REGISTERED NUMBER: 11018112 (England and Wales)

ZORAN NEWCO LIMITED

FORMERLY KNOWN AS

LATHAMS HARDWARE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Latham

Mrs G Latham

REGISTERED OFFICE:

35-37 Hainge Road

Tivdale

Oldbury

B69 2NY

REGISTERED NUMBER:

11018112 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

FIXED ASSETS

Tangible assets

4

-

58,057

CURRENT ASSETS

Stocks

-

132,977

Debtors

5

432,462

261,469

Cash at bank and in hand

83,988

67,629

516,450

462,075

CREDITORS

Amounts falling due within one year

6

427,218

450,782

NET CURRENT ASSETS

89,232

11,293

TOTAL ASSETS LESS CURRENT LIABILITIES

89,232

69,350

CREDITORS

Amounts falling due after more than one year

7

(25,463

)

(31,018

)

PROVISIONS FOR LIABILITIES

-

(7,954

)

NET ASSETS

63,769

30,378

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

63,669

30,278

SHAREHOLDERS' FUNDS

63,769

30,378

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 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

A J Latham - Director

1.	STATUTORY INFORMATION

Zoran Newco Limited Formerly known as Lathams Hardware 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.

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.

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

-

25% on reducing balance

Motor vehicles

-

33% 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 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 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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2024

1,621

61,000

62,621

Disposals

(1,621

)

(61,000

)

(62,621

)

At 31 March 2025

-

-

-

DEPRECIATION

At 1 April 2024

1,175

3,389

4,564

Eliminated on disposal

(1,175

)

(3,389

)

(4,564

)

At 31 March 2025

-

-

-

NET BOOK VALUE

At 31 March 2025

-

-

-

At 31 March 2024

446

57,611

58,057

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

466

61,410

Amounts owed by group undertakings

347,610

-

Directors' current accounts

82,893

-

Prepayments

1,493

200,059

432,462

261,469

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,556

5,556

Trade creditors

7,004

48,430

Amounts owed to group undertakings

345,532

-

Tax

19,009

35,425

Social security and other taxes

48,137

32,752

Other creditors

1,980

328,619

427,218

450,782

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

5,556

5,556

Bank loans - 2-5 years

16,667

16,667

Bank loans more 5 yr by instal

3,240

8,795

25,463

31,018

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,240

8,795

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

New Ordinary

1

100

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in debtors at the year end are balances owed by the directors - Mr A Latham - £59,369 and Mrs G Latham - £23,524. These balances was subsequently repaid after the year end.

10.	RELATED PARTY DISCLOSURES

During the year the trade, stock and tangible assets were transferred to a related party Lathams Security Doorsets Limited 100% owned by Alex Latham, director and shareholder.