Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 29 September 2025 1 January 2024 31 December 2024 31 December 2024 13185808 Kurt Ostrem Mr Michael Braybrook Mr Joris Laponder Zaptec AS Professor Olav Hanssens vei 7A, 4021 Stavanger, Norway true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13185808 2023-12-31 13185808 2024-12-31 13185808 2024-01-01 2024-12-31 13185808 frs-core:CurrentFinancialInstruments 2024-12-31 13185808 frs-core:BetweenOneFiveYears 2024-12-31 13185808 frs-core:ComputerEquipment 2024-12-31 13185808 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13185808 frs-core:ComputerEquipment 2023-12-31 13185808 frs-core:WithinOneYear 2024-12-31 13185808 frs-core:ShareCapital 2024-12-31 13185808 frs-core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 13185808 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13185808 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13185808 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13185808 frs-bus:SmallEntities 2024-01-01 2024-12-31 13185808 frs-bus:Audited 2024-01-01 2024-12-31 13185808 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13185808 1 2024-01-01 2024-12-31 13185808 frs-bus:Director1 2024-01-01 2024-12-31 13185808 frs-bus:Director2 2024-01-01 2024-12-31 13185808 frs-bus:Director3 2024-01-01 2024-12-31 13185808 frs-countries:EnglandWales 2024-01-01 2024-12-31 13185808 2022-12-31 13185808 2023-12-31 13185808 2023-01-01 2023-12-31 13185808 frs-core:CurrentFinancialInstruments 2023-12-31 13185808 frs-core:BetweenOneFiveYears 2023-12-31 13185808 frs-core:WithinOneYear 2023-12-31 13185808 frs-core:ShareCapital 2022-12-31 13185808 frs-core:ShareCapital 2023-12-31 13185808 frs-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 13185808 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-12-31 13185808 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13185808
Zaptec U.K. Ltd
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Company Information 1
Balance Sheet 2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Kurt Ostrem
Mr Michael Braybrook
Mr Joris Laponder
Company Number 13185808
Registered Office C/O Clear Accountancy Services Ltd
E-Innovation Centre
Priorslee
Shropshire
TF2 9FT
Accountants Clear Accountancy Services Limited
Chartered Certified Accountants
e-Innovation Centre
Priorslee
Telford
Shropshire
TF2 9FT
Auditors BSS & Co (Accountancy Services) Ltd
75 Aston Road
Shifnal
Shropshire
TF11 8DU
Page 1
Page 2
Balance Sheet
Registered number: 13185808
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,625 20,660
15,625 20,660
CURRENT ASSETS
Stocks 5 3,034,190 2,334,750
Debtors 6 1,047,379 570,799
Cash at bank and in hand 1,169,915 206,091
5,251,484 3,111,640
Creditors: Amounts Falling Due Within One Year 7 (6,777,921 ) (4,800,391 )
NET CURRENT ASSETS (LIABILITIES) (1,526,437 ) (1,688,751 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,510,812 ) (1,668,091 )
NET LIABILITIES (1,510,812 ) (1,668,091 )
CAPITAL AND RESERVES
Called up share capital 8 100,000 100,000
Profit and Loss Account (1,610,812 ) (1,768,091 )
SHAREHOLDERS' FUNDS (1,510,812) (1,668,091)
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.
On behalf of the board
Kurt Ostrem
Director
29 September 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 January 2023 100,000 (2,018,749 ) (1,918,749)
Profit for the year and total comprehensive income - 250,658 250,658
As at 31 December 2023 and 1 January 2024 100,000 (1,768,091 ) (1,668,091)
Profit for the year and total comprehensive income - 157,279 157,279
As at 31 December 2024 100,000 (1,610,812 ) (1,510,812)
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Notes to the Financial Statements
1. General Information
Zaptec U.K. Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13185808 . The registered office is C/O Clear Accountancy Services Ltd, E-Innovation Centre, Priorslee, Shropshire, TF2 9FT.
The financial statements are presented in pound sterling (£) and rounded to the nearest whole £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The company has full financial support from the parent company - Zaptec Charger AS.
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:
Computer Equipment 33%
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. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 13)
8 13
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 41,017
Additions 2,661
As at 31 December 2024 43,678
Depreciation
As at 1 January 2024 20,357
Provided during the period 7,696
As at 31 December 2024 28,053
Net Book Value
As at 31 December 2024 15,625
As at 1 January 2024 20,660
5. Stocks
2024 2023
£ £
Stock 3,034,190 2,334,750
Page 5
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 998,934 475,527
Prepayments and accrued income 47,885 91,874
Other debtors 560 3,398
1,047,379 570,799
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 54,774 150,805
Other taxes and social security 17,946 64,749
VAT 145,981 79,891
Other creditors 21,253 15,727
Accruals and deferred income 23,230 51,033
Amounts owed to parent undertaking 6,514,737 4,438,186
6,777,921 4,800,391
Amounts owed to the parent company accrues an interest charge at a rate of the Norwegian overnight 
weighted average (NOWA) interest rate with 3.45% margin per annum. 
The loan has no formal repayment terms and is considered repayable on demand.  
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100,000 100,000
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 22,750 41,779
Later than one year and not later than five years 11,375 30,997
34,125 72,776
10. Pension Commitments
The company operates a defined contribution pension scheme for its employees and participating directors. The assets of the scheme are held separately from those of the company in an independently administered fund.
The pension cost charge represents the contributions paid by the company to the fund and  
amounted to £22,787. 
At the reporting date, there were unpaid contributions of £3,914 (2023 £3,700). This amount is included within other creditors.  
11. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
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12. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Zaptec Charger AS . Zaptec Charger AS was incorporated in Norway. Copies of the group accounts may be obtained from the secretary, Professor Olav Hanssens vei 7A, 4021 Stavanger, Norway . The ultimate controlling party is Zaptec AS who controls 100% of the shares of Zaptec U.K. Ltd .
13. Audit Information
The auditor's report on the accounts of Zaptec U.K. Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Taheer Afzal (Senior Statutory Auditor) for and on behalf of BSS & Co (Accountancy Services) Ltd , Statutory Auditor.
BSS & Co (Accountancy Services) Ltd
75 Aston Road
Shifnal
Shropshire
TF11 8DU
Page 7