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REGISTERED NUMBER: 06776817 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

OUTOFTHEBIT LTD

| OUTOFTHEBIT LTD (REGISTERED NUMBER: 06776817) |

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 |

| OUTOFTHEBIT LTD |

Company Information

for the year ended 31 December 2024

| DIRECTOR: | A Motisi

| REGISTERED OFFICE: | 26 Beulah Road

| Wimbledon

| London

| SW19 3SB

| REGISTERED NUMBER: | 06776817 (England and Wales)

| ACCOUNTANTS: | Plus Accounting

| Chartered Accountants

| Preston Park House

| South Road

| Brighton

| East Sussex

| BN1 6SB

| OUTOFTHEBIT LTD (REGISTERED NUMBER: 06776817) |

Balance Sheet

31 December 2024

2024 | 2023 |

| Notes | £ | £

FIXED ASSETS

Tangible assets | 4 | 742,719 |  | 738,225 |  |

CURRENT ASSETS

Debtors | 5 | 3,834 |  | 1,440 |  |

Cash at bank | 1,429,013 |  | 1,394,195 |  |

1,432,847 |  | 1,395,635 |  |

CREDITORS

Amounts falling due within one year | 6 | (139,685 | ) | (163,604 | ) |

NET CURRENT ASSETS | 1,293,162 |  | 1,232,031 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,035,881 |  | 1,970,256 |  |

PROVISIONS FOR LIABILITIES | 7 | (3,218 | ) | - |  |

NET ASSETS | 2,032,663 |  | 1,970,256 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 17 |  | 17 |  |

Retained earnings | 2,032,646 |  | 1,970,239 |  |

2,032,663 |  | 1,970,256 |  |

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 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.

| OUTOFTHEBIT LTD (REGISTERED NUMBER: 06776817) |

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 director and authorised for issue on 2 September 2025 and were signed by:

A Motisi - Director

| OUTOFTHEBIT LTD (REGISTERED NUMBER: 06776817) |

Notes to the Financial Statements

for the year ended 31 December 2024

1. | STATUTORY INFORMATION

| Outofthebit 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.

| 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.

| 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

| Tangible fixed assets are stated at cost, or deemed cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

| Plant and machinery - 25% on reducing balance

| Computer equipment - 25% on reducing balance

| Freehold property is held at a cost basis, less any impairment.

| 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.

| 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.

| OUTOFTHEBIT LTD (REGISTERED NUMBER: 06776817) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| Going concern

| The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

| Impairment

| At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Financial instruments

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

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2023 - 7 ) .

4. | TANGIBLE FIXED ASSETS

Freehold | Plant and | Computer |

property | machinery | equipment | Totals |

| £ | £ | £ | £

| COST

| At 1 January 2024 | 729,846 |  | 9,070 |  | 6,284 |  | 745,200 |  |

| Additions | - |  | - |  | 7,635 |  | 7,635 |  |

| At 31 December 2024 | 729,846 |  | 9,070 |  | 13,919 |  | 752,835 |  |

| DEPRECIATION

| At 1 January 2024 | - |  | 4,368 |  | 2,607 |  | 6,975 |  |

| Charge for year | - |  | 1,176 |  | 1,965 |  | 3,141 |  |

| At 31 December 2024 | - |  | 5,544 |  | 4,572 |  | 10,116 |  |

| NET BOOK VALUE

| At 31 December 2024 | 729,846 |  | 3,526 |  | 9,347 |  | 742,719 |  |

| At 31 December 2023 | 729,846 |  | 4,702 |  | 3,677 |  | 738,225 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| £ | £

| Other debtors | 3,834 |  | 1,440 |  |

| OUTOFTHEBIT LTD (REGISTERED NUMBER: 06776817) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| £ | £

| Taxation and social security | 121,187 |  | 144,465 |  |

| Other creditors | 18,498 |  | 19,139 |  |

139,685 |  | 163,604 |  |

7. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

| £ | £

| Deferred tax | 3,218 |  | - |  |

Deferred tax |

| £

| Charge to Income Statement during year | 3,218 |  |

| Balance at 31 December 2024 | 3,218 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: |  | Class: |  | Nominal value £ |  | 2025 |  |  | 2024 |  |

| 10 |  | Ordinary |  | £1 |  | 10 |  |  | 10 |  |

| 3 |  | Ordinary B |  | £1 |  | 3 |  |  | 3 |  |

| 1 |  | Ordinary C |  | £1 |  | 1 |  |  | 1 |  |

| 1 |  | Ordinary D |  | £1 |  | 1 |  |  | 1 |  |

| 1 |  | Ordinary E |  | £1 |  | 1 |  |  | 1 |  |

| 1 |  | Ordinary F |  | £1 |  | 1 |  |  | 1 |  |

|  | 17 |  |  | 17 |  |