|
|
|
|
|
|
|
|
|
Financial Statements |
|
Contents |
Page |
|
Strategic report |
1 |
|
Directors' report |
4 |
|
Independent auditor's report to the members |
6 |
|
Statement of comprehensive income |
10 |
|
Statement of financial position |
11 |
|
Statement of changes in equity |
12 |
|
Statement of cash flows |
13 |
|
Notes to the financial statements |
14 |
|
|
|
Strategic Report |
| 2025 | 2024 | ||
| £ | £ | ||
| Turnover | 503,205 | 185,479 | |
| Loss before tax | 2,430,434 | 1,702,574 | |
|
|
|
|
Director |
Director |
|
Registered office: |
|
|
|
|
|
|
|
United Kingdom |
|
|
|
|
|
Directors' Report |
|
|
|
|
|
|
|
|
|
|
|
(Appointed
|
|
|
|
|
Director |
Director |
|
Registered office: |
|
|
|
|
|
|
|
United Kingdom |
|
|
|
|
|
Independent Auditor's Report to the Members of
|
|
|
|
(Senior Statutory Auditor) |
|
For and on behalf of |
|
|
|
Chartered accountants & statutory auditor |
|
Camburgh House |
|
27 New Dover Road |
|
Canterbury |
|
Kent |
|
CT1 3DN |
|
|
|
Statement of Comprehensive Income |
|
Period from |
Period from |
||
|
8 Feb 24 to |
1 Feb 23 to |
||
|
31 Jan 25 |
7 Feb 24 |
||
|
Note |
£ |
£ |
|
|
Turnover |
4 |
|
|
|
Cost of sales |
|
|
|
--------- |
--------- |
|
|
Gross profit |
|
|
|
Administrative expenses |
|
|
|
|
------------ |
------------ |
||
|
Operating loss |
5 |
(
|
(
|
|
Other interest receivable and similar income |
9 |
|
|
|
Interest payable and similar expenses |
10 |
|
– |
|
------------ |
------------ |
||
|
Loss before taxation |
(
|
(
|
|
|
Tax on loss |
11 |
(
|
(
|
|
------------ |
------------ |
||
|
Loss for the financial period and total comprehensive income |
(
|
(
|
|
|
------------ |
------------ |
||
|
|
|
Statement of Financial Position |
|
31 Jan 25 |
7 Feb 24 |
|
|
Note |
£ |
£ |
|
Intangible assets |
12 |
|
|
|
Tangible assets |
13 |
|
|
|
Investments |
14 |
|
|
|
------------ |
------------ |
||
|
|
|
||
|
Debtors |
15 |
|
|
|
Cash at bank and in hand |
|
|
|
|
------------ |
------------ |
||
|
|
|
||
|
Creditors: amounts falling due within one year |
16 |
|
|
|
------------ |
------------ |
||
|
Net current assets |
|
|
|
|
------------ |
------------ |
||
|
Total assets less current liabilities |
|
|
|
|
------------ |
------------ |
||
|
Net assets |
|
|
|
|
------------ |
------------ |
||
|
Called up share capital |
18 |
|
|
|
Share premium account |
19 |
|
|
|
Profit and loss account |
19 |
(
|
(
|
|
------------ |
------------ |
||
|
Shareholders funds |
|
|
|
|
------------ |
------------ |
||
|
|
|
|
Director |
Director |
|
|
|
Statement of Changes in Equity |
|
Called up share capital |
Share premium account |
Profit and loss account |
Total |
|
|
£ |
£ |
£ |
£ |
|
|
At 1 February 2023 |
|
|
(
|
|
|
Loss for the period |
(
|
(
|
||
|
---- |
------------ |
------------ |
------------ |
|
|
Total comprehensive income for the period |
– |
– |
(
|
(
|
|
Issue of shares |
|
|
– |
|
|
---- |
------------ |
------------ |
------------ |
|
|
Total investments by and distributions to owners |
|
|
– |
|
|
At 7 February 2024 |
|
|
(
|
|
|
Loss for the period |
(
|
(
|
||
|
---- |
------------ |
------------ |
------------ |
|
|
Total comprehensive income for the period |
– |
– |
(
|
(
|
|
Issue of shares |
|
|
– |
|
|
---- |
------------ |
---- |
