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Company Registration No. 11786825 (England and Wales)
Zipzero Global Limited Unaudited accounts for the year ended 31 January 2024
Zipzero Global Limited Unaudited accounts Contents
Page
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Zipzero Global Limited Company Information for the year ended 31 January 2024
Directors
Marcin Walaszczyk Mohsin Rashid
Company Number
11786825 (England and Wales)
Registered Office
125 Kingsway Aviation House London WC2B 6NH United Kingdom
Accountants
The Accountancy Cloud 1 Fore Street Avenue London EC2Y 9DT
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Zipzero Global Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
196,654 
214,479 
Tangible assets
2,302 
2,946 
Investments
1,000 
- 
199,956 
217,425 
Current assets
Debtors
39,419 
124 
Cash at bank and in hand
171,063 
268,143 
210,482 
268,267 
Creditors: amounts falling due within one year
(829,776)
(1,283,755)
Net current liabilities
(619,294)
(1,015,488)
Net liabilities
(419,338)
(798,063)
Capital and reserves
Called up share capital
16,838 
14,611 
Share premium
4,308,224 
2,566,810 
Capital contribution reserve
836,930 
- 
Profit and loss account
(5,581,330)
(3,379,484)
Shareholders' funds
(419,338)
(798,063)
For the year ending 31 January 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 30 October 2024 and were signed on its behalf by
Marcin Walaszczyk Director Company Registration No. 11786825
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Zipzero Global Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Zipzero Global Limited is a private company, limited by shares, registered in England and Wales, registration number 11786825. The registered office is 125 Kingsway, Aviation House, London, WC2B 6NH, United Kingdom.
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 directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
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 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:
Plant & machinery
25%
Computer equipment
25%
Intangible fixed assets
Intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses. Mobile application development costs are recognised as an intangible asset when all of the following criteria are demonstrated: - The technical feasibility of completing the application so that it will be available for use or sale. - The intention to complete the application and use or sell it. - The ability to use the application or to sell it. - How the application will generate probable future economic benefits. - The availability of adequate technical, financial and other resources to complete the development and to use or sell the application. - The ability to measure reliably the expenditure attributable to the application during its development. Amortisation is charged so as to allocate the cost of intangibles less their residual values over their estimated useful lives, using the straight-line method. The intangible assets are amortised over the following useful economic lives: - Mobile Application Development costs - 10 years.
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Zipzero Global Limited Notes to the Accounts for the year ended 31 January 2024
Research and development
Expenditure on research and development is written off in the year in which it is incurred. Where appropriate, the development expenditure is capitalised and amortised over its useful economic life.
Research and development tax credit
During the financial year, Zipzero Global Ltd received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
344,169 
Additions
8,682 
At 31 January 2024
352,851 
Amortisation
At 1 February 2023
129,690 
Charge for the year
26,507 
At 31 January 2024
156,197 
Net book value
At 31 January 2024
196,654 
At 31 January 2023
214,479 
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
1,196 
3,162 
4,358 
Additions
- 
442 
442 
At 31 January 2024
1,196 
3,604 
4,800 
Depreciation
At 1 February 2023
923 
489 
1,412 
Charge for the year
231 
855 
1,086 
At 31 January 2024
1,154 
1,344 
2,498 
Net book value
At 31 January 2024
42 
2,260 
2,302 
At 31 January 2023
273 
2,673 
2,946 
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Zipzero Global Limited Notes to the Accounts for the year ended 31 January 2024
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 February 2023
- 
Additions
1,000 
Valuation at 31 January 2024
1,000 
Investment made in Zipzero UK Ltd - 1000 Shares at £1 per share.
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
23,684 
- 
Trade debtors
364 
124 
Accrued income and prepayments
13,903 
- 
Other debtors
1,468 
- 
39,419 
124 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
17,840 
Trade creditors
215,126 
1,089,856 
Amounts owed to group undertakings and other participating interests
(170,400)
9,305 
Taxes and social security
104,395 
158,826 
Other creditors
688,704 
21,694 
Loans from directors
(13,049)
(13,766)
Accruals
5,000 
- 
829,776 
1,283,755 
The other creditors includes loans from below parties: MR768 Ltd - £548,000 (2023 : £0) Nitor Capital Ltd - £1,955 (2023 : £1,954) Mr Mohsin Rashid - £30,000 (2023 : £0) Mr Mike Herold - £100,000 (2023 : £0) The Loans are interest free and repayable on demand.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
8,773,893 Class A Ordinary shares of £0.001 each
8,773.89 
6,543.52 
6,964,734 Class B Ordinary shares of £0.001 each
6,964.73 
6,964.73 
1,099,080 Class C Ordinary shares of £0.001 each
1,099.08 
1,102.75 
16,837.70 
14,611.00 
Shares issued during the period:
2,230,371 Class A Ordinary shares of £0.001 each
2,230.37 
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Zipzero Global Limited Notes to the Accounts for the year ended 31 January 2024
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Marcin Walaszczyk
13,195 
- 
146 
13,049 
13,195 
- 
146 
13,049 
The directors' loans are interest-free and repayable on demand.
11
Transactions with related parties
During the year the Company purchased goods in the ordinary course of business from Biospace Limited, companies with common directors, at a cost of £35,000 (2023: £32,000). Amounts owed to Biospace Limited at the reporting date were £3,792 (2023: £5,350). Also during the year company provided loan of £170,400 to its 100% owned subsidiary Zipzero UK Ltd. The loans are interest-free and repayable on demand.
12
Average number of employees
During the year the average number of employees was 8 (2023: 4).
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