IRIS Accounts Production v25.4.0.155 06458599 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary shares 0.01000 Ordinary 'A' shares 0.01000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 06458599 2023-12-31 06458599 2024-12-31 06458599 2024-01-01 2024-12-31 06458599 2022-12-31 06458599 2023-01-01 2023-12-31 06458599 2023-12-31 06458599 ns15:EnglandWales 2024-01-01 2024-12-31 06458599 ns14:PoundSterling 2024-01-01 2024-12-31 06458599 ns10:Director1 2024-01-01 2024-12-31 06458599 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06458599 ns10:SmallEntities 2024-01-01 2024-12-31 06458599 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06458599 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 06458599 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06458599 ns10:FullAccounts 2024-01-01 2024-12-31 06458599 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 06458599 ns10:OrdinaryShareClass3 2024-01-01 2024-12-31 06458599 ns10:Director2 2024-01-01 2024-12-31 06458599 ns10:Director3 2024-01-01 2024-12-31 06458599 ns10:Director4 2024-01-01 2024-12-31 06458599 ns10:Director5 2024-01-01 2024-12-31 06458599 ns10:CompanySecretary1 2024-01-01 2024-12-31 06458599 ns10:RegisteredOffice 2024-01-01 2024-12-31 06458599 ns5:CurrentFinancialInstruments 2024-12-31 06458599 ns5:CurrentFinancialInstruments 2023-12-31 06458599 ns5:Non-currentFinancialInstruments 2024-12-31 06458599 ns5:Non-currentFinancialInstruments 2023-12-31 06458599 ns5:ShareCapital 2024-12-31 06458599 ns5:ShareCapital 2023-12-31 06458599 ns5:SharePremium 2024-12-31 06458599 ns5:SharePremium 2023-12-31 06458599 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 06458599 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 06458599 ns5:ComputerEquipment 2024-01-01 2024-12-31 06458599 ns5:ComputerEquipment 2023-12-31 06458599 ns5:ComputerEquipment 2024-12-31 06458599 ns5:ComputerEquipment 2023-12-31 06458599 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 06458599 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 06458599 ns5:WithinOneYear 2024-12-31 06458599 ns5:WithinOneYear 2023-12-31 06458599 ns10:OrdinaryShareClass1 2024-12-31 06458599 ns10:OrdinaryShareClass3 2024-12-31

REGISTERED NUMBER: 06458599 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DEMAND LOGIC LIMITED

DEMAND LOGIC LIMITED (REGISTERED NUMBER: 06458599)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

DEMAND LOGIC LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | M Darby

| D S Mauger

| J A Short

| N Toedtmann

| G R Starks

| SECRETARY: | D Mauger

| REGISTERED OFFICE: | Corner Oak

| 1 Homer Road

| Solihull

| West Midlands

| B91 3QG

| REGISTERED NUMBER: | 06458599 (England and Wales)

| ACCOUNTANTS: | Prime

| Chartered Accountants

| Corner Oak

| 1 Homer Road

| Solihull

| B91 3QG

DEMAND LOGIC LIMITED (REGISTERED NUMBER: 06458599)

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 3 | 13,127 |  | 16,098 |  |

CURRENT ASSETS

Debtors | 4 | 683,810 |  | 651,712 |  |

Cash at bank | 44 |  | 138,206 |  |

683,854 |  | 789,918 |  |

CREDITORS

Amounts falling due within one year | 5 | 1,495,739 |  | 1,054,152 |  |

NET CURRENT LIABILITIES | (811,885 | ) | (264,234 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (798,758 | ) | (248,136 | ) |

CREDITORS

Amounts falling due after more than one year | 6 | - |  | 96,491 |  |

NET LIABILITIES | (798,758 | ) | (344,627 | ) |

CAPITAL AND RESERVES

Called up share capital | 9 | 595 |  | 595 |  |

Share premium | 1,479,098 |  | 1,479,098 |  |

Retained earnings | (2,278,451 | ) | (1,824,320 | ) |

SHAREHOLDERS' FUNDS | (798,758 | ) | (344,627 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

DEMAND LOGIC LIMITED (REGISTERED NUMBER: 06458599)

BALANCE SHEET - continued

31 DECEMBER 2024

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 Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

M Darby - Director

DEMAND LOGIC LIMITED (REGISTERED NUMBER: 06458599)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | 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.

| The accounts have been prepared on the going concern basis. The business has demonstrated continued growth in 2024 - a 26% increase in turnover compared with 2023. This has been achieved through the addition of new clients and expansion of existing customers. The company has a healthy pipeline with strategic partnerships under consideration. Furthermore, the business is in an advanced stage of it's current fund raise, looking to support further expansion both in the domestic market and overseas.

| Turnover

| The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

| In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion of the work.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Office equipment and furniture | - | 20% on cost

| 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.

| 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.

| Financial instruments

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

DEMAND LOGIC LIMITED (REGISTERED NUMBER: 06458599)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 27 (2023 - 25 ) .

3. | TANGIBLE FIXED ASSETS

| Office

| equipment

| and

| furniture

£ |

| COST

| At 1 January 2024 | 39,274 |  |

| Additions | 1,855 |  |

| At 31 December 2024 | 41,129 |  |

| DEPRECIATION

| At 1 January 2024 | 23,176 |  |

| Charge for year | 4,826 |  |

| At 31 December 2024 | 28,002 |  |

| NET BOOK VALUE

| At 31 December 2024 | 13,127 |  |

| At 31 December 2023 | 16,098 |  |

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

2024 | 2023 |

£ | £ |

| Trade debtors | 304,108 |  | 331,292 |  |

| Other debtors | 379,702 |  | 320,420 |  |

683,810 |  | 651,712 |  |

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

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 211,996 |  | 52,632 |  |

| Trade creditors | 88,576 |  | 66,174 |  |

| Taxation and social security | 358,860 |  | 189,874 |  |

| Other creditors | 836,307 |  | 745,472 |  |

1,495,739 |  | 1,054,152 |  |

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

2024 | 2023 |

£ | £ |

| Bank loans | - |  | 96,491 |  |

DEMAND LOGIC LIMITED (REGISTERED NUMBER: 06458599)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

7. | LEASING AGREEMENTS

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

2024 | 2023 |

£ | £ |

| Within one year | 71,760 |  | 71,760 |  |

8. | SECURED DEBTS

| All bank borrowings are secured by a debenture incorporating a fixed and floating charge over all company assets.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 5,754,083 | Ordinary shares | £0.01 | 575 |  | 575 |  |

| 198,400 | Ordinary 'A' shares | £0.01 | 20 |  | 20 |  |

595 |  | 595 |  |

10. | RELATED PARTY DISCLOSURES

| DLL EBT became a shareholder of Demand Logic Limited on 5th April 2019. At the year end, DLL EBT owed the company £59,399 (2023: £59,399)