Registration number: 02652162

Zero-G Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Zero-G Limited

Company Information

Directors

Ms Z M R Mckie Mr C L Mckie

Registered office

1 Colleton Crescent Exeter Devon EX2 4DG

Accountants

Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG

Zero-G Limited

(Registration number: 02652162)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	8,000	-
Tangible assets	5	3,487	2,172
		11,487	2,172
Current assets
Debtors	6	83,833	81,510
Creditors: Amounts falling due within one year	7	(177,689)	(150,062)
Net current liabilities		(93,856)	(68,552)
Total assets less current liabilities		(82,369)	(66,380)
Creditors: Amounts falling due after more than one year	7	(20,059)	(27,330)
Provisions for liabilities		(663)	(543)
Net liabilities		(103,091)	(94,253)
Capital and reserves
Called up share capital		100	100
Retained earnings		(103,191)	(94,353)
Shareholders' deficit		(103,091)	(94,253)

For the financial year ending 31 January 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Zero-G Limited

(Registration number: 02652162)
Balance Sheet as at 31 January 2026

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 29 October 2026 and signed on its behalf by:
 

......................................... Ms Z M R Mckie Director

Zero-G Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
1 Colleton Crescent
Exeter
Devon
EX2 4DG

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company has net liabilities and net current liabilities. The directors have reviewed future projections and are confident all liabilities will be met as they fall due. For this reason the directors believe the company to be a going concern and the accounts have been prepared on this basis

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Zero-G Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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 assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold Property	Reducing balance 25%
Plant and Machinery	Reducing balance 25%

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Zero-G Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2025 - 2).

Zero-G Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
Additions internally developed	8,000	8,000
At 31 January 2026	8,000	8,000
Amortisation
Carrying amount
At 31 January 2026	8,000	8,000

5	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 February 2025	3,298	3,298
Additions	2,477	2,477
At 31 January 2026	5,775	5,775
Depreciation
At 1 February 2025	1,126	1,126
Charge for the year	1,162	1,162
At 31 January 2026	2,288	2,288
Carrying amount
At 31 January 2026	3,487	3,487
At 31 January 2025	2,172	2,172

6

Debtors

	2026 £	2025 £
Trade debtors	8,907	5,537
Other debtors	74,879	75,748
Prepayments and accrued income	47	225
Total current trade and other debtors	83,833	81,510

Zero-G Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

7

Creditors

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	8	45,159	63,999
Trade creditors		68,686	55,198
Taxation and social security		26,192	18,374
Other creditors		381	4,725
Accrued expenses		37,271	7,766
		177,689	150,062

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	8	20,059	27,330

8	Loans and borrowings

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	32,933	49,466
Bank overdrafts	12,226	14,533
	45,159	63,999

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	20,059	27,330

Zero-G Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

9	Related party transactions

Transactions with directors

2026	At 1 February 2025 £	Advances to director £	Repayments by director £	At 31 January 2026 £
Interest free loan	72,340	49,328	(60,648)	61,020

2025	At 1 February 2024 £	Advances to director £	Repayments by director £	At 31 January 2025 £
Interest free loan	49,759	75,078	(52,497)	72,340

10	Parent and ultimate parent undertaking

The company's immediate parent is Zerotime Audio Limited, incorporated in the United Kingdom.