REGISTERED NUMBER: SC509259 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Zap Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S A J Sefton

M Dziwirek

REGISTERED OFFICE:

Pavilion 2

Finnieston Business Park

Minerva Way

Glasgow

G3 8AU

REGISTERED NUMBER:

SC509259 (Scotland)

ACCOUNTANTS:

Advantage Accounting (Scotland) Ltd

Pavilion 2

Finnieston Business Park

Minerva Way

Glasgow

G3 8AU

FIXED ASSETS

Intangible assets

4

101,991

68,833

Tangible assets

5

123,179

102,593

Investments

6

650,738

516,803

875,908

688,229

CURRENT ASSETS

Debtors

7

511,044

216,438

Cash at bank

829,168

389,820

1,340,212

606,258

CREDITORS

Amounts falling due within one year

8

906,833

707,545

NET CURRENT ASSETS/(LIABILITIES)

433,379

(101,287

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,309,287

586,942

CREDITORS

Amounts falling due after more than one year

9

(15,987

)

(24,707

)

PROVISIONS FOR LIABILITIES

(54,403

)

(25,649

)

NET ASSETS

1,238,897

536,586

CAPITAL AND RESERVES

Called up share capital

1

1

Non-Distributable Reserve

11

70,826

109,948

Retained earnings

1,168,070

426,637

1,238,897

536,586

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2026 and were signed on its behalf by:

M Dziwirek - Director

1.	STATUTORY INFORMATION

Zap Ltd is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover

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

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 46 (2024 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

75,000

Additions

42,397

At 31 December 2025

117,397

AMORTISATION

At 1 January 2025

6,167

Charge for year

9,239

At 31 December 2025

15,406

NET BOOK VALUE

At 31 December 2025

101,991

At 31 December 2024

68,833

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

159,397

Additions

68,987

At 31 December 2025

228,384

DEPRECIATION

At 1 January 2025

56,804

Charge for year

48,401

At 31 December 2025

105,205

NET BOOK VALUE

At 31 December 2025

123,179

At 31 December 2024

102,593

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2025

516,803

Additions

745,750

Disposals

(596,301

)

Revaluations

(15,514

)

At 31 December 2025

650,738

NET BOOK VALUE

At 31 December 2025

650,738

At 31 December 2024

516,803

Cost or valuation at 31 December 2025 is represented by:

Other

investments

£

Valuation in 2024

516,803

Valuation in 2025

133,935

650,738

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

494,112

198,522

Other debtors

16,932

17,916

511,044

216,438

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

8,720

8,720

Trade creditors

15,368

81,124

Taxation and social security

641,098

467,470

Other creditors

241,647

150,231

906,833

707,545

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

15,987

24,707

10.	SECURED DEBTS

Since the balance sheet date the Nucleus Cash Flow Finance2 Limited has registered a fixed debenture and floating charge over all property and undertakings of the company.

11.

RESERVES

Non-Distribu

Reserve

£

At 1 January 2025

109,948

Transfer

(39,122

)

At 31 December 2025

70,826