REGISTERED NUMBER: 11961563 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Zing Dev Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A C Ardron

J R J Hucker

T O Purkis

P N Young

SECRETARY:

L M Ellera

REGISTERED OFFICE:

1 Minster Court

Tuscam Way

Camberley

Surrey

GU15 3YY

REGISTERED NUMBER:

11961563 (England and Wales)

SENIOR STATUTORY AUDITOR:

Susan Ambrose FCCA FCA

AUDITORS:

Butt Miller

Chartered Accountants and Statutory Auditor

1 Minster Court

Tuscam Way

Camberley

Surrey

GU15 3YY

FIXED ASSETS

Intangible assets

4

29,467

-

Tangible assets

5

6,878

13,158

36,345

13,158

CURRENT ASSETS

Debtors

6

352,061

384,374

Cash at bank

563,000

17,832

915,061

402,206

CREDITORS

Amounts falling due within one year

7

(1,090,778

)

(237,355

)

NET CURRENT (LIABILITIES)/ASSETS

(175,717

)

164,851

TOTAL ASSETS LESS CURRENT LIABILITIES

(139,372

)

178,009

CREDITORS

Amounts falling due after more than one year

8

(769,462

)

(369,980

)

NET LIABILITIES

(908,834

)

(191,971

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(908,934

)

(192,071

)

SHAREHOLDERS' FUNDS

(908,834

)

(191,971

)

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 30 September 2025 and were signed on its behalf by:

J R J Hucker - Director

1.	STATUTORY INFORMATION

Zing Dev 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Deferred income arises from the allocation of invoiced amounts over the period to which they relate.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

Intangible assets are being amortised evenly over their useful lives of 2 to 4 years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

50% on cost

Financial instruments

Short term instruments i.e. those due in less than one year, are measured at transaction price. Other financial instruments, which are not subject to a market rate of interest, are measured initially at fair value and are measured subsequently at amortised cost using the effective interest rate method.

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.

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.

Pension costs

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate.

Operating leases

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Going concern

The directors have reviewed the results of the company and its position at the year end. The company's current business plan includes significant forecasted sales growth which is expected to lead to the company generating positive operating cash flows. During the year the directors secured additional funding and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

31,151

At 31 December 2024

31,151

AMORTISATION

Charge for year

1,684

At 31 December 2024

1,684

NET BOOK VALUE

At 31 December 2024

29,467

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

-

41,878

41,878

Additions

1,178

3,234

4,412

Disposals

-

(993

)

(993

)

At 31 December 2024

1,178

44,119

45,297

DEPRECIATION

At 1 January 2024

-

28,720

28,720

Charge for year

157

10,535

10,692

Eliminated on disposal

-

(993

)

(993

)

At 31 December 2024

157

38,262

38,419

NET BOOK VALUE

At 31 December 2024

1,021

5,857

6,878

At 31 December 2023

-

13,158

13,158

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

139,747

285,617

Other debtors

17,351

12,373

Tax

42,412

-

Prepayments and accrued income

152,551

86,384

352,061

384,374

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

22,459

15,284

Trade creditors

10,604

70,079

Amounts owed to group undertakings

804,792

-

Social security and other taxes

41,644

55,475

VAT

17,650

9,366

Other creditors

16,938

4,706

Accruals and deferred income

176,691

82,445

1,090,778

237,355

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Debentures - 2-5 years

769,462

369,980

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

100,203

88,101

Between one and five years

4,340

9,631

104,543

97,732

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Debentures

749,482

350,000

Maven Capital Partners UK LLP lodged a fixed and floating charge over all the property and undertakings of the company.

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

The Report of the Auditors was unqualified.

Susan Ambrose FCCA FCA (Senior Statutory Auditor)

for and on behalf of Butt Miller