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Company Registration No. 13311831 (England and Wales)
Zenpulsar Ltd Unaudited accounts for the year ended 30 April 2024
Zenpulsar Ltd Unaudited accounts Contents
Page
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Zenpulsar Ltd Company Information for the year ended 30 April 2024
Directors
Julien Artero Charles Desclos Alexander Pisemskiy
Company Number
13311831 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
Accountants
The Accountancy Cloud 1 Fore Street Avenue London EC2Y 9DT
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Zenpulsar Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,217 
1,658 
Investments
1,987 
867 
3,204 
2,525 
Current assets
Debtors
3,248 
5,578 
Cash at bank and in hand
24,147 
144,311 
27,395 
149,889 
Creditors: amounts falling due within one year
(97,513)
(16,434)
Net current (liabilities)/assets
(70,118)
133,455 
Net (liabilities)/assets
(66,914)
135,980 
Capital and reserves
Called up share capital
126 
119 
Share premium
1,110,323 
748,388 
Capital contribution reserve
21,240 
- 
Profit and loss account
(1,198,603)
(612,527)
Shareholders' funds
(66,914)
135,980 
For the year ending 30 April 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Charles Desclos Director Company Registration No. 13311831
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Zenpulsar Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Zenpulsar Ltd is a private company, limited by shares, registered in England and Wales, registration number 13311831. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The company has made losses in the year as it is currently in its start up phase. The company has the financial support of its shareholders and has obtained grant funding. As a result, the directors consider the company to have adequate resources to continue in business for at least 12 months from the date of approval of the financial statements. The directors therefore consider it appropriate to prepare the financial statements on a going concern basis.
Turnover
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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:
Computer equipment
4 Years
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments
Investments in shares are included at fair value.
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Zenpulsar Ltd Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2023
1,763 
At 30 April 2024
1,763 
Depreciation
At 1 May 2023
105 
Charge for the year
441 
At 30 April 2024
546 
Net book value
At 30 April 2024
1,217 
At 30 April 2023
1,658 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 May 2023
867 
Additions
1,120 
Valuation at 30 April 2024
1,987 
Investments includes an investment of £1,987 (2023: £867) in Zenpulsar Portugal, a subsidiary of the company.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,234 
1,418 
Accrued income and prepayments
802 
4,160 
Other debtors
212 
- 
3,248 
5,578 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
11,833 
16,433 
Other creditors
81,971 
1 
Loans from directors
150 
- 
Deferred income
3,559 
- 
97,513 
16,434 
Included in other creditors is a convertible loan of £81,971 (2023: £nil). The loan has a maturity term of 12 months and accrues interest at a rate of 5%.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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