Zest Financial Consultants Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04079825

Zest Financial Consultants Limited

Filleted Unaudited Financial Statements

31 March 2025

Zest Financial Consultants Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	447,998	511,998
Tangible assets	6	3,886	7,322
		---------	---------
		451,884	519,320

Current assets

Debtors	7	24,769	–
Cash at bank and in hand		69,669	62,687
		--------	--------
		94,438	62,687

Creditors: amounts falling due within one year	8	228,903		308,030
		---------		---------
Net current liabilities			134,465	245,343
			---------	---------
Total assets less current liabilities			317,419	273,977

Creditors: amounts falling due after more than one year	9	227,231	255,798
		---------	---------
Net assets		90,188	18,179
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	90,088	18,079
	--------	--------
Shareholders funds	90,188	18,179
	--------	--------

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 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

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

Zest Financial Consultants Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 September 2025 , and are signed on behalf of the board by:

Mr J Riley
Director

Company registration number: 04079825

Zest Financial Consultants Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 608 Kingston Road, Raynes Park, London, SW20 8DN.

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

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	useful economic life of 10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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.

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:

Computer equipment	-	33% straight line
Office equipment	-	25% reducing balance

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	639,998
	---------
Amortisation
At 1 April 2024	128,000
Charge for the year	64,000
	---------
At 31 March 2025	192,000
	---------
Carrying amount
At 31 March 2025	447,998
	---------
At 31 March 2024	511,998
	---------

6. Tangible assets

	Computer equipment	Office equipment	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	7,019	5,213	12,232
	-------	-------	--------
Depreciation
At 1 April 2024	4,079	831	4,910
Charge for the year	2,340	1,096	3,436
	-------	-------	--------
At 31 March 2025	6,419	1,927	8,346
	-------	-------	--------
Carrying amount
At 31 March 2025	600	3,286	3,886
	-------	-------	--------
At 31 March 2024	2,940	4,382	7,322
	-------	-------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	23,962	–
Other debtors	807	–
	--------	----
	24,769	–
	--------	----

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	28,232	25,425
Corporation tax	63,994	33,148
Social security and other taxes	–	2,685
Other creditors	136,677	246,772
	---------	---------
	228,903	308,030
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	227,231	255,798
	---------	---------

The debenture is secured by a fixed and floating charge in relation to securing all monies due or becoming in favour of Barclays Security Trustee Limited dated 13 April 2022.

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	16,250	16,250
Later than 1 year and not later than 5 years	65,000	48,750
Later than 5 years	41,980	25,733
	---------	--------
	123,230	90,733
	---------	--------

11. Director's advances, credits and guarantees

At 31 March 2025 the company owed Mr J Riley £127,757 (2024 - £240,669). This amount is included within other creditors falling due within one year and is shown in the notes to the financial statements.