REGISTERED NUMBER: 06897070 (England and Wales)

Financial Statements for the Year Ended 31 May 2025

for

Conjure Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

S Clark

C Connell

C Tingley

REGISTERED OFFICE:

16 Cole Street

London

SE1 4YH

REGISTERED NUMBER:

06897070 (England and Wales)

ACCOUNTANTS:

Millward, May & Co

The Overhangs

55a Peach Street

Wokingham

Berkshire

RG40 1XP

FIXED ASSETS

Intangible assets

4

132,707

-

Tangible assets

5

43,952

72,076

176,659

72,076

CURRENT ASSETS

Debtors

6

194,724

310,212

Prepayments and accrued income

3,882

15,719

Cash at bank

800

402

199,406

326,333

CREDITORS

Amounts falling due within one year

7

275,561

298,419

NET CURRENT (LIABILITIES)/ASSETS

(76,155

)

27,914

TOTAL ASSETS LESS CURRENT LIABILITIES

100,504

99,990

CREDITORS

Amounts falling due after more than one year

8

49,111

56,762

NET ASSETS

51,393

43,228

CAPITAL AND RESERVES

Called up share capital

10

100

100

Other equity reserves

2,367

-

Retained earnings

48,926

43,128

SHAREHOLDERS' FUNDS

51,393

43,228

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 26 August 2025 and were signed on its behalf by:

C Connell - Director

1.	STATUTORY INFORMATION

Conjure 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.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible Assets are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Computer equipment - 2 year straight line

Other office equipment - 5 years straight line

Motor vehicles - 4 years straight line

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

135,000

At 31 May 2025

135,000

AMORTISATION

Charge for year

2,293

At 31 May 2025

2,293

NET BOOK VALUE

At 31 May 2025

132,707

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 June 2024

43,389

91,580

58,919

193,888

Disposals

(1,104

)

-

(20,338

)

(21,442

)

At 31 May 2025

42,285

91,580

38,581

172,446

DEPRECIATION

At 1 June 2024

38,239

27,662

55,911

121,812

Charge for year

2,259

22,895

2,970

28,124

Eliminated on disposal

(1,104

)

-

(20,338

)

(21,442

)

At 31 May 2025

39,394

50,557

38,543

128,494

NET BOOK VALUE

At 31 May 2025

2,891

41,023

38

43,952

At 31 May 2024

5,150

63,918

3,008

72,076

Santander UK Plc holds a fixed and floating charge over an asset of the company.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 June 2024

and 31 May 2025

91,580

DEPRECIATION

At 1 June 2024

27,662

Charge for year

22,895

At 31 May 2025

50,557

NET BOOK VALUE

At 31 May 2025

41,023

At 31 May 2024

63,918

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

166,465

101,815

Other debtors

28,259

208,397

194,724

310,212

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

86,223

79,510

Hire purchase contracts (see note 9)

7,651

7,124

Trade creditors

46,345

16,407

Taxation and social security

34,980

106,939

Other creditors

100,362

88,439

275,561

298,419

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Hire purchase contracts (see note 9)

49,111

56,762

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.5.25

31.5.24

£

£

Net obligations repayable:

Within one year

7,651

7,124

Between one and five years

49,111

56,762

56,762

63,886

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

550,000

Ordinary A

£0.0001

55

55

250,000

Ordinary B

£0.0001

25

25

200,000

Ordinary C

£0.0001

20

20

100

100

11.	RELATED PARTY DISCLOSURES