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REGISTERED NUMBER: 07530353 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Arkivum Limited

Arkivum Limited (Registered number: 07530353)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Arkivum Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Dr D Brindley
Mr B P Quinn
Mr C Sigley
Mr L O Bartram
Mr N Richards





REGISTERED OFFICE: 85 Great Portland Street
London
W1W 7LT





REGISTERED NUMBER: 07530353 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Arkivum Limited (Registered number: 07530353)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 12,166 2,733

CURRENT ASSETS
Debtors 5 401,322 333,458
Cash at bank 553,836 1,280,578
955,158 1,614,036
CREDITORS
Amounts falling due within one year 6 (1,263,453 ) (1,072,900 )
NET CURRENT (LIABILITIES)/ASSETS (308,295 ) 541,136
TOTAL ASSETS LESS CURRENT LIABILITIES (296,129 ) 543,869

CREDITORS
Amounts falling due after more than one year 7 (615,499 ) (542,737 )

PROVISIONS FOR LIABILITIES (1,472 ) -
NET (LIABILITIES)/ASSETS (913,100 ) 1,132

CAPITAL AND RESERVES
Called up share capital 7,396 7,035
Share premium 18,440,348 18,234,137
Capital redemption reserve 27 -
Other reserves 110,001 -
Retained earnings (19,470,872 ) (18,240,040 )
(913,100 ) 1,132

Arkivum Limited (Registered number: 07530353)

Balance Sheet - continued
31 December 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 1 April 2025 and were signed on its behalf by:





Mr B P Quinn - Director


Arkivum Limited (Registered number: 07530353)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Arkivum Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts are prepared on a going concern basis as in the opinion of the directors the company has sufficient finance available to it to meet its obligations as they fall due for the foreseeable future, that is at least 12 months from the date of approval of the accounts.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover is recognised at the fair value of the consideration received or recoverable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably.The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs.Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of eh expense recognised that it is probable will be recovered.

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 cost
Computer equipment - 50% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.


Arkivum Limited (Registered number: 07530353)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

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


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 20 (2023 - 18 ) .

Arkivum Limited (Registered number: 07530353)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 98,788
Additions 15,930
Disposals (810 )
At 31 December 2024 113,908
DEPRECIATION
At 1 January 2024 96,055
Charge for year 5,687
At 31 December 2024 101,742
NET BOOK VALUE
At 31 December 2024 12,166
At 31 December 2023 2,733

5. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 229,351 161,333
Other debtors 161,971 172,125
391,322 333,458

Amounts falling due after more than one year:
Other debtors 10,000 -

Aggregate amounts 401,322 333,458

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 9,435 9,209
Trade creditors 32,311 122,989
Taxation and social security 53,032 41,972
Other creditors 1,168,675 898,730
1,263,453 1,072,900

HSBC Bank PLC have fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery.

The Convertible Loan Notes are unsecured, repayable or convertible and shall bear interest at a fixed rate of 10% per annum.

Arkivum Limited (Registered number: 07530353)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 280,154 19,062
Other creditors 335,345 523,675
615,499 542,737

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 76,965 32,028
Between one and five years 49,615 35,507
126,580 67,535

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

10. SHARE-BASED PAYMENT TRANSACTIONS

The tax authority approved Enterprise Management Incentive Share Option Scheme is operated for eligible employees, including directors.

The options vest in accordance with terms determined by the directors but include continued employment and a change of control. If the options remain unexercised after a period of ten years from the date of grant, the options expire. Options are forfeited if an employee leaves the company. Obligations under this scheme will be met by the issue of Ordinary shares of Arkivum Limited.

The estimated fair value of the share options was valued by applying the Black-Scholes option pricing model.



Weighted
average
exercise price


Weighted
average
exercise price


)Number)Number
2024202420232023
Outstanding at the beginning of the year0.01880,248--
Granted during the year0.01582,3650.01880,248
Exercised during the year----
Forfeited during the year----
Outstanding at the end of the year1,462,613880,248

The total expense recognised in the income statement in relation to the above share-based payment transactions was £110,001.

Arkivum Limited (Registered number: 07530353)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal 31.12.24 31.12.23
Value: £ £

5,903,695 Ordinary 0.001 6,292 5,904
63,384 Ordinary Z 0.001 63 63
1,040,809 Ordinary A 0.001 1,041 1,041
26,962 Deferred 0.001 - 27
7,396 7,035

During this financial year 107,843 nominal shares of £0.001 were issued against a share premium of £0.51 and 280,740 nominal shares of£0.001 were issued against a share premium of £0.54. During the year 26,962 of £0.001 deferred shares were also repurchased at a price of £0.01 per share.