REGISTERED NUMBER: 05014850 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ZIP-CLIP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M G Clay Michael

J M Forster

S Goldsworthy

R D Macken

H V J Taylor

REGISTERED OFFICE:

5 Buttington

Welshpool

Powys

SY21 8SS

REGISTERED NUMBER:

05014850 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Intangible assets

4

1

9,053

Tangible assets

5

648,697

667,234

648,698

676,287

CURRENT ASSETS

Stocks

1,496,706

1,436,991

Debtors

6

2,579,091

2,389,712

Cash at bank and in hand

862,802

332,773

4,938,599

4,159,476

CREDITORS

Amounts falling due within one year

7

3,549,229

2,419,681

NET CURRENT ASSETS

1,389,370

1,739,795

TOTAL ASSETS LESS CURRENT LIABILITIES

2,038,068

2,416,082

CREDITORS

Amounts falling due after more than one year

8

83,261

158,936

NET ASSETS

1,954,807

2,257,146

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

1,954,705

2,257,044

1,954,807

2,257,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 3 September 2026 and were signed on its behalf by:

M G Clay Michael - Director

1.	STATUTORY INFORMATION

Zip-Clip 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twelve years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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 year 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 44 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

Cost

At 1 January 2025

and 31 December 2025

122,000

21,788

143,788

Amortisation

At 1 January 2025

113,583

21,152

134,735

Charge for year

8,417

635

9,052

At 31 December 2025

122,000

21,787

143,787

Net book value

At 31 December 2025

-

1

1

At 31 December 2024

8,417

636

9,053

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 January 2025

1,055,835

411,653

57,860

1,525,348

Additions

17,939

28,928

-

46,867

Disposals

(30,988

)

(48,334

)

-

(79,322

)

At 31 December 2025

1,042,786

392,247

57,860

1,492,893

Depreciation

At 1 January 2025

582,222

242,441

33,451

858,114

Charge for year

49,155

10,147

6,102

65,404

Eliminated on disposal

(30,988

)

(48,334

)

-

(79,322

)

At 31 December 2025

600,389

204,254

39,553

844,196

Net book value

At 31 December 2025

442,397

187,993

18,307

648,697

At 31 December 2024

473,613

169,212

24,409

667,234

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

946,581

884,263

Amounts owed by group undertakings

1,413,072

1,201,477

Other debtors

219,438

303,972

2,579,091

2,389,712

The trade debtors are subject to a debt factoring agreement.

Included within other debtors due with one year is a loan to Konnex3 Partnership, a partnership controlled by the Directors. The balance as at 31 December 2025 was £142,541 (2024 £176,743).

Amounts owed by group undertakings are loans provided by group companies. Interest is not charged on balances in the current year.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,144,317

1,378,717

Hire purchase contracts (see note 9)

7,368

8,038

Trade creditors

734,795

612,286

Taxation and social security

86,944

116,743

Other creditors

575,805

303,897

3,549,229

2,419,681

Amounts owed to group undertakings are loans provided by group companies. Interest is not charged on balances in the current year.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

60,286

128,593

Hire purchase contracts (see note 9)

22,975

30,343

83,261

158,936

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

7,368

8,038

Between one and five years

22,975

30,343

30,343

38,381

Non-cancellable

operating leases

2025

2024

£

£

Within one year

260,241

93,562

Between one and five years

627,947

57,526

In more than five years

119,054

6,708

1,007,242

157,796

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft and loans

2,191,530

1,358,446

Factoring Loan

499,880

215,445

2,691,410

1,573,891

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party at the year end was Zip -Clip Group Limited. Their registered office is 5 Buttington, Welshpool, Powys, Wales, SY21 8SS.