SPENDKEY LIMITED - Accounts

SPENDKEY LIMITED
Balance Sheet
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	157	388
Investments	4	1,004	1,004
		1,161	1,392
Current assets
Debtors		123,170	67,064
Cash at bank and in hand		2,344	78,133
		125,514	145,197
Creditors: amount falling due within one year		(99,741)	(45,860)
Net current assets		25,773	99,337

Total assets less current liabilities		26,934	100,729
Accruals and deferred income		(90,700)	0
Provisions for liabilities		(52)	0
Net assets		(63,818)	100,729

Capital and reserves
Called up share capital	5	1,146	1,146
Share premium account		704,077	704,077
Profit and loss account		(769,041)	(604,494)
Shareholders' funds		(63,818)	100,729

For the year ended 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 members have not required the company to obtain an audit of its accounts for the year in question 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 accounts.

These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 07 December 2025 and were signed on its behalf by:

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Alexander John Grundy
Director

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Akshay Somnath Upadhye
Director

SPENDKEY LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

SPENDKEY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13024995, registration address 213 Kingsbury Road Shri Abji, Bapashree House, Suite 15,, London, England, NW98AQ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The financial statements have been prepared on a going concern basis. The directors believe that the company is experiencing good levels of sales growth, and that it is well placed to manage its business risks successfully. The company met its day to day capital requirements through funding from investors. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the companys activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Revenue from providing services is recognized on accrual basis upon completion of the related services provided the consideration is reliably determinable and no significant uncertainty exists regarding the collection of the consideration.

Revenue from the sale of SAAS subscription is recognized on a straight line basis over the period of the plan.

Research and development expenditure

Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

25% Straight Line

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

2.	Average number of employees Average number of employees during the year was 3 (2024 : 4).

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 April 2024	926	926
Additions	-	-
Disposals	-	-
At 31 March 2025	926	926
Depreciation
At 01 April 2024	538	538
Charge for year	231	231
On disposals	-	-
At 31 March 2025	769	769
Net book values
Closing balance as at 31 March 2025	157	157
Opening balance as at 01 April 2024	388	388

Investments

Cost	Investments in group undertakings	Total
	£	£
At 01 April 2024	1,004	1,004
Additions	-	-
Disposals	-	-
At 31 March 2025	1,004	1,004

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
10,721,829 Class A shares of £0.0001 each	1,072	1,072
255,000 Class B shares of £0.0001 each	26	26
479,517 Class H shares of £0.0001 each	48	48
	1,146	1,146

Registered Number: 13024995
England and Wales
SPENDKEY LIMITED

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025