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REGISTERED NUMBER: 14330821 (England and Wales)













ZYMR SYSTEMS UK LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST SEPTEMBER 2022 TO 30TH SEPTEMBER 2023






ZYMR SYSTEMS UK LIMITED (REGISTERED NUMBER: 14330821)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST SEPTEMBER 2022 TO 30TH SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ZYMR SYSTEMS UK LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST SEPTEMBER 2022 TO 30TH SEPTEMBER 2023







DIRECTORS: Mr J A Kumbhani
Mr H M Kumbhani
Mr A K I Desai





REGISTERED OFFICE: Second floor
34 Lime Street
London
EC3M 7AT





REGISTERED NUMBER: 14330821 (England and Wales)





AUDITORS: Sinclairs Bartrum Lerner
Statutory Auditor
Second Floor
34 Lime Street
London
EC3M 7AT

ZYMR SYSTEMS UK LIMITED (REGISTERED NUMBER: 14330821)

BALANCE SHEET
30TH SEPTEMBER 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,266

CURRENT ASSETS
Cash at bank 5,565

CREDITORS
Amounts falling due within one year 5 14,464
NET CURRENT LIABILITIES (8,899 )
TOTAL ASSETS LESS CURRENT LIABILITIES (7,633 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (7,733 )
(7,633 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th March 2024 and were signed on its behalf by:





Mr A K I Desai - Director


ZYMR SYSTEMS UK LIMITED (REGISTERED NUMBER: 14330821)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST SEPTEMBER 2022 TO 30TH SEPTEMBER 2023


1. STATUTORY INFORMATION

Zymr Systems UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

These financial statements have been prepared on the going concern basis. The company is reliant upon the continuing financial support of its parent company, Zymr Inc. If this support was to be withdrawn, the company would be unable to continue in operational existence. Adjustments would then have to be made to reduce the balance sheet values of assets to their recoverable amounts and to provide for further liabilities which may arise. The company is unable to quantify the effects of such adjustments on the financial statements. The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% straight line on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


ZYMR SYSTEMS UK LIMITED (REGISTERED NUMBER: 14330821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST SEPTEMBER 2022 TO 30TH SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
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 period 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.

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 period was 1 .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,583
At 30th September 2023 1,583
DEPRECIATION
Charge for period 317
At 30th September 2023 317
NET BOOK VALUE
At 30th September 2023 1,266

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 5,464
Other creditors 9,000
14,464

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Davies (Senior Statutory Auditor)
for and on behalf of Sinclairs Bartrum Lerner

ZYMR SYSTEMS UK LIMITED (REGISTERED NUMBER: 14330821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST SEPTEMBER 2022 TO 30TH SEPTEMBER 2023


7. RELATED PARTY DISCLOSURES

Zymr Systems UK Limited is a 100% subsidiary of Zymr Inc.

During the period the following transactions took place between the 2 companies

Sales:- £148,020.
Balance owed to Zymr Inc at the Balance Sheet date:- £5,464.

8. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors of Zymr Inc, it's parent compamy.