Registration number: 02596583

Zenith Global Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 8

Zenith Global Limited

(Registration number: 02596583)
Balance Sheet as at 30 June 2025

	Note	30 June 2025 £		31 December 2023 £
Fixed assets
Tangible assets	5	-		3,068
Current assets
Stocks	6	-		4,928
Debtors	7	50,949		166,924
Cash at bank and in hand		6,740		47,671
		57,689		219,523
Creditors: Amounts falling due within one year	8	(5,049)		(115,790)
Net current assets		52,640		103,733
Net assets		52,640		106,801
Capital and reserves
Called up share capital		25,176		25,176
Share premium reserve		18,914		18,914
Capital redemption reserve		10,526		10,526
Retained earnings		(1,976)		52,185
Shareholders' funds		52,640		106,801

For the financial period ending 30 June 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 accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 April 2026 and signed on its behalf by:
 

R Hall Director

Zenith Global Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 Kingsmead Square
Bath
BA1 2AB

These financial statements were authorised for issue by the Board on 21 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Disclosure of long or short period

These financial statements cover the 18-month period from 1 January 2024 to 30 June 2025, reflecting an extension of the reporting period. The comparative figures relate to the 12-month period from 1 January 2022 to 31 December 2023.

Going concern

During the period, the directors made the decision to cease trading in this company and transfer the trade and assets to FoodBev Media Limited. In the next period, the directors intend to make this company dormant and subsequently strike it off. As such, these financial statements have not been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Zenith Global Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 June 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	33% straight line
Furniture, fittings and equipment	20% straight line
Office equipment	33% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Trademarks, patents and licences	Straight line over its useful economic life of 117 months
Goodwill	20% straight line

Zenith Global Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 June 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Zenith Global Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 June 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period was 6 (2023 - 9).

4	Intangible assets

	Goodwill  £	Trademarks, patents and licences  £		Total £
Cost or valuation
At 1 January 2024	164,203	203,195		367,398
Disposals	(164,203)	(203,195)		(367,398)
At 30 June 2025	-	-		-
Amortisation
At 1 January 2024	164,203	203,195		367,398
Amortisation eliminated on disposals	(164,203)	(203,195)		(367,398)
At 30 June 2025	-	-		-
Carrying amount
At 30 June 2025	-	-		-

Zenith Global Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 June 2025

5	Tangible assets

	Furniture, fittings and equipment £	Plant and machinery £	Office equipment £		Total £
Cost or valuation
At 1 January 2024	149,621	86,105	618,721		854,447
Additions	-	-	650		650
Disposals	(149,621)	(86,105)	(619,371)		(855,097)
At 30 June 2025	-	-	-		-
Depreciation
At 1 January 2024	149,621	86,105	615,653		851,379
Charge for the period	-	-	3,539		3,539
Eliminated on disposal	(149,621)	(86,105)	(619,192)		(854,918)
At 30 June 2025	-	-	-		-
Carrying amount
At 30 June 2025	-	-	-		-
At 31 December 2023	-	-	3,068		3,068

6

Stocks

	30 June 2025 £		31 December 2023 £
Work in progress	-		4,928

7

Debtors

	Note	30 June 2025 £		31 December 2023 £
Trade debtors		-		30,798
Amounts owed by related parties	11	47,550		-
Other debtors		3,399		32,553
Prepayments		-		47,561
Deferred tax assets		-		56,012
		50,949		166,924

Zenith Global Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 June 2025

8

Creditors

Due within one year	Note	30 June 2025 £		31 December 2023 £
Loans and borrowings	9	434		-
Trade creditors		-		39,401
Amounts due to related parties		736		2,432
Social security and other taxes		-		5,794
Other creditors		879		28,738
Accruals		3,000		39,425
		5,049		115,790