Acorah Software Products - Accounts Production 16.1.300 false true true 31 October 2023 1 September 2022 false 1 November 2023 31 October 2024 31 October 2024 11545410 Mr John Rebhan Mr Daniel Spokes Dr Richard Antrum Mr Dominic Christian iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11545410 2023-10-31 11545410 2024-10-31 11545410 2023-11-01 2024-10-31 11545410 frs-core:Non-currentFinancialInstruments 2024-10-31 11545410 frs-core:BetweenOneFiveYears 2024-10-31 11545410 frs-core:ComputerEquipment 2023-11-01 2024-10-31 11545410 frs-core:MotorVehicles 2023-11-01 2024-10-31 11545410 frs-core:PlantMachinery 2023-11-01 2024-10-31 11545410 frs-core:WithinOneYear 2024-10-31 11545410 frs-core:SharePremium 2024-10-31 11545410 frs-core:ShareCapital 2024-10-31 11545410 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 11545410 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11545410 frs-bus:AbridgedAccounts 2023-11-01 2024-10-31 11545410 frs-bus:SmallEntities 2023-11-01 2024-10-31 11545410 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11545410 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11545410 frs-bus:OrdinaryShareClass1 2023-11-01 2024-10-31 11545410 frs-bus:OrdinaryShareClass1 2024-10-31 11545410 frs-bus:OrdinaryShareClass2 2023-11-01 2024-10-31 11545410 frs-bus:OrdinaryShareClass2 2024-10-31 11545410 frs-bus:Director1 2023-11-01 2024-10-31 11545410 frs-bus:Director2 2023-11-01 2024-10-31 11545410 frs-bus:Director2 2023-10-31 11545410 frs-bus:Director2 2024-10-31 11545410 frs-bus:Director3 2023-11-01 2024-10-31 11545410 frs-bus:Director4 2023-11-01 2024-10-31 11545410 frs-countries:EnglandWales 2023-11-01 2024-10-31 11545410 2022-08-31 11545410 2023-10-31 11545410 2022-09-01 2023-10-31 11545410 frs-core:Non-currentFinancialInstruments 2023-10-31 11545410 frs-core:BetweenOneFiveYears 2023-10-31 11545410 frs-core:WithinOneYear 2023-10-31 11545410 frs-core:SharePremium 2023-10-31 11545410 frs-core:ShareCapital 2023-10-31 11545410 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 11545410 frs-bus:OrdinaryShareClass1 2022-09-01 2023-10-31 11545410 frs-bus:OrdinaryShareClass2 2022-09-01 2023-10-31
Registered number: 11545410
ZPE Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 October 2024
James Khan
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 11545410
31 October 2024 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,855 3,236
22,855 3,236
CURRENT ASSETS
Debtors 5 371,439 344,163
Cash at bank and in hand 22,525 590,093
393,964 934,256
Creditors: Amounts Falling Due Within One Year (41,157 ) (9,522 )
NET CURRENT ASSETS (LIABILITIES) 352,807 924,734
TOTAL ASSETS LESS CURRENT LIABILITIES 375,662 927,970
Creditors: Amounts Falling Due After More Than One Year (763,975 ) (500,000 )
NET (LIABILITIES)/ASSETS (388,313 ) 427,970
CAPITAL AND RESERVES
Called up share capital 7 285 277
Share premium account 1,280,041 1,098,454
Profit and Loss Account (1,668,639 ) (670,761 )
SHAREHOLDERS' FUNDS (388,313) 427,970
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For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 October 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr John Rebhan
Director
Mr Daniel Spokes
Director
Dr Richard Antrum
Director
04/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Abridged Financial Statements
1. General Information
ZPE Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11545410 . The registered office is Unit 6c Lodge Way, Severn Bridge Industrial Estate, Caldicot, Monmouthshire, NP26 5PS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Office & Computer Equipment 25% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Research and Development Costs
Included in cost of sales are research and development costs in connection with the new product; all such expenditure
is being written off to the Profit and Loss Account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Total
£
Cost
As at 1 November 2023 4,315
Additions 22,825
As at 31 October 2024 27,140
Depreciation
As at 1 November 2023 1,079
Provided during the period 3,206
As at 31 October 2024 4,285
Net Book Value
As at 31 October 2024 22,855
As at 1 November 2023 3,236
5. Debtors
31 October 2024 31 October 2023
£ £
Due after more than one year
Other debtors 324,324 257,059
6. Obligations Under Finance Leases and Hire Purchase
31 October 2024 31 October 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 19,276 -
Later than one year and not later than five years 13,975 -
33,251 -
33,251 -
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7. Share Capital
31 October 2024 31 October 2023
Allotted, called up and fully paid £ £
2,744,918 Ordinary Shares of £ 0.0001 each 275 267
100,000 Ordinary A shares of £ 0.0001 each 10 10
285 277
Shares issued during the period: £
70,616 Ordinary Shares of £ 0.0001 each 8
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Daniel Spokes 21,947 105,366 (95,720 ) - 31,593
The above loan is unsecured and repayable on demand. Interest is being charged at 2.25%.
The director has agreed to settle this loan as soon as is practically possible.
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