Company No: 10524522 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	J S Bray
	B Crockford
	O Jolapamo
	C Symonds

Registered office	Runway East York And Elder Works
	50 New England Street
	Brighton
	East Sussex
	BN1 4AW
	United Kingdom

Company number

10524522 (England and Wales)

Accountant	Kreston Reeves LLP
	Projects Nile House
	Nile Street
	Brighton
	BN1 1HW

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alirity Limited for the financial year ended 31 December 2024 which comprise the Balance Sheet and the related notes 1 to 9 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Alirity Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alirity Limited. You consider that Alirity Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Alirity Limited. 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 financial statements.

This report is made solely to the Board of Directors of Alirity Limited, as a body, in accordance with the terms of our engagement letter dated 25 April 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Alirity Limited and state those matters that we have agreed to state to the Board of Directors of Alirity Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alirity Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

Projects Nile House
Nile Street
Brighton
BN1 1HW

23 September 2025

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	149,137		103,765
Tangible assets	4	12,933		12,555
		162,070		116,320
Current assets
Stocks	5	57,071		0
Debtors	6	981,560		614,513
Cash at bank and in hand		320,197		312,030
		1,358,828		926,543
Creditors: amounts falling due within one year	7	( 1,104,445)		( 604,448)
Net current assets		254,383		322,095
Total assets less current liabilities		416,453		438,415
Provision for liabilities	8	( 6,041)		( 3,139)
Net assets		410,412		435,276
Capital and reserves
Called-up share capital	9	725		800
Capital redemption reserve		275		200
Profit and loss account		409,412		434,276
Total shareholders' funds		410,412		435,276

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Alirity Limited (registered number: 10524522) were approved and authorised for issue by the Board of Directors on 23 September 2025. They were signed on its behalf by:

B Crockford Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Alirity Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Runway East York And Elder Works, 50 New England Street, Brighton, East Sussex, BN1 4AW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

These financial statements are prepared on the going concern basis.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Development costs

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment	25 % reducing balance
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	18		15

3. Intangible assets

	Development costs		Total
	£		£
Cost
At 01 January 2024	119,175		119,175
Additions	57,356		57,356
At 31 December 2024	176,531		176,531
Accumulated amortisation
At 01 January 2024	15,410		15,410
Charge for the financial year	11,984		11,984
At 31 December 2024	27,394		27,394
Net book value
At 31 December 2024	149,137		149,137
At 31 December 2023	103,765		103,765

4. Tangible assets

	Office equipment		Computer equipment		Total
	£		£		£
Cost
At 01 January 2024	2,005		19,066		21,071
Additions	0		5,468		5,468
Disposals	( 450)		( 3,677)		( 4,127)
At 31 December 2024	1,555		20,857		22,412
Accumulated depreciation
At 01 January 2024	702		7,814		8,516
Charge for the financial year	261		2,662		2,923
Disposals	( 192)		( 1,768)		( 1,960)
At 31 December 2024	771		8,708		9,479
Net book value
At 31 December 2024	784		12,149		12,933
At 31 December 2023	1,303		11,252		12,555

5. Stocks

	2024		2023
	£		£
Work in progress	57,071		0

6. Debtors

	2024		2023
	£		£
Trade debtors	944,557		605,158
Amounts owed by Group undertakings	15,035		8,317
Prepayments	14,768		635
Deposits	7,200		0
Other debtors	0		403
	981,560		614,513

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	771,030		430,168
Deferred income	83,777		0
Taxation and social security	249,638		174,230
Other creditors	0		50
	1,104,445		604,448

8. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 3,139)		( 3,711)
(Charged)/credited to the Statement of Income and Retained Earnings	( 2,902)		572
At the end of financial year	( 6,041)		( 3,139)

The deferred taxation balance is made up as follows:

	2024		2023
	£		£
Accelerated capital allowances	( 6,041)		( 3,139)

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
325 A ordinary shares of £ 1.00 each	325		325
325 B ordinary shares of £ 1.00 each	325		325
Nil C ordinary shares (2023: 100 shares of £ 1.00 each)	0		100
50 D ordinary shares of £ 1.00 each (2023: nil shares)	50		0
25 E ordinary shares of £ 1.00 each (2023: 50 shares of £ 1.00 each)	25		50
	725		800

During the year, the company repurchased a number of its own shares for a total consideration of £80,000. These shares are being held in treasury and may be reissued at a future date.

At the reporting date, the company held 275 treasury shares (2023: 200).