ZHERO LIMITED


Director	Izak Johannes Oosthuizen


Company Secretary	Izak Johannes Oosthuizen


Registered Address	162 Farringdon Road
	London
	EC1R 3AS


Registered Number	06701386 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.

	Tangible fixed assets and depreciation
	Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Tangible fixed assets and depreciation

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:


		Straight line (years)
	Plant and machinery	3
	Fixtures and fittings	3
	Vehicles	5
	Office Equipment	3

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		7

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	236,561	236,561
At 31 March 25	236,561	236,561
Amortisation and impairment
At 01 April 24	236,561	236,561
At 31 March 25	236,561	236,561
Net book value
At 31 March 25	-	-
At 31 March 24	-	-

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	54,705	232,000	30,485	90,357	407,547
Additions	-	6,250	-	1,879	8,129
Disposals	-	-	-	(167)	(167)
At 31 March 25	54,705	238,250	30,485	92,069	415,509
Depreciation and impairment
At 01 April 24	43,291	15,467	29,436	77,480	165,674
Charge for year	11,414	46,920	1,049	10,630	70,013
At 31 March 25	54,705	62,387	30,485	88,110	235,687
Net book value
At 31 March 25	-	175,863	-	3,959	179,822
At 31 March 24	11,414	216,533	1,049	12,877	241,873

5.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 24	226,038	226,038
At 31 March 25	226,038	226,038
Net book value
At 31 March 25	226,038	226,038
At 31 March 24	226,038	226,038

	Notes
	¹Investments in group undertakings and participating interests

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	415,733	369,721
Amounts owed by associates and joint ventures / participating interests	288,410	-
Other debtors	69,270	66,094
Prepayments and accrued income	66,158	85,542
Total	839,571	521,357

7.	Debtors: amounts due after one year

	2025	2024
	£	£
Amounts owed by associates and joint ventures / participating interests	181,552	354,511
Other debtors	1,800	-
Total	183,352	354,511

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	191,857	162,421
Bank borrowings and overdrafts	125,866	138,976
Amounts owed to related parties	72,808	94,151
Taxation and social security	192,226	147,050
Finance lease and HP contracts	40,477	40,477
Other creditors	56,946	150,683
Accrued liabilities and deferred income	192,149	188,261
Total	872,329	922,019

9.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	287,760	131,158
Other creditors	184,581	240,122
Total	472,341	371,280

10.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	225,057		265,534

11.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	2,797	2,797
Total	2,797	2,797

12.	Directors advances, credits and guarantees
	At the balance sheet date, the company owed £21,298 (2024: £82,985) to the director Mr I Oosthuizen

13.	Related party transactions
	Zhero CC is a company incorporated in the Republic of South Africa, that is under common control. During the year the company acquired services from Zhero CC amounting to £682,629 (2024: £626,377). At the balance sheet date, the amount due from Zhero CC was £181,552 (2024: £354,511). Zhero Limited owns 100% shares in Wem Technology Limited and Stabilys Limited, which are incorporated in England & Wales. The amounts payable to them at the balance sheet date are £23,798 (2024: £33,067) and £49,009 (2024: 61,117) respectively. Services amounting to £525 were received from WEM Technology Limited during the year.

13.

Related party transactions

Zhero CC is a company incorporated in the Republic of South Africa, that is under common control. During the year the company acquired services from Zhero CC amounting to £682,629 (2024: £626,377). At the balance sheet date, the amount due from Zhero CC was £181,552 (2024: £354,511).

Zhero Limited owns 100% shares in Wem Technology Limited and Stabilys Limited, which are incorporated in England & Wales. The amounts payable to them at the balance sheet date are £23,798 (2024: £33,067) and £49,009 (2024: 61,117) respectively. Services amounting to £525 were received from WEM Technology Limited during the year.

14.	Further information regarding the company's financial position
	At the balance sheet date HSBC Bank Plc has a fixed and floating charge over all assets of the entity.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		179,822		241,873
Investments	5		226,038		226,038
			405,860		467,911
Current assets
Debtors	6,7	1,022,922		875,868
Cash at bank and on hand		98,352		36,468
		1,121,274		912,336
Creditors amounts falling due within one year	8	(872,329)		(922,019)
Net current assets (liabilities)			248,945		(9,683)
Total assets less current liabilities			654,805		458,228
Creditors amounts falling due after one year	9		(472,341)		(371,280)
Provisions for liabilities	11		(2,797)		(2,797)
Net assets			179,667		84,151
Capital and reserves
Called up share capital			100		100
Profit and loss account			179,567		84,051
Shareholders' funds			179,667		84,151