2023-08-012024-07-312024-07-31false13492069NET ZERO POWER 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NET ZERO POWER LTD

Registered Number
13492069
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

NET ZERO POWER LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

PALLISTER, Brett

Registered Address

167-169 Great Portland Street
5th Floor
London
W1W 5PF

Registered Number

13492069 (England and Wales)
NET ZERO POWER LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Called up share capital not paid100100
Current assets
Stocks-499
Debtors12,9233,600
Cash at bank and on hand30099
13,2234,198
Creditors amounts falling due within one year(13,105)(6,515)
Net current assets (liabilities)218(2,217)
Total assets less current liabilities218(2,217)
Net assets218(2,217)
Capital and reserves
Called up share capital100100
Profit and loss account118(2,317)
Shareholders' funds218(2,217)
The financial statements were approved and authorised for issue by the Director on 29 November 2024, and are signed on its behalf by:
PALLISTER, Brett
Director
Registered Company No. 13492069
NET ZERO POWER LTD
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year00