------------ |
|
|
Total investments by and distributions to owners |
|
|
– |
|
|
---- |
------------ |
------------ |
------------ |
|
|
At 31 January 2025 |
|
|
(
|
|
|
---- |
------------ |
------------ |
------------ |
|
|
|
|
Statement of Cash Flows |
|
31 Jan 25 |
7 Feb 24 |
|
|
£ |
£ |
|
|
Loss for the financial period |
(
|
(
|
|
Adjustments for: |
||
|
Depreciation of tangible assets |
|
|
|
Amortisation of intangible assets |
|
|
|
Other interest receivable and similar income |
(
|
(
|
|
Interest payable and similar expenses |
|
– |
|
Tax on loss |
(
|
(
|
|
Accrued (income)/expenses |
(
|
|
|
Changes in: |
||
|
Trade and other debtors |
(
|
(
|
|
Trade and other creditors |
(
|
|
|
------------ |
------------ |
|
|
Cash generated from operations |
(
|
(
|
|
Interest paid |
(
|
– |
|
Interest received |
|
|
|
Tax received |
|
|
|
------------ |
------------ |
|
|
Net cash used in operating activities |
(
|
(
|
|
------------ |
------------ |
|
|
Purchase of tangible assets |
(
|
(
|
|
Purchase of intangible assets |
(
|
(
|
|
------------ |
------------ |
|
|
Net cash used in investing activities |
(
|
(
|
|
------------ |
------------ |
|
|
Proceeds from issue of ordinary shares |
|
|
|
------------ |
------------ |
|
|
Net cash from financing activities |
|
|
|
------------ |
------------ |
|
|
Net (decrease)/increase in cash and cash equivalents |
(
|
|
|
Cash and cash equivalents at beginning of period |
1,795,173 |
623,414 |
|
------------ |
------------ |
|
|
Cash and cash equivalents at end of period |
|
|
|
------------ |
------------ |
|
|
|
|
Notes to the Financial Statements |
|
App Development |
- |
|
|
|
Equipment |
- |
|
|
|
Period from |
Period from |
|
|
8 Feb 24 to |
1 Feb 23 to |
|
|
31 Jan 25 |
7 Feb 24 |
|
|
£ |
£ |
|
|
Rendering of services |
|
|
|
--------- |
--------- |
|
|
Period from |
Period from |
|
|
8 Feb 24 to |
1 Feb 23 to |
|
|
31 Jan 25 |
7 Feb 24 |
|
|
£ |
£ |
|
|
Amortisation of intangible assets |
|
|
|
Depreciation of tangible assets |
|
|
|
Foreign exchange differences |
|
|
|
--------- |
--------- |
|
|
Period from |
Period from |
|
|
8 Feb 24 to |
1 Feb 23 to |
|
|
31 Jan 25 |
7 Feb 24 |
|
|
£ |
£ |
|
|
Fees payable for the audit of the financial statements |
|
|
|
------- |
------- |
|
|
31 Jan 25 |
7 Feb 24 |
|
|
No. |
No. |
|
|
Administrative staff |
|
|
|
Management staff |
4 |
3 |
|
---- |
---- |
|
|
|
|
|
|
---- |
---- |
|
|
Period from |
Period from |
|
|
8 Feb 24 to |
1 Feb 23 to |
|
|
31 Jan 25 |
7 Feb 24 |
|
|
£ |
£ |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other pension costs |
|
|
|
------------ |
------------ |
|
|
|
|
|
|
------------ |
------------ |
|
|
Period from |
Period from |
|
|
8 Feb 24 to |
1 Feb 23 to |
|
|
31 Jan 25 |
7 Feb 24 |
|
|
£ |
£ |
|
|
Remuneration |
|
|
|
Company contributions to defined contribution pension plans |
|
|
|
--------- |
--------- |
|
|
|
|
|
|
--------- |
--------- |
|
|
31 Jan 25 |
7 Feb 24 |
|
|
No. |
No. |
|
|
Defined contribution plans |
|
|
|
---- |
---- |
|
|
Period from |
Period from |
|
|
8 Feb 24 to |
1 Feb 23 to |
|
|
31 Jan 25 |
7 Feb 24 |
|
|
£ |
£ |
|
|
Aggregate remuneration |
|
|
|
--------- |
-------- |
|
|
Period from |
Period from |
|
|
8 Feb 24 to |
1 Feb 23 to |
|
|
31 Jan 25 |
