REGISTERED NUMBER: 08601463 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 July 2025

for

ILE SOLUTIONS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

Mr M D Rockall

Mr I R Taylor

Mr S D Tomlin

Mr M L French

Mr P S Crawley

Mr S Notton-Brown

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

08601463 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Intangible assets

4

-

46,755

Tangible assets

5

25,583

101,910

25,583

148,665

Current assets

Stocks

179,991

38,462

Debtors

6

2,288,017

760,902

Cash at bank

-

172,704

2,468,008

972,068

Creditors

Amounts falling due within one year

7

1,649,230

354,598

Net current assets

818,778

617,470

Total assets less current liabilities

844,361

766,135

Creditors

Amounts falling due after more than one year

8

-

22,613

Net assets

844,361

743,522

Capital and reserves

Called up share capital

10

1,000

1,000

Revaluation reserve

11

-

11,745

Retained earnings

843,361

730,777

Shareholders' funds

844,361

743,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

Mr I R Taylor - Director

1.	Statutory information

ILE Solutions Ltd 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 as modified by the revaluation of certain assets.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Crypto currencies is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33.3% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

3.	Employees and directors

The average number of employees during the year was 20 (2024 - 16 ) .

4.	Intangible fixed assets

Crypto

currencies

£

Cost or valuation

At 31 July 2024

46,755

Disposals

(35,010

)

Revaluations

(11,745

)

At 30 July 2025

-

Net book value

At 30 July 2025

-

At 30 July 2024

46,755

Cost or valuation at 30 July 2025 is represented by:

Crypto

currencies

£

Valuation in 2023

5,230

Valuation in 2024

6,515

Valuation in 2025

(11,745

)

5.	Tangible fixed assets

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 31 July 2024

21,795

198,207

18,864

238,866

Additions

11,631

-

9,446

21,077

Disposals

(2,982

)

(158,457

)

-

(161,439

)

At 30 July 2025

30,444

39,750

28,310

98,504

Depreciation

At 31 July 2024

14,532

111,699

10,725

136,956

Charge for year

5,024

10,668

5,706

21,398

Eliminated on disposal

(2,816

)

(82,617

)

-

(85,433

)

At 30 July 2025

16,740

39,750

16,431

72,921

Net book value

At 30 July 2025

13,704

-

11,879

25,583

At 30 July 2024

7,263

86,508

8,139

101,910

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

253,042

170,097

Other debtors

2,034,975

590,805

2,288,017

760,902

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

147,317

9,343

Hire purchase contracts (see note 9)

-

20,610

Trade creditors

434,409

83,692

Amounts owed to group undertakings

58,628

59,886

Taxation and social security

314,361

55,238

Other creditors

694,515

125,829

1,649,230

354,598

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

-

9,814

Hire purchase contracts (see note 9)

-

12,799

-

22,613

9.	Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

-

20,610

Between one and five years

-

12,799

-

33,409

Non-cancellable

operating leases

2025

2024

£

£

Within one year

114,972

-

Between one and five years

131,115

-

246,087

-

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

1

1,000

1,000

11.

Reserves

Revaluation

reserve

£

At 31 July 2024

11,745

Revaluation

(11,745

)

At 30 July 2025

-

12.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in other creditors due within one year is an amount totalling £nil (2024 other creditors: £59,377)

owed to PSV Glass and Glazing Limited, a company associated with P M Andrews. During the year, purchases of £64,793 (2024: £56,121) and sales of £nil (2024: £363) were made in the ordinary course of business with PSV Glass and Glazing Limited.

Included within other debtors due within one year is an amount totalling £326,986 (2024: £263,879) due from the directors as at the balance sheet date. The maximum outstanding during the year was £323,986 (2024: £260,879) and interest of £6,093 (2024: £5,695 ) has been charged at the HMRC official rate.

13.	Ultimate parent company

The ultimate parent company is TT Seven Limited.