zelmax Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Zelmax Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
22nd May 2025
DJ Coulter & Associates Limited
Chartered Certified Accountants
Wellesley House
7 Clarence Parade
Cheltenham
GL50 3NY
Page 1
Page 2
Balance Sheet
Registered number: 07588816
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 922,456 922,770
922,456 922,770
CURRENT ASSETS
Debtors 5 9,196 8,924
Cash at bank and in hand 5,123 11,462
14,319 20,386
Creditors: Amounts Falling Due Within One Year 6 (554,513 ) (613,569 )
NET CURRENT ASSETS (LIABILITIES) (540,194 ) (593,183 )
TOTAL ASSETS LESS CURRENT LIABILITIES 382,262 329,587
NET ASSETS 382,262 329,587
CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 44,049 44,049
Profit and Loss Account 338,113 285,438
SHAREHOLDERS' FUNDS 382,262 329,587
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For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Profit and Loss Account.
On behalf of the board
Mrs Colleen Steidl
Director
22nd May 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Zelmax Limited Registered number 07588816 is a limited by shares company incorporated in England & Wales. The Registered Office is 214/216 High Street High Street, Cheltenham, GL50 3HF.
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 stated at cost less depreciation. 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:
Freehold 0%
Leasehold 0%
Computer Equipment 25% reducing balance
2.4. Investment Properties
Investment properties should not be subject to periodic charges for depreciation on the basis set out in SSAP 12, except for properties held on lease which should be depreciated on the basis set out in SSAP 12 at least over the period when the unexpired term is 20 years or less.
Investment properties should be included in the balance sheet at their open market value.
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Leasehold Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2024 550,000 372,030 1,534 923,564
Disposals - - (544 ) (544 )
As at 30 April 2025 550,000 372,030 990 923,020
Depreciation
As at 1 May 2024 - - 794 794
Provided during the period - - 142 142
Disposals - - (372 ) (372 )
As at 30 April 2025 - - 564 564
Net Book Value
As at 30 April 2025 550,000 372,030 426 922,456
As at 1 May 2024 550,000 372,030 740 922,770
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The freehold property was revalued at £550,000 by the directors. In the opinion of the directors the value of the freehold investment property should be restated at market vlaue and appropriate provision has been transferred to the investment revaluation reserve.
The Companies Act 1985 requires fixed assets to be depreciated over thier estimated useful lives. However no depreciation has been providedon the properties as the directors consider it is inconsistent with the accounting treatment as required by Statement of Standard Accoutning Policy no.19 " Accounting for Investment Properties" and that non-provision will give a true and fair view of the company's affairs.
In accordance with Financial Reporting Standard 19: Deferred Taxation, no provision has been made in respect of the revaluation element of the freehold property. If the freehold properties were to be sold at the stated valuation using an expected taxation rate of 19%, a corporation tax liability of £8,370 would arise.
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 7,675 7,675
Prepayments and accrued income 1,521 1,249
9,196 8,924
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (1 ) (1 )
Corporation tax 14,003 9,102
Other taxes and social security 267 28
VAT 4,656 4,976
Net wages 35 -
Other creditors - 35
Accruals and deferred income 7,774 7,722
Directors' loan accounts 527,779 591,707
554,513 613,569
7. Share Capital
2025 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
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8. Reserves
Revaluation Reserve
£
As at 1 May 2024 44,049
As at 30 April 2025 44,049
9. Related Party Transactions
Paparrito's LimitedA company of which the directors and shareholders Ernesto Steidl and Colleen Steidl are also director and shareholder.

Paparrito's Limited

A company of which the directors and shareholders Ernesto Steidl and Colleen Steidl are also director and shareholder.

During the year the company invoiced Paparrito's Limited £68,677 (2024: £65,638). As at the year end Paparrito's Limited owed the company £6,000 (2024: £6,116). All transactions were conducted on a commercial arms length basis.
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