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REGISTERED NUMBER: 08018312 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

EIS PLATFORMS LTD

EIS PLATFORMS LTD (REGISTERED NUMBER: 08018312)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EIS PLATFORMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: D M Rodwell





REGISTERED OFFICE: Warnford Court
29 Throgmorton Street
London
EC2N 2AT





REGISTERED NUMBER: 08018312 (England and Wales)





ACCOUNTANTS: EV Accountants Limited
Chartered Accountants
Unit 201, Second Floor
Metroline House
118-122 College Road
Harrow
Middlesex
HA1 1BQ

EIS PLATFORMS LTD (REGISTERED NUMBER: 08018312)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 448

CURRENT ASSETS
Debtors 5 396,038 350,443
Cash at bank and in hand 310,070 284,001
706,108 634,444
CREDITORS
Amounts falling due within one year 6 1,096,023 1,408,252
NET CURRENT LIABILITIES (389,915 ) (773,808 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(389,915

)

(773,360

)

CREDITORS
Amounts falling due after more than one
year

7

575,616

1,436,821

CAPITAL AND RESERVES
Called up share capital 8 5,074 4,147
Share premium 5,307,478 2,740,627
Retained earnings (6,278,083 ) (4,954,955 )
SHAREHOLDERS' FUNDS (965,531 ) (2,210,181 )
(389,915 ) (773,360 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 November 2024 and were signed by:





D M Rodwell - Director


EIS PLATFORMS LTD (REGISTERED NUMBER: 08018312)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

EIS Platforms 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 preparation
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.

Going concern
The financial statements have been prepared on the going concern basis and the directors confirm their belief in the company's ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements.

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

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

Plant & Machinery - 25% on cost

Financial instruments
The company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issue' of FRS 102 to all its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year not amortised.

Clarification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at an amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


EIS PLATFORMS LTD (REGISTERED NUMBER: 08018312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

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 21 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 8,797
DEPRECIATION
At 1 May 2023 8,349
Charge for year 448
At 30 April 2024 8,797
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 448

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 357,312 321,176
Other debtors 38,726 29,267
396,038 350,443

EIS PLATFORMS LTD (REGISTERED NUMBER: 08018312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 505,926 405,063
Taxation and social security 133,465 39,101
Other creditors 446,632 954,088
1,096,023 1,408,252

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 16,867 26,821
Other creditors 558,749 1,410,000
575,616 1,436,821

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans after 5 years - 550,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
507,423 Ordinary £0.01 5,074 4,147

During the year the company issued and allotted 92,759 ordinary £0.01 shares (2023: 2,790) for a total consideration of £2,567,843 (2023: £70,029), of which £1,508,040 (2023: £70,029) was received in cash, £nil (2023: £nil) was in exchange for services provided, and £1,059,803 (2023: £nil) relates to the conversion of a convertible loan note, comprising £860,000 principle and £199,803 accrued interest.

The company received services of £448 (2023: £456) in exchange for ordinary £0.01 shares. At the year-end there was a total of 8,619 (2023: 8,395) ordinary £0.01 shares that were pending to be issued. A total of £185,502 (2023: £416,812) relating to the pending issue of ordinary £0.01 shares for services provided is included in other creditors.

9. DIRECTORS' SHARE OPTIONS

As at 30th April 2024 D Rodwell had been granted a total of 9,710 (2023: 9,710) share options over £0.01 ordinary shares, at an exercisable price of £2.00. These options are exercisable as follows:

Options over 3,884 shares are exercisable on or after the date of grant, 13th October 2019;
Options over 3,884 shares are exercisable on or after 1st April 2020;
Options over 1,942 shares are exercisable on or after 1st September 2020.

As at 30th April 2024 D Rodwell had been granted a total of 25,000 (2023: 0) share options over £0.01 ordinary shares, at an exercisable price of £10.00. These options are exercisable as follows:

Options over 25,000 shares are exercisable on or after the 1st February 2025.

None of these options have been exercised, as of the date of the approval of these financial statements.

EIS PLATFORMS LTD (REGISTERED NUMBER: 08018312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. EMPLOYEE SHARE OPTIONS

As of 30th April 2024, certain staff had been granted a total of granted a total of 46,290 (2023: 0) share options over £0.01 ordinary shares, at an exercisable price of £10.00. These options are exercisable as follows:

Options over 46,290 shares are exercisable on or after the 1st February 2025.

In addition to the options above the Company operates an Enterprise Management Incentive Share Option Scheme for certain staff. As at 30th April 2024 options over 108,702 (2023: 55,345) £0.01 ordinary shares had been issued. Of these options 42,722 (2023: 42,722) are exercisable at £2.00 each on the following dates:

Options over 15,534 shares are exercisable on or after the date of grant, 13th October 2018;
Options over 1,942 shares are exercisable on or after 1st November 2018,
Options over 5,826 shares are exercisable on or after 1st May 2019,
Options over 5,826 shares are exercisable on or after 1st October 2019,
Options over 7,768 shares are exercisable on or after 1st April 2020,
Options over 5,826 shares are exercisable on or after 1st September 2020.

A further 22,083 (2023: 13,594) £0.01 ordinary shares, are exercisable at £25.10 each. These options are exercisable on the following dates:

Options over 1,942 shares are exercisable on or after 19th March 2021,
Options over 1,942 shares are exercisable on or after 1st October 2021,
Options over 2,525 shares are exercisable on or after 1st January 2022,
Options over 1,942 shares are exercisable on or after 1st February 2022,
Options over 1,942 shares are exercisable on or after 1st October 2022,
Options over 2,330 shares are exercisable on or after 1st January 2023,
Options over 5,231 shares are exercisable on or after 1st February 2025,
Options over 4,229 shares are exercisable on or after 1st February 2026.

A further 43,897 (2023: 0) £0.01 ordinary shares, are exercisable at £10.00 each. These options are exercisable on the following dates:

Options over 39,154 shares are exercisable on or after 1st February 2025,
Options over 4,743 shares are exercisable on or after 1st February 2026.

None of these options have been exercised, as of the date of the approval of these financial statements.