REGISTERED NUMBER: 08538078 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

CHARGESYNC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M L Hunt

M Wright

H W F Breach

J D Lock

C Jones

N D E Goode

S Bahl

REGISTERED OFFICE:

9 Worton Park

Cassington

Oxfordshire

OX29 4SX

REGISTERED NUMBER:

08538078 (England and Wales)

ACCOUNTANTS:

Camerons Accountancy Consultants Limited

Chartered Accountants

9 Worton Park

Cassington

Witney

Oxfordshire

OX29 4SX

FIXED ASSETS

Tangible assets

4

1,399

3,085

CURRENT ASSETS

Debtors

5

377

1,266

Cash at bank

3,278

11,713

3,655

12,979

CREDITORS

Amounts falling due within one year

6

30,744

73,240

NET CURRENT LIABILITIES

(27,089

)

(60,261

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(25,690

)

(57,176

)

CAPITAL AND RESERVES

Called up share capital

7

127,473

125,817

Share premium

533,469

427,625

Share option reserve

108,484

108,484

Retained earnings

(795,116

)

(719,102

)

SHAREHOLDERS' FUNDS

(25,690

)

(57,176

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

H W F Breach - Director

1.	STATUTORY INFORMATION

Chargesync 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.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Computer equipment

-

33% on cost

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 June 2024

and 31 May 2025

86,689

2,856

89,545

DEPRECIATION

At 1 June 2024

83,604

2,856

86,460

Charge for year

1,686

-

1,686

At 31 May 2025

85,290

2,856

88,146

NET BOOK VALUE

At 31 May 2025

1,399

-

1,399

At 31 May 2024

3,085

-

3,085

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

377

1,266

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

30,744

73,240

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,030

B Shares

1

13,983

12,327

109,500

A Shares

1

109,500

109,500

3,990

C Shares

1

3,990

3,990

127,473

125,817

8.	CONTINGENT LIABILITIES

A contract was agreed with Pivot2Next Consulting LLC on 1 May 2024 which committed Chargesync to a number of contingent liabilities:

£75,000 in cash owed to Pivot2Next for Sid Bahl performing the role of Chief Technology Officer (CTO) from 1 May 2023 to 30 April 2024, contingent on an equity fundraising of £500,000.

£46,500 in cash owed to Pivot2Next for works completed from September 2023 to December 2023 in relation to the development of the Chargesync technology (Optimi). This is contingent on an equity fundraising of £93,000.

£42,000 in cash owed to Pivot2Next for work completed from January 2024 to April 2024, contingent on an equity fundraising of £177,000.

£168,000 in cash owed to Pivot2Next for work completed from 1 May 2024 to 31 December 2024, contingent on £336,000 being left in the bank after paying all previous amounts due to Pivot2Next.

£60,000 in cash owed to Pivot2Next for Sid Bahl performing the CTO role from 1 May 2024 to 31 December 2024, contingent on £456,000 being left in the bank after paying all previous amounts due to Pivot2Next.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors Mr M Hunt and Mr H W F Breach.

10.	SHARE-BASED PAYMENT TRANSACTIONS

A share option scheme was agreed in the year to 31st May 2022, the details of this at 31st May 2025 are as follows:

Number of Options

Total Value

Outstanding at the beginning of the period

2704

£108,484

Granted during the period

-

-

Forfeited during the period

-

-

Exercised during the period

-

-

Expired during the period

-

-

Outstanding at the end of the period

2704

£108,484