Company No: 03744427 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	9,238		10,655
Investments	4	1		500
		9,239		11,155
Current assets
Debtors	5	60,703		65,272
Cash at bank and in hand		79,805		92,187
		140,508		157,459
Creditors: amounts falling due within one year	6	( 124,343)		( 110,043)
Net current assets		16,165		47,416
Total assets less current liabilities		25,404		58,571
Creditors: amounts falling due after more than one year	7	( 23,302)		( 30,748)
Provision for liabilities	8	( 2,072)		( 2,664)
Net assets		30		25,159
Capital and reserves
Called-up share capital		154		154
Share premium account		34,768		34,768
Profit and loss account		( 34,892 )		( 9,763 )
Total shareholders' funds		30		25,159

For the financial year ending 31 July 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 Income Statement has not been delivered.

The financial statements of Zen Systems Ltd. (registered number: 03744427) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

A P Howard-Dobson Director

31 July 2026

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

Zen Systems Ltd. (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 Eldo House Kempson Way, Suffolk Business Park, Bury St Edmunds, IP32 7AR, 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 Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Income Statement 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 Statement of Financial Position 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.

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

25 % reducing balance

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 Income Statement 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 Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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 Statement of Financial Position 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		5

3. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 August 2024	33,031		33,031
Additions	1,349		1,349
At 31 July 2025	34,380		34,380
Accumulated depreciation
At 01 August 2024	22,376		22,376
Charge for the financial year	2,766		2,766
At 31 July 2025	25,142		25,142
Net book value
At 31 July 2025	9,238		9,238
At 31 July 2024	10,655		10,655
Leased assets included above:
Net book value
At 31 July 2025	1,750		1,750
At 31 July 2024	2,334		2,334

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 August 2024	500		500
At 31 July 2025	500		500
Provisions for impairment
At 01 August 2024	0		0
Impairment	499		499
At 31 July 2025	499		499
Carrying value at 31 July 2025	1		1
Carrying value at 31 July 2024	500		500

5. Debtors

	2025		2024
	£		£
Trade debtors	56,430		65,272
Amounts owed by related parties	1,168		0
Other debtors	3,105		0
	60,703		65,272

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	6,030		5,556
Trade creditors	38,620		38,329
Amounts owed to related parties	865		0
Taxation and social security	70,363		57,691
Obligations under finance leases and hire purchase contracts (secured)	958		958
Other creditors	7,507		7,509
	124,343		110,043

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	23,142		29,631
Obligations under finance leases and hire purchase contracts (secured)	160		1,117
	23,302		30,748

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans	0		7,871

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 2,664)		( 2,409)
Credited/(charged) to the Income Statement	592		( 255)
At the end of financial year	( 2,072)		( 2,664)

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
Within one year	6,684		0
Between one and five years	8,355		0
Total future minimum lease payments under non-cancellable operating leases	15,039		0

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,674 (2024 - £1,175). Contributions totalling £571 (2024- nil) were payable to the fund at the balance sheet date and are included in creditors.