REGISTERED NUMBER: 05053657 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Instiller Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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

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

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.