7 Feb 24 |
|
|
£ |
£ |
|
|
Interest on cash and cash equivalents |
|
|
|
-------- |
-------- |
|
|
Period from |
Period from |
|
|
8 Feb 24 to |
1 Feb 23 to |
|
|
31 Jan 25 |
7 Feb 24 |
|
|
£ |
£ |
|
|
Interest on banks loans and overdrafts |
|
– |
|
---- |
---- |
|
|
Period from |
Period from |
|
|
8 Feb 24 to |
1 Feb 23 to |
|
|
31 Jan 25 |
7 Feb 24 |
|
|
£ |
£ |
|
|
UK current tax income |
(
|
(
|
|
-------- |
--------- |
|
|
Tax on loss |
(
|
(
|
|
-------- |
--------- |
|
|
Period from |
Period from |
|
|
8 Feb 24 to |
1 Feb 23 to |
|
|
31 Jan 25 |
7 Feb 24 |
|
|
£ |
£ |
|
|
Loss on ordinary activities before taxation |
(
|
(
|
|
------------ |
------------ |
|
|
Loss on ordinary activities by rate of tax |
(
|
(
|
|
Adjustment to tax charge in respect of prior periods |
– |
(
|
|
Effect of expenses not deductible for tax purposes |
|
|
|
Effect of capital allowances and depreciation |
|
(
|
|
Unused tax losses |
|
|
|
Revenue items capitalised |
(
|
(
|
|
Research and development tax credit |
(94,585)
|
(104,385)
|
|
------------ |
------------ |
|
|
Tax on loss |
(
|
(
|
|
------------ |
------------ |
|
|
App Development |
|
|
£ |
|
|
Cost |
|
|
At 8 February 2024 |
|
|
Additions |
|
|
------------ |
|
|
At 31 January 2025 |
|
|
------------ |
|
|
Amortisation |
|
|
At 8 February 2024 |
|
|
Charge for the period |
|
|
------------ |
|
|
At 31 January 2025 |
|
|
------------ |
|
|
Carrying amount |
|
|
At 31 January 2025 |
|
|
------------ |
|
|
At 7 February 2024 |
|
|
------------ |
|
|
Equipment |
|
|
£ |
|
|
Cost |
|
|
At 8 February 2024 |
|
|
Additions |
|
|
-------- |
|
|
At 31 January 2025 |
|
|
-------- |
|
|
Depreciation |
|
|
At 8 February 2024 |
|
|
Charge for the period |
|
|
-------- |
|
|
At 31 January 2025 |
|
|
-------- |
|
|
Carrying amount |
|
|
At 31 January 2025 |
|
|
-------- |
|
|
At 7 February 2024 |
|
|
-------- |
|
|
Shares in group undertakings |
|
|
£ |
|
|
Cost |
|
|
At 8 February 2024 and 31 January 2025 |
|
|
---- |
|
|
Impairment |
|
|
At 8 February 2024 and 31 January 2025 |
– |
|
---- |
|
|
Carrying amount |
|
|
At 31 January 2025 |
|
|
---- |
|
|
At 7 February 2024 |
|
|
---- |
|
|
Registered office |
Class of share |
Percentage of shares held |
|
|
Subsidiary undertakings |
|||
|
|
Berkeley Square House, Berkeley Square, London, W1J 6BD |
Ordinary |
100 |
|
31 Jan 25 |
7 Feb 24 |
|
|
£ |
£ |
|
|
Trade debtors |
|
|
|
Prepayments and accrued income |
|
|
|
Corporation tax repayable |
|
|
|
Other debtors |
|
|
|
--------- |
--------- |
|
|
|
|
|
|
--------- |
--------- |
|
|
31 Jan 25 |
7 Feb 24 |
|
|
£ |
£ |
|
|
Trade creditors |
|
|
|
Amounts owed to group undertakings |
|
|
|
Accruals and deferred income |
|
|
|
Social security and other taxes |
|
|
|
Director loan accounts |
|
|
|
Other creditors |
|
|
|
--------- |
--------- |
|
|
|
|
|
|
--------- |
--------- |
|
|
31 Jan 25 |
7 Feb 24 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
200 |
|
174 |
|
--------- |
---- |
--------- |
---- |
|
|
At 8 Feb 2024 |
Cash flows |
At 31 Jan 2025 |
|
|
£ |
£ |
£ |
|
|
Cash at bank and in hand |
|
(766,941) |
|
|
Debt due within one year |
(42,978) |
2,748 |
(40,230) |
|
------------ |
--------- |
------------ |
|
|
|
(
|
|
|
|
------------ |
--------- |
------------ |
|