Company No: 09289425 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	2,037		5,338
Investments	5	2,710		2,710
		4,747		8,048
Current assets
Stocks	6	21,534		6,982
Debtors	7	519,210		751,706
Cash at bank and in hand		115,569		103,608
		656,313		862,296
Creditors: amounts falling due within one year	8	( 475,017)		( 613,540)
Net current assets		181,296		248,756
Total assets less current liabilities		186,043		256,804
Creditors: amounts falling due after more than one year	9	( 81,458)		( 138,958)
Net assets		104,585		117,846
Capital and reserves
Called-up share capital	10	70,344		70,344
Capital redemption reserve		20,000		20,000
Profit and loss account		14,241		27,502
Total shareholders' funds		104,585		117,846

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 Profit and Loss Account has not been delivered.

The financial statements of Convosphere Ltd (registered number: 09289425) were approved and authorised for issue by the Board of Directors on 30 September 2025. They were signed on its behalf by:

Mr P J Brothers 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

Convosphere Ltd (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 Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, 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 £.

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.

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 sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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.

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

5 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 basis over its expected useful life, as follows:

Fixtures and fittings	25 % reducing balance
Computer equipment	3 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	10		13

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2024	150,000		150,000
At 31 December 2024	150,000		150,000
Accumulated amortisation
At 01 January 2024	150,000		150,000
At 31 December 2024	150,000		150,000
Net book value
At 31 December 2024	0		0
At 31 December 2023	0		0

4. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 January 2024	11,957		31,037		42,994
Additions	0		1,132		1,132
Disposals	( 11,727)		( 24,170)		( 35,897)
At 31 December 2024	230		7,999		8,229
Accumulated depreciation
At 01 January 2024	10,218		27,438		37,656
Charge for the financial year	332		2,630		2,962
Disposals	( 10,393)		( 24,033)		( 34,426)
At 31 December 2024	157		6,035		6,192
Net book value
At 31 December 2024	73		1,964		2,037
At 31 December 2023	1,739		3,599		5,338

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	2,710		2,710
At 31 December 2024	2,710		2,710
Carrying value at 31 December 2024	2,710		2,710
Carrying value at 31 December 2023	2,710		2,710

6. Stocks

	2024		2023
	£		£
Work in progress	21,534		6,982

7. Debtors

	2024		2023
	£		£
Trade debtors	270,828		527,928
Amounts owed by Group undertakings	31,089		19,886
Amounts owed by directors	166,474		133,476
Prepayments	5,926		7,260
Other debtors	44,893		63,156
	519,210		751,706

8. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans (secured)	57,500		52,708
Trade creditors	81,487		97,881
Corporation tax	21,792		37,649
Other taxation and social security	284,026		238,372
Other creditors	30,212		186,930
	475,017		613,540

Bank loans are secured by fixed and floating charge over all assets of the company.

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

	2024		2023
	£		£
Bank loans (secured)	81,458		138,958

Bank loans are secured by fixed and floating charge over all assets of the company.

10. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
7,000,000 Ordinary A shares of £ 0.01 each	70,000		70,000
34,400 Ordinary shares of £ 0.01 each	344		344
	70,344		70,344

11. Related party transactions

Transactions with the entity's directors

	2024		2023
	£		£
Key management	166,478		133,476

Interest has been charged in line with HMRC's official rate of interest.