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Company No: 14490357 (England and Wales)

# ZEYRO LIMITED
(Formerly Englebert LTD)

### Unaudited Financial Statements
For the financial year ended 30 November 2025
Pages for filing with the registrar

ZEYRO LIMITED

## Unaudited Financial Statements

For the financial year ended 30 November 2025

Contents

ZEYRO LIMITED

## BALANCE SHEET

As at 30 November 2025
ZEYRO LIMITED

## BALANCE SHEET (continued)

As at 30 November 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 1,649 |  | 4,121
Tangible assets | 4 | 7,991 |  | 7,425
|  | 9,640 |  | 11,546
Current assets |  |  |  |
Debtors | 5 | 333,915 |  | 142,839
Cash at bank and in hand |  | 549,403 |  | 265,068
|  | 883,318 |  | 407,907
Creditors: amounts falling due within one year | 6 | ( 298,861) |  | ( 223,270)
Net current assets |  | 584,457 |  | 184,637
Total assets less current liabilities |  | 594,097 |  | 196,183
Provision for liabilities | 7 | ( 412) |  | ( 1,030)
Net assets |  | 593,685 |  | 195,153
Capital and reserves |  |  |  |
Called-up share capital |  | 88,000 |  | 88,000
Profit and loss account |  | 505,685 |  | 107,153
Total shareholders' funds |  | 593,685 |  | 195,153

For the financial year ending 30 November 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Zeyro Limited (registered number: 14490357) were approved and authorised for issue by the Board of Directors on 18 March 2026. They were signed on its behalf by:

Wayne Daniel Green Director |

ZEYRO LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2025
ZEYRO LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Zeyro Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 7 Gay Street, Bath, BA1 2PH, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets | 3 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment | 3 years straight line
Computer equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 6 |  | 6

#### 3. Intangible assets

| Other intangible assets |  | Total
| £ |  | £
Cost |  |  |
At 01 December 2024 | 7,417 |  | 7,417
At 30 November 2025 | 7,417 |  | 7,417
Accumulated amortisation |  |  |
At 01 December 2024 | 3,296 |  | 3,296
Charge for the financial year | 2,472 |  | 2,472
At 30 November 2025 | 5,768 |  | 5,768
Net book value |  |  |
At 30 November 2025 | 1,649 |  | 1,649
At 30 November 2024 | 4,121 |  | 4,121

#### 4. Tangible assets

| Office equipment |  | Computer equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 December 2024 | 5,109 |  | 3,042 |  | 8,151
Additions | 3,473 |  | 2,385 |  | 5,858
Disposals | ( 2,084) |  | 0 |  | ( 2,084)
At 30 November 2025 | 6,498 |  | 5,427 |  | 11,925
Accumulated depreciation |  |  |  |  |
At 01 December 2024 | 286 |  | 440 |  | 726
Charge for the financial year | 1,887 |  | 1,553 |  | 3,440
Disposals | ( 232) |  | 0 |  | ( 232)
At 30 November 2025 | 1,941 |  | 1,993 |  | 3,934
Net book value |  |  |  |  |
At 30 November 2025 | 4,557 |  | 3,434 |  | 7,991
At 30 November 2024 | 4,823 |  | 2,602 |  | 7,425

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 98,059 |  | 103,932
Other debtors | 235,856 |  | 38,907
| 333,915 |  | 142,839

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 23,497 |  | 22,743
Amounts owed to Group undertakings | 1,362 |  | 0
Taxation and social security | 163,285 |  | 123,920
Other creditors | 110,717 |  | 76,607
| 298,861 |  | 223,270

#### 7. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 412 |  | 1,030

#### 8. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 19,850 |  | 35,772

#### 9. Ultimate controlling party

Parent Company:

The Underscore Collective Limited
7 Gay Street, Bath.