Zero Motorcycles UK Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11901366

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		20,932		33,013

			20,932		33,013
CURRENT ASSETS
Stocks	5	89,309		89,309
Debtors	6	579,300		104,993
Cash at bank and in hand		109,818		48,940

		778,427		243,242
Creditors: Amounts Falling Due Within One Year	7	(865,738 )		(368,922 )

NET CURRENT ASSETS (LIABILITIES)			(87,311 )		(125,680 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(66,379 )		(92,667 )

NET LIABILITIES			(66,379 )		(92,667 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(66,380 )		(92,668 )

SHAREHOLDERS' FUNDS			(66,379)		(92,667)

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Zero Motorcycles UK Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their 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.

On behalf of the board

Mr Umberto Uccelli

Director

30/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Zero Motorcycles UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11901366 . The registered office is Office Hub, Admirals Park, Crossways, Dartford, Kent, DA2 6QD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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.

2.2. 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.

2.3. 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:

Plant & Machinery	25% SL
Motor Vehicles	20% SL

2.4. 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.

2.5. 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.

2.6. 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 years 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.

...CONTINUED

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Zero Motorcycles UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation - continued

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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

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

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 January 2024	9,000	49,122	58,122

As at 31 December 2024	9,000	49,122	58,122

Depreciation
As at 1 January 2024	6,508	18,601	25,109
Provided during the period	2,302	9,779	12,081

As at 31 December 2024	8,810	28,380	37,190

Net Book Value
As at 31 December 2024	190	20,742	20,932

As at 1 January 2024	2,492	30,521	33,013

5. Stocks

	2024	2023
	£	£
Stock	89,309	89,309

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	531,211	62,583
Prepayments and accrued income	29,349	-
Other debtors	786	-
Deferred tax current asset	14,488	-
VAT	-	42,410
Other taxes and social security	3,466	-

	579,300	104,993

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Zero Motorcycles UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	2,090,511	845,976
Bank loans and overdrafts	132	-
Corporation tax	150	-
Other taxes and social security	-	2,758
VAT	37,939	-
Net wages payables	11,785	-
Accruals and deferred income	10,319	14,450
Amounts owed to associates	(1,285,098 )	(494,262 )

	865,738	368,922

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

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