ZeroTime Audio Limited 10663520 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is that of a parent holding company. Digita Accounts Production Advanced 6.30.9574.0 true false 10663520 2024-02-01 2025-01-31 10663520 2025-01-31 10663520 core:ShareCapital 2025-01-31 10663520 core:CurrentFinancialInstruments 2025-01-31 10663520 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 10663520 core:CostValuation 2025-01-31 10663520 bus:SmallEntities 2024-02-01 2025-01-31 10663520 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 10663520 bus:FilletedAccounts 2024-02-01 2025-01-31 10663520 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 10663520 bus:RegisteredOffice 2024-02-01 2025-01-31 10663520 bus:Director1 2024-02-01 2025-01-31 10663520 bus:Director2 2024-02-01 2025-01-31 10663520 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 10663520 countries:AllCountries 2024-02-01 2025-01-31 10663520 core:CostValuation 2024-01-31 10663520 2023-02-01 2024-01-31 10663520 2024-01-31 10663520 core:ShareCapital 2024-01-31 10663520 core:CurrentFinancialInstruments 2024-01-31 10663520 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 iso4217:GBP xbrli:pure

Registration number: 10663520

ZeroTime Audio Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2025

ZeroTime Audio Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 5

ZeroTime Audio Limited

Company Information

Directors | Ms Z M R Mckie Mr A J Mckie

Registered office | 1 Colleton Crescent Exeter Devon EX2 4DG

Accountants | Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG

ZeroTime Audio Limited

(Registration number: 10663520)
Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investments | 4 | 100 | 100
Current assets |  |  |
Debtors | 5 | 144 | 144
Creditors: Amounts falling due within one year | 6 | (100) | (100)
Net current assets |  | 44 | 44
Net assets |  | 144 | 144
Capital and reserves |  |  |
Called up share capital |  | 144 | 144
Shareholders' funds |  | 144 | 144

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 October 2025 and signed on its behalf by:

......................................... Ms Z M R Mckie Director

ZeroTime Audio Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
1 Colleton Crescent
Exeter
Devon
EX2 4DG

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

ZeroTime Audio Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 100 | 100

Subsidiaries | £
Cost or valuation
At 1 February 2024 | 100
At 31 January 2025 | 100
Carrying amount
At 31 January 2025 | 100
At 31 January 2024 | 100

ZeroTime Audio Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 144 | 144
Total current trade and other debtors | 144 | 144

6 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 100 | 100