REGISTERED NUMBER: 10602161 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

SPILL APP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

C Benton

Passion Capital Nominees Limited

Registered office:

9th Floor

107 Cheapside

London

EC2V 6DN

Registered number:

10602161 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

22,738

25,677

Current assets

Debtors

5

286,533

328,563

Cash at bank

1,049,642

1,002,346

1,336,175

1,330,909

Creditors

Amounts falling due within one year

6

285,391

242,008

Net current assets

1,050,784

1,088,901

Total assets less current liabilities

1,073,522

1,114,578

Capital and reserves

Called up share capital

8

8

8

Share premium

4,422,846

4,422,846

Other reserves

694,026

603,248

Retained earnings

(4,043,358

)

(3,911,524

)

Shareholders' funds

1,073,522

1,114,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

C Benton - Director

1.	Statutory information

Spill App 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The financial statements have been prepared on the going concern basis. The company incurred losses during the year, however the directors believe that the company has sufficient financial resources to be able to meet its obligations, if and when, they become due, and that the company can continue in operational existence for a period of at least 12 months from the statement of financial position date. On this basis, the directors are of the opinion that they should continue to adopt the going concern basis in preparing the annual financial statements.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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.

Computer equipment

-

Straight line over 5 years

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 and bank overdrafts.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Share-based payments

The company operates an equity-settled compensation plan. The fair value of the services received in exchange for the grant of the options is recognised as an expense in the income statement. The total amount to be expensed over the vesting period is determined by reference to the fair value of the options granted, excluding the impact of any non-market vesting conditions (for example, profitability and sales growth targets). Non-market vesting conditions are included in assumptions about the number of options that are expected to vest. At each statement of financial position date, the entity revises its estimates of the number of options that are expected to vest. It recognises the impact of the revision to original estimates, if any, in the income statement. The credit entry is taken to reserves because the share options are equity-settled.

3.	Employees and directors

The average number of employees during the year was 12 (2024 - 35 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 March 2024

39,868

Additions

5,570

At 28 February 2025

45,438

Depreciation

At 1 March 2024

14,191

Charge for year

8,509

At 28 February 2025

22,700

Net book value

At 28 February 2025

22,738

At 29 February 2024

25,677

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

106,922

54,133

Other debtors

179,611

274,430

286,533

328,563

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

106

-

Trade creditors

129,826

117,764

Taxation and social security

129,159

117,053

Other creditors

26,300

7,191

285,391

242,008

7.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year: £6,875 (2024: £76,800)

8.	Called up share capital

Type of Share

No. of Shares

Nominal value £

2025

2024

A1 Ordinary

1,856,544

£0.000001

1.86

1.86

Ordinary

3,308,676

£0.000001

3.31

2.67

Seed Ordinary

234,645

£0.000001

0.23

1.16

Seed Preferred

2,352,246

£0.000001

2.35

1.99

Total

7.75

7.68