Company Registration No. 10627533 (England and Wales)
Gozero Limited
Unaudited accounts
for the year ended 31 March 2026
Gozero Limited
Statement of financial position
as at 31 March 2026
Called up share capital not paid
752,950
-
Tangible assets
34,095
415,162
Cash at bank and in hand
28,710
24,296
Creditors: amounts falling due within one year
(1,382,315)
(788,803)
Net current liabilities
(957,701)
(575,329)
Total assets less current liabilities
(163,685)
(160,167)
Creditors: amounts falling due after more than one year
(575,933)
(857,249)
Net liabilities
(739,618)
(1,017,416)
Called up share capital
2,390,176
771,802
Share premium
2,068,148
2,200,367
Profit and loss account
(5,197,942)
(3,989,585)
Shareholders' funds
(739,618)
(1,017,416)
For the year ending 31 March 2026 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2026 and were signed on its behalf by
Andrew Taylor
Director
Company Registration No. 10627533
Gozero Limited
Notes to the Accounts
for the year ended 31 March 2026
Gozero Limited is a private company, limited by shares, registered in England and Wales, registration number 10627533. The registered office is Unit 9, Egham Business Village, Crabtree Road, Egham, Surrey, TW20 8RB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
Straight line over 10 years
Computer equipment
25% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Gozero Limited
Notes to the Accounts
for the year ended 31 March 2026
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2025
10,536
629,756
14,608
3,970
658,870
Disposals
-
(587,509)
-
-
(587,509)
At 31 March 2026
10,536
42,247
14,608
3,970
71,361
At 1 April 2025
4,292
227,268
9,309
2,839
243,708
Charge for the year
2,768
11,797
1,461
283
16,309
On disposals
-
(222,751)
-
-
(222,751)
At 31 March 2026
7,060
16,314
10,770
3,122
37,266
At 31 March 2026
3,476
25,933
3,838
848
34,095
At 31 March 2025
6,244
402,488
5,299
1,131
415,162
Amounts falling due within one year
Trade debtors
309,990
103,138
Amounts due from group undertakings etc.
4,658
4,658
Accrued income and prepayments
37,450
14,947
Other debtors
43,806
66,435
Gozero Limited
Notes to the Accounts
for the year ended 31 March 2026
7
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
174,659
173,099
Obligations under finance leases and hire purchase contracts
80,122
184,336
Trade creditors
428,421
182,577
Amounts owed to group undertakings and other participating interests
22,777
22,642
Taxes and social security
166,879
127,675
Other creditors
293,921
55,255
8
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
378,308
514,276
Obligations under finance leases and hire purchase contracts
45,109
144,458
Other creditors
152,516
198,515
9
Post balance sheet events
Included within called up share capital not paid is £752,950 relating to shares issued during the year at 50p per share, where the nominal value of each share is £1.00. The directors are in the process of regularising these allotments in accordance with s.580 of the Companies Act 2006, which prohibits the issue of shares at a discount to nominal value. The outcome of that process may result in a restatement of the share capital and share premium accounts in future periods.
10
Average number of employees
During the year the average number of employees was 11 (2025: 13).