Zcomax Technologies Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

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Balance Sheet

As At 30 September 2024

Balance Sheet

Registered number: 10743109

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		3,049

			-		3,049
CURRENT ASSETS
Stocks	5	78,333		56,663
Debtors	6	5,253		16,191
Cash at bank and in hand		5,490		2,868

		89,076		75,722
Creditors: Amounts Falling Due Within One Year	7	(89,515 )		(252,966 )

NET CURRENT ASSETS (LIABILITIES)			(439 )		(177,244 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(439 )		(174,195 )

Creditors: Amounts Falling Due After More Than One Year	8		(6,667 )		(16,667 )

NET LIABILITIES			(7,106 )		(190,862 )

CAPITAL AND RESERVES
Called up share capital	9		225,002		225,002
Profit and Loss Account			(232,108 )		(415,864 )

SHAREHOLDERS' FUNDS			(7,106)		(190,862)

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Zcomax Technologies Limited

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 23 September 2025 and were signed on its behalf by:

Mr E H Kung

Director

The notes on pages 4 to 7 form part of these financial statements.

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Zcomax Technologies Limited

Notes to the Financial Statements

For The Year Ended 30 September 2024

Notes to the Financial Statements

1. General Information

Zcomax Technologies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10743109 .

The registered office is Unit A1 Connaught Business Centre, Hyde Estate Road, London, NW9 6JL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.

2.2. Going Concern Disclosure

The accounts have been prepared on a going concern basis on the understanding that the creditors will continue to support the company for the foreseeable future.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Motor Vehicles	20% reducing balance
Fixtures & Fittings	3 years on cost
Computer Equipment	20% reducing balance

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Zcomax Technologies Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

2.9. Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

2.10. Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 4)

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Zcomax Technologies Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 October 2023	3,400	2,000	2,932	8,332
Disposals	(3,400 )	-	-	(3,400 )

As at 30 September 2024	-	2,000	2,932	4,932

Depreciation
As at 1 October 2023	2,007	2,000	1,276	5,283
Provided during the period	279	-	1,656	1,935
Disposals	(2,286 )	-	-	(2,286 )

As at 30 September 2024	-	2,000	2,932	4,932

Net Book Value
As at 30 September 2024	-	-	-	-

As at 1 October 2023	1,393	-	1,656	3,049

5. Stocks

	2024	2023
	£	£
Stock	78,333	56,663

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	4,988	13,761
Other debtors	265	2,430

	5,253	16,191

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	57,691	3,487
Bank loans and overdrafts	10,000	10,000
Amounts owed to group undertakings	-	211,528
Other creditors	19,716	25,223
Taxation and social security	2,108	2,728

	89,515	252,966

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Zcomax Technologies Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	6,667	16,667

Included under Creditors is the Bounce Back Loan which is denominated in Sterling (£) with a nominal interest rate of 2.5%, and the final instalment is due on 6 May 2026. The carrying amount at year end is £16,667 (2023 - £26,667). The loan is supported by the Bounce Back Loan Scheme.

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	225,002	225,002

10. Related Party Disclosures

The Golden Bear Property Ltd

Connected company

At the balance sheet date, the company owed Nil (2023: £211,528) to The Golden Bear Property Ltd.

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Director	Mr E H Kung

Company Number	10743109

Registered Office	Unit A1 Connaught Business Centre
	Hyde Estate Road
	London
	NW9 6JL

Accountants	Ripe LLP
	Chartered Accountants
	9A Burroughs Gardens
	London
	NW4 4AU