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Zingg Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07455706
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,466 3,111
3,466 3,111
CURRENT ASSETS
Debtors 5 633 62,742
Cash at bank and in hand 89,429 16,482
90,062 79,224
Creditors: Amounts Falling Due Within One Year 6 (46,481 ) (61,353 )
NET CURRENT ASSETS (LIABILITIES) 43,581 17,871
TOTAL ASSETS LESS CURRENT LIABILITIES 47,047 20,982
PROVISIONS FOR LIABILITIES
Deferred Taxation (658 ) (591 )
NET ASSETS 46,389 20,391
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 46,388 20,390
SHAREHOLDERS' FUNDS 46,389 20,391
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms J Woodcock
Director
31 July 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Zingg Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07455706 . The registered office is Gowran House 56 Broad Street, Chipping Sodbury, Bristol, South Glos, BS37 6AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on Reducing Balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 8,820
Additions 2,019
Disposals (832 )
As at 31 March 2025 10,007
Depreciation
As at 1 April 2024 5,709
Provided during the period 1,383
Disposals (551 )
As at 31 March 2025 6,541
Net Book Value
As at 31 March 2025 3,466
As at 1 April 2024 3,111
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 633 27,644
Director's loan account - 35,098
633 62,742
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3 -
Corporation tax 8,006 1,436
Other taxes and social security 80 106
VAT 8,197 12,091
Other creditors 2,243 3,370
Accruals and deferred income 24,662 44,350
Director's loan account 3,290 -
46,481 61,353
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7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Later than one year and not later than five years 5,302 5,325
5,302 5,325
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Ms Janine Woodcock 35,098 - 35,098 - -
The above loan is unsecured, interest free and was repaid within 9 months of the balance sheet date, last year.
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