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REGISTERED NUMBER: 08505500 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

ENTOTEM LIMITED

ENTOTEM LIMITED (REGISTERED NUMBER: 08505500)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ENTOTEM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2025







Directors: D Belcher
M Boddy
A Bryers
I M Grostate
A P G Randall





Registered office: 10 Stadium Business Court
Millennium Way
Pride Park
Derby
Derbyshire
DE24 8HP





Registered number: 08505500 (England and Wales)





Accountants: TC Group
10 Stadium Business Court
Millennium Way
Pride Park
Derby
Derbyshire
DE24 8HP

ENTOTEM LIMITED (REGISTERED NUMBER: 08505500)

BALANCE SHEET
30 APRIL 2025

2025 2024
Notes £ £
Fixed assets
Intangible assets 4 3,295,455 3,273,237
Tangible assets 5 900 651
3,296,355 3,273,888

Current assets
Stocks 32,829 16,353
Debtors 6 321,624 289,467
Cash at bank 97,311 16,256
451,764 322,076
Creditors
Amounts falling due within one year 7 (99,362 ) (66,721 )
Net current assets 352,402 255,355
Total assets less current liabilities 3,648,757 3,529,243

Creditors
Amounts falling due after more than one
year

8

(1,982,761

)

(2,081,668

)
Net assets 1,665,996 1,447,575

Capital and reserves
Called up share capital 10 707,090 679,764
Share premium 3,329,080 2,886,399
Retained earnings (2,370,174 ) (2,118,588 )
Shareholders' funds 1,665,996 1,447,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 15 July 2025 and were signed on its behalf by:




I M Grostate - Director


ENTOTEM LIMITED (REGISTERED NUMBER: 08505500)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

1. STATUTORY INFORMATION

Entotem Limited is a private company, limited by shares, incorporated in England and 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern
The financial statements are prepared on a going concern basis as the Directors expect the Company to have the resources necessary to continue in business in the foreseeable future. In making this assessment, the Directors have considered:
- the ongoing operational costs of the business,
- the ongoing support of shareholders,
- confirmation that the existing shareholder loans will be maintained at levels sufficient to meet the ongoing liabilities
- cash injection from future rounds of investment and grant awards
At the time of approving the financial statements, the directors have proposed detailed forecasts and business plans and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future with their ongoing support. Therefore the directors continue to adopt the going concern basis of accounting in preparing the 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.

Intangible assets
In preparing the financial statements, management use judgments and estimates that affect the application of accounting policies and reported amounts of assets, liabilities, income and expenses.

The review of intangible fixed assets for impairment reflects management's best estimate of the recoverable amount of the cash-generating unit (CGU). A cash-generating unit (CGU) is the smallest group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. Currently, Entotem as a whole is considered as a single CGU because none of the company's assets generate cash inflows mostly independent from other assets.

The directors calculation uses the future expected cash flows of the CGU based on financial budgets, discounted to present value using a discount factor at a rate equivalent to interest rates on existing company borrowings.

The assessment is carried out at the year end and there is no evidence of impairment for the amounts recognised at 30 April 2025 and 2024.

Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.3% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


ENTOTEM LIMITED (REGISTERED NUMBER: 08505500)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025

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
The deferred tax assets recognised on 30 April 2025, include a relevant amount of tax losses carried forward since incorporation, which management assesses will be utilised by offset against taxable income. The assessment is performed on an annual basis and is based on the budgets and business plans for future years. The assessment period extends to a three year forecast period, as management consider periods beyond this timeframe to uncertain for a reliable assessment of utilisation of tax losses.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
Cost
At 1 May 2024 4,095,025
Additions 230,982
At 30 April 2025 4,326,007
Amortisation
At 1 May 2024 821,788
Charge for year 208,764
At 30 April 2025 1,030,552
Net book value
At 30 April 2025 3,295,455
At 30 April 2024 3,273,237

ENTOTEM LIMITED (REGISTERED NUMBER: 08505500)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£
Cost
At 1 May 2024 51,547
Additions 666
At 30 April 2025 52,213
Depreciation
At 1 May 2024 50,896
Charge for year 417
At 30 April 2025 51,313
Net book value
At 30 April 2025 900
At 30 April 2024 651

6. DEBTORS
2025 2024
£ £
Amounts falling due within one year:
Trade debtors 54,000 -
Tax 37,419 58,543
VAT - 1,012
Prepayments 2,205 1,912
93,624 61,467

Amounts falling due after more than one year:
Deferred tax asset 228,000 228,000

Aggregate amounts 321,624 289,467

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans and overdrafts 7,500 4,300
Trade creditors 19,483 2,885
Social security and other taxes 5,437 4,740
VAT 11,245 -
Other creditors 55,697 54,796
99,362 66,721

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£ £
Bank loans - 1-2 years 337,371 332,203
Other creditors 1,645,390 1,749,465
1,982,761 2,081,668

ENTOTEM LIMITED (REGISTERED NUMBER: 08505500)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Amounts included in other creditors relates to two loans:

£643,251 (2024: £698,251) is secured by way of a fixed charge over all intellectual property held by the company.

£331,950 (2024: £320,512) is secured by way of a fixed charge and floating charges over all the property or undertaking of the company.

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£ £
Within one year 4,950 4,950

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
40,000 Ordinary A £10 400,000 400,000
30,000 Ordinary B £1 30,000 30,000
15,000 Ordinary C £1 15,000 15,000
15,000 Ordinary D £1 15,000 15,000
214,703 Ordinary E £1 247,090 219,764
707,090 679,764

During the year 27,326 £1 Ordinary E shares were issued at a premium of £442,681.