Caseware UK (AP4) 2023.0.135 2023.0.135 Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.21 true 2024-01-01 false 18 false false false 07887285 2024-01-01 2025-06-30 07887285 2023-01-01 2023-12-31 07887285 2025-06-30 07887285 2023-12-31 07887285 2023-01-01 07887285 4 2024-01-01 2025-06-30 07887285 4 2023-01-01 2023-12-31 07887285 1 2024-01-01 2025-06-30 07887285 e:Director1 2024-01-01 2025-06-30 07887285 e:Director1 2025-06-30 07887285 e:Director2 2024-01-01 2025-06-30 07887285 e:Director2 2025-06-30 07887285 e:Director3 2024-01-01 2025-06-30 07887285 e:Director3 2025-06-30 07887285 e:Director4 2024-01-01 2025-06-30 07887285 e:Director4 2025-06-30 07887285 e:Director5 2024-01-01 2025-06-30 07887285 e:Director5 2025-06-30 07887285 e:Director6 2024-01-01 2025-06-30 07887285 e:Director6 2025-06-30 07887285 e:Director7 2024-01-01 2025-06-30 07887285 e:Director7 2025-06-30 07887285 e:Director8 2024-01-01 2025-06-30 07887285 e:Director8 2025-06-30 07887285 e:Director9 2024-01-01 2025-06-30 07887285 e:Director9 2025-06-30 07887285 e:RegisteredOffice 2024-01-01 2025-06-30 07887285 e:Agent1 2024-01-01 2025-06-30 07887285 e:Agent2 2024-01-01 2025-06-30 07887285 d:FurnitureFittings 2024-01-01 2025-06-30 07887285 d:FurnitureFittings 2025-06-30 07887285 d:FurnitureFittings 2023-12-31 07887285 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2025-06-30 07887285 d:ComputerEquipment 2024-01-01 2025-06-30 07887285 d:ComputerEquipment 2025-06-30 07887285 d:ComputerEquipment 2023-12-31 07887285 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2025-06-30 07887285 d:OwnedOrFreeholdAssets 2024-01-01 2025-06-30 07887285 d:CurrentFinancialInstruments 2025-06-30 07887285 d:CurrentFinancialInstruments 2023-12-31 07887285 d:ReportableOperatingSegment1 2024-01-01 2025-06-30 07887285 d:ReportableOperatingSegment1 2023-01-01 2023-12-31 07887285 d:UKTax 2024-01-01 2025-06-30 07887285 d:UKTax 2023-01-01 2023-12-31 07887285 d:ShareCapital 2024-01-01 2025-06-30 07887285 d:ShareCapital 2025-06-30 07887285 d:ShareCapital 2023-12-31 07887285 d:ShareCapital 2023-01-01 07887285 d:SharePremium 2024-01-01 2025-06-30 07887285 d:SharePremium 2025-06-30 07887285 d:SharePremium 2023-12-31 07887285 d:SharePremium 2023-01-01 07887285 d:RetainedEarningsAccumulatedLosses 2024-01-01 2025-06-30 07887285 d:RetainedEarningsAccumulatedLosses 2025-06-30 07887285 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 07887285 d:RetainedEarningsAccumulatedLosses 2023-12-31 07887285 d:RetainedEarningsAccumulatedLosses 2023-01-01 07887285 e:OrdinaryShareClass1 2024-01-01 2025-06-30 07887285 e:OrdinaryShareClass1 2023-01-01 2023-12-31 07887285 e:OrdinaryShareClass1 2025-06-30 07887285 e:OrdinaryShareClass1 2023-12-31 07887285 e:FRS102 2024-01-01 2025-06-30 07887285 e:Audited 2024-01-01 2025-06-30 07887285 e:FullAccounts 2024-01-01 2025-06-30 07887285 e:PrivateLimitedCompanyLtd 2024-01-01 2025-06-30 07887285 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-01-01 2025-06-30 07887285 f:PoundSterling 2024-01-01 2025-06-30 xbrli:shares iso4217:GBP xbrli:pure

Financial Statements Inform Direct Limited (formerly Anglia Registrars Ltd) For the 18-month financial period ended 30 June 2025 Registered number: 07887285
Inform Direct Limited (formerly Anglia Registrars Ltd)
Company Information
Directors | Andrew Brown (appointed 1 December 2025)
| Robert McKay (appointed 29 October 2024)
| Stephen Murdoch (appointed 29 October 2024)
| Ross Webster (appointed 27 March 2025, resigned 1 December 2025)
| Henry Catchpole (resigned 27 March 2025)
| Gerald Bunting (resigned 29 October 2024)
| Johnathan Korchak (resigned 29 October 2024)
