Acorah Software Products - Accounts Production 19.3.600 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 11010715 Kero Limited Mr S Mayall Mr D J Keen Mr K D Lothian Mr D H Duguid Mr D J Baxter Mr A H Gilbert Brodies Secretarial Services Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11010715 2024-12-31 11010715 2025-12-31 11010715 2025-01-01 2025-12-31 11010715 frs-core:CurrentFinancialInstruments 2025-12-31 11010715 frs-core:Non-currentFinancialInstruments 2025-12-31 11010715 frs-core:ComputerEquipment 2025-12-31 11010715 frs-core:ComputerEquipment 2025-01-01 2025-12-31 11010715 frs-core:ComputerEquipment 2024-12-31 11010715 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-12-31 11010715 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-01-01 2025-12-31 11010715 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 11010715 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-12-31 11010715 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 11010715 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 11010715 frs-core:FurnitureFittings 2025-12-31 11010715 frs-core:FurnitureFittings 2025-01-01 2025-12-31 11010715 frs-core:FurnitureFittings 2024-12-31 11010715 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-12-31 11010715 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 11010715 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 11010715 frs-core:PlantMachinery 2025-12-31 11010715 frs-core:PlantMachinery 2025-01-01 2025-12-31 11010715 frs-core:PlantMachinery 2024-12-31 11010715 frs-core:CapitalRedemptionReserve 2025-12-31 11010715 frs-core:SharePremium 2025-12-31 11010715 frs-core:ShareCapital 2025-12-31 11010715 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 11010715 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 11010715 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 11010715 frs-bus:SmallEntities 2025-01-01 2025-12-31 11010715 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 11010715 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 11010715 frs-bus:Director1 2025-01-01 2025-12-31 11010715 frs-bus:Director2 2025-01-01 2025-12-31 11010715 frs-bus:Director3 2025-01-01 2025-12-31 11010715 frs-bus:Director4 2025-01-01 2025-12-31 11010715 frs-bus:Director5 2025-01-01 2025-12-31 11010715 frs-bus:Director6 2025-01-01 2025-12-31 11010715 frs-bus:Director7 2025-01-01 2025-12-31 11010715 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 11010715 frs-core:CurrentFinancialInstruments 1 2025-12-31 11010715 frs-countries:EnglandWales 2025-01-01 2025-12-31 11010715 2023-12-31 11010715 2024-12-31 11010715 2024-01-01 2024-12-31 11010715 frs-core:CurrentFinancialInstruments 2024-12-31 11010715 frs-core:Non-currentFinancialInstruments 2024-12-31 11010715 frs-core:CapitalRedemptionReserve 2024-12-31 11010715 frs-core:SharePremium 2024-12-31 11010715 frs-core:ShareCapital 2024-12-31 11010715 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11010715 frs-core:CurrentFinancialInstruments 1 2024-12-31
Registered number: 11010715
Zelim Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Zelim Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
Zelim Limited
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 11010715

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 147,797 |  | 144,299
Tangible Assets | 5 |  | 389,931 |  | 260,354
|  |  | 537,728 |  | 404,653
CURRENT ASSETS
Debtors | 6 | 1,308,269 |  | 630,667 |
Cash at bank and in hand |  | 1,757,845 |  | 3,323,400 |
|  | 3,066,114 |  | 3,954,067 |
Creditors: Amounts Falling Due Within One Year | 7 | (1,384,030 ) |  | (280,193 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,682,084 |  | 3,673,874
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,219,812 |  | 4,078,527
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (1,951,170 ) |  | (884,910 )
NET ASSETS |  |  | 268,642 |  | 3,193,617
CAPITAL AND RESERVES
Called up share capital | 9 |  | 577 |  | 577
Share premium account |  |  | 8,242,762 |  | 8,242,762
Capital redemption reserve |  |  | 18 |  | 18
Profit and Loss Account |  |  | (7,974,715 ) |  | (5,049,740 )
SHAREHOLDERS' FUNDS |  |  | 268,642 |  | 3,193,617

Page 1
Page 2
Zelim Limited
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr A H Gilbert Director
30 July 2026

