REGISTERED NUMBER: 14204035 (England and Wales)

KZRE Ltd

Unaudited Financial Statements

for the period

1st July 2024 to 29th June 2025

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

7

Director:

L Johnston

Registered office:

7 The Croft

East Ord

Berwick Upon Tweed

Northumberland

TD15 2NB

Registered number:

14204035 (England and Wales)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

26,139

31,154

Current assets

Debtors

5

30,810

16,855

Cash at bank

596

6,528

31,406

23,383

Creditors

Amounts falling due within one year

6

32,925

22,933

Net current (liabilities)/assets

(1,519

)

450

Total assets less current liabilities

24,620

31,604

Creditors

Amounts falling due after more than one year

7

(16,998

)

(23,281

)

Provisions for liabilities

(6,012

)

(5,919

)

Net assets

1,610

2,404

Capital and reserves

Called up share capital

100

100

Retained earnings

1,510

2,304

Shareholders' funds

1,610

2,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29th June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 29th June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22nd May 2026 and were signed by:

L Johnston - Director

1.	Statutory information

KZRE Ltd 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 represents the total invoice value, excluding value added tax, of work invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments

The following assets and liabilities are classified as financial instruments - accruals, hire purchase contracts and directors' loans.

Hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Accruals and directors' loans (being repayable on demand) and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation

Taxation for the period 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 period 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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Hire purchase and leasing commitments

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership of the leased asset to the company. All other leases are classified as operating leases.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Going concern

The director has considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the period was 1 (2024 - 1 ) .

4.	Tangible fixed assets

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1st July 2024

-

36,727

-

36,727

Additions

2,100

-

735

2,835

At 29th June 2025

2,100

36,727

735

39,562

Depreciation

At 1st July 2024

-

5,573

-

5,573

Charge for period

45

7,789

16

7,850

At 29th June 2025

45

13,362

16

13,423

Net book value

At 29th June 2025

2,055

23,365

719

26,139

At 30th June 2024

-

31,154

-

31,154

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Amounts owed by associates

30,810

-

Other debtors

-

16,855

30,810

16,855

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Hire purchase contracts

6,283

5,381

Trade creditors

-

96

Taxation and social security

10,549

8,456

Other creditors

16,093

9,000

32,925

22,933

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Hire purchase contracts

16,998

23,281

8.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

23,281

28,662

Hire purchase contracts are secured against the assets to which they relate.

9.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the period ended 29th June 2025 and the year ended 30th June 2024:

2025

2024

£

£

L Johnston

Balance outstanding at start of period

16,855

4,215

Amounts advanced

-

61,863

Amounts repaid

(16,855

)

(49,223

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

16,855

This loan is unsecured, repayable on demand and interest has been charged at the official rates published by HMRC.