Zedra UK Services Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

Zedra UK Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 9686239 . The registered office is Booths Hall, Booths Park 3 , Chelford Road, Knutsford, Cheshire, WA16 8GS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland " ("FRS 102") and requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in £, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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
Motor Vehicles	25%
Computer Equipment	25%

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to release the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial 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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, other loans and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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Zedra UK Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Financial Instruments - continued

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Corporation 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 year 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.

2.8. Pensions

The company operates a defined pension contribution scheme that is open to all employees. In the first year the employees and the company both contribute to the statutory minimum. From year 1 onwards the company pays the statutory minimum and the employees have the option of topping up.

2.9.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as laibilities once they are no longer at the discretion of the company.

2.10.

Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short tem liquid investments with original maturity of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.11. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 31 (2023: 15)

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	-	26,008	26,008
Additions	47,097	107,191	154,288

As at 31 December 2024	47,097	133,199	180,296

Depreciation
As at 1 January 2024	-	7,067	7,067
Provided during the period	5,887	26,989	32,876

As at 31 December 2024	5,887	34,056	39,943

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Zedra UK Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	41,210	99,143	140,353

As at 1 January 2024	-	18,941	18,941

5. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	149,772	94,146
Other debtors	139,308	55,912
Amounts owed by group undertakings	1,410,312	543,937

	1,699,392	693,995

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	496,534	80,386
Corporation tax	117,484	66,872
Accruals and deferred income	389,921	296,550
Amounts owed to group undertakings	767,491	355,165

	1,771,430	798,973

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

8. Related Party Transactions

Transactions and balances with group companies

The company has taken advantage of the exemption not to disclose transactions with other members of the group under FRS 102 Section 33.1A as it is a wholly owned subsidiary.

9. Ultimate Controlling Party

The immediate parent undertaking is Zedra Holding SA which is incorporated in Luxembourg and has its registered office at: 11 Avenue de la Porte-Neave, 2227 Luxembourg.

The ultimate parent company and controlling party is Corsair Capital Partners Group Limited, a company incorporated in the Cayman Islands.

The largest and smallest parent company preparing group financial statements is Zedra Holdings SA (Luxembourg). Publicly available consolidated statements are available from Zedra Holdings SA (Luxembourg) at its registered office: 11 Avenue de la Porte-Neave, 2227 Luxembourg and at https://www.lbr.lu.

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		140,353		18,941

			140,353		18,941
CURRENT ASSETS
Debtors	5	1,699,392		693,995
Cash at bank and in hand		194,599		136,339

		1,893,991		830,334
Creditors: Amounts Falling Due Within One Year	6	(1,771,430 )		(798,973 )

NET CURRENT ASSETS (LIABILITIES)			122,561		31,361

TOTAL ASSETS LESS CURRENT LIABILITIES			262,914		50,302

NET ASSETS			262,914		50,302

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			262,912		50,300

SHAREHOLDERS' FUNDS			262,914		50,302