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Registration number: 07307269

See Data Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

See Data Ltd

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 10

See Data Ltd

(Registration number: 07307269)
Statement of Financial Position as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 37,867 | 42,707
Current assets |  |  |
Debtors | 6 | 291,035 | 401,455
Cash at bank and in hand |  | 342,736 | 285,251
|  | 633,771 | 686,706
Creditors: Amounts falling due within one year | 7 | (398,696) | (633,838)
Net current assets |  | 235,075 | 52,868
Total assets less current liabilities |  | 272,942 | 95,575
Creditors: Amounts falling due after more than one year | 7 | (180,156) | (10,111)
Net assets |  | 92,786 | 85,464
Capital and reserves |  |  |
Called up share capital |  | 91 | 91
Share premium reserve |  | 190,639 | 190,639
Capital redemption reserve |  | 37 | 37
Profit and loss account |  | (97,981) | (105,303)
Shareholders' funds |  | 92,786 | 85,464

See Data Ltd

(Registration number: 07307269)
Statement of Financial Position as at 31 July 2025 (continued)

For the financial year ending 31 July 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; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 23 April 2026 and signed on its behalf by:

Mr J O James Director

See Data Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Emperor Way
Exeter Business Park
Exeter
Devon
EX1 3QS

Principal activity

The principal activity of the company is that of computer software consultants.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Reclassification of comparative amounts

The Research and Development tax credit received in 2024 has been reclassified with the tax charge from other operating income.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover represents the subscriptions and licences issued for the accounting period, excluding value added tax.

See Data Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Long leasehold property | 10% straight line
Fixtures fittings and equipment | 15% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

See Data Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 5 year straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

Contributions to defined contribution plans are recognised as an expense in the period the related contribution is paid.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

See Data Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 13).

See Data Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 August 2024 | 21,000 | 21,000
At 31 July 2025 | 21,000 | 21,000
Amortisation
At 1 August 2024 | 21,000 | 21,000
At 31 July 2025 | 21,000 | 21,000
Carrying amount
At 31 July 2025 | - | -

5 | Tangible assets

| Fixtures, fittings and equipment £ | Total £
Cost or valuation
At 1 August 2024 | 92,861 | 92,861
Additions | 3,012 | 3,012
Disposals | (2,028) | (2,028)
At 31 July 2025 | 93,845 | 93,845
Depreciation
At 1 August 2024 | 50,154 | 50,154
Charge for the year | 6,810 | 6,810
Eliminated on disposal | (986) | (986)
At 31 July 2025 | 55,978 | 55,978
Carrying amount
At 31 July 2025 | 37,867 | 37,867
At 31 July 2024 | 42,707 | 42,707

See Data Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

6 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 36,674 | 198,450
Other debtors |  | 181,006 | 201,085
Prepayments |  | 2,228 | 1,920
Accrued income |  | 6,962 | -
Income tax asset |  | 64,165 | -
|  | 291,035 | 401,455

See Data Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 44,158 | 10,648
Trade creditors |  | 468 | 1,719
Taxation and social security |  | 13,515 | 21,015
Accruals and deferred income |  | 7,060 | 6,725
Other creditors |  | 333,495 | 593,731
|  | 398,696 | 633,838

Included within creditors is a bank loan balance of £10,514 (2024: £10,648) that has been guaranteed up to 100% of its capital value by the UK Government.

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 180,156 | 10,111

Included within creditors is a bank loan balance of £nil (2024: £10,111) that has been guaranteed up to 100% of its capital value by the UK Government.

8 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

See Data Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

9 | Related party transactions

Transactions with directors

2025 | At 1 August 2024 £ | Advances to director £ | At 31 July 2025 £
Director | 142,899 | 34,489 | 177,388

2024 | At 1 August 2023 £ | Advances to director £ | Repayments by director £ | At 31 July 2024 £
Director | 422 | 142,899 | (422) | 142,899

Interest is payable on overdrawn director's loan accounts at HMRC's official interest rate.