REGISTERED NUMBER: 08178097 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Align-Alytics UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Whant

P C Mosimann

SECRETARY:

S M Whant

REGISTERED OFFICE:

Canvas Offices

Suite 2.04

175 High Holborn

London

WC1V 7AA

REGISTERED NUMBER:

08178097 (England and Wales)

ACCOUNTANTS:

City, Chartered Accountants

Suite 540, 5th Floor,

Linen Hall

162- 168 Regent Street

London

W1B 5TF

FIXED ASSETS

Tangible assets

4

3,161

1,833

CURRENT ASSETS

Debtors

5

1,945,109

1,662,920

Cash at bank

82,497

74,989

2,027,606

1,737,909

CREDITORS

Amounts falling due within one year

6

(1,093,103

)

(1,213,260

)

NET CURRENT ASSETS

934,503

524,649

TOTAL ASSETS LESS CURRENT LIABILITIES

937,664

526,482

CREDITORS

Amounts falling due after more than one year

7

(10,000

)

(20,000

)

NET ASSETS

927,664

506,482

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

927,663

506,481

927,664

506,482

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 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 September 2025 and were signed on its behalf by:

S M Whant - Director

1.	STATUTORY INFORMATION

Align-Alytics UK 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.

Tangible fixed assets

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

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.

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.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transactions. All foreign exchange differences are included to the income statement.

Research and development expenditure

Research and development expenditure is charged to the income statement in the period in which it is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

4,740

14,362

19,102

Additions

-

4,517

4,517

At 31 December 2024

4,740

18,879

23,619

DEPRECIATION

At 1 January 2024

4,540

12,729

17,269

Charge for year

50

3,139

3,189

At 31 December 2024

4,590

15,868

20,458

NET BOOK VALUE

At 31 December 2024

150

3,011

3,161

At 31 December 2023

200

1,633

1,833

5.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

257,784

131,469

Amounts owed by group undertakings

1,550,770

1,430,310

Other debtors

108,355

72,941

1,916,909

1,634,720

31.12.24

31.12.23

£

£

Amounts falling due after more than one year:

Amounts recoverable on contract

28,200

28,200

Aggregate amounts

1,945,109

1,662,920

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

13,605

17,119

Trade creditors

86,397

59,109

Amounts owed to group undertakings

54,405

-

Taxation and social security

70,882

75,155

Other creditors

867,814

1,061,877

1,093,103

1,213,260

Loans (unsecured)

Creditors include an unsecured bank debt of £10,114 (2023-£10,000) repayable by instalments within one year.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

10,000

20,000

Loans (unsecured)

Creditors falling due after one year include an unsecured bank loan of £10,000 repayable by instalments. (2023 - £20,000). Interest is chargeable at 2.5% on this loan.

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the year end, the company owed the directors S Whant £74,181, P Mossiman £390,814 (2023: S Whant £74,391, P Mossiman £246,024)

During the year the company entered into the following transactions with related parties:

2024

2023

£

£

Correlaction Holdings UK Limited - Sales

230,504

239,686

Correlaction Holdings UK Limited - Management fees

(20,000

)

(20,000

)

At the end of the year the balance owed by/(owed to) inter-companies were:

Correlaction BV

36,874

4,595

Correlaction Holdings UK Limited

(54,405

)

310,615

9.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Align-Alytics Holdings Limited, a company incorporated in the UK.

10.	EXCEPTIONAL ITEM

These are reversal of accrued not drawn directors remuneration including Employers NI contributions brought forward from previous years £388,314 (2023: £1,641,747).