REGISTERED NUMBER: 07062049 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2024

for

ZYBER CONSTRUCTION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

F Zyberaj

N Zyberaj

Secretary:

F Zyberaj

Registered office:

104 Harrow Road

Wembley

Middlesex

HA9 6PN

Registered number:

07062049 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

86,888

114,441

Investment property

5

313,050

313,050

399,938

427,491

Current assets

Debtors

6

7,115,875

6,159,514

Cash at bank and in hand

1,036,534

453,603

8,152,409

6,613,117

Creditors

Amounts falling due within one year

7

2,159,562

1,131,216

Net current assets

5,992,847

5,481,901

Total assets less current liabilities

6,392,785

5,909,392

Creditors

Amounts falling due after more than one year

8

(223,095

)

(219,595

)

Provisions for liabilities

10

(16,304

)

(22,846

)

Net assets

6,153,386

5,666,951

Capital and reserves

Called up share capital

11

2

2

Retained earnings

6,153,384

5,666,949

Shareholders' funds

6,153,386

5,666,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

F Zyberaj - Director

1.	Statutory information

Zyber Construction Ltd 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.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

3.	Employees and directors

The average number of employees during the year was 8 (2023 - 10 ) .

4.	Tangible fixed assets

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 November 2023

256,842

52,720

309,562

Additions

31,381

4,912

36,293

At 31 October 2024

288,223

57,632

345,855

Depreciation

At 1 November 2023

156,724

38,397

195,121

Charge for year

55,789

8,057

63,846

At 31 October 2024

212,513

46,454

258,967

Net book value

At 31 October 2024

75,710

11,178

86,888

At 31 October 2023

100,118

14,323

114,441

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 November 2023

192,411

Additions

31,381

At 31 October 2024

223,792

Depreciation

At 1 November 2023

93,863

Charge for year

54,379

At 31 October 2024

148,242

Net book value

At 31 October 2024

75,550

At 31 October 2023

98,548

5.	Investment property

Total

£

Fair value

At 1 November 2023

and 31 October 2024

313,050

Net book value

At 31 October 2024

313,050

At 31 October 2023

313,050

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

543,103

129,876

Amounts recoverable on contract

-

465,683

Other debtors

6,572,772

5,563,955

7,115,875

6,159,514

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

4,040

17,128

Hire purchase contracts

21,015

17,806

Trade creditors

816,968

644,285

Taxation and social security

339,342

281,434

Other creditors

978,197

170,563

2,159,562

1,131,216

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans

119,000

123,040

Hire purchase contracts

104,095

96,555

223,095

219,595

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

90,875

99,701

9.	Secured debts

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

123,040

125,883

Hire purchase contracts

125,110

114,361

248,150

240,244

10.	Provisions for liabilities

2024

2023

£

£

Deferred tax

Accelerated capital allowances

16,304

22,846

Deferred tax

£

Balance at 1 November 2023

22,846

Provided during year

(6,542

)

Accelerated capital allowances

Balance at 31 October 2024

16,304

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

1

2

2

12.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024

2023

£

£

F Zyberaj

Balance outstanding at start of year

-

60,265

Amounts advanced

22,966

-

Amounts repaid

(36,579

)

(60,265

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(13,613

)

-

Loans to the directors are interest-free, unsecured and repayable on demand.