Registration number: 09361701

Embryo Digital Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 10

Embryo Digital Ltd

Company Information

Directors

Mr Anthony Ross Green Mrs Samantha Welch

Registered office

2nd Floor 127 Portland Street Manchester M1 4PZ

Accountants

Williamson Croft Accountants Limited Chartered Certified Accountants York House 20 York Street Manchester M2 3BB

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Embryo Digital Ltd
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Embryo Digital Ltd for the year ended 31 December 2024 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Embryo Digital Ltd, as a body, in accordance with the terms of our engagement letter dated 4 April 2023. Our work has been undertaken solely to prepare for your approval the accounts of Embryo Digital Ltd and state those matters that we have agreed to state to the Board of Directors of Embryo Digital Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Embryo Digital Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Embryo Digital Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Embryo Digital Ltd. You consider that Embryo Digital Ltd 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 accounts of Embryo Digital Ltd. 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 accounts.

......................................

Williamson Croft Accountants Limited
Chartered Certified Accountants
York House
20 York Street
Manchester
M2 3BB

19 September 2025

Embryo Digital Ltd

(Registration number: 09361701)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	34,561	38,837
Tangible assets	5	153,823	203,357
		188,384	242,194
Current assets
Debtors	6	663,123	624,135
Cash at bank and in hand		1,054,408	992,027
		1,717,531	1,616,162
Creditors: Amounts falling due within one year	7	(812,311)	(888,568)
Net current assets		905,220	727,594
Total assets less current liabilities		1,093,604	969,788
Provisions for liabilities		(38,456)	(36,548)
Net assets		1,055,148	933,240
Capital and reserves
Called up share capital	8	20	20
Retained earnings		1,055,128	933,220
Shareholders' funds		1,055,148	933,240

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Embryo Digital Ltd

(Registration number: 09361701)
Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 19 September 2025 and signed on its behalf by:
 

.........................................

Mr Anthony Ross Green
Director

Embryo Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2nd Floor
127 Portland Street
Manchester
M1 4PZ
United Kingdom

These financial statements were authorised for issue by the Board on 19 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Group accounts not prepared

The company is part of a small group. The group has taken advantage of the exemption provided by Section 399 of the Companies Act 2006 and has not prepared group accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Embryo Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33% Straight line
Furniture and fittings	25% Reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Intangible assets	10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Embryo Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 65 (2023 - 62).

Embryo Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2024	42,756	42,756
At 31 December 2024	42,756	42,756
Amortisation
At 1 January 2024	3,919	3,919
Amortisation charge	4,276	4,276
At 31 December 2024	8,195	8,195
Carrying amount
At 31 December 2024	34,561	34,561
At 31 December 2023	38,837	38,837

5	Tangible assets

	Furniture and fittings  £	Office equipment £	Total £
Cost or valuation
At 1 January 2024	225,276	64,158	289,434
Additions	274	12,263	12,537
At 31 December 2024	225,550	76,421	301,971
Depreciation
At 1 January 2024	47,223	38,854	86,077
Charge for the year	44,559	17,512	62,071
At 31 December 2024	91,782	56,366	148,148
Carrying amount
At 31 December 2024	133,768	20,055	153,823
At 31 December 2023	178,053	25,304	203,357

Embryo Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Debtors

	Note	2024 £	2023 £
Trade debtors		482,605	495,421
Amounts owed by group undertakings and undertakings in which the company has a participating interest	9	86,236	85,736
Prepayments		88,681	37,163
Other debtors		5,601	5,815
		663,123	624,135

7

Creditors

	2024 £	2023 £
Due within one year
Trade creditors	6,013	-
Taxation and social security	498,793	418,038
Accruals and deferred income	246,965	309,469
Other creditors	60,540	161,061
	812,311	888,568

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary A Shares of £0.10 each	75	8	75	8
Ordinary B Shares of £0.10 each	75	8	75	8
Ordinary C Shares of £0.10 each	50	5	50	5
Ordinary D Shares of £0.10 (2023 - £0) each	1	-	-	-
	201	20	200	20

9	Related party transactions

At the year end balance of £86,236 (2023: £85,736) is due to the company from Embryo Digital Holdings Ltd. The balance is unsecured, interest free and repayable on demand.

Embryo Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

10	Parent and ultimate parent undertaking

The company's immediate parent is Embryo Digital Holdings Limited, incorporated in England & Wales.