Ziztel Limited - Limited company accounts 25.1

REGISTERED NUMBER: 07197681 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ZIZTEL LIMITED

Page

Company Information

1

Report of the Directors

2

Consolidated Statement of Income and Retained Earnings

3

Consolidated Balance Sheet

4

Company Balance Sheet

6

Notes to the Consolidated Financial Statements

8

DIRECTORS:

N E Cumberland

N J Dickens

J C Blach

REGISTERED OFFICE:

96 Rolleston Drive

Arnold

Nottingham

Nottinghamshire

NG5 7JP

REGISTERED NUMBER:

07197681 (England and Wales)

ACCOUNTANTS:

Lemans

Chartered Certified Accountants

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2025.

REVIEW OF BUSINESS

Ziztel Limited is a privately owned company, wholly owned by its employed management team, whose members have a vested interest in the long-term success of the business. The Company has been trading for 15 years and has experienced significant growth in both headcount and turnover over the past three to five years. This growth has been driven by the successful acquisition and delivery of several substantial contracts with large customers, including major operators.

During 2024, the Company continued to expand its presence in a number of key sectors, including Renewables, UK military and Ministry of Defence related activities. Ziztel Limited continues to reinvest a significant proportion of its profits into research and development in order to advance and innovate its product range. All products are developed in-house and are financed internally. External debt continues to be repaid in line with agreed schedules and is expected to be fully settled by March 2026. Short-term liabilities are actively managed, enabling the Company to maintain strong and reliable relationships with its suppliers. Activity within the oil and gas sector has also increased, and current projections indicate that the Company will continue to grow at a healthy pace over the coming months and years.

The transition to accrual accounting, implemented two years ago, remains appropriate for the business, as it provides a more accurate reflection of the Company's current trading position in an environment where project timelines can extend.

The Company has continued to invest in inventory to support efficient delivery of production targets and to mitigate potential delays in the supply of key components. Management is confident that this investment provides a strong foundation to support the anticipated growth in the coming years.

At the time of writing, midway through the 2025/26 financial year, the Company has a strong and growing order book, with confirmed orders in excess of £9 million covering approximately the next eight months. The realistic sales target for the year is £11.5 million, representing an increase of approximately 30% compared with the current year. In October 2025, the Company relocated to a single, larger manufacturing facility in Nottingham, consolidating operations previously based across two premises in Arnold. This new facility provides capacity for future growth and expansion, and enables customers to view the Company's full product range and operations under one roof.

The Directors remain confident in the Group's prospects and in its continued growth for the foreseeable future.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

N E Cumberland

N J Dickens

J C Blach

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

N J Dickens - Director

22 December 2025

TURNOVER

12,252,716

6,963,430

Cost of sales

8,622,535

4,520,756

GROSS PROFIT

3,630,181

2,442,674

Administrative expenses

1,974,279

1,555,581

1,655,902

887,093

Other operating income

-

20,000

OPERATING PROFIT

4

1,655,902

907,093

Interest receivable and similar income

1,041

77

1,656,943

907,170

Interest payable and similar expenses

58,092

79,908

PROFIT BEFORE TAXATION

1,598,851

827,262

Tax on profit

217,455

188,006

PROFIT FOR THE FINANCIAL YEAR

1,381,396

639,256

Retained earnings at beginning of year

912,761

317,123

Dividends

(231,805

)

(43,618

)

RETAINED EARNINGS FOR THE
GROUP AT END OF YEAR

2,062,352

912,761

Profit attributable to:

Owners of the parent

1,381,396

639,256

FIXED ASSETS

Intangible assets

6

762,428

823,013

Tangible assets

7

38,772

39,065

Investments

8

-

801,200

862,078

CURRENT ASSETS

Stocks

693,987

1,102,980

Debtors

9

3,445,376

2,390,630

Cash at bank and in hand

233,900

139,750

4,373,263

3,633,360

CREDITORS

Amounts falling due within one year

10

3,104,334

3,281,369

NET CURRENT ASSETS

1,268,929

351,991

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,070,129

1,214,069

CREDITORS

Amounts falling due after more than one
year

11

7,576

301,107

NET ASSETS

2,062,553

912,962

CAPITAL AND RESERVES

Called up share capital

12

201

Retained earnings

2,062,352

912,761

SHAREHOLDERS' FUNDS

2,062,553

912,962

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

N J Dickens - Director

FIXED ASSETS

Intangible assets

6

35,303

10,345

Tangible assets

7

38,772

39,065

Investments

8

100

74,175

49,510

CURRENT ASSETS

Stocks

595,303

341,720

Debtors

9

3,216,621

3,437,252

Cash at bank and in hand

233,889

139,750

4,045,813

3,918,722

CREDITORS

Amounts falling due within one year

10

2,704,383

2,930,254

NET CURRENT ASSETS

1,341,430

988,468

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,415,605

1,037,978

CREDITORS

Amounts falling due after more than one
year

11

7,576

301,107

NET ASSETS

1,408,029

736,871

CAPITAL AND RESERVES

Called up share capital

12

201

Retained earnings

1,407,828

736,670

SHAREHOLDERS' FUNDS

1,408,029

736,871

Company's profit for the financial year

902,963

463,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

N J Dickens - Director

1.	STATUTORY INFORMATION

Ziztel 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 General 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

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.

