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COMPANY REGISTRATION NUMBER: 06796194

Zip Contracts Ltd

Filleted Unaudited Financial Statements

31 March 2025

Zip Contracts Ltd

Financial Statements

Year ended 31 March 2025

Contents | Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2 to 3

Notes to the financial statements | 4 to 7

Zip Contracts Ltd

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Zip Contracts Ltd

Year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Zip Contracts Ltd for the year ended 31 March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Zip Contracts Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Zip Contracts Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zip Contracts Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Zip Contracts Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Zip Contracts Ltd. You consider that Zip Contracts Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Zip Contracts Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HEBBLETHWAITES Chartered Accountants
2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ
17 October 2025

Zip Contracts Ltd

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 5 | 445,124 | 456,760

Current assets

Stocks | 1,200 | 3,600
Debtors | 6 | 3,425 | 34,241
Cash at bank and in hand | 447,149 | 438,373
| --------- | ---------
| 451,774 | 476,214

Creditors: amounts falling due within one year | 7 | 30,491 | 26,264
| --------- | ---------
Net current assets | 421,283 | 449,950
| --------- | ---------
Total assets less current liabilities | 866,407 | 906,710

Provisions

Taxation including deferred tax | 41,870 | 44,081
| --------- | ---------
Net assets | 824,537 | 862,629
| --------- | ---------

Zip Contracts Ltd

Statement of Financial Position (continued)

31 March 2025

| 2025 | 2024
Note | £ | £

Capital and reserves

Called up share capital | 10 | 10
Revaluation reserve | 141,952 | 141,952
Profit and loss account | 682,575 | 720,667
| --------- | ---------
Shareholders funds | 824,537 | 862,629
| --------- | ---------

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 comprehensive income 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.
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 .
These financial statements were approved by the board of directors and authorised for issue on 16 October 2025 , and are signed on behalf of the board by:

Mr P A Hogan | Mrs N Y Hogan
Director | Director

Company registration number: 06796194

Zip Contracts Ltd

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 The Limes, Little Top Lane, Lound, Retford, Nottinghamshire, DN22 8RH.
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
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
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:

| Plant and machinery | - | 20% reducing balance
| Motor vehicles | - | 20% reducing balance
| Office equipment | - | 20% reducing balance

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. The change in fair value is subject to deferred tax, with the net fair value change transferred to the revaluation reserve.
Stocks
Stocks 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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 3 ).
5. Tangible assets

| Investment property | Plant and machinery | Motor vehicles | Equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 April 2024 | 400,000 | 2,478 | 69,895 | 6,210 | 478,583
Additions | – | – | – | 1,584 | 1,584
Disposals | – | – | – | ( 4,539) | ( 4,539)
| --------- | ------- | -------- | ------- | ---------
At 31 March 2025 | 400,000 | 2,478 | 69,895 | 3,255 | 475,628
| --------- | ------- | -------- | ------- | ---------
Depreciation |  |  |  |  |
At 1 April 2024 | – | 1,771 | 17,349 | 2,703 | 21,823
Charge for the year | – | 141 | 10,509 | 400 | 11,050
Disposals | – | – | – | ( 2,369) | ( 2,369)
| --------- | ------- | -------- | ------- | ---------
At 31 March 2025 | – | 1,912 | 27,858 | 734 | 30,504
| --------- | ------- | -------- | ------- | ---------
Carrying amount |  |  |  |  |
At 31 March 2025 | 400,000 | 566 | 42,037 | 2,521 | 445,124
| --------- | ------- | -------- | ------- | ---------
At 31 March 2024 | 400,000 | 707 | 52,546 | 3,507 | 456,760
| --------- | ------- | -------- | ------- | ---------

The investment property is held at it's fair value amount, with a fair value determined of £400,000. The historical cost of the investment property amounts to £224,751.
6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | – | 27,241
Other debtors | 3,425 | 7,000
| ------- | --------
| 3,425 | 34,241
| ------- | --------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 2,008 | 13,014
Social security and other taxes | 1,564 | 5,650
Other creditors | 26,919 | 7,600
| -------- | --------
| 30,491 | 26,264
| -------- | --------

8. Related party transactions
A loan account exists between the company and the directors. At the balance sheet date, the amount owed to the directors in this regard, amounted to £21,748 (2024: £2,230). There are no formal repayment terms relating to this loan and interest is not being charged.