REGISTERED NUMBER: 01856207 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ZIGI'S LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Poter

M L Goddard

T Gleave

REGISTERED OFFICE:

Aston Lodge

Chatham Green

Little Waltham

Essex

CM3 3LE

REGISTERED NUMBER:

01856207 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

2

Intangible assets

4

940

145,093

Tangible assets

5

142,616

145,095

143,556

CURRENT ASSETS

105,000

Stocks

105,000

93,356

Debtors

6

169,224

855,599

Cash at bank and in hand

681,543

1,053,955

955,767

CREDITORS

948,374

Amounts falling due within one year

7

988,879

105,581

NET CURRENT (LIABILITIES)/ASSETS

(33,112

)

250,676

TOTAL ASSETS LESS CURRENT LIABILITIES

110,444

CREDITORS

(20,960

)

Amounts falling due after more than one year

8

(8,211

)

(13,889

)

PROVISIONS FOR LIABILITIES

(13,685

)

215,827

NET ASSETS

88,548

CAPITAL AND RESERVES

20,200

Called up share capital

20,200

195,627

Retained earnings

68,348

215,827

SHAREHOLDERS' FUNDS

88,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

N Poter - Director

1.	STATUTORY INFORMATION

Zigi's Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the value of invoiced sales and the movement between opening and closing trade debtor balances.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Stamp duty is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period. All hire purchase liabilities are secured on the assets associated.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

2,292

Additions

1,044

At 31 December 2024

3,336

AMORTISATION

At 1 January 2024

2,290

Charge for year

106

At 31 December 2024

2,396

NET BOOK VALUE

At 31 December 2024

940

At 31 December 2023

2

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

Totals

property

fittings

vehicles

equipment

£

£

£

£

£

COST

At 1 January 2024

400,687

70,926

83,256

180,598

65,907

Additions

15,735

10,000

4,556

-

1,179

At 31 December 2024

416,422

80,926

87,812

180,598

67,086

DEPRECIATION

At 1 January 2024

255,594

-

70,090

133,303

52,201

Charge for year

18,212

-

2,659

11,825

3,728

At 31 December 2024

273,806

-

72,749

145,128

55,929

NET BOOK VALUE

At 31 December 2024

142,616

80,926

15,063

35,470

11,157

At 31 December 2023

145,093

70,926

13,166

47,295

13,706

Included in the above are certain motor vehicles held under hire purchase contracts. As at 31 December 2024 the net book value of the vehicles is £7,756 (2023 - £10,342) and the related depreciation charge for the year is £2,586 (2023 - £3,447).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

42,993

50,425

Other debtors

126,231

42,931

169,224

93,356

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

9,371

9,121

Hire purchase contracts

3,245

7,114

Trade creditors

626,861

509,552

Amounts owed to associates

236,094

218,094

Taxation and social security

85,577

159,106

Other creditors

27,731

45,387

988,879

948,374

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

8,211

17,715

Hire purchase contracts

-

3,245

8,211

20,960

9.	SECURED DEBTS

Hire purchase contract liabilities are secured against the asset for which the liability arises.

The bank loan is unsecured, being a Bounce Back loan drawn down during the Covid-19 pandemic.