| Blaine Peakall (resigned 29 October 2024)
| Alexander Scott-Barrett (resigned 29 October 2024)
Registered number | 07887285
Registered office | 3 Shortlands
| London
| England
| W6 8DA
Independent auditor | Grant Thornton
| Chartered Accountants & Statutory Auditors
| 13-18 City Quay
| Dublin 2
| Ireland
Bankers | HSBC UK
| 12 Tavern St
| Ipswich
| Suffolk
| IP1 3AZ
Solicitors | Howes Percival
| Terrington House
| 13-15 Hills Road
| Cambridge
| Cambridgeshire
| CB2 1NL
| Birketts LLP Providence House 141-145 Princes Street Ipswich IP1 1QJ
Inform Direct Limited (formerly Anglia Registrars Ltd)
Contents
| Page
Directors' report | 1 - 2
Directors' responsibilities statement | 3
Independent auditor's report | 4 - 7
Statement of comprehensive income | 8
Statement of financial position | 9
Statement of changes in equity | 10
Notes to the financial statements | 11 - 21
Inform Direct Limited (formerly Anglia Registrars Ltd)
Directors' report For the 18-month financial period ended 30 June 2025 The Directors present their report and the audited financial statements for the 18-month financial period ended 30 June 2025. The comparative information for the period ended 31 December 2023 has not been audited.
Principal activity
The principal activity of the Company is the provision of software publishing and IT services. The company have changed its name from Anglia Registrars Ltd to Inform Direct Limited on date 10 April 2025. On 11 October 2024, Bright SG Limited entered a contract to acquire the entire issued share capital of the Company.
Results and dividends
The profit for the 18-month financial period, after taxation, amounted to £594,773 (2023 Unaudited: £340,179). No dividends were paid nor proposed during the financial period ended 30 June 2025 (2023 Unaudited: £Nil).
Directors
The Directors who served during the 18-month financial period were:
Robert McKay (appointed 29 October 2024)
Stephen Murdoch (appointed 29 October 2024)
Ross Webster (appointed 27 March 2025, resigned 1 December 2025)
Henry Catchpole (resigned 27 March 2025)
Gerald Bunting (resigned 29 October 2024)
Johnathan Korchak (resigned 29 October 2024)
Blaine Peakall (resigned 29 October 2024)
Alexander Scott-Barrett (resigned 29 October 2024)
Political contributions
The Company made no political or charitable contributions during the 18-month financial period that would require disclosure in the financial statements (2023 Unaudited: £Nil).
Research and development activities
The Company did not engage in any research and development activities during the year ended 30 June 2025 (2023 Unaudited: £Nil).
Branches outside the United Kingdom
There are no branches of the Company outside the UK.
Statement on relevant audit information
Each of the persons who are Directors at the time when this Directors' report is approved has confirmed that: ∙so far as the Director is aware, there is no relevant audit information of which the Company's auditor is unaware, and ∙the Director has taken all the steps that ought to have been taken as a Director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information. Page 1
Inform Direct Limited (formerly Anglia Registrars Ltd)
Directors' report (continued) For the 18-month financial period ended 30 June 2025
Events since the end of the financial period
There have been no significant events affecting the Company since the financial year end.
Auditor
The auditor, Grant Thornton, was appointed during the year in accordance with section 485 of the Companies Act 2006 and will continue in office.
Small companies note
In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the board and signed on its behalf.
