Company Registration No. 10606002 (England and Wales)
Zelwits Limited
Unaudited accounts
for the year ended 28 February 2025
Zelwits Limited
Unaudited accounts
Contents
Zelwits Limited
Company Information
for the year ended 28 February 2025
Company Number
10606002 (England and Wales)
Registered Office
Kemp House
160 City Road
London
EC1V 2NX
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
Zelwits Limited
Statement of financial position
as at 28 February 2025
Tangible assets
3,904
4,880
Cash at bank and in hand
388
72
Creditors: amounts falling due within one year
(12,959)
(11,664)
Net current liabilities
(12,571)
(11,358)
Total assets less current liabilities
(8,613)
(6,397)
Creditors: amounts falling due after more than one year
(2,103)
(4,067)
Net liabilities
(10,716)
(10,464)
Called up share capital
100
100
Profit and loss account
(10,816)
(10,564)
Shareholders' funds
(10,716)
(10,464)
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 November 2025 and were signed on its behalf by
Raluca Donea
Director
Company Registration No. 10606002
Zelwits Limited
Notes to the Accounts
for the year ended 28 February 2025
Zelwits Limited is a private company, limited by shares, registered in England and Wales, registration number 10606002. The registered office is Kemp House, 160 City Road, London, EC1V 2NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated 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:
Patents, trademarks and licences - Straight line over the useful economic life of 10 years
The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due. The director expects an upturn in future trade that would improve the company's profitability. He has also expressed a willingness to support the company.
Zelwits Limited
Notes to the Accounts
for the year ended 28 February 2025
4
Intangible fixed assets
Other
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2024
4,070
11,499
15,569
At 28 February 2025
4,070
11,499
15,569
At 1 March 2024
2,736
7,953
10,689
Charge for the year
267
709
976
At 28 February 2025
3,003
8,662
11,665
At 28 February 2025
1,067
2,837
3,904
At 29 February 2024
1,334
3,546
4,880
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,400
2,400
Loans from directors
9,205
8,314
Zelwits Limited
Notes to the Accounts
for the year ended 28 February 2025
8
Creditors: amounts falling due after more than one year
2025
2024
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).