Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-282025-05-29Digital media and talent acquisition2024-03-01false55falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13936924 2024-03-01 2025-02-28 13936924 2023-03-01 2024-02-29 13936924 2025-02-28 13936924 2024-02-29 13936924 c:Director1 2024-03-01 2025-02-28 13936924 c:Director2 2024-03-01 2025-02-28 13936924 c:Director3 2024-03-01 2025-02-28 13936924 c:Director4 2024-03-01 2025-02-28 13936924 c:Director5 2024-03-01 2025-02-28 13936924 c:RegisteredOffice 2024-03-01 2025-02-28 13936924 d:FurnitureFittings 2024-03-01 2025-02-28 13936924 d:FurnitureFittings 2025-02-28 13936924 d:FurnitureFittings 2024-02-29 13936924 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 13936924 d:ComputerEquipment 2024-03-01 2025-02-28 13936924 d:ComputerEquipment 2025-02-28 13936924 d:ComputerEquipment 2024-02-29 13936924 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 13936924 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 13936924 d:CurrentFinancialInstruments 2025-02-28 13936924 d:CurrentFinancialInstruments 2024-02-29 13936924 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 13936924 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13936924 d:ShareCapital 2025-02-28 13936924 d:ShareCapital 2024-02-29 13936924 d:RetainedEarningsAccumulatedLosses 2025-02-28 13936924 d:RetainedEarningsAccumulatedLosses 2024-02-29 13936924 c:FRS102 2024-03-01 2025-02-28 13936924 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 13936924 c:FullAccounts 2024-03-01 2025-02-28 13936924 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13936924 e:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure
Registered number: 13936924














ZERO FORMATION LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

 
ZERO FORMATION LIMITED
 
 
COMPANY INFORMATION


Directors
C Kemal 
O Egbejale 
E Gyamerah 
C Montengo 
C Shire 




Registered number
13936924



Registered office
27 Old Gloucester Street

London

WC1N 3AX




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
ZERO FORMATION LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 7


 
ZERO FORMATION LIMITED
REGISTERED NUMBER:13936924

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
13,223
16,438

Current assets
  

Debtors: amounts falling due within one year
 5 
93,319
124,684

Cash at bank and in hand
  
3,595
148,343

  
96,914
273,027

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(40,255)
(76,251)

Net current assets
  
 
 
56,659
 
 
196,776

Total assets less current liabilities
  
69,882
213,214

Provisions for liabilities
  

Deferred tax
  
(3,305)
-

Net assets
  
66,577
213,214


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
66,477
213,114

  
66,577
213,214


Page 1

 
ZERO FORMATION LIMITED
REGISTERED NUMBER:13936924
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



E Gyamerah
Director

Date: 29 May 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ZERO FORMATION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

Zero Formation Limited is a private company limited by shares incorporated in England and Wales. The registered office is 27 Old Gloucester Street, London, WC1N 3AX.
The principal activity of the company continued to be that of digital media and talent acquisition.
The Company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 3

 
ZERO FORMATION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
reducing balance
Computer equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. 

 
2.8

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
 

Page 4

 
ZERO FORMATION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)


2.8
Financial instruments (continued)

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2024 - 5).

Page 5

 
ZERO FORMATION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

4.


Tangible fixed assets







Fixtures and fittings
Computer equipment
Total

£
£
£



Cost


At 1 March 2024
13,315
7,530
20,845


Additions
-
429
429



At 28 February 2025

13,315
7,959
21,274



Depreciation


At 1 March 2024
2,663
1,744
4,407


Charge for the year on owned assets
2,130
1,514
3,644



At 28 February 2025

4,793
3,258
8,051



Net book value



At 28 February 2025
8,522
4,701
13,223



At 29 February 2024
10,652
5,786
16,438


5.


Debtors

28 February
29 February
2025
2024
£
£


Trade debtors
840
10,986

Other debtors
45,341
15,086

Prepayments and accrued income
47,138
98,612

93,319
124,684


Page 6

 
ZERO FORMATION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

6.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Corporation tax
-
65,299

Other taxation and social security
20,437
6,926

Other creditors
19,818
1,526

Accruals and deferred income
-
2,500

40,255
76,251



7.


Related party transactions

Included within other creditors is an amount of £1,228 (2024 - £419) owed to the directors. This amount is interest free and repayable on demand.

 
Page 7