REGISTERED NUMBER: 05058229 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

ZEPKO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S England

REGISTERED OFFICE:

143 Station Road

Hampton

Middlesex

TW12 2AL

REGISTERED NUMBER:

05058229 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

143 Station Road

Hampton

Middlesex

TW12 2AL

CURRENT ASSETS

Debtors

4

176,480

139,619

Cash at bank

939,645

1,212,758

1,116,125

1,352,377

CREDITORS

Amounts falling due within one year

5

(700,534

)

(738,218

)

NET CURRENT ASSETS

415,591

614,159

TOTAL ASSETS LESS CURRENT LIABILITIES

415,591

614,159

CAPITAL AND RESERVES

Called up share capital

6

83

105

Capital redemption reserve

7

22

-

Retained earnings

7

415,486

614,054

SHAREHOLDERS' FUNDS

415,591

614,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2025 and were signed by:

S England - Director

1.	STATUTORY INFORMATION

Zepko 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.

Turnover

Turnover represents sales to external customers at invoiced amounts less value added tax or local taxes on sales.Turnover is recognised in the period in which goods are delivered or the service provided.

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.

Hire purchase and leasing commitments

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

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 13 (2023 - 10 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

84,988

49,541

Other debtors

91,492

90,078

176,480

139,619

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

50,605

19,265

Taxation and social security

38,206

51,813

Other creditors

611,723

667,140

700,534

738,218

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

83

Ordinary A shares

£1

83

83

NIL

Ordinary B shares

£1

-

22

83

105

7.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 January 2024

614,054

-

614,054

Profit for the year

36,432

36,432

Purchase of own shares

(235,000

)

22

(234,978

)

At 31 December 2024

415,486

22

415,508

8.	SHARE-BASED PAYMENT TRANSACTIONS

An EMI option was issued in August 2019 in respect of 15 ordinary C and 10 ordinary D shares with an exercise price of £1.00 per share.

Weighted Weighted

average average

exercise exercise

price price

(pence) Number (pence) Number

2024 2024 2023 2023

Outstanding at the beginning of the year 100 25 100 25

Outstanding at the end of the year 100 25 100 25

2024 2023

Inputs into the model

Exercisable at year end 25 25

Weighted average share price (pence) 100 100

Exercise price (pence) 100 100

Weighted average contractual life (days) 3653 3653

Expected volatility 25% 25%

Expected dividend growth rate 0 0

Risk-free interest rate 0.75% 0.75%

The total charge for the year for share based payments recognised in the statement of income and

retained earnings was £nil (2023 - £nil).