Robert McKay Director
Date: 12 March 2026
Page 2
Inform Direct Limited (formerly Anglia Registrars Ltd)
Directors' responsibilities statement For the 18-month financial period ended 30 June 2025 The Directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the Directors are required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgments and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the board Robert McKay Director Date: 12 March 2026 Page 3
Independent auditor's report to the members of Inform Direct Limited (formerly Anglia Registrars Ltd)
Opinion
We have audited the financial statements of Inform Direct Limited (formerly Anglia Registrars Ltd) ('the Company'), which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity for the 18-month financial period ended 30 June 2025, and the related notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in the preparation of the financial statements is applicable law and accounting standards issued by the Financial Reporting Council, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice). In our opinion, Inform Direct Limited (formerly Anglia Registrars Ltd)'s financial statements: ∙give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice of the assets, liabilities and financial position of the Company as at 30 June 2025 and of its financial performance for the 18-month financial period then ended; and ∙have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) ('ISAs (UK)') and applicable law. Our responsibilities under those standards are further described in the 'Responsibilities of the auditor for the audit of the financial statements' section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the FRC's Ethical Standard and the ethical pronouncements established by Chartered Accountants Ireland, applied as determined to be appropriate in the circumstances of the entity. We have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue. Our responsibilities, and the responsibilities of the Directors, with respect to going concern are described in the relevant sections of this report. Page 4
Independent auditor's report to the members of Inform Direct Limited (formerly Anglia Registrars Ltd) (continued)
Other matter
For the financial year ended 31 December 2023, the Company was not required to obtain audited financial statements as the Company qualified as small under company law and availed of the small company audit exemption. Therefore, the corresponding figures have not been audited.
Other information
Other information comprises the information included in the Annual Report, other than the financial statements and our Auditor's report thereon, including the Directors' report. The Directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies in the financial statements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: ∙the information given in the Directors' report for the 18-month financial period for which the financial statements are prepared is consistent with the financial statements, and ∙the Directors' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment we have obtained in the course of the audit, we have not identified material misstatements in the Directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ∙the financial statements are not in agreement with the accounting records and returns; or ∙certain disclosures of Directors' remuneration specified by law are not made; or ∙we have not received all the information and explanations we require for our audit; or ∙the Directors were not entitled to take advantage of the small companies' exemptions from the requirement to prepare a strategic report or in preparing the Directors' report. Page 5
Independent auditor's report to the members of Inform Direct Limited (formerly Anglia Registrars Ltd) (continued)
Responsibilities of management and those charged with governance for the financial statements
Management is responsible for the preparation of the financial statements which give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice, including FRS102 and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intend to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Company's financial reporting process.
Responsibilities of the auditor for the audit of the financial statements
The objectives of an auditor are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes their opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of an auditor's responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatement in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with ISAs (UK). The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below: Based on our understanding of the Company and industry, we identified that the principal risks of non compliance with laws and regulations related to compliance with Data Privacy and Employment laws and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and local UK tax legislation. The audit engagement partner considered the experience and expertise of the engagement team to ensure that the team had appropriate competence and capabilities to identify or recognise noncompliance with the laws and regulation. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to manipulate financial performance and management bias through judgements and assumptions in significant accounting estimates, in particular in relation to significant one-off or unusual transactions. We apply professional skepticism through the audit to consider potential deliberate omission or concealment of significant transactions, or incomplete/inaccurate disclosures in the financial statement. Page 6
Independent auditor's report to the members of Inform Direct Limited (formerly Anglia Registrars Ltd) (continued) Responsibilities of the auditor for the audit of the financial statements (continued) Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud (continued) ∙inquiries of management on the policies and procedures in place regarding compliance with laws and regulations, including consideration of known or suspected instances of non-compliance and whether they have knowledge of any actual, suspected or alleged fraud; ∙inspection of the Company's regulatory and legal correspondence and review of minutes of board meetings during the year to corroborate inquiries made; ∙gaining an understanding of the entity’ current activities, the scope of authorisation and the effectiveness of its control environment to mitigate risks related to fraud; ∙discussion amongst the engagement team in relation to the identified laws and regulations and regarding the risk of fraud, and remaining alert to any indications of non-compliance or opportunities for fraudulent manipulation of financial statements throughout the audit; ∙identifying and testing journal entries to address the risk of inappropriate journals and management override of controls; ∙designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing; ∙challenging assumptions and judgements made by management in their significant accounting estimates, including timing of revenue recognition and impairment assessment of trade debtors and other assets; and ∙review of the financial statement disclosures to underlying supporting documentation and inquiries of management. The primary responsibility for the prevention and detection of irregularities including fraud rests with those charged with governance and management. As with any audit, there remains a risk of non-detection or irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or override of internal controls.
