REGISTERED NUMBER: 10704505 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ARTICULATE INTERNATIONAL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R J Potter

REGISTERED OFFICE:

10 John Street

London

WC1N 2EB

REGISTERED NUMBER:

10704505 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

4

266

669

Investments

5

2,056

1,556

2,322

2,225

CURRENT ASSETS

Debtors

6

160,533

236,182

Cash at bank

271,523

435,847

432,056

672,029

CREDITORS

Amounts falling due within one year

7

181,610

324,800

NET CURRENT ASSETS

250,446

347,229

TOTAL ASSETS LESS CURRENT LIABILITIES

252,768

349,454

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

252,767

349,453

SHAREHOLDERS' FUNDS

252,768

349,454

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 December 2025 and were signed by:

R J Potter - Director

1.	STATUTORY INFORMATION

Articulate International 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.

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 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

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery - Straight line over 3 years

Financial instruments

Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS102.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

2,245

DEPRECIATION

At 1 April 2024

1,576

Charge for year

403

At 31 March 2025

1,979

NET BOOK VALUE

At 31 March 2025

266

At 31 March 2024

669

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

1,556

Additions

500

At 31 March 2025

2,056

NET BOOK VALUE

At 31 March 2025

2,056

At 31 March 2024

1,556

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

160,533

236,182

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

17,058

7,522

Other creditors & accruals

164,552

317,278

181,610

324,800

8.	LEASING AGREEMENTS

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

31.3.25

31.3.24

£

£

Within one year

1,435

1,722

9.	CALLED UP SHARE CAPITAL

Allotted issued and fully paid

Number

Class

Nominal Value

£

80

A Ordinary Shares

£0.01

0.8

10

B Ordinary Shares

£0.01

0.1

5

C Ordinary Shares

£0.01

0.05

5

D Ordinary Shares

£0.01

0.05

In the accounting period to 31 March 2025, the ordinary share capital was partitioned into 4 different new share classes, A, B, C and D. The date of these partitions occurred on 1 November 2024 and 10 January 2025. No additional consideration was given for these shares.

10.

RESERVES

Retained

earnings

£

At 1 April 2024

349,453

Profit for the year

44,082

Dividends

(140,768

)

At 31 March 2025

252,767

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

£

R J Potter

Balance outstanding at start of year

71,768

-

Amounts advanced

7,778

71,768

Amounts repaid

(72,209

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,337

71,768