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Registered number: 05580540
SF Software Limited
Unaudited Financial Statements
For The Year Ended 30 November 2025
SF Software Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
SF Software Limited
Balance Sheet
As At 30 November 2025
Balance Sheet
Registered number: 05580540

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 432,695 |  | 662,886
Tangible Assets | 5 |  | 7,189 |  | 4,002
|  |  | 439,884 |  | 666,888
CURRENT ASSETS
Debtors | 6 | 224,159 |  | 133,110 |
Cash at bank and in hand |  | 169,838 |  | 230,877 |
|  | 393,997 |  | 363,987 |
Creditors: Amounts Falling Due Within One Year | 7 | (441,237 ) |  | (373,512 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (47,240 ) |  | (9,525 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 392,644 |  | 657,363
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (17,361 ) |  | (59,028 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 10 |  | (1,797 ) |  | (731 )
NET ASSETS |  |  | 373,486 |  | 597,604
CAPITAL AND RESERVES
Called up share capital | 11 |  | 191 |  | 191
Share premium account |  |  | 358,620 |  | 358,620
Profit and Loss Account |  |  | 14,675 |  | 238,793
SHAREHOLDERS' FUNDS |  |  | 373,486 |  | 597,604

Page 1
Page 2
SF Software Limited
Balance Sheet (continued)
As At 30 November 2025
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

R H Green Director
10/03/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
SF Software Limited
Notes to the Financial Statements
For The Year Ended 30 November 2025
Notes to the Financial Statements
1. General Information
SF Software Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05580540 . The registered office is Spaceworks, Benton Park Road, Newcastle Upon Tyne, NE7 7LX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Functional and Presentational Currency
The company's functional and presentational currency is GBP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to the profit and loss account on a straight line basis over their expected useful economic lives of three years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 25% straight line
Computer Equipment | 50% straight line

2.5. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initiallly recorded at cost and thereafter at fair value with changes recognised in profit or loss.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
SF Software Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Employee Benefits Policy
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2.9. Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
2.10. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2024: 11)
15 11
4. Intangible Assets

| Development Costs
--- | ---
| £
Cost
As at 1 December 2024 | 2,164,597
As at 30 November 2025 | 2,164,597
Amortisation
As at 1 December 2024 | 1,501,711
Provided during the period | 230,191
As at 30 November 2025 | 1,731,902
Net Book Value
As at 30 November 2025 | 432,695
As at 1 December 2024 | 662,886

Page 4
Page 5
SF Software Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
5. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 December 2024 | 33,286 | 54,283 | 87,569
Additions | 2,351 | 5,266 | 7,617
As at 30 November 2025 | 35,637 | 59,549 | 95,186
Depreciation
As at 1 December 2024 | 32,309 | 51,258 | 83,567
Provided during the period | 649 | 3,781 | 4,430
As at 30 November 2025 | 32,958 | 55,039 | 87,997
Net Book Value
As at 30 November 2025 | 2,679 | 4,510 | 7,189
As at 1 December 2024 | 977 | 3,025 | 4,002

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 201,932 |  | 78,576
Prepayments and accrued income | 20,906 |  | 54,534
Directors' loan accounts | 1,321 |  | -
| 224,159 |  | 133,110

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 7,941 |  | 6,222
Bank loans and overdrafts | 41,667 |  | 41,667
Corporation tax | 924 |  | 118
Other taxes and social security | 17,421 |  | 8,939
VAT | 76,441 |  | 37,263
Other creditors | (40,980 ) |  | (500 )
Accruals and deferred income | 337,823 |  | 279,694
Directors' loan accounts | - |  | 109
| 441,237 |  | 373,512

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 17,361 |  | 59,028

Page 5
Page 6
SF Software Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
9. Secured Creditors
Of the creditors the following amounts are secured. The bank loan is secured by a fixed and floating charge and negative pledge.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 59,028 |  | 100,695

10. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 1,797 |  | 731

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
19,100 Ordinary Shares of £ 0.01 each | 191 |  | 191

12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 December 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 November 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Ryan Green | (109 ) | 1,500 | 71 | - | 1,321

The above loan is unsecured, interest free and repayable on demand.
13. Related Party Transactions
As at 30 November 2025 the company was owed £43,100 by TAC Operations Ltd.
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