IRIS Accounts Production v25.3.0.601 05053657 Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05053657 2024-03-31 05053657 2025-03-31 05053657 2024-04-01 2025-03-31 05053657 2023-03-31 05053657 2023-04-01 2024-03-31 05053657 2024-03-31 05053657 ns15:EnglandWales 2024-04-01 2025-03-31 05053657 ns14:PoundSterling 2024-04-01 2025-03-31 05053657 ns10:Director1 2024-04-01 2025-03-31 05053657 ns10:Director2 2024-04-01 2025-03-31 05053657 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05053657 ns10:SmallEntities 2024-04-01 2025-03-31 05053657 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05053657 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 05053657 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05053657 ns10:FullAccounts 2024-04-01 2025-03-31 05053657 1 2024-04-01 2025-03-31 05053657 ns10:CompanySecretary1 2024-04-01 2025-03-31 05053657 ns10:RegisteredOffice 2024-04-01 2025-03-31 05053657 ns5:CurrentFinancialInstruments 2025-03-31 05053657 ns5:CurrentFinancialInstruments 2024-03-31 05053657 ns5:Non-currentFinancialInstruments 2025-03-31 05053657 ns5:Non-currentFinancialInstruments 2024-03-31 05053657 ns5:ShareCapital 2025-03-31 05053657 ns5:ShareCapital 2024-03-31 05053657 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 05053657 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 05053657 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-04-01 2025-03-31 05053657 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-04-01 2025-03-31 05053657 ns5:PlantMachinery 2024-04-01 2025-03-31 05053657 ns5:FurnitureFittings 2024-04-01 2025-03-31 05053657 ns5:MotorVehicles 2024-04-01 2025-03-31 05053657 ns5:ComputerEquipment 2024-04-01 2025-03-31 05053657 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-31 05053657 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 05053657 ns5:IntangibleAssetsOtherThanGoodwill 2025-03-31 05053657 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-31 05053657 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-03-31 05053657 ns5:PlantMachinery 2024-03-31 05053657 ns5:FurnitureFittings 2024-03-31 05053657 ns5:LandBuildings ns5:ShortLeaseholdAssets 2025-03-31 05053657 ns5:PlantMachinery 2025-03-31 05053657 ns5:FurnitureFittings 2025-03-31 05053657 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-03-31 05053657 ns5:PlantMachinery 2024-03-31 05053657 ns5:FurnitureFittings 2024-03-31 05053657 ns5:MotorVehicles 2024-03-31 05053657 ns5:ComputerEquipment 2024-03-31 05053657 ns5:MotorVehicles 2025-03-31 05053657 ns5:ComputerEquipment 2025-03-31 05053657 ns5:MotorVehicles 2024-03-31 05053657 ns5:ComputerEquipment 2024-03-31 05053657 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-03-31 05053657 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 05053657 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2025-03-31 05053657 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-03-31 05053657 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 05053657 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 05053657 1 ns10:Director1 2024-03-31 05053657 1 ns10:Director1 2023-03-31 05053657 1 ns10:Director1 2024-04-01 2025-03-31 05053657 1 ns10:Director1 2023-04-01 2024-03-31 05053657 1 ns10:Director1 2025-03-31 05053657 1 ns10:Director1 2024-03-31 05053657 ns10:Director2 2 2024-03-31 05053657 ns10:Director2 2 2023-03-31 05053657 ns10:Director2 2 2024-04-01 2025-03-31 05053657 ns10:Director2 2 2023-04-01 2024-03-31 05053657 ns10:Director2 2 2025-03-31 05053657 ns10:Director2 2 2024-03-31

REGISTERED NUMBER: 05053657 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Instiller Limited |

| Instiller Limited (Registered number: 05053657) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Instiller Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | A Toal

| D G Holmes

| SECRETARY: | A Toal

| REGISTERED OFFICE: | Leofric House

| Binley Road

| Coventry

| CV3 1JN

| REGISTERED NUMBER: | 05053657 (England and Wales)

| ACCOUNTANTS: | Leigh Christou Ltd

| Chartered Certified Accountants

| Leofric House

| Binley Road

| Coventry

| CV3 1JN

| Instiller Limited (Registered number: 05053657) |

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 430,263 |  | 624,317 |  |

Tangible assets | 5 | 150,378 |  | 165,061 |  |

580,641 |  | 789,378 |  |

CURRENT ASSETS

Stocks | 63,422 |  | 116,277 |  |

Debtors | 6 | 256,803 |  | 201,864 |  |

Cash at bank | 324,894 |  | 781,543 |  |

645,119 |  | 1,099,684 |  |

CREDITORS

Amounts falling due within one year | 7 | 657,548 |  | 545,932 |  |

NET CURRENT (LIABILITIES)/ASSETS | (12,429 | ) | 553,752 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 568,212 |  | 1,343,130 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (76,902 | ) | (89,100 | ) |

PROVISIONS FOR LIABILITIES | (37,595 | ) | (42,715 | ) |

NET ASSETS | 453,715 |  | 1,211,315 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 453,615 |  | 1,211,215 |  |

