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Registration number: 06951540

Spherica Business Solutions Limited
Unaudited Filleted Abridged Financial Statements
for the Year Ended 30 June 2025

Spherica Business Solutions Limited

Contents

Company Information | 1
Directors' Report | 2
Abridged Balance Sheet | 3 to 4
Notes to the Unaudited Abridged Financial Statements | 5 to 11

Spherica Business Solutions Limited

Company Information

Directors | S A Jennings M A Woodward

Company secretary | S A Jennings

Registered office | Lewis Building Bull Street Birmingham West Midlands B4 6EQ

Spherica Business Solutions Limited

Directors' Report for the Year Ended 30 June 2025

The directors present their report and the abridged financial statements for the year ended 30 June 2025.

Directors of the company

The directors who held office during the year were as follows:

S A Jennings - Company secretary and director

M A Woodward

Principal activity

The principal activity of the company is providers of IT and other related services.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 10 October 2025 and signed on its behalf by:

......................................... S A Jennings Company secretary and director

Spherica Business Solutions Limited

(Registration number: 06951540)
Abridged Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 10,269 | -
Tangible assets | 5 | 30,080 | 45,049
|  | 40,349 | 45,049
Current assets |  |  |
Debtors | 6 | 536,489 | 909,166
Cash at bank and in hand |  | 3,023,467 | 2,574,968
|  | 3,559,956 | 3,484,134
Prepayments and accrued income |  | 81,634 | 26,153
Creditors: Amounts falling due within one year |  | (508,844) | (590,151)
Net current assets |  | 3,132,746 | 2,920,136
Total assets less current liabilities |  | 3,173,095 | 2,965,185
Accruals and deferred income |  | (282,633) | (412,374)
Net assets |  | 2,890,462 | 2,552,811
Capital and reserves |  |  |
Called up share capital | 7 | 110 | 110
Other reserves |  | 29,903 | 16,133
Retained earnings |  | 2,860,449 | 2,536,568
Shareholders' funds |  | 2,890,462 | 2,552,811

For the financial year ending 30 June 2025 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account and Directors' Report.

Approved and authorised by the Board on 10 October 2025 and signed on its behalf by:

Spherica Business Solutions Limited

(Registration number: 06951540)
Abridged Balance Sheet as at 30 June 2025

......................................... S A Jennings Company secretary and director

Spherica Business Solutions Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lewis Building
Bull Street
Birmingham
West Midlands
B4 6EQ

These financial statements were authorised for issue by the Board on 10 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Spherica Business Solutions Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 33% straight line
Fixtures and fittings | 25% straight line

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Patent application costs are carried at cost less accumulated amortisation.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Patent applications | over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Spherica Business Solutions Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share based payments

The company has granted share options in the year to certain employees. These options must be measured at fair value and recognised as an expense in the profit and loss account with a corresponding increase in shareholders' funds. The fair value of the options has been estimated at the date of grant using the Black-Scholes option-pricing model. The fair value will be charged as an expense in the profit and loss account over the vesting period. The charge is adjusted each year to reflect the expected and actual level of vesting. The credit entry is contained within a separate reserve called the Share-Based Payment Reserve in the company's reserves and is shown in the Movement in Shareholders' Funds.

Spherica Business Solutions Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Share-Based Payments for Employee Share Schemes
On 28th July, 2023, the company granted options over 862,744 shares through a tax-advantaged Enterprise Management Incentives employee share option scheme to a total of thirteen employees on a discretionary basis at an option price of £0.0001 per share. In the year to 30 June 2025, a further 11,764 options were granted to two employees on a discretionary basis at an option price of £0.0001 per share.
The period over which the outstanding options are capable of subsisting is the period of ten years from July, 2023 to June, 2033. The period over which the outstanding options are capable of being exercised is the period of ten years from July, 2023 to June, 2033 during the period of the employment of the scheme participants or at an exit event at any time in the full ten year period.
The arrangements for an employee on leaving the Company are as follows:
Leaving through Terminal Illness or Permanent Disability
If the employee leaves the employment of the company through terminal illness or permanent disability as verified by a recognised medical practitioner to the satisfaction of the Board of Directors, then the employee will have the opportunity to exercise the option within 90 days of the date of leaving.
Leaving through Resignation, Redundancy or TUPE Arrangements
If the employee leaves the employment of the company through resignation, redundancy or TUPE arrangements, then the option lapses immediately at the date of leaving and ceases to be exercisable.
Leaving through Dismissal
If an employee leaves the employment of the company through dismissal as a consequence of gross misconduct or actively engaging in competition against the company or committing a material breach of any shareholders agreement (including the Articles of Association) that is in existence at the time, then the option lapses immediately at the date of leaving and ceases to be exercisable.
Death in Service
If an employee dies whilst holding office or employment within the company, then solely at the discretion of the Board of Directors the deceased employee’s personal representative will be allowed to exercise the option within the period of twelve months at the date of death.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Spherica Business Solutions Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 59 (2024 - 52).

Spherica Business Solutions Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

4 | Intangible assets

| Total £
Cost or valuation
Additions acquired separately | 11,125
At 30 June 2025 | 11,125
Amortisation
Amortisation charge | 856
At 30 June 2025 | 856
Carrying amount
At 30 June 2025 | 10,269

5 | Tangible assets

| Fixtures and fittings £ | Office equipment £ | Total £
Cost or valuation
At 1 July 2024 | 1,574 | 99,470 | 101,044
Additions | - | 8,986 | 8,986
Disposals | - | (19,426) | (19,426)
At 30 June 2025 | 1,574 | 89,030 | 90,604
Depreciation
At 1 July 2024 | 547 | 55,448 | 55,995
Charge for the year | 338 | 23,022 | 23,360
Eliminated on disposal | - | (18,831) | (18,831)
At 30 June 2025 | 885 | 59,639 | 60,524
Carrying amount
At 30 June 2025 | 689 | 29,391 | 30,080
At 30 June 2024 | 1,027 | 44,022 | 45,049

6 | Debtors

Debtors includes £Nil (2024 - £Nil) due after more than one year.

7 | Share capital

Allotted, called up and fully paid shares

Spherica Business Solutions Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £0.0001 each | 1,000,000 | 100.00 | 1,000,000 | 100.00
A Employee Ordinary of £0.0001 each | 1,000 | 0.10 | 1,000 | 0.10
Employee Ordinary of £0.0001 each | 98,898 | 9.89 | 98,898 | 9.89
| 1,099,898 | 109.99 | 1,099,898 | 109.99

8 | Related party transactions

Transactions with directors

2025 | At 1 July 2024 £ | Repayments by director £ | At 30 June 2025 £
S A Jennings
Movement during the year | 3,510 | (2,245) | 1,265

2024 | At 1 July 2023 £ | Advances to director £ | Repayments by director £ | At 30 June 2024 £
S A Jennings
Movement during the year | 4,697 | 12,408 | (13,595) | 3,510

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 21,540 | 25,140
Contributions paid to money purchase schemes | 10,000 | 400,000
| 31,540 | 425,140