Registered number
12162793
ZEARCH LTD
Filleted Accounts
28 February 2025
ZEARCH LTD
Registered number: 12162793
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 19,374 18,086
Current assets
Debtors 4 689,925 90,994
Cash at bank and in hand 248,654 881,210
938,579 972,204
Creditors: amounts falling due within one year 5 (126,365) (150,143)
Net current assets 812,214 822,061
Total assets less current liabilities 831,588 840,147
Provisions for liabilities (4,844) (4,522)
Net assets 826,744 835,625
Capital and reserves
Called up share capital 100 101
Capital redemption reserve 1 -
Profit and loss account 826,643 835,524
Shareholders' funds 826,744 835,625
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.
Mr Thomas Mark Muston
Director
Approved by the board on 8 April 2025
ZEARCH LTD
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.
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, other than freehold land, 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 25% Reducing balance
Fixtures and fittings 25% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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.
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 6 5
3 Tangible fixed assets
Plant and machinery etc Furniture & fittings Total
£ £ £
Cost
At 1 March 2024 21,845 11,343 33,188
Additions 6,401 1,345 7,746
At 28 February 2025 28,246 12,688 40,934
Depreciation
At 1 March 2024 9,871 5,231 15,102
Charge for the year 4,594 1,864 6,458
At 28 February 2025 14,465 7,095 21,560
Net book value
At 28 February 2025 13,781 5,593 19,374
At 29 February 2024 11,974 6,112 18,086
4 Debtors 2025 2024
£ £
Trade debtors 109,425 90,994
Other debtors 580,500 -
689,925 90,994
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and credit cards 20,559 14,167
Trade creditors 12,237 27,070
Taxation and social security costs 93,569 92,006
Other creditors - 16,900
126,365 150,143
6 Other information
ZEARCH LTD is a private company limited by shares and incorporated in England. Its registered office is:
2a Addison Road
Hove
BN3 1TN
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