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REGISTERED NUMBER: 03568676 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

ABSOLUTE APPLICATIONS LIMITED

ABSOLUTE APPLICATIONS LIMITED (REGISTERED NUMBER: 03568676)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

ABSOLUTE APPLICATIONS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2025

| DIRECTORS: | Mr G Kleanthous

| Mrs A H Sellar

| Mr R J Clark

| SECRETARY: | Mr G Kleanthous

| REGISTERED OFFICE: | 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

| REGISTERED NUMBER: | 03568676 (England and Wales)

| ACCOUNTANTS: | mgr SD Limited

| Chartered Accountants

| 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

ABSOLUTE APPLICATIONS LIMITED (REGISTERED NUMBER: 03568676)

BALANCE SHEET

31 JULY 2025

| 31.7.25 |  | 31.7.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,670 |  | 8,214 |  |

Investments | 5 | 68 |  | 6,883 |  |

3,738 |  | 15,097 |  |

CURRENT ASSETS

Debtors | 6 | 1,108,922 |  | 1,204,414 |  |

Cash at bank | 100,461 |  | 251,118 |  |

1,209,383 |  | 1,455,532 |  |

CREDITORS

Amounts falling due within one year | 7 | (1,021,101 | ) | (1,201,782 | ) |

NET CURRENT ASSETS | 188,282 |  | 253,750 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 192,020 |  | 268,847 |  |

PROVISIONS FOR LIABILITIES | 9 | (918 | ) | (1,903 | ) |

NET ASSETS | 191,102 |  | 266,944 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 81 |  | 81 |  |

Capital redemption reserve | 51 |  | 51 |  |

Retained earnings | 190,970 |  | 266,812 |  |

SHAREHOLDERS' FUNDS | 191,102 |  | 266,944 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

ABSOLUTE APPLICATIONS LIMITED (REGISTERED NUMBER: 03568676)

BALANCE SHEET - continued

31 JULY 2025

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 13 April 2026 and were signed on its behalf by:

Mrs A H Sellar - Director

ABSOLUTE APPLICATIONS LIMITED (REGISTERED NUMBER: 03568676)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| Absolute Applications 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.

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.

| Preparation of consolidated financial statements

| The financial statements contain information about Absolute Applications Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Office equipment | - | 25% on reducing balance

| Fixtures fittings and equipment | - | 25% on reducing balance

| Software licences and database | - | 25% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Fixed asset investments

| Fixed asset investments are stated at cost less adjustment, where necessary, for impairment in value. Impairment charges are recorded if events or changes in circumstances indicate that the carrying value may not be recoverable. If the provision is no longer required, the provision is written back to the profit and loss account.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

ABSOLUTE APPLICATIONS LIMITED (REGISTERED NUMBER: 03568676)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2024 - 6 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |  | Software |

| fittings |  | licences |

| Office |  | and |  | and |

| equipment |  | equipment |  | database |  | Totals

£ | £ | £ | £ |

| COST

| At 1 August 2024 | 14,917 |  | 11,755 |  | 45,203 |  | 71,875 |  |

| Disposals | (5,951 | ) | (11,755 | ) | (45,203 | ) | (62,909 | ) |

| At 31 July 2025 | 8,966 |  | - |  | - |  | 8,966 |  |

| DEPRECIATION

| At 1 August 2024 | 8,796 |  | 10,402 |  | 44,463 |  | 63,661 |  |

| Charge for year | 1,223 |  | - |  | - |  | 1,223 |  |

| Eliminated on disposal | (4,723 | ) | (10,402 | ) | (44,463 | ) | (59,588 | ) |

| At 31 July 2025 | 5,296 |  | - |  | - |  | 5,296 |  |

| NET BOOK VALUE

| At 31 July 2025 | 3,670 |  | - |  | - |  | 3,670 |  |

| At 31 July 2024 | 6,121 |  | 1,353 |  | 740 |  | 8,214 |  |

ABSOLUTE APPLICATIONS LIMITED (REGISTERED NUMBER: 03568676)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

5. | FIXED ASSET INVESTMENTS

| Shares in |

| group |

| undertakings |  | Investments |  | Totals

£ | £ | £ |

| COST

| At 1 August 2024 | - |  | 6,883 |  | 6,883 |  |

| Additions | 68 |  | - |  | 68 |  |

| Disposals | - |  | (6,883 | ) | (6,883 | ) |

| At 31 July 2025 | 68 |  | - |  | 68 |  |

| NET BOOK VALUE

| At 31 July 2025 | 68 |  | - |  | 68 |  |

| At 31 July 2024 | - |  | 6,883 |  | 6,883 |  |

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| Absolute Applications Inc

| Registered office: USA

| Nature of business: Project placement consultancy

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| 31.12.24 |  | 31.12.23

£ | £ |

| Aggregate capital and reserves | 70,850 |  | 4,350 |  |

| Profit/(loss) for the year | 75,258 |  | (4,119 | ) |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.7.25 |  | 31.7.24

£ | £ |

| Trade debtors | 552,724 |  | 619,308 |  |

| Amounts owed by group undertakings | 108,903 |  | 52,645 |  |

| Other debtors | 447,295 |  | 532,461 |  |

1,108,922 |  | 1,204,414 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.7.25 |  | 31.7.24

£ | £ |

| Trade creditors | 147,403 |  | 223,546 |  |

| Taxation and social security | 75,228 |  | 102,113 |  |

| Other creditors | 798,470 |  | 876,123 |  |

1,021,101 |  | 1,201,782 |  |

ABSOLUTE APPLICATIONS LIMITED (REGISTERED NUMBER: 03568676)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.7.25 |  | 31.7.24

£ | £ |

| Factor advances | 456,212 |  | 443,643 |  |

| The factoring account is secured by fixed and floating charges over book debts owed to the company and all other assets.

9. | PROVISIONS FOR LIABILITIES

| 31.7.25 |  | 31.7.24

£ | £ |

| Deferred tax | 918 |  | 1,903 |  |

| Deferred |

| tax |

£ |

| Balance at 1 August 2024 | 1,903 |  |

| Utilised during year | (985 | ) |

| Balance at 31 July 2025 | 918 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.7.25 |  | 31.7.24

| value: | £ | £ |

| 5,000 | Ordinary | 1p | 50 |  | 50 |  |

| 2,000 | Ordinary 'A' | 1p | 20 |  | 20 |  |

| 1,000 | Ordinary 'C' | 1p | 10 |  | 10 |  |

| 100 | Ordinary 'D' | 1p | 1 |  | 1 |  |

81 |  | 81 |  |

11. | PENSION COMMITMENTS

| The company makes payments to a defined contribution pension scheme on behalf of its employees. Amounts charged to the income statement were £6,720 (2024: £15,009) for the year. There were outstanding employer contributions of £617 (2024: £514) at the balance sheet date.

12. | RELATED PARTY DISCLOSURES

| Mr G Kleanthous

| A director of the company.

| Bank facilities are secured by a personal guarantee as provided by Mr G Kleanthous.

ABSOLUTE APPLICATIONS LIMITED (REGISTERED NUMBER: 03568676)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

12. | RELATED PARTY DISCLOSURES - continued

| Absolute Applications Inc

| A company under common control.

| During the year, the company charged Absolute Applications Inc management fees of £27,823 (2024: £22,647). The only other transactions were the advancement and repayment of funds.

| 31.7.25 |  | 31.7.24

£ | £ |

| Amount due from related party at the balance sheet date | 108,903 |  | 52,645 |  |