REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
FOR |
SPOTTED ZEBRA SOLUTIONS LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
FOR |
SPOTTED ZEBRA SOLUTIONS LTD |
SPOTTED ZEBRA SOLUTIONS LTD (REGISTERED NUMBER: 12624026) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SPOTTED ZEBRA SOLUTIONS LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Nightingale House |
46-48 East Street |
Epsom |
Surrey |
KT17 1HQ |
SPOTTED ZEBRA SOLUTIONS LTD (REGISTERED NUMBER: 12624026) |
BALANCE SHEET |
31 DECEMBER 2024 |
2024 | 2023 |
(Unaudited) |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Share premium |
Retained earnings | ( |
) | ( |
) |
The financial statements were approved by the Board of Directors and authorised for issue on |
SPOTTED ZEBRA SOLUTIONS LTD (REGISTERED NUMBER: 12624026) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
1. | Statutory information |
Spotted Zebra Solutions Ltd is a |
2. | Accounting policies |
Basis of preparing the 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. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off the cost less estimated value of each asset over its estimated useful life. |
Office equipment - 33% |
Computer equipment - 33% |
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. |
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. |
SPOTTED ZEBRA SOLUTIONS LTD (REGISTERED NUMBER: 12624026) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
2. | Accounting policies - continued |
Research and development costs |
All research and development costs are expensed as incurred in the period in which they arise. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Intangible fixed assets |
Other |
intangible |
assets |
£ |
Cost |
At 1 January 2024 |
and 31 December 2024 |
Amortisation |
At 1 January 2024 |
Charge for year |
At 31 December 2024 |
Net book value |
At 31 December 2024 |
At 31 December 2023 |
SPOTTED ZEBRA SOLUTIONS LTD (REGISTERED NUMBER: 12624026) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
5. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 January 2024 |
Additions |
Disposals | ( |
) |
At 31 December 2024 |
Depreciation |
At 1 January 2024 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 December 2024 |
Net book value |
At 31 December 2024 |
At 31 December 2023 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
(Unaudited) |
£ | £ |
Trade debtors |
Other debtors |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
(Unaudited) |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
SPOTTED ZEBRA SOLUTIONS LTD (REGISTERED NUMBER: 12624026) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
8. | Called up share capital |
Alloted, issued, and fully paid: |
Number | Class | Nominal Value | 31.12.2024 | 31.12.2023 |
850,750 (2023: 791,894) | Ordinary | 0.0001 | 85 | 79 |
199,224 (2023: 204,144) | Ordinary A | 0.0001 | 20 | 20 |
391,146 (2023: 444,992) | Series A | 0.0001 | 39 | 44 |
972 (2023: Nil) | B Ordinary | 0.0001 | - | - |
144 | 143 |
The following shares were issued during the period: |
972 B Ordinary shares for cash of £11,110 |
9. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
10. | Directors' advances, credits and guarantees |
The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023: |
2024 | 2023 |
(Unaudited) |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
This loan is unsecured, interest free and technically repayable on demand. |
SPOTTED ZEBRA SOLUTIONS LTD (REGISTERED NUMBER: 12624026) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
11. | Related party disclosures |
During the year, the company engaged in transactions with Zelt Ltd, a company in which C Ferrer Roqueta is also a director. |
The company paid £17,777 to Zelt Ltd for computer software, subscriptions and computer equipment (2023: £49,675). |
These transactions were conducted on normal commercial terms. |
At the balance sheet date, an amount of £Nil was outstanding and is included in trade creditors (2023: £4,595). |
All transactions were carried out in the ordinary course of business and were approved by the board. |
12. | Share-based payment transactions |
Share Options | 31.12.2024 | 31.12.2023 |
Number | Number |
Outstanding at the beginning of the year | 82,745 | - |
Granted at the beginning of the year | - | 82,745 |
Exercised during the year | 972 | - |
Cancelled during the year | 40,351 | - |
Outstanding at the end of the year | 41,422 | 82,745 |
The total charge for the year relating to employee share based payment plan was £11,110 (2023: £Nil) in accordance with provisions of FRS 102 (Section 1A). |
On 18 August 2023, the Company commenced the operation of an Enterprise Management Incentive scheme (EMI). At 31 December 2024 35,155 (2023: 73,493) EMI options remained in issue. These options have an exercise price of between £5.93 and £21.43 per share. |