Registered number
05323894
Z-Power Limited
Unaudited Filleted Accounts
28 February 2025
Z-Power Limited
Registered number: 05323894
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 - 13,500
Tangible assets 4 938 7,375
938 20,875
Current assets
Stocks 72,000 69,000
Debtors 5 6,834 6,749
Cash at bank and in hand 99,188 95,761
178,022 171,510
Creditors: amounts falling due within one year 6 (128,185) (121,170)
Net current assets 49,837 50,340
Net assets 50,775 71,215
Capital and reserves
Called up share capital 1,100 1,100
Profit and loss account 49,675 70,115
Shareholders' funds 50,775 71,215
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Alford
Director
Approved by the board on 31 May 2025
Z-Power Limited
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Motor vehicles over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 7 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2024 270,000
At 28 February 2025 270,000
Amortisation
At 1 March 2024 256,500
Provided during the year 13,500
At 28 February 2025 270,000
Net book value
At 28 February 2025 -
At 29 February 2024 13,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 March 2024 3,171 58,000 61,171
Disposals (2,123) - (2,123)
At 28 February 2025 1,048 58,000 59,048
Depreciation
At 1 March 2024 3,171 50,625 53,796
Charge for the year - 6,437 6,437
On disposals (2,123) - (2,123)
At 28 February 2025 1,048 57,062 58,110
Net book value
At 28 February 2025 - 938 938
At 29 February 2024 - 7,375 7,375
5 Debtors 2025 2024
£ £
Trade debtors 1,616 1,148
Other debtors 5,218 5,601
6,834 6,749
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 37,280 33,367
Amounts owed to group undertakings and undertakings in which the company has a participating interest 40,116 39,376
Taxation and social security costs 27,692 25,503
Other creditors 23,097 22,924
128,185 121,170
7 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 43,000 59,167
8 Controlling party
The companies parent company is Z Power Holdings Limited. Its registered office is:
2 Old Cott Close
Boothstown
Worsley
Manchester
M28 1UN
9 Other information
Z-Power Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Old Cott Close
Boothstown
Worsley
Manchester
M28 1UN
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