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REGISTERED NUMBER: 11235998 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

METHOD APPS LIMITED

METHOD APPS LIMITED (REGISTERED NUMBER: 11235998)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


METHOD APPS LIMITED

Company Information
for the year ended 31 December 2024







DIRECTORS: D Moorhouse
I M Jones
T Knights
J A Van Vestraut





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 11235998 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Method Apps Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Method Apps Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Method Apps Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Method Apps Limited and state those matters that we have agreed to state to the Board of Directors of Method Apps Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Method Apps Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Method Apps Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Method Apps Limited. You consider that Method Apps Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Method Apps Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


16 April 2025

METHOD APPS LIMITED (REGISTERED NUMBER: 11235998)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,367 21,822

CURRENT ASSETS
Debtors 5 279,701 131,585
Cash at bank 286,541 143,008
566,242 274,593
CREDITORS
Amounts falling due within one year 6 313,207 167,560
NET CURRENT ASSETS 253,035 107,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

269,402

128,855

CREDITORS
Amounts falling due after more than one
year

7

241,650

181,500
NET ASSETS/(LIABILITIES) 27,752 (52,645 )

CAPITAL AND RESERVES
Called up share capital 8 177 156
Share premium 1,867,435 1,556,690
Retained earnings (1,839,860 ) (1,609,491 )
SHAREHOLDERS' FUNDS 27,752 (52,645 )

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.

METHOD APPS LIMITED (REGISTERED NUMBER: 11235998)

Balance Sheet - continued
31 December 2024


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 16 April 2025 and were signed on its behalf by:





D Moorhouse - Director


METHOD APPS LIMITED (REGISTERED NUMBER: 11235998)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Method Apps 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.

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 at the balance sheet date, the company has negative retained reserves. The directors understand that this is normal for a start-up tech (SaaS) business and believe that with a growing subscription base the viability of the company is not wholly reliant on the level of distributable retained reserves.

During the reporting period and since the balance sheet date there has been further equity investment in the company from third parties which will ensure the entity can continue trading for the foreseeable future and at least the next 12 months from signing these financial statements. It should be further noted, following major new contract wins, that the business has experienced in-month profitability - consistently for the last four months of this reporting period and through to the point of this account submission. The board continues to meet regularly to review cash flow projections (with a focus on net burn rate/runway) and business performance generally in order to mitigate risks. For the reasons given, the accounts have been prepared on a confident, going concern basis.

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

Revenue is recognised when services are rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office Equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

METHOD APPS LIMITED (REGISTERED NUMBER: 11235998)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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.

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.

Critical accounting estimates and uncertainties
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Financial instruments
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

METHOD APPS LIMITED (REGISTERED NUMBER: 11235998)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Office Computer
Equipment equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 2,678 36,367 39,045
DEPRECIATION
At 1 January 2024 669 16,554 17,223
Charge for year 502 4,953 5,455
At 31 December 2024 1,171 21,507 22,678
NET BOOK VALUE
At 31 December 2024 1,507 14,860 16,367
At 31 December 2023 2,009 19,813 21,822

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 213,612 29,315
Other debtors 66,089 102,270
279,701 131,585

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 41,927 1,993
Taxation and social security 101,809 16,940
Other creditors 163,471 142,627
313,207 167,560

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,500 11,500
Other creditors 236,150 170,000
241,650 181,500

The bank loan relates to a government supported bounce back loan.

METHOD APPS LIMITED (REGISTERED NUMBER: 11235998)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
15,604,739 A Ordinary £0.00001 156 156
2,068,561 C Ordinary £0.00001 21 -
177 156

The A Ordinary and C Ordinary shares both have full voting and dividend rights depending on resolutions made at directors meetings.

The A Ordinary shareholders are entitled pari passu to participate in a distribution arising from winding up the company.

The C Ordinary shareholders are entitled to the better of pari passu non-participating return of 1X the amount paid or credited as paid for those shares and pro rata rights in proportion to the total number of ordinary shares.