IRIS Accounts Production v24.3.2.46 11497119 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false Ordinary A 0.01000 Ordinary B 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh114971192023-12-31114971192024-12-31114971192024-01-012024-12-31114971192022-12-31114971192023-01-012023-12-31114971192023-12-3111497119ns15:EnglandWales2024-01-012024-12-3111497119ns14:PoundSterling2024-01-012024-12-3111497119ns10:Director12024-01-012024-12-3111497119ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3111497119ns10:SmallEntities2024-01-012024-12-3111497119ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3111497119ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3111497119ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3111497119ns10:FullAccounts2024-01-012024-12-311149711912024-01-012024-12-3111497119ns10:OrdinaryShareClass22024-01-012024-12-3111497119ns10:OrdinaryShareClass32024-01-012024-12-3111497119ns10:Director22024-01-012024-12-3111497119ns10:RegisteredOffice2024-01-012024-12-3111497119ns5:CurrentFinancialInstruments2024-12-3111497119ns5:CurrentFinancialInstruments2023-12-3111497119ns5:Non-currentFinancialInstruments2024-12-3111497119ns5:Non-currentFinancialInstruments2023-12-3111497119ns5:ShareCapital2024-12-3111497119ns5:ShareCapital2023-12-3111497119ns5:SharePremium2024-12-3111497119ns5:SharePremium2023-12-3111497119ns5:RetainedEarningsAccumulatedLosses2024-12-3111497119ns5:RetainedEarningsAccumulatedLosses2023-12-3111497119ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3111497119ns5:IntangibleAssetsOtherThanGoodwill2023-12-3111497119ns5:IntangibleAssetsOtherThanGoodwill2024-12-3111497119ns5:IntangibleAssetsOtherThanGoodwill2023-12-3111497119ns5:FurnitureFittings2023-12-3111497119ns5:ComputerEquipment2023-12-3111497119ns5:FurnitureFittings2024-01-012024-12-3111497119ns5:ComputerEquipment2024-01-012024-12-3111497119ns5:FurnitureFittings2024-12-3111497119ns5:ComputerEquipment2024-12-3111497119ns5:FurnitureFittings2023-12-3111497119ns5:ComputerEquipment2023-12-3111497119ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3111497119ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3111497119ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-12-3111497119ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-3111497119ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-12-3111497119ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3111497119ns10:OrdinaryShareClass22024-12-3111497119ns10:OrdinaryShareClass32024-12-31
REGISTERED NUMBER: 11497119 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

ANZEN TECHNOLOGY SYSTEMS LIMITED

ANZEN TECHNOLOGY SYSTEMS LIMITED (REGISTERED NUMBER: 11497119)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANZEN TECHNOLOGY SYSTEMS LIMITED

Company Information
for the year ended 31 December 2024







DIRECTORS: Hoon Ywen Li
J Seet





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 11497119 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

ANZEN TECHNOLOGY SYSTEMS LIMITED (REGISTERED NUMBER: 11497119)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 37,445 38,556
Tangible assets 5 1,794 3,122
39,239 41,678

CURRENT ASSETS
Debtors 6 50,458 44,830
Cash at bank 77,321 69,188
127,779 114,018
CREDITORS
Amounts falling due within one year 7 (55,653 ) (138,806 )
NET CURRENT ASSETS/(LIABILITIES) 72,126 (24,788 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,365

16,890

CREDITORS
Amounts falling due after more than one
year

8

(30,208

)

(14,978

)
NET ASSETS 81,157 1,912

CAPITAL AND RESERVES
Called up share capital 10 5,567 5,400
Share premium 178,790 28,957
Retained earnings (103,200 ) (32,445 )
SHAREHOLDERS' FUNDS 81,157 1,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ANZEN TECHNOLOGY SYSTEMS LIMITED (REGISTERED NUMBER: 11497119)

Balance Sheet - continued
31 December 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by:





Hoon Ywen Li - Director


ANZEN TECHNOLOGY SYSTEMS LIMITED (REGISTERED NUMBER: 11497119)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Anzen Technology Systems 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.

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

Revenue from the sale of IT consultancy services is recognised at the point of sale and on an accruals basis.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and impairment losses.

Intellectual property is being amortised evenly over its estimated useful life of 12 years.

UK and US patent applications are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings- 25% on cost
Computer equipment- 33% on cost

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Financial instruments
Financial assets, liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


ANZEN TECHNOLOGY SYSTEMS LIMITED (REGISTERED NUMBER: 11497119)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has not further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability on the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Government assistance
Included in bank loans is a bounce back loan which is guaranteed by the government. As part of the bounce back loan scheme the government paid the first year of interest on the loan.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024 57,678
Additions 4,527
At 31 December 2024 62,205
AMORTISATION
At 1 January 2024 19,122
Charge for year 5,638
At 31 December 2024 24,760
NET BOOK VALUE
At 31 December 2024 37,445
At 31 December 2023 38,556

ANZEN TECHNOLOGY SYSTEMS LIMITED (REGISTERED NUMBER: 11497119)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 January 2024 764 16,409 17,173
Additions 425 - 425
At 31 December 2024 1,189 16,409 17,598
DEPRECIATION
At 1 January 2024 499 13,552 14,051
Charge for year 298 1,455 1,753
At 31 December 2024 797 15,007 15,804
NET BOOK VALUE
At 31 December 2024 392 1,402 1,794
At 31 December 2023 265 2,857 3,122

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 50,458 44,830

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 16,416 10,136
Trade creditors 158 458
Taxation and social security 4,698 21,710
Other creditors 34,381 106,502
55,653 138,806

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 30,208 14,978

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 16,416 10,136

ANZEN TECHNOLOGY SYSTEMS LIMITED (REGISTERED NUMBER: 11497119)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

9. LOANS - continued
2024 2023
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 11,467 10,393

Amounts falling due between two and five years:
Bank loans - 2-5 years 18,741 4,585

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
516,666 Ordinary A 1p 5,167 5,000
39,959 Ordinary B 1p 400 400
5,567 5,400

16,666 Ordinary A shares of 1p each were issued during the year, for cash of £150,000. The share premium on this share issue totalled £149,833.

11. SHARE-BASED PAYMENT TRANSACTIONS

The Anzen Technology Systems Limited EMI Share Option Scheme was introduced on 10 October 2023. The scheme provides additional remuneration for three employees considered key to the company. At this date, the employees had been granted options over 18,333 ordinary 'C' £0.01 shares.

The options were granted with an exercise price of £0.01. They are exercisable if the agreed exit conditions are met. Employees are not entitled to dividends on these shares until the options are exercised. Vesting of the options is subject to continued employment with the company.

There is no charge to the profit and loss account in the year as the conditions that must be met for the options to be exercised are not expected to be fulfilled in the foreseeable future. A full fair value valuation using the Black-Scholes pricing method is not considered justifiable and therefore no adjustment has be made to the financial statements to reflect these share options.