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Zelim Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Zelim Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11010715 . The registered office is Garreg Lwyd, Llanrhaeadr, Denbigh, Denbighshire, LL16 4PW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have carried out an assessment of the going concern position of the company, including consideration of the company's net liability position. The directors have concluded that they have a reasonable expectation that the company has adequate access to resources to continue as a going concern for a period of at least 12 months from authorising these accounts. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are international patents. They are amortised to the profit and loss account over their estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | 2 years straight line
Plant & Machinery | 3 - 5 years straight line
Fixtures & Fittings | 3 years straight line
Computer Equipment | 3 years straight line

Page 3
Page 4
Zelim Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2024: 24)
35 24
4. Intangible Assets

| Website Development | Patents | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2025 | 6,159 | 175,284 | 181,443
Additions | - | 23,453 | 23,453
As at 31 December 2025 | 6,159 | 198,737 | 204,896
Amortisation
As at 1 January 2025 | 308 | 36,836 | 37,144
Provided during the period | 616 | 19,339 | 19,955
As at 31 December 2025 | 924 | 56,175 | 57,099
Net Book Value
As at 31 December 2025 | 5,235 | 142,562 | 147,797
As at 1 January 2025 | 5,851 | 138,448 | 144,299

Page 4
Page 5
Zelim Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
Page 5
Page 6
Zelim Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
5. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 January 2025 | 3,090 | 69,694 | 13,634 | 283,083 | 369,501
Additions | 4,514 | - | 2,402 | 305,957 | 312,873
As at 31 December 2025 | 7,604 | 69,694 | 16,036 | 589,040 | 682,374
Depreciation
As at 1 January 2025 | 386 | 40,159 | 5,231 | 63,371 | 109,147
Provided during the period | 2,172 | 11,032 | 4,324 | 165,768 | 183,296
As at 31 December 2025 | 2,558 | 51,191 | 9,555 | 229,139 | 292,443
Net Book Value
As at 31 December 2025 | 5,046 | 18,503 | 6,481 | 359,901 | 389,931
As at 1 January 2025 | 2,704 | 29,535 | 8,403 | 219,712 | 260,354

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | - |  | 10,249
Prepayments and accrued income | 1,209,640 |  | 497,644
Other debtors | 28,503 |  | 21,438
VAT | 34,168 |  | 93,283
Amounts owed by related parties | 35,958 |  | 8,053
| 1,308,269 |  | 630,667

Page 6
Page 7
Zelim Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 152,189 |  | 54,784
Other taxes and social security | 90,593 |  | 68,557
Other creditors | 7,681 |  | 6,215
Advanced subscriptions for shares | 1,010,465 |  | -
Accruals and deferred income | 123,102 |  | 150,637
| 1,384,030 |  | 280,193

Amounts received in advance of share subscriptions represent consideration received from investors in respect of shares not yet allotted at the balance sheet date. The directors intend to allot the relevant shares within 12 months of the year end. The amounts are unsecured, interest-free and repayable only in the event that the relevant allotment does not proceed.
8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other loans | 1,951,170 |  | 884,910

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 577 |  | 577

10. Related Party Transactions
Zelim LLCAs at 31 December 2025, the company was owed £35,957 (2024: £8,053) by Zelim LLC.

Zelim LLC

As at 31 December 2025, the company was owed £35,957 (2024: £8,053) by Zelim LLC.

I7V Renewables LimitedThe companies are related by virtue of a common director.In the year to 31 December 2025, payments of £5,000 (2024: £52,000) were made in relation to services provided by I7V Renewables Limited.

I7V Renewables Limited

The companies are related by virtue of a common director.

In the year to 31 December 2025, payments of £5,000 (2024: £52,000) were made in relation to services provided by I7V Renewables Limited.

Kero LimitedThe parties are related by directorship.In the year to 31 December 2025, payments of £5,500 (2024: £2,000) were made in relation to services provided by Kero Ltd.

Kero Limited

The parties are related by directorship.

In the year to 31 December 2025, payments of £5,500 (2024: £2,000) were made in relation to services provided by Kero Ltd.

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