Zeal Tech Ltd

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—5

1. General Information

Zeal Tech Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13779468 . The registered office is 3rd Floor 26 Throgmorton Street, London, EC2N 2AN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements are prepared 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. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

The principle accounting policies adopted are set below.

2.2. Going Concern Disclosure

The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts, value added taxes and other sales taxes.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

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

Intangible assets include software which is being amortised evenly over its' estimated useful life of three years.

2.5. Tangible Fixed Assets and Depreciation

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

Fixtures & Fittings	25% Straight line
Computer Equipment	25% Straight line

Tangible assets are initially recorded at cost and subsequently stated at cost less accumulated depreciation and impairment losses.

2.6. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

2.8. Taxation

Taxation for the year comprises current 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 liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the year when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

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Zeal Tech Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

2.10. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.11. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.12. Critical Accounting Judgements And Key Sources of Estimation Uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the year in which the estimates are revised.

The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Accrued Expenditure

The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the year end.

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Zeal Tech Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 27 (2023: 33)

4. Intangible Assets

	Software
	£
Cost
As at 1 January 2024	-
Additions	65,950

As at 31 December 2024	65,950

Net Book Value
As at 31 December 2024	65,950

As at 1 January 2024	-

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	10,637	86,709	97,346
Additions	1,213	6,969	8,182

As at 31 December 2024	11,850	93,678	105,528

Depreciation
As at 1 January 2024	5,165	31,589	36,754
Provided during the period	2,962	21,799	24,761

As at 31 December 2024	8,127	53,388	61,515

Net Book Value
As at 31 December 2024	3,723	40,290	44,013

As at 1 January 2024	5,472	55,120	60,592

6. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	1,042,524	1,005,177

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	26,715	60
Other creditors	455,608	474,927
Taxation and social security	105,156	129,167

	587,479	604,154

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Zeal Tech Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

The nominal value per share is £1 and as at the year end there are 1,000 Ordinary shares in issue.

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	260,318	260,318
Later than one year and not later than five years	260,318	520,636

	520,636	780,954

10. Pension Commitments

The company operates a defined contribution pension scheme for directors and staff. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £9,284 were due to the fund. They are included in creditors and shown seperatly.

11. Related Party Transactions

As at the year-end, Zeal Capital Market (Seychelles) Ltd, a connected company, owed the company £296,352. This amount is a current asset, interest-free, and repayable on demand.

As at the year-end, Traze Securities L.L.C (Dubai), a connected company, owed the company £13,726. This amount is a current asset, interest-free, and repayable on demand.

As at the year-end, the company owed YCH Blue Digital Ltd, a connected company, £410,928. This amount is a current liability, interest-free, and repayable on demand.

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		65,950		-
Tangible Assets	5		44,013		60,592

			109,963		60,592
CURRENT ASSETS
Debtors	6	1,042,524		1,005,177
Cash at bank and in hand		47,532		98,010

		1,090,056		1,103,187
Creditors: Amounts Falling Due Within One Year	7	(587,479 )		(604,154 )

NET CURRENT ASSETS (LIABILITIES)			502,577		499,033

TOTAL ASSETS LESS CURRENT LIABILITIES			612,540		559,625

PROVISIONS FOR LIABILITIES
Deferred Taxation			(11,003 )		(14,251 )

NET ASSETS			601,537		545,374

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Income Statement			600,537		544,374

SHAREHOLDERS' FUNDS			601,537		545,374