SHAREHOLDERS' FUNDS | 453,715 |  | 1,211,315 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

| Instiller Limited (Registered number: 05053657) |

Balance Sheet - continued

31 March 2025

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:

A Toal - Director

D G Holmes - Director

| Instiller Limited (Registered number: 05053657) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Instiller Limited 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.

| Turnover

| Turnover represents net invoiced sales of services, excluding value added tax, except in respect of services contracts where turnover is recognised when the company obtains the right to consideration.

| Intangible fixed assets

| Intangible fixed assets are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives of five years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Short leasehold | - | 20% on cost

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance and Straight line over 3 years

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred. Development expenditure is also written off, expect where the directors are satisfied as to the technical, commercial, financial viability of individual projects. In such cases, the identifiable expenditure is deferred and amortised over the period during which the company is expected to benefit. This period is five years. Provision is made for any impairment.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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.

| Instiller Limited (Registered number: 05053657) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred taxation 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 accounts. Deferred taxation 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 upon current tax rates and laws.

| Share based payments

| The Company issues equity settled share based payments, for a consideration, to certain employees based upon achieving a specified period of service equal to the vesting period from the date of the grant. The fair value of the options granted is determined by reference to the Black-Scholes option pricing model which takes into account a number of variables.

| The fair value of the options granted is recognised as an expense on a straight line basis with the corresponding entry to other reserves over the vesting period. The consideration received for the options to be granted is not recognised as a financial liability until the end of the vesting period, at which time it is re-classified to equity as long as the employee remains employed by the Group.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2024 - 8 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 1,339,887 |  |

| AMORTISATION

| At 1 April 2024 | 715,570 |  |

| Charge for year | 194,054 |  |

| At 31 March 2025 | 909,624 |  |

| NET BOOK VALUE

| At 31 March 2025 | 430,263 |  |

| At 31 March 2024 | 624,317 |  |

| Instiller Limited (Registered number: 05053657) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures

| Short |  | Plant and |  | and

| leasehold |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 April 2024 | 1,069 |  | 3,875 |  | 125 |  |

| Additions | - |  | 3,333 |  | 5,458 |  |

| At 31 March 2025 | 1,069 |  | 7,208 |  | 5,583 |  |

| DEPRECIATION

| At 1 April 2024 | 1,069 |  | 2,473 |  | 3 |  |

| Charge for year | - |  | 377 |  | 104 |  |

| At 31 March 2025 | 1,069 |  | 2,850 |  | 107 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  | 4,358 |  | 5,476 |  |

| At 31 March 2024 | - |  | 1,402 |  | 122 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 152,139 |  | 196,544 |  | 353,752 |  |

| Additions | - |  | 30,529 |  | 39,320 |  |

| At 31 March 2025 | 152,139 |  | 227,073 |  | 393,072 |  |

| DEPRECIATION

| At 1 April 2024 | 1,902 |  | 183,244 |  | 188,691 |  |

| Charge for year | 37,559 |  | 15,963 |  | 54,003 |  |

| At 31 March 2025 | 39,461 |  | 199,207 |  | 242,694 |  |

| NET BOOK VALUE

| At 31 March 2025 | 112,678 |  | 27,866 |  | 150,378 |  |

| At 31 March 2024 | 150,237 |  | 13,300 |  | 165,061 |  |

| Instiller Limited (Registered number: 05053657) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 152,139 |  |

| DEPRECIATION

| At 1 April 2024 | 1,902 |  |

| Charge for year | 37,559 |  |

| At 31 March 2025 | 39,461 |  |

| NET BOOK VALUE

| At 31 March 2025 | 112,678 |  |

| At 31 March 2024 | 150,237 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 202,866 |  | 159,294 |  |

| Other debtors | 53,937 |  | 42,570 |  |

256,803 |  | 201,864 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Hire purchase contracts | 12,198 |  | 12,198 |  |

| Trade creditors | 5,739 |  | 271 |  |

| Amounts owed to group undertakings | 445,000 |  | 445,000 |  |

| Taxation and social security | 186,132 |  | 82,231 |  |

| Other creditors | 8,479 |  | 6,232 |  |

657,548 |  | 545,932 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Hire purchase contracts | 76,902 |  | 89,100 |  |

| Instiller Limited (Registered number: 05053657) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Hire purchase contracts | 89,100 |  | 101,298 |  |

| The hire purchase creditor is secured on the asset purchased under the agreement.

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

| 31.3.25 |  | 31.3.24

£ | £ |

| A Toal

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 7,262 |  | 4,491 |  |

| Amounts repaid | (7,262 | ) | (4,491 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

| D G Holmes

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 8,627 |  | 5,532 |  |

| Amounts repaid | (8,627 | ) | (5,532 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

11. | 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.

12. | ULTIMATE CONTROLLING PARTY

| The immediate and ultimate parent undertaking Neteffekt Limited, a company in which Mr & Mrs A Toal and Mr & Mrs D Holmes are the controlling shareholders.