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Registered Number: 12457899
England and Wales

 

 

 

ZERO POINT MOTION LTD



Filleted Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2024

End date: 31 December 2024

Zero Point Motion Ltd
Contents Page
For the Period 01 March 2024 to 31 December 2024
Directors Dr Ying Lia Li
Dr Gordon James Aspin
Dr Anthony John Milbourn
Mr Christopher John Wiles
Mr John Martin Williams
Registered Number 12457899
Registered Office 1 Cathedral Square
Trinity Street
Bristol
BS1 5DD
Accountants Bond & Co Chartered Certified Accountants
Bristol North Baths
Gloucester Road
Bristol
BS7 8BN
1
Director's report and financial statements
The directors present their annual report and the financial statements for the period ended 31 December 2024.
Principal activities
The principal activity of the company during the financial period was developing high precision sensor for positioning and navigation.
Directors
The directors who served the company throughout the period were as follows:
Dr Ying Lia Li
Dr Gordon James Aspin
Dr Anthony John Milbourn
Mr Christopher John Wiles
Mr John Martin Williams (from 13/12/2024)
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Dr Ying Lia Li
Director

Date approved: 05 September 2025
2
Report to the directors on the preparation of the unaudited statutory accounts of Zero Point Motion Ltd for the period ended 31 December 2024. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Zero Point Motion Ltd for the period ended 31 December 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of Zero Point Motion Ltd, as a body, in accordance with the terms of our engagement letter dated 12 June 2021. Our work has been undertaken solely to prepare for your approval the accounts of Zero Point Motion Ltd and state those matters that we have agreed to state to the Board of Directors of Zero Point Motion Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zero Point Motion Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Zero Point Motion Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Zero Point Motion Ltd. You consider that Zero Point Motion Ltd is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the accounts of Zero Point Motion Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 December 2024.



Bond & Co Chartered Certified Accountants
Bristol North Baths
Gloucester Road
Bristol
BS7 8BN
05 September 2025
3
 
 		 Notes
 		 2024
£		   2024
£
Fixed assets      
Tangible fixed assets 3 190,313    163,036 
190,313    163,036 
Current assets      
Debtors: amounts falling due within one year 4 887,924    530,392 
Debtors: amounts falling due after one year 5 47,135    16,690 
Cash at bank and in hand 2,613,849    322,574 
3,548,908    869,656 
Creditors: amount falling due within one year 6 (180,092)   (84,907)
Net current assets 3,368,816    784,749 
 
Total assets less current liabilities 3,559,129    947,785 
Net assets 3,559,129    947,785 
 

Capital and reserves 		     
Called up share capital 3    2 
Share premium account 7 5,507,833    2,677,499 
Revaluation Reserves 8 37,530    31,248 
Profit and loss account (1,986,237)   (1,760,964)
Shareholders' funds 3,559,129    947,785 
 


For the period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 05 September 2025 and were signed on its behalf by:


-------------------------------
Dr Ying Lia Li
Director
4
  Equity share capital   Equity share premium   Share options reserve   Retained Earnings   Total
£ £ £ £ £
At 01 March 2023 2  2,677,499  12,037  (791,121) 1,898,417 
Profit for the period (969,843) (969,843)
Equity-settled share-based payments in period 19,211  19,211 
Total comprehensive income for the period -  -  19,211  (969,843) (950,632)
Total investments by and distributions to owners -  -  -  -  - 
At 29 February 2024 2  2,677,499  31,248  (1,760,964) 947,785 
At 01 March 2024 2  2,677,499  21,067  (1,760,964) 937,604 
Profit for the period (225,273) (225,273)
Equity-settled share-based payments in period 16,463  16,463 
Total comprehensive income for the period -  -  16,463  (225,273) (208,810)
Shares issued 1  1 
Share Premium - new issue 2,830,334  2,830,334 
Total investments by and distributions to owners 1  2,830,334  -  -  2,830,335 
At 31 December 2024 3  5,507,833  37,530  (1,986,237) 3,559,129 
5
General Information
Zero Point Motion Ltd is a private company, limited by shares, registered in England and Wales, registration number 12457899, registration address 1 Cathedral Square , Trinity Street, Bristol , BS1 5DD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Grants
Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company's liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 10% to 25% Straight Line
Share-based payments
Equity-settled share-based payment transactions are measured at fair value at the date of grant. The fair value is charged to the income statement on a straight-line basis over the vesting period, with a corresponding increase in equity. Fair value is determined using an appropriate pricing model. All market conditions and non-vesting conditions are taken into account when estimating the fair value of the shares or share options.
2.

Average number of employees

Average number of employees during the period was 10 (2024 : 9).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 March 2024 227,076    227,076 
Additions 67,692    67,692 
Disposals -    - 
At 31 December 2024 294,768    294,768 
Depreciation
At 01 March 2024 64,040    64,040 
Charge for period 40,415    40,415 
On disposals -    - 
At 31 December 2024 104,455    104,455 
Net book values
Closing balance as at 31 December 2024 190,313    190,313 
Opening balance as at 01 March 2024 163,036    163,036 


4.

Debtors: amounts falling due within one year

2024
£		   2024
£
Trade Debtors 0    984 
Prepayments 63,859    25,923 
Accrued Income 487,600    179,410 
Corporation Tax 322,119    286,741 
VAT 14,346    37,334 
887,924    530,392 

5.

Debtors: amounts falling due after one year

2024
£		   2024
£
Other Debtors 47,135    16,690 
47,135    16,690 

6.

Creditors: amount falling due within one year

2024
£		   2024
£
Trade Creditors 64,189    32,680 
PAYE & Social Security 18,031    22,115 
Accrued Expenses 81,140    11,687 
Other Creditors 16,732    18,425 
180,092    84,907 

7.

Share premium account

2024
£		   2024
£
Equity Share Premium b/fwd 2,677,499    2,677,499 
Equity Share Premium - New Issue 2,830,334    0 
5,507,833    2,677,499 

8.

Revaluation Reserves

2024
£		   2024
£
Share Options Reserve b/fwd 21,067    12,037 
Equity-Settled Share-Based Payments 16,463    19,211 
37,530    31,248 

9.

Share-based payments

The company operates an Enterprise Management Incentives (EMI) Option Scheme. During the period nil (2023 : 70,363) share options were granted and 22,341 (2023 : 36,945) were vested. The fair value of these options was determined using an estimated Actual Market Value (AMV) of £0.52 per share. The vesting period is 4 years. No share options were exercised during the period. Options can only be exercised on an exit event.

The total expense recognised in the income statement for the period is £6,282 (2023 : £19,211).
10.

Investment

In November 2024 £2.85m of investment was secured from current shareholders. In January 2025 a further £1.15m was raised from a new investor, Science Creates, bringing the total of this Pre-Series A investment of £4m in total.
6