Intellectual Property Rights are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Improvements to property

-

Over lease term : straight line basis

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group'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 48 (2024 - 40 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

Depreciation - owned assets

16,379

12,888

Goodwill amortisation

85,543

42,766

Intellectual Property Rights amortisation

8,213

5,173

5.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.

6.	INTANGIBLE FIXED ASSETS

Group

Intellectual

Property

Goodwill

Rights

Totals

£

COST

At 1 April 2024

855,434

51,725

907,159

Additions

-

33,171

At 31 March 2025

855,434

84,896

940,330

AMORTISATION

At 1 April 2024

42,766

41,380

84,146

Amortisation for year

85,543

8,213

93,756

At 31 March 2025

128,309

49,593

177,902

NET BOOK VALUE

At 31 March 2025

727,125

35,303

762,428

At 31 March 2024

812,668

10,345

823,013

Company

Intellectual

Property

Rights

£

COST

At 1 April 2024

51,725

Additions

33,171

At 31 March 2025

84,896

AMORTISATION

At 1 April 2024

41,380

Amortisation for year

8,213

At 31 March 2025

49,593

NET BOOK VALUE

At 31 March 2025

35,303

At 31 March 2024

10,345

7.	TANGIBLE FIXED ASSETS

Group

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

COST

At 1 April 2024

56,305

31,554

106,194

194,053

Additions

300

3,934

11,852

16,086

At 31 March 2025

56,605

35,488

118,046

210,139

DEPRECIATION

At 1 April 2024

46,178

17,957

90,853

154,988

Charge for year

3,007

4,423

8,949

16,379

At 31 March 2025

49,185

22,380

99,802

171,367

NET BOOK VALUE

At 31 March 2025

7,420

13,108

18,244

38,772

At 31 March 2024

10,127

13,597

15,341

39,065

Company

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

COST

At 1 April 2024

56,305

31,554

105,496

193,355

Additions

300

3,934

11,852

16,086

At 31 March 2025

56,605

35,488

117,348

209,441

DEPRECIATION

At 1 April 2024

46,178

17,957

90,155

154,290

Charge for year

3,007

4,423

8,949

16,379

At 31 March 2025

49,185

22,380

99,104

170,669

NET BOOK VALUE

At 31 March 2025

7,420

13,108

18,244

38,772

At 31 March 2024

10,127

13,597

15,341

39,065

8.	FIXED ASSET INVESTMENTS

Company

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Zizcam Limited

Registered office: United Kingdom

Nature of business: Specialist video systems

%

Class of shares:

holding

Ordinary A to F £0.10

100.00

31.3.25

31.3.24

£

Aggregate capital and reserves

(72,502

)

(636,477

)

Profit for the year

563,975

85,605

On the 21 September 2023 Zizcam Limited became a wholly owned subsidiary of Ziztel Limited.

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

31.3.25

31.3.24

31.3.25

31.3.24

£

Trade debtors

1,674,001

1,740,158

1,674,001

1,740,158

Amounts owed by group undertakings

-

852,781

1,308,795

Other debtors

134,784

132,303

33,069

119,979

Deferred tax asset

249,078

437,020

198,641

198,568

Prepayments

1,387,513

81,149

458,129

69,752

3,445,376

2,390,630

3,216,621

3,437,252

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

31.3.25

31.3.24

31.3.25

31.3.24

£

Bank loans and overdrafts

293,531

327,092

293,531

327,102

Other loans

-

35,304

-

Trade creditors

1,735,739

1,323,612

1,735,310

1,236,512

Corporation tax

29,528

15

29,528

15

Social security and other taxes

71,007

34,502

71,007

34,502

Other creditors

8,404

95,107

8,404

95,107

Accruals and deferred income

966,125

1,465,737

566,603

1,237,016

3,104,334

3,281,369

2,704,383

2,930,254

11.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group

Company

31.3.25

31.3.24

31.3.25

31.3.24

£

Bank loans

7,576

301,107

7,576

301,107

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number

Class

Nominal

31.03.25

31.03.24

Value

£

1

Ordinary

£1.00

1

350

Ordinary A

£0.10

35

300

Ordinary B

£0.10

30

100

Ordinary C

£0.10

10

25

Ordinary D

£0.10

2.5

100

Ordinary E

£0.10

10

25

Ordinary G

£0.10

2.5

100

Ordinary H

£0.10

10

1,000

Ordinary K

£0.10

100

201

On the 21 September 2023 Ziztel Limited acquired 100% of the 1,000 10p Ordinary shares in Zizcam Limited by way of a share for share exchange for 1,000 10p Ordinary K shares.