The purpose of our audit work and to whom we owe our responsibilities
This report is made solely to the Company’s members, as a body, in accordance with chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed. Jason Crawford (Senior statutory auditor) for and on behalf of Grant Thornton Chartered Accountants & Statutory Auditors 13-18 City Quay Dublin 2 Date: 12 March 2026 Page 7
Inform Direct Limited (formerly Anglia Registrars Ltd)
Statement of comprehensive income For the 18-month financial period ended 30 June 2025
| 18-month period ended 30 June | Year ended 31 December
| 2025 | 2023
Note | £ | (Unaudited) £
Turnover | 4 | 4,035,999 | 2,025,814
Cost of sales |  | (236,682) | (86,101)
Gross profit |  | 3,799,317 | 1,939,713
Administrative expenses |  | (2,925,054) | (1,570,307)
Other operating income | 5 | 5,000 | 5,000
Operating profit |  | 879,263 | 374,406
Interest receivable | 9 | 39,515 | 21,992
Profit before taxation |  | 918,778 | 396,398
Tax on profit | 10 | (324,005) | (56,219)
Profit for the financial period/year |  | 594,773 | 340,179
All amounts relate to continuing operations. There was no other comprehensive income for the 18-month financial period ended 30 June 2025 (2023 Unaudited: £Nil).
The notes on pages 11 to 21 form part of these financial statements.
Page 8
Inform Direct Limited (formerly Anglia Registrars Ltd) Registered number:07887285
Statement of financial position As at 30 June 2025
|  | As at 30 June |  | As at 31 December
|  | 2025 |  | 2023
Note |  | £ |  | (Unaudited) £
Fixed assets |  |  |  |  |
Tangible fixed assets | 11 |  | - |  | 7,789
|  |  | - |  | 7,789
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 12 | 2,085,833 |  | 361,465 |
Cash at bank | 13 | 833,928 |  | 1,709,389 |
|  | 2,919,761 |  | 2,070,854 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 14 | (458,784) |  | (249,998) |
Net current assets |  |  | 2,460,977 |  | 1,820,856
Net assets |  |  | 2,460,977 |  | 1,828,645
Capital and reserves |  |  |  |  |
Called up share capital | 15 |  | 16,163 |  | 14,324
Share premium account | 16 |  | 1,778,843 |  | 1,743,123
Profit and loss account | 16 |  | 665,971 |  | 71,198
Shareholders' Equity |  |  | 2,460,977 |  | 1,828,645
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Robert McKay
Director
Date: 12 March 2026
The notes on pages 11 to 21 form part of these financial statements. Page 9
Inform Direct Limited (formerly Anglia Registrars Ltd)
Statement of changes in equity For the 18-month financial period ended 30 June 2025
| Called up share capital | Share premium account | Profit and loss account | Total equity
| £ | £ | £ | £
At 1 January 2024 | 14,324 | 1,743,123 | 71,198 | 1,828,645
Total comprehensive income for the 18-month financial period |  |  |  |
Profit for the financial period | - | - | 594,773 | 594,773
Issue of shares | 1,839 | 35,720 | - | 37,559
At 30 June 2025 | 16,163 | 1,778,843 | 665,971 | 2,460,977
Statement of changes in equity For the year ended 31 December 2023 (Unaudited)
| Called up share capital | Share premium account | Profit and loss account | Total equity
| £ | £ | £ | £
At 1 January 2023 | 14,324 | 1,743,123 | (268,981) | 1,488,466
Total comprehensive income for the year |  |  |  |
Profit for the year | - | - | 340,179 | 340,179
At 31 December 2023 | 14,324 | 1,743,123 | 71,198 | 1,828,645
| The notes on pages 11 to 21 form part of these financial statements.
