REGISTERED NUMBER: 04465415 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ZEALOT UK LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

S Farrington

REGISTERED OFFICE:

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

REGISTERED NUMBER:

04465415 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Tangible assets

4

257,744

241,121

CURRENT ASSETS

Debtors

5

6,103,911

5,339,554

Cash at bank and in hand

553,438

594,579

6,657,349

5,934,133

CREDITORS

Amounts falling due within one year

6

3,894,384

3,750,937

NET CURRENT ASSETS

2,762,965

2,183,196

TOTAL ASSETS LESS CURRENT LIABILITIES

3,020,709

2,424,317

PROVISIONS FOR LIABILITIES

67,559

58,274

NET ASSETS

2,953,150

2,366,043

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,953,050

2,365,943

SHAREHOLDERS' FUNDS

2,953,150

2,366,043

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 29 September 2025 and were signed by:

S Farrington - Director

1.	STATUTORY INFORMATION

Zealot UK 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.

Going concern

The director has reviewed the company's cash balance and future order book and considers that it remains appropriate to prepare accounts on a going concern basis.

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 represents the net invoice value of services provided, excluding value added tax.

Tangible fixed assets

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

Improvements to property

-

50% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

25% on cost and 10% on 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 32 (2023 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

24,176

171,324

353,527

549,027

Additions

12,031

500

99,228

111,759

At 31 December 2024

36,207

171,824

452,755

660,786

DEPRECIATION

At 1 January 2024

20,195

80,473

207,238

307,906

Charge for year

9,996

16,622

68,518

95,136

At 31 December 2024

30,191

97,095

275,756

403,042

NET BOOK VALUE

At 31 December 2024

6,016

74,729

176,999

257,744

At 31 December 2023

3,981

90,851

146,289

241,121

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,253,694

1,154,268

Amounts owed by group undertakings

2,867,537

-

Other debtors

1,982,680

4,185,286

6,103,911

5,339,554

No interest is receivable on amounts owed by group undertakings.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Finance leases (see note 7)

6,956

35,650

Trade creditors

111,538

89,698

Amounts owed to group undertakings

-

1,097

Amounts owed to associates

2,928,608

3,154,197

Taxation and social security

542,000

336,312

Other creditors

305,282

133,983

3,894,384

3,750,937

7.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

2024

2023

£

£

Gross obligations repayable:

Within one year

6,956

40,390

Finance charges repayable:

Within one year

-

4,740

Net obligations repayable:

Within one year

6,956

35,650

Non-cancellable

operating leases

2024

2023

£

£

Within one year

175,500

175,500

Between one and five years

445,500

621,000

621,000

796,500

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Finance leases

6,956

35,650

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

S Farrington

Balance outstanding at start of year

3,849,067

986,729

Amounts advanced

-

3,195,597

Amounts repaid

(2,236,292

)

(333,259

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,612,775

3,849,067

10.	ULTIMATE CONTROLLING PARTY

The shares in the company are owned by Zealot Holdings Limited. The director, Mr S Farrington, controls this company, by virtue of his shareholding.