Company No: 10301281 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	R M Cork
	C M Haden
	A J Pett

REGISTERED OFFICE	Fora Space Thames Tower
	Station Road
	Reading
	RG1 1LX
	United Kingdom

COMPANY NUMBER

10301281 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	4th Floor Cumberland House
	15-17 Cumberland Place
	Southampton
	Hampshire
	SO15 2BG

	Note	2024		2023
		£		£
				Restated
Fixed assets
Intangible assets	3	16,354		24,530
Tangible assets	4	626		1,064
		16,980		25,594
Current assets
Debtors	5	129,192		92,245
Cash at bank and in hand		13,970		33,701
		143,162		125,946
Creditors: amounts falling due within one year	6	( 123,052)		( 180,819)
Net current assets/(liabilities)		20,110		(54,873)
Total assets less current liabilities		37,090		(29,279)
Creditors: amounts falling due after more than one year	7	( 101,967)		( 122,600)
Net liabilities		( 64,877)		( 151,879)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 64,977 )		( 151,979 )
Total shareholder's deficit		( 64,877)		( 151,879)

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 member has 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 Engeneum Limited (registered number: 10301281) were approved and authorised for issue by the Board of Directors on 26 September 2025. They were signed on its behalf by:

R M Cork 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

Engeneum 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 Fora Space Thames Tower, Station Road, Reading, RG1 1LX, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Engeneum Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

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 on monetary items.

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.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

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 enacted or substantively enacted 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. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

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:

Goodwill

10 years straight line

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

All other intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

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 basis over its expected useful life, as follows:

Plant and machinery etc.

4 years straight line

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.

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and
bank overdrafts which are an integral part of the Company’s cash management.

Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments
issued by the Company are recorded at the proceeds received, net of direct issue costs.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		6

3. Intangible assets

	Goodwill		Total
	£		£
Cost/Valuation
At 01 January 2024	81,762		81,762
At 31 December 2024	81,762		81,762
Accumulated amortisation
At 01 January 2024	57,232		57,232
Charge for the financial year	8,176		8,176
At 31 December 2024	65,408		65,408
Net book value
At 31 December 2024	16,354		16,354
At 31 December 2023	24,530		24,530

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	7,972		7,972
Additions	282		282
At 31 December 2024	8,254		8,254
Accumulated depreciation
At 01 January 2024	6,908		6,908
Charge for the financial year	720		720
At 31 December 2024	7,628		7,628
Net book value
At 31 December 2024	626		626
At 31 December 2023	1,064		1,064

5. Debtors

	2024		2023
	£		£
Trade debtors	104,890		59,570
Amounts owed by Group undertakings	11,435		4,350
Corporation tax	9,400		22,686
Other debtors	3,467		5,639
	129,192		92,245

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	10,000		10,000
Trade creditors	25,192		12,888
Other taxation and social security	32,599		30,768
Other creditors	55,261		127,163
	123,052		180,819

Secured loans

The invoice discounting facility totalling £38,379 (2023 - £45,428) as at 31 December 2024 is secured by a fixed and floating charge over the assets of the Company. This balance is held within other creditors due within one year.

Prior year comparatives have been restated for a small change in provisions carried forward.

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	4,167		14,167
Other creditors	97,800		108,433
	101,967		122,600

8. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 266)		14,681
Credited/(charged) to the Statement of Income and Retained Earnings	109		( 14,947)
At the end of financial year	( 157)		( 266)

The deferred taxation balance is made up as follows:

	2024		2023
	£		£
Fixed asset timing differences	( 157)		( 266)

9. Related party transactions

Transactions with the entity's directors

One of the directors maintains a loan account with the Company. During the year the Company made repayments to the director totalling £10,633 (2023 - £153 loaned to the Company by the director). At the year end the Company owed the director £97,800 (2023 - £108,433).

Another one of the directors also maintains a loan account with the Company. During the year the director made repayments to the Company totalling £2,259 (2023 - £Nil). At the year end the director owed the Company £Nil (2023 - £2,259).

On 28 May 2025, a loan from director Mr Ray Cork was converted into ordinary shares, leaving no outstanding balance.

10. Ultimate controlling party

The ultimate controlling party is C M Haden by virtue of his majority shareholding in the Company.