Page 10
Inform Direct Limited (formerly Anglia Registrars Ltd)
Notes to the financial statements For the 18-month financial period ended 30 June 2025
1. | General information
Inform Direct Limited is a private company limited by shares incorporated in England and Wales (registered number 07887285 period). The registered office is 3 Shortlands, London, W6 8DA, England. On 11 October 2024, Bright SG Limited entered a contract to acquire the entire issued share capital of the Company. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP (£). Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash at bank are presented in the Statement of comprehensive income within 'administrative expense'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 11
Inform Direct Limited (formerly Anglia Registrars Ltd)
Notes to the financial statements For the 18-month financial period ended 30 June 2025 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Subscription services The Company generates revenue from subscription fees for access to its company secretarial software. Revenue from these contracts is recognised on a straight-line basis over the subscription term, as customers simultaneously receive and consume the benefits of the service. Filing services The Company also provides filing services in connection with Companies House statutory submissions. In these transactions, the Company acts as agent. Accordingly, only the service fee retained by the Company is recognised as revenue, at the point in time when the filing is submitted. Companies House filing fees collected on behalf of clients are excluded from revenue.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.6 | Current and deferred taxation
The tax expense for the 18-month financial period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Page 12
Inform Direct Limited (formerly Anglia Registrars Ltd)
Notes to the financial statements For the 18-month financial period ended 30 June 2025 2.Accounting policies (continued)
| 2.6 | Current and deferred taxation (continued)
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 20% |
|  |  |  | Computer equipment | - | 20% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.9 | Cash at bank
Cash at bank is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Page 13
Inform Direct Limited (formerly Anglia Registrars Ltd)
Notes to the financial statements For the 18-month financial period ended 30 June 2025 2.Accounting policies (continued)
| 2.10 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
When preparing the financial statements, management undertakes a number of judgements, estimates and assumptions about recognition and measurement of assets, liabilities, income and expenses. The following are significant management judgements in applying the accounting policies of the Company that have the most significant effect on the financial statements. Timing of revenue recognition The Company exercises judgment in determining when the customer has received and consumed the benefits of the service. Revenue is generally recognized over the term of the contract as the customer receives and consumes the benefits of the service. Where there is uncertainty as to the exact timing of delivery or benefits, the Company will apply its judgment to determine the most appropriate method for recognizing revenue over the term of the contract. Bad debt provision The Company estimates the bad debts provision related to its debtors based on assessment of specific accounts when the Company has information that certain counterparties are unable to meet their financial obligations. In these cases, judgment used was based on the best available facts and circumstances, including but not limited to, the length of relationship with the counterparty and the counterparty’s current credit status based on credit reports and known market factors. The Company used judgment to record specific reserves for counterparties against amounts due to reduce the expected collectible amounts. These specific reserves are re-evaluated and adjusted as additional information received impacts the amounts estimated. The amounts and timing of recorded expenses for any period would differ if different judgments were made or different estimates were utilised. Impairment In assessing impairment, management estimates the recoverable amount of each asset or cash- generating units based on expected future cash flows and uses an interest rate to discount them. Estimation uncertainty relates to assumptions about future operating results and the determination of a suitable discount rate. Page 14
Inform Direct Limited (formerly Anglia Registrars Ltd)
Notes to the financial statements For the 18-month financial period ended 30 June 2025
4. | Turnover
| An analysis of turnover by class of business is as follows:
|  |  |  |  | 18-month period ended 30 June | Year ended 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | (Unaudited) £
| Subscription and filing revenue | 4,035,999 | 2,025,814
| All turnover arose within the United Kingdom.
5. | Other operating income
|  |  |  |  | 18-month period ended 30 June | Year ended 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | (Unaudited) £
| Sundry income | 5,000 | 5,000
6. | Operating profit
| The operating profit is stated after charging:
|  |  |  |  | 18-month period ended 30 June | Year ended 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
| Exchange differences | - | 60
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Inform Direct Limited (formerly Anglia Registrars Ltd)
Notes to the financial statements For the 18-month financial period ended 30 June 2025
7. | Employees
| Staff costs, including Directors' remuneration, were as follows:
|  |  |  |  | 18-month period ended 30 June | Year ended 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | (Unaudited) £
| Wages and salaries | 1,341,771 | 702,773
| Social security costs | 143,963 | 73,555
| Cost of defined contribution scheme | 151,266 | 61,806
|  | 1,637,000 | 838,134
| The average monthly number of employees, including the Directors, during the 18-month financial period was as follows:
|  |  | 18-month period ended 30 June | Year ended 31 December
|  |  | 2025 | 2023
|  |  | No. | No.
