28 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 8,006 8,006 8,006 xbrli:pure xbrli:shares iso4217:GBP 02948903 2024-01-01 2024-12-31 02948903 2024-12-31 02948903 2023-12-31 02948903 2023-01-01 2023-12-31 02948903 2023-12-31 02948903 2022-12-31 02948903 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 02948903 bus:Director2 2024-01-01 2024-12-31 02948903 bus:Director3 2024-01-01 2024-12-31 02948903 core:LandBuildings 2023-12-31 02948903 core:PlantMachinery 2023-12-31 02948903 core:MotorVehicles 2023-12-31 02948903 core:LandBuildings 2024-12-31 02948903 core:PlantMachinery 2024-12-31 02948903 core:MotorVehicles 2024-12-31 02948903 core:LandBuildings 2024-01-01 2024-12-31 02948903 core:PlantMachinery 2024-01-01 2024-12-31 02948903 core:MotorVehicles 2024-01-01 2024-12-31 02948903 core:WithinOneYear 2024-12-31 02948903 core:WithinOneYear 2023-12-31 02948903 core:UKTax 2024-01-01 2024-12-31 02948903 core:UKTax 2023-01-01 2023-12-31 02948903 core:ShareCapital 2024-12-31 02948903 core:ShareCapital 2023-12-31 02948903 core:RetainedEarningsAccumulatedLosses 2024-12-31 02948903 core:RetainedEarningsAccumulatedLosses 2023-12-31 02948903 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 02948903 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-12-31 02948903 core:Non-currentFinancialInstruments 2023-12-31 02948903 core:LandBuildings 2023-12-31 02948903 core:PlantMachinery 2023-12-31 02948903 core:MotorVehicles 2023-12-31 02948903 bus:Director2 2023-12-31 02948903 bus:Director2 2024-12-31 02948903 bus:Director3 2023-12-31 02948903 bus:Director3 2024-12-31 02948903 bus:Director2 2022-12-31 02948903 bus:Director2 2023-12-31 02948903 bus:Director3 2022-12-31 02948903 bus:Director3 2023-12-31 02948903 bus:Director2 2023-01-01 2023-12-31 02948903 bus:Director3 2023-01-01 2023-12-31 02948903 bus:Director1 2024-01-01 2024-12-31 02948903 bus:SmallEntities 2024-01-01 2024-12-31 02948903 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02948903 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02948903 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02948903 bus:FullAccounts 2024-01-01 2024-12-31 02948903 bus:OrdinaryShareClass1 2024-12-31 02948903 bus:OrdinaryShareClass1 2023-12-31 02948903 core:LandBuildings core:LongLeaseholdAssets 2024-01-01 2024-12-31 02948903 core:ToolsEquipment 2023-12-31 02948903 core:ToolsEquipment 2024-01-01 2024-12-31 02948903 core:ToolsEquipment 2024-12-31
COMPANY REGISTRATION NUMBER: 02948903
Zircom Data Communications Ltd
Filleted Unaudited Financial Statements
31 December 2024
Zircom Data Communications Ltd
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
156,078
187,752
Investments
7
8,006
---------
---------
156,078
195,758
Current assets
Stock & Work-in-progress
135,959
218,791
Debtors
8
1,033,342
1,012,883
Cash at bank and in hand
2,941,845
1,909,210
------------
------------
4,111,146
3,140,884
Prepayments and accrued income
63,647
69,926
Creditors: amounts falling due within one year
9
1,155,179
815,262
------------
------------
Net current assets
3,019,614
2,395,548
------------
------------
Total assets less current liabilities
3,175,692
2,591,306
Provisions
Taxation including deferred tax
35,744
43,207
Accruals and deferred income
156,060
4,290
------------
------------
Net assets
2,983,888
2,543,809
------------
------------
Capital and reserves
Called up share capital
10
14,004
14,004
Profit and loss account
2,969,884
2,529,805
------------
------------
Shareholders funds
2,983,888
2,543,809
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Zircom Data Communications Ltd
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 10 June 2025 , and are signed on behalf of the board by:
G M Granville
Director
Company registration number: 02948903
Zircom Data Communications Ltd
Notes to the Financial Statements
Year ended 31st December 2024
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Units 1 & 2 The Croft, Buntsfordgate Business Park, Bromsgrove, Worcestershire, B60 4JE, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax, in respect of data communication services.
