Zeffa Online Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07515805

Zeffa Online Limited

Filleted Unaudited Financial Statements

31 March 2025

Zeffa Online Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		854,200	870,509

Current assets

Stocks		328,631	380,860
Debtors	6	91,748	157,451
Cash at bank and in hand		8,262	45,855
		---------	---------
		428,641	584,166

Creditors: amounts falling due within one year	7	363,363		453,543
		---------		---------
Net current assets			65,278	130,623
			---------	------------
Total assets less current liabilities			919,478	1,001,132

Creditors: amounts falling due after more than one year	8		448,264	497,009

Provisions

Taxation including deferred tax	250	1,027
	---------	------------
Net assets	470,964	503,096
	---------	------------

Zeffa Online Limited

Statement of Financial Position (continued)

31 March 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		470,864	502,996
		---------	---------
Shareholder funds		470,964	503,096
		---------	---------

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.

Directors' responsibilities:

- The member has 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 4 November 2025 , and are signed on behalf of the board by:

Mr C D Nash

Director

Company registration number: 07515805

Zeffa Online 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 Building A2, Avondale Way, Pontrhydyrun, Cwmbran, Wales, NP44 1XE.

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 principal activity of the company during the year was retail sales via mail order houses and the internet. The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The figures in the financial statements are rounded to the nearest whole pound.

Going concern

The Directors consider that the company remains a going concern having regard to the financial support given by themselves and future predicted cash flow and profitability.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Exceptional items

Exceptional items are disclosed separately in the notes to the financial statements in order to provide further understanding of the financial performance of the entity. They are material items of income or expense that have been shown separately because of their nature or amount.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:

Land and Buildings	-	2% p.a straight line basis - buildings only, land not depreciated
Fixtures & Fittings	-	33% p.a. straight line basis
Motor Vehicles	-	33% p.a. straight line basis
Computer Equipment	-	33% p.a. straight line basis
Website	-	33% p.a. straight line basis

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.

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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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 10 (2024: 14 ).

5. Tangible assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Computer Equipment	Website	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2024 and 31 Mar 2025	960,000	121,614	19,030	25,177	23,863	1,149,684
	---------	---------	--------	--------	--------	------------
Depreciation
At 1 Apr 2024	93,600	118,380	19,030	24,302	23,863	279,175
Charge for the year	13,200	2,234	–	875	–	16,309
	---------	---------	--------	--------	--------	------------
At 31 Mar 2025	106,800	120,614	19,030	25,177	23,863	295,484
	---------	---------	--------	--------	--------	------------
Carrying amount
At 31 Mar 2025	853,200	1,000	–	–	–	854,200
	---------	---------	--------	--------	--------	------------
At 31 Mar 2024	866,400	3,234	–	875	–	870,509
	---------	---------	--------	--------	--------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	16,390	75,491
Other debtors	75,358	81,960
	--------	---------
	91,748	157,451
	--------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	62,067	57,704
Trade creditors	173,872	194,636
Corporation tax	9,515	22,817
Social security and other taxes	23,231	55,425
Other creditors	94,678	122,961
	---------	---------
	363,363	453,543
	---------	---------

On 21 August 2015 the company entered into a mortgage charge deposit agreement as security for monies due to Lloyds Bank Plc.

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

	2025	2024
	£	£
Bank loans and overdrafts	448,264	497,009
	---------	---------

On 21 August 2015 the company entered into a mortgage charge deposit agreement as security for monies due to Lloyds Bank Plc.

9. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. Related party transactions

The company was under the control of the Director Mr C D Nash throughout the period. Mr C D Nash is the managing director and majority shareholder. As at 31 March 2025 the company owed £70,100 (2024: £89,605) to the Director Mr C D Nash. There are no repayment terms agreed. Interest of 8% p.a. is payable on the amount. As at 31 March 2025 the company owed £10,000 (2024: £10,000) to the Shareholder Mr R Morgan. There are no repayment terms agreed and the amount is free of interest. Mr C D Nash is also the managing director of Daka Distribution Limited. As at 31 March 2025 the company was owed £520 (2024: £3,885) from Daka Distribution Limited trading as Mailshack. The amount is interest free and included within debtors. During the year the company recharged expenses incurred on behalf of Daka Distribution Limited of £39,284 (2024: £58,842) in respect of wages, professional fees, office running costs, stock and carriage. Mr C D Nash was also the director of Dragon Direct Limited. As at 31 March 2025 the company owed £10,549 (2024: (£40,804)) to Dragon Direct Limited. This amount is subject to interest at 10.9% per annum and included within creditors. During the year the company recharged expenses incurred on behalf of Dragon Direct Limited of £33,353 (2024: £39,644) in respect of wages, professional fees, office runnng costs, loan interest, stock and carriage. Mr C D Nash was also the director of Quire Collections Limited. As at 31 March 2025 the company owed £6,596 (2024: (£43,681)) to Quire Collections Limited. This amount is subject to interest at 0.95% p.a. and included within creditors. During the year the company recharged expenses incurred on behalf of Quire Collections Limited of £1,170 (2024: £2,874) in respect of wages, professional fees, office runnng costs, stock and carriage. During the year dividends of £33,511 were paid to the company shareholders (2024: £NIL).