REGISTERED NUMBER: 02723640 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Zarafa Height Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D R Armitage

R D Armitage

K J Armitage

S Kopycki

SECRETARY:

R D Armitage

REGISTERED OFFICE:

7 Hungate

Pickering

North Yorkshire

YO18 7DL

REGISTERED NUMBER:

02723640 (England and Wales)

SENIOR STATUTORY AUDITOR:

Phillipa Symington ACA, CA(SA)

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

FIXED ASSETS

Tangible assets

4

536,041

625,303

CURRENT ASSETS

Stocks

5

423,531

899,096

Debtors

6

147,209

242,615

Cash at bank

981,405

860,141

1,552,145

2,001,852

CREDITORS

Amounts falling due within one year

7

(996,684

)

(1,551,050

)

NET CURRENT ASSETS

555,461

450,802

TOTAL ASSETS LESS CURRENT LIABILITIES

1,091,502

1,076,105

CREDITORS

Amounts falling due after more than one year

8

-

(9,010

)

PROVISIONS FOR LIABILITIES

11

(142,197

)

(120,997

)

NET ASSETS

949,305

946,098

CAPITAL AND RESERVES

Called up share capital

12

200

200

Retained earnings

949,105

945,898

SHAREHOLDERS' FUNDS

949,305

946,098

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

D R Armitage - Director

1.	STATUTORY INFORMATION

Zarafa Height Solutions 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.

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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going concern

The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date the financial statements are approved.

The financial statements are prepared on the going concern basis which assumes that the group will continue to trade. If the group is unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to analyse long term liabilities as current liabilities.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Income recognition

Income is recognised when the conditions contained within a contract for services have been met.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter:

Plant and machinery

- between 1 and 10 years

Motor vehicles

- between 1 and 3 years

Tangible fixed assets are recognised at cost then subsequently at cost less accumulated depreciation and impairment.

The company writes down motor vehicles on a straight line basis to their estimated residual values at the end of their useful lives of 2 or 3 years.

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Work-in-progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. Profit is only recognised to the extent that the outcome of a contract can be estimated reliably.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

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

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

3,437,852

113,487

3,551,339

Additions

78,182

3,000

81,182

Disposals

(13,570

)

(42,054

)

(55,624

)

At 31 December 2024

3,502,464

74,433

3,576,897

DEPRECIATION

At 1 January 2024

2,873,057

52,979

2,926,036

Charge for year

143,239

22,205

165,444

Eliminated on disposal

(13,570

)

(37,054

)

(50,624

)

At 31 December 2024

3,002,726

38,130

3,040,856

NET BOOK VALUE

At 31 December 2024

499,738

36,303

536,041

At 31 December 2023

564,795

60,508

625,303

Fixed assets, included in the above, which are held under finance leases are as follows:

Motor

vehicles

£

COST

At 1 January 2024

54,084

Disposals

(24,966

)

At 31 December 2024

29,118

DEPRECIATION

At 1 January 2024

28,005

Charge for year

12,069

Eliminated on disposal

(19,966

)

At 31 December 2024

20,108

NET BOOK VALUE

At 31 December 2024

9,010

At 31 December 2023

26,079

5.

STOCKS

2024

2023

£

£

Work-in-progress

423,531

899,096

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

34,517

117,017

Amounts owed by group undertakings

69,820

9,520

Other debtors

-

70,365

Prepayments and accrued income

42,872

45,713

147,209

242,615

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Finance leases (see note 9)

9,010

16,436

Trade creditors

53,979

123,521

Amounts owed to group undertakings

197,252

108,046

Taxation and social security

35,557

100,251

Other creditors

-

25,662

Accruals and deferred income

700,886

1,177,134

996,684

1,551,050

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Finance leases (see note 9)

-

9,010

9.	LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases

2024

2023

£

£

Net obligations repayable:

Within one year

9,010

16,436

Between one and five years

-

9,010

9,010

25,446

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Finance leases

9,010

25,446

The finance lease liabilities are secured against the assets to which they relate.

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

76,197

66,997

Other provisions

66,000

54,000

142,197

120,997

Deferred

Other

tax

provisions

£

£

Balance at 1 January 2024

66,997

54,000

Provided during year

9,200

-

Balance at 31 December 2024

76,197

54,000

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

200

200

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Phillipa Symington ACA, CA(SA) (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

14.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Zarafa Holdco Limited, a private company, limited by shares, registered in England and Wales. The company's registered office is 7 Hungate, Pickering, North Yorkshire, YO18.

The parent undertaking is Zarafa Group Limited, a private company, limited by shares, registered in England and Wales. The company's registered office is 7 Hungate, Pickering, North Yorkshire, YO18 7DL.