REGISTERED NUMBER: 04579626 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ZORAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A P Andrews

Mr Z Sandler

SECRETARY:

Wilsons (Company Secretaries) Limited

REGISTERED OFFICE:

Alexandra House

St Johns Street

Salisbury

Wiltshire

SP1 2SB

REGISTERED NUMBER:

04579626 (England and Wales)

SENIOR STATUTORY AUDITOR:

Ross Garfitt

AUDITORS:

Langdowns DFK Limited

Statutory Auditor

Fleming Court

Leigh Road

Eastleigh

Southampton

Hampshire

SO50 9PD

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

125,457

249,177

125,457

249,177

CURRENT ASSETS

Debtors

6

1,174,370

1,461,734

Cash at bank

1,334,995

1,694,430

2,509,365

3,156,164

CREDITORS

Amounts falling due within one year

7

797,957

697,026

NET CURRENT ASSETS

1,711,408

2,459,138

TOTAL ASSETS LESS CURRENT LIABILITIES

1,836,865

2,708,315

CREDITORS

Amounts falling due after more than one year

8

49,377

364,413

NET ASSETS

1,787,488

2,343,902

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

1,786,488

2,342,902

SHAREHOLDERS' FUNDS

1,787,488

2,343,902

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 Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Mr A P Andrews - Director

1.	STATUTORY INFORMATION

Zoral 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is recognised at the fair value of the consideration received or receivable for goods and services

provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair

value of consideration takes into account trade discounts, settlement discounts and volume rebates

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is

the present value of the future receipts. The difference between the fair value of the consideration and the

nominal amount received is recognised as interest income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% straight line

All fixed assets are initially recorded at cost.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

and 31 December 2024

2,013

DEPRECIATION

At 1 January 2024

and 31 December 2024

2,013

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2024

249,177

Additions

1,576,969

Impairments

(1,700,689

)

At 31 December 2024

125,457

NET BOOK VALUE

At 31 December 2024

125,457

At 31 December 2023

249,177

The directors decided to introduce further capital into the subsidiary, Zoral Group Inc, to aid with its working

capital and IP development. The directors have subsequently identified that the investment of capital is impaired, on the basis that the asset will be unlikely to generate sufficient returns to cover the cost of the investment in the short term.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,161,317

877,143

Amounts owed by group undertakings

-

560,678

Other debtors

13,053

23,913

1,174,370

1,461,734

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

2,400

2,771

Taxation and social security

345,227

56,027

Other creditors

450,330

638,228

797,957

697,026

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

49,377

364,413

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

1

1,000

1,000

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

The Report of the Auditors was unqualified.

Ross Garfitt (Senior Statutory Auditor)

for and on behalf of Langdowns DFK Limited

The prior year financial statements for the year ended 31st December 2023 were not audited and accordingly the corresponding figures are unaudited.

11.	POST BALANCE SHEET EVENTS

After the balance sheet date, on 05/05/2025, the Company issued 39,000 ordinary shares at a price of £1 per share. This resulted in an increase in share capital of £39,000.