Exceptional items
Exceptional items are disclosed separately in the financial statements in order to provide further understanding of the financial performance of the entity. They are material items of income or expense that have been shown separately because of their nature or amount.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Improvements
-
10% Straight line.
Office Equipment
-
15% Reducing balance.
Motor vehicles
-
25% Reducing balance.
Tools
-
15% Reducing balance.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks & work-in-progress
Stocks and work-in-progress are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Trade and other debtors are recognised and carried forward at invoice amounts less provisions for any doubtful debts. Bad debts are written off when identified.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 28 (2023: 28 ).
5. Tax on profit
Major components of tax expense
2024
2023
£
£
Current tax:
UK current tax expense
161,413
115,469
Adjustments in respect of prior periods
( 12,491)
( 10,557)
---------
---------
Total current tax
148,922
104,912
---------
---------
Deferred tax:
Origination and reversal of timing differences
( 7,463)
8,028
---------
---------
Tax on profit
141,459
112,940
---------
---------
Reconciliation of tax expense
The tax assessed on the profit on ordinary activities for the year is lower than (2023: higher than) the standard rate of corporation tax in the UK of 25 % (2023: 23.52 %).
2024
2023
£
£
Profit on ordinary activities before taxation
581,538
468,082
---------
---------
Profit on ordinary activities by rate of tax
145,385
110,093
Effect of expenses not deductible for tax purposes
30,944
21,754
Effect of capital allowances and depreciation
( 4,449)
( 7,328)
Effect of different UK tax rates on some earnings
(12,491)
(10,557)
Other tax adjustment to increase/(decrease) tax liability
(10,467)
(9,050)
Deferred tax
(7,463)
8,028
---------
---------
Tax on profit
141,459
112,940
---------
---------
6. Tangible assets
Leasehold Improvements
Plant and machinery
Motor vehicles
Tools
Total
£
£
£
£
£
Cost
At 1st January 2024
230,134
110,324
241,089
133,492
715,039
Additions
17,795
17,795
Disposals/impairment
( 5,586)
( 35,952)
( 41,538)
---------
---------
---------
---------
---------
At 31st December 2024
230,134
104,738
258,884
97,540
691,296
---------
---------
---------
---------
---------
Depreciation
At 1st January 2024
215,212
108,494
122,608
80,973
527,287
Charge for the year
1,822
275
31,845
7,878
41,820
Disposals/impairment
( 4,031)
( 29,858)
( 33,889)
---------
---------
---------
---------
---------
At 31st December 2024
217,034
104,738
154,453
58,993
535,218
---------
---------
---------
---------
---------
Carrying amount
At 31st December 2024
13,100
104,431
38,547
156,078
---------
---------
---------
---------
---------
At 31st December 2023
14,922
1,830
118,481
52,519
187,752
---------
---------
---------
---------
---------
7. Investments
Shares in group undertakings
£
Cost
At 1st January 2024
8,006
Disposals
( 8,006)
-------
At 31st December 2024
-------
Impairment
At 1st January 2024 and 31st December 2024
-------
Carrying amount
At 31st December 2024
-------
At 31st December 2023
8,006
-------
During the year, the company disposed of its 100% interest in a wholly owned subsidiary by transferring the shares to the directors at cost,which was considered to be market value.
8. Debtors
2024
2023
£
£
Trade debtors
971,312
950,658
EK Interactive Innovations Ltd
62,225
Other debtors
62,030
------------
------------
1,033,342
1,012,883
------------
------------
Other debtors include an amount of £62,030 (2023:£62,225) owed by a company which ceased to be a subsidiary during the year. This balance owed by this company is unsecured, interest free and repayable on demand.
9. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
694,353
371,289
Corporation tax
161,359
115,469
Social security and other taxes
213,463
122,154
Other creditors
86,004
206,350
------------
---------
1,155,179
815,262
------------
---------
Other creditors include a balance of £74,711 (2023:£200,932) due to the directors of the company.
10. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
14,004
14,004
14,004
14,004
--------
--------
--------
--------
11. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
G M Granville
( 134,822)
95,481
( 39,341)
P Knight
( 66,110)
30,740
( 35,370)
---------
---------
--------
( 200,932)
126,221
( 74,711)
---------
---------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
G M Granville
( 94,497)
( 40,325)
( 134,822)
P Knight
( 65,786)
( 324)
( 66,110)
---------
--------
---------
( 160,283)
( 40,649)
( 200,932)
---------
--------
---------