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Registration number: 09182665

Okinawa Zest Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 October 2024

 

Okinawa Zest Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Okinawa Zest Limited

Company Information

Director

Mr N M A May

Registered office

Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Okinawa Zest Limited

(Registration number: 09182665)
Abridged Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

3

202

3,202

Tangible assets

4

1,006

275

 

1,208

3,477

Current assets

 

Debtors

98

98

Cash at bank and in hand

 

1,055

1,089

 

1,153

1,187

Creditors: Amounts falling due within one year

(26,095)

(20,556)

Net current liabilities

 

(24,942)

(19,369)

Net liabilities

 

(23,734)

(15,892)

Capital and reserves

 

Called up share capital

129

129

Share premium reserve

74,107

74,107

Retained earnings

(97,970)

(90,128)

Shareholders' deficit

 

(23,734)

(15,892)

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 12 June 2025
 

 

Okinawa Zest Limited

(Registration number: 09182665)
Abridged Balance Sheet as at 31 October 2024

.........................................
Mr N M A May
Director

   
     
 

Okinawa Zest Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Straight line basis

 

Okinawa Zest Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Intellectual property

10% on cost

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

3

Intangible assets

Total
£

Cost or valuation

At 1 November 2023

32,425

At 31 October 2024

32,425

Amortisation

At 1 November 2023

29,223

Amortisation charge

3,000

At 31 October 2024

32,223

Carrying amount

At 31 October 2024

202

At 31 October 2023

3,202

 

Okinawa Zest Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 November 2023

1,321

1,321

Additions

1,342

1,342

Disposals

(1,321)

(1,321)

At 31 October 2024

1,342

1,342

Depreciation

At 1 November 2023

1,046

1,046

Charge for the year

611

611

Eliminated on disposal

(1,321)

(1,321)

At 31 October 2024

336

336

Carrying amount

At 31 October 2024

1,006

1,006

At 31 October 2023

275

275

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £0.01 each

12,897

129

12,897

129