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REGISTERED NUMBER: 07953229 (England and Wales)








Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Zeal Events Limited

Zeal Events Limited (Registered number: 07953229)

Contents of the Financial Statements
for the Year Ended 28 February 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Zeal Events Limited

Company Information
for the Year Ended 28 February 2025







DIRECTORS: S Hough
I Wood





REGISTERED OFFICE: Unit 4, The I O Centre
Brunel Road
Basingstoke
Hampshire
RG21 6TZ





REGISTERED NUMBER: 07953229 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Zeal Events Limited (Registered number: 07953229)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,151,815 1,350,905

CURRENT ASSETS
Debtors 5 376,999 217,125
Cash at bank 150,504 16,433
527,503 233,558
CREDITORS
Amounts falling due within one year 6 610,585 558,131
NET CURRENT LIABILITIES (83,082 ) (324,573 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,068,733

1,026,332

CREDITORS
Amounts falling due after more than one
year

7

(340,947

)

(251,428

)

PROVISIONS FOR LIABILITIES 10 - (225,496 )
NET ASSETS 727,786 549,408

CAPITAL AND RESERVES
Called up share capital 11 360 360
Retained earnings 727,426 549,048
SHAREHOLDERS' FUNDS 727,786 549,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

Zeal Events Limited (Registered number: 07953229)

Balance Sheet - continued
28 February 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by:





S Hough - Director


Zeal Events Limited (Registered number: 07953229)

Notes to the Financial Statements
for the Year Ended 28 February 2025


1. STATUTORY INFORMATION

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

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 - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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, adjusted for indexation where applicable.

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.

Zeal Events Limited (Registered number: 07953229)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2024 2,465,561 34,327 96,617 2,596,505
Additions 358,124 - 23,229 381,353
Disposals (626,115 ) (1,609 ) (2,717 ) (630,441 )
At 28 February 2025 2,197,570 32,718 117,129 2,347,417
DEPRECIATION
At 1 March 2024 1,164,087 22,936 58,577 1,245,600
Charge for year 246,865 5,607 21,365 273,837
Eliminated on disposal (321,536 ) (1,609 ) (690 ) (323,835 )
At 28 February 2025 1,089,416 26,934 79,252 1,195,602
NET BOOK VALUE
At 28 February 2025 1,108,154 5,784 37,877 1,151,815
At 29 February 2024 1,301,474 11,391 38,040 1,350,905

The net book value of tangible fixed assets includes £486,112 (2024: £421,309) in respect of assets held under finance leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £96,303 (2024: £156,898) for the year.

Zeal Events Limited (Registered number: 07953229)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 359,523 196,782
Other debtors 17,476 20,343
376,999 217,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Bank loans and overdrafts 126,666 50,000
Hire purchase contracts (see note 8) 202,232 144,334
Trade creditors 220,708 273,889
Taxation and social security 33,724 79,824
Other creditors 27,255 10,084
610,585 558,131

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.25 29.2.24
£    £   
Bank loans 99,723 66,667
Hire purchase contracts (see note 8) 241,224 184,761
340,947 251,428

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
28.2.25 29.2.24
£    £   
Net obligations repayable:
Within one year 202,232 144,334
Between one and five years 241,224 184,761
443,456 329,095

Non-cancellable operating leases
28.2.25 29.2.24
£    £   
Within one year 43,885 42,214
Between one and five years 38,000 64,750
81,885 106,964

Zeal Events Limited (Registered number: 07953229)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


9. SECURED DEBTS

The following secured debts are included within creditors:

28.2.25 29.2.24
£    £   
Bank loans 226,389 116,667

The bank loan is secured via a fixed and floating charge over the company's assets.

10. PROVISIONS FOR LIABILITIES
28.2.25 29.2.24
£    £   
Deferred tax - 225,496

Deferred
tax
£   
Balance at 1 March 2024 225,496
Provided during year (225,496 )
Accelerated capital allowances
Balance at 28 February 2025 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.25 29.2.24
value: £    £   
300 Ordinary A £1 300 300
60 Ordinary B £1 60 60
360 360