COMPANY REGISTRATION NUMBER:
12301093
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Zephyr Associates Limited |
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Unaudited Abridged Financial Statements |
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Zephyr Associates Limited |
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Abridged Financial Statements |
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Year ended 30 November 2025
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Chartered accountant's report to the director on the preparation of the unaudited statutory abridged financial statements |
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Abridged statement of income and retained earnings |
3 |
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Abridged statement of financial position |
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Notes to the abridged financial statements |
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Zephyr Associates Limited |
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Year ended 30 November 2025
The director presents his report and the unaudited abridged financial statements of the company for the year ended
30 November 2025
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Directors
The directors who served the company during the year were as follows:
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Mr C N Donnelly |
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Mr D Lafayeedney |
(Resigned
1 February 2025) |
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Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
11 June 2026
and signed on behalf of the board by:
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Registered office: |
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Union House |
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111 New Union Street |
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Coventry |
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West Midlands |
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England |
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CV1 2NT |
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Zephyr Associates Limited |
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Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of
Zephyr Associates Limited |
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Year ended 30 November 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Zephyr Associates Limited for the year ended 30 November 2025, which comprise the abridged statement of income and retained earnings, abridged 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 director of Zephyr Associates Limited. Our work has been undertaken solely to prepare for your approval the abridged financial statements of Zephyr Associates Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zephyr Associates Limited and its director for our work or for this report.
It is your duty to ensure that Zephyr Associates Limited has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Zephyr Associates Limited. You consider that Zephyr Associates Limited 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 abridged financial statements of Zephyr Associates Limited. 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 abridged financial statements.
LAMONT PRIDMORE (SOUTH CUMBRIA) LTD
Chartered accountants
136 Highgate
Kendal
Cumbria
LA9 4HW
11 June 2026
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Zephyr Associates Limited |
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Abridged Statement of Income and Retained Earnings |
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Year ended 30 November 2025
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2025 |
2024 |
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Note |
£ |
£ |
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Gross profit |
4,043 |
3,011 |
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Administrative expenses |
6,459 |
8,636 |
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------- |
------- |
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Operating loss |
(
2,416) |
(
5,625) |
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------- |
------- |
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Loss before taxation |
(
2,416) |
(
5,625) |
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Tax on loss |
(
960) |
(
817) |
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------- |
------- |
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Loss for the financial year and total comprehensive income |
(
1,456) |
(
4,808) |
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------- |
------- |
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Retained earnings at the start of the year |
7,879
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12,686 |
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------- |
-------- |
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Retained earnings at the end of the year |
6,423 |
7,878 |
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------- |
-------- |
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All the activities of the company are from continuing operations.
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Zephyr Associates Limited |
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Abridged Statement of Financial Position |
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30 November 2025
Fixed assets
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Tangible assets |
4 |
4,073 |
7,972 |
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Current assets
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Debtors |
22,402 |
13,246 |
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Cash at bank and in hand |
6,529 |
6,193 |
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-------- |
-------- |
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28,931 |
19,439 |
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Creditors: amounts falling due within one year |
25,926 |
17,918 |
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-------- |
-------- |
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Net current assets |
3,005 |
1,521 |
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------- |
------- |
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Total assets less current liabilities |
7,078 |
9,493 |
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Provisions |
555 |
1,515 |
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------- |
------- |
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Net assets |
6,523 |
7,978 |
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------- |
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Capital and reserves
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Called up share capital |
100 |
100 |
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Profit and loss account |
6,423 |
7,878
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------- |
------- |
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Shareholders funds |
6,523 |
7,978 |
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------- |
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These abridged financial statements have been prepared 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'.
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 November 2025 in accordance with Section 444(2A) of the Companies Act 2006.
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Zephyr Associates Limited |
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Abridged Statement of Financial Position (continued) |
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30 November 2025
These abridged financial statements were approved by the
board of directors
and authorised for issue on
11 June 2026
, and are signed on behalf of the board by:
Company registration number:
12301093
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Zephyr Associates Limited |
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Notes to the Abridged Financial Statements |
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Year ended 30 November 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 Union House, 111 New Union Street, Coventry, West Midlands, CV1 2NT, England.
2.
Statement of compliance
These abridged 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 and 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 orservices rendered, stated net 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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
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:
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Plant and machinery |
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25% straight line |
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Equipment |
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25% straight line |
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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
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.
4.
Tangible assets
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£ |
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Cost |
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At 1 December 2024 and 30 November 2025 |
17,214 |
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Depreciation |
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At 1 December 2024 |
9,242 |
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Charge for the year |
3,899 |
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At 30 November 2025 |
13,141 |
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Carrying amount |
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At 30 November 2025 |
4,073 |
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At 30 November 2024 |
7,972 |
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