Company No: 07387807 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	4	3,087,054		3,534,603
Tangible assets	5	22,724		8,806
		3,109,778		3,543,409
Current assets
Debtors	6	393,043		473,385
Cash at bank and in hand		191		191
		393,234		473,576
Creditors: amounts falling due within one year	7	( 422,065)		( 423,068)
Net current (liabilities)/assets		(28,831)		50,508
Total assets less current liabilities		3,080,947		3,593,917
Creditors: amounts falling due after more than one year	8	( 38,567)		( 37,446)
Provision for liabilities		( 470,000)		( 575,810)
Accruals and deferred income		( 878,081)		( 941,705)
Net assets		1,694,299		2,038,956
Capital and reserves
Called-up share capital	9	2,896		2,896
Share premium account		25		25
Capital redemption reserve		477		477
Capital contribution reserve		500,000		500,000
Profit and loss account		1,190,901		1,535,558
Total shareholder's funds		1,694,299		2,038,956

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Oneserve Limited (registered number: 07387807) were approved and authorised for issue by the Board of Directors on 16 December 2025. They were signed on its behalf by:

Mr M W Tincknell Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Oneserve Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office and principal place of business is 1 Tiger Moth Road, Skypark, Exeter, EX5 2FW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents the fair value of consideration receivable, excluding Value Added Tax, in the ordinary course of business services provided. Turnover is recognised on the basis of subscriptions with any advanced payments being recognised as deferred income.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax 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 financial statements. Deferred tax 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 on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Development costs	10 years straight line
Website costs	3 years straight line
Other intangible assets	10 years straight line

Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. This period is 10 years. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment

3 - 5 years straight line

Included in Office equipment are Leasehold improvements which are depreciated over 5 years on a straight line basis.
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Critical accounting judgements and key sources of estimation uncertainty

The directors are satisfied, having considered the current financial position and performance of the company, that the going concern assessment (which is a critical accounting judgement) remains appropriate. In making this assessment, the directors have considered recoverability of debtors, future contracts and cash flow projections (from the date of approval of these financial statements) to take account of possible changes in income levels, in order to determine when, and to what extent any further cost management measures may need to be implemented.

In the application of the groups' accounting policies management are required to make estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key estimates that have a significant effect on the amounts recognised in the financial statements are in respect of the carrying value of intangible assets.

Intangible fixed asset software costs are carried at cost, less accumulated amortisation and any subsequent accumulated impairment loss. This requires an estimation in the amortisation rates used as well as assessment of the ongoing economic contribution of the assets of the company as to whether an indicator of impairment has occurred.

The carrying amount is £3,044,355 (2024 - £3,520,084).

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	22		25

4. Intangible assets

	Development costs		Website costs		Other intangible assets		Total
	£		£		£		£
Cost
At 01 April 2024	7,768,394		58,766		2,978		7,830,138
Additions	170,276		42,664		0		212,940
At 31 March 2025	7,938,670		101,430		2,978		8,043,078
Accumulated amortisation
At 01 April 2024	4,248,310		46,950		275		4,295,535
Charge for the financial year	646,005		14,184		300		660,489
At 31 March 2025	4,894,315		61,134		575		4,956,024
Net book value
At 31 March 2025	3,044,355		40,296		2,403		3,087,054
At 31 March 2024	3,520,084		11,816		2,703		3,534,603

5. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 April 2024	170,182		170,182
Additions	21,397		21,397
Disposals	( 2,741)		( 2,741)
At 31 March 2025	188,838		188,838
Accumulated depreciation
At 01 April 2024	161,376		161,376
Charge for the financial year	7,479		7,479
Disposals	( 2,741)		( 2,741)
At 31 March 2025	166,114		166,114
Net book value
At 31 March 2025	22,724		22,724
At 31 March 2024	8,806		8,806

6. Debtors

	2025		2024
	£		£
Trade debtors	172,175		349,468
Amounts owed by Group undertakings	793		793
Prepayments	192,490		123,124
Corporation tax	27,585		0
	393,043		473,385

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts (secured)	95,841		143,485
Trade creditors	72,741		70,669
Accruals	81,935		47,275
Other taxation and social security	145,138		146,787
Obligations under finance leases and hire purchase contracts (secured)	5,228		866
Other creditors	21,182		13,986
	422,065		423,068

Included within bank loans and overdrafts are balances totalling £95,841 (2024 - £91,900) which are secured and have a fixed and floating charge against the assets of the company.

The hire purchase liabilities are secured upon the assets to which the liabilities relate.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts (secured)	5,957		0
Other creditors	32,610		37,446
	38,567		37,446

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
114,625 Employee Ordinary shares of £ 0.001 each	115		115
625,958 Ordinary shares of £ 0.001 each	626		626
	741		741
2,155,000 Preference shares of £ 0.001 each	2,155		2,155
	2,896		2,896

10. Financial commitments

Other financial commitments

The total amount of financial commitments not included in the balance sheet is £277,866 (2024 - £389,012).