|  | Employees | 21 | 18
8. | Directors' remuneration
|  |  |  |  | 18-month period ended 30 June | Year ended 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | (Unaudited) £
| Directors' emoluments | 143,205 | 120,722
| Company contributions to defined contribution pension schemes | 10,167 | 7,948
|  | 153,372 | 128,670
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Inform Direct Limited (formerly Anglia Registrars Ltd)
Notes to the financial statements For the 18-month financial period ended 30 June 2025
9. | Interest receivable
|  |  |  |  | 18-month period ended 30 June | Year ended 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | (Unaudited) £
| Other interest receivable | 39,515 | 21,992
10. | Taxation
|  |  |  |  | 18-month period ended 30 June | Year ended 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | (Unaudited) £
| Current tax on profits for the year | - | (56,219)
| Adjustments in respect of previous periods | - | 56,219
| Deferred tax |  |
| Origination and reversal of timing differences | 324,005 | 56,219
| Tax on profit | 324,005 | 56,219
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Inform Direct Limited (formerly Anglia Registrars Ltd)
Notes to the financial statements For the 18-month financial period ended 30 June 2025 10.Taxation (continued)
| Factors affecting tax charge for the 18-month financial period/year
| The tax assessed for the 18-month financial period/year is higher than (2023 - lower than) the standard rate of corporation tax in the UK of 25% (2023: 25%). The differences are explained below:
|  |  |  |  | 18-month period ended 30 June | Year ended 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 918,778 | 396,398
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023: 25%) | 229,695 | 99,100
| Effects of: |  |
| Expenses not deductible for tax purposes | 9,971 | 219
| Capital allowances for the year in excess of depreciation | 1,947 | (283)
| Deferred tax movement | 324,005 | 56,219
| R&D expenditure credits | - | (24,272)
| Relief from losses brought forward | (251,492) | (69,266)
| Group relief surrendered | 9,879 | (5,498)
| Total tax charge for the 18-month financial period/year | 324,005 | 56,219
| Factors that may affect future tax charges
There were no factors that may affect future tax charges. Page 18
Inform Direct Limited (formerly Anglia Registrars Ltd)
Notes to the financial statements For the 18-month financial period ended 30 June 2025
11. | Tangible fixed assets
|  | Fixtures and fittings | Computer equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 31 December 2023 (Unaudited) | 1,849 | 5,940 | 7,789
| At 30 June 2025 | 1,849 | 5,940 | 7,789
| Depreciation |  |  |
| Charge for the 18-month period on owned assets | 1,849 | 5,940 | 7,789
| At 30 June 2025 | 1,849 | 5,940 | 7,789
| Net book value |  |  |
| At 30 June 2025 | - | - | -
| At 31 December 2023 (Unaudited) | 1,849 | 5,940 | 7,789
12. | Debtors
|  |  |  |  | As at 30 June | As at 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | (Unaudited) £
| Amounts owed by group undertakings | 2,000,000 | -
| Other debtors | 68,847 | -
| Prepayments and accrued income | 16,986 | 37,460
| Deferred taxation | - | 324,005
|  | 2,085,833 | 361,465
| Amounts owed by group undertakings are unsecured, interest free and payable on demand.
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Inform Direct Limited (formerly Anglia Registrars Ltd)
Notes to the financial statements For the 18-month financial period ended 30 June 2025
13. | Cash at bank
|  |  |  |  | As at 30 June | As at 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | (Unaudited) £
| Cash at bank | 833,928 | 1,709,389
14. | Creditors: Amounts falling due within one year
|  |  |  |  | As at 30 June | As at 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | (Unaudited) £
| Trade creditors | 46,292 | 40,421
| Amounts owed to group undertakings | 24,748 | -
| Other taxation and social security | 189,225 | 104,302
| Other creditors | 7,287 | 2,819
| Accruals | 191,232 | 102,456
|  | 458,784 | 249,998
| Amounts owed to group undertakings are unsecured, interest free and repayable on demand. Other taxes and social secrity and accruals are repayable at various dates over the coming months in accordance with the applicable statutory provisions.
15. | Share capital
|  |  |  |  | As at 30 June | As at 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | (Unaudited) £
|  | Allotted, called up and fully paid |  |
|  | 1,616,300 (2023: 1,432,400) Ordinary shares of £0.01 each | 16,163 | 14,324
16. | Reserves
Profit and loss account Profit and loss account includes all current and prior period retained profits and losses. Page 20
Inform Direct Limited (formerly Anglia Registrars Ltd)
Notes to the financial statements For the 18-month financial period ended 30 June 2025
17. | Related party transactions
| The Company has availed of the exemptions in FRS102 Section 33, Paragraph 33.1A which allows nondisclosure of transactions between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member. Key management personnel include the directors and certain members of senior management who have authority and responsibility for planning, directing and controlling the activities of the Company. Directors’ remuneration is disclosed separately in Note 8.
18. | Events after the reporting period
There have been no significant events affecting the Company since the financial year end, which require adjustment to or disclosure in these financial statements.
19. | Ultimate controlling party
The Company is a wholly owned subsidiary of Bright SG Limited a company incorporated in the United Kingdom. The ultimate controlling party is P3R Topco Limited, a company registered in Jersey, the Channel Islands. The largest group for which consolidated financial statements are prepared is P3R Midco 1 Limited. Copies of these consolidated financial statements are available at Unit 35, Duleek Business Park, Duleek, Co. Meath, Ireland.
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