Concertim Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10095215

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		64,699		68,743
Tangible Assets	5		31,448		29,479

			96,147		98,222
CURRENT ASSETS
Debtors	6	441,187		248,335
Cash at bank and in hand		126,543		369,055

		567,730		617,390
Creditors: Amounts Falling Due Within One Year	7	(536,928 )		(563,659 )

NET CURRENT ASSETS (LIABILITIES)			30,802		53,731

TOTAL ASSETS LESS CURRENT LIABILITIES			126,949		151,953

Creditors: Amounts Falling Due After More Than One Year	8		(76,000 )		(124,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,975 )		(5,602 )

NET ASSETS			44,974		22,351

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			44,874		22,251

SHAREHOLDERS' FUNDS			44,974		22,351

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Concertim Limited

Balance Sheet (continued)

As At 31 July 2025

For the 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.

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

Mr Mark Titorenko

Director

28/04/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Concertim Limited Registered number 10095215 is a limited by shares company incorporated in England & Wales. The Registered Office is 4 Murdock Road, Bicester, Oxon, OX26 4PP.

The company changed it's name from Alces Flight Limited to Concertim Limited on 12 September 2025.

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.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are in relation to the purchase of intellectual property. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.4. 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.

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.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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	20% Straight line
Computer Equipment	33.3% Straight line

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	8	10
Developers	7	12

	15	22

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Concertim Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 August 2024	80,875

As at 31 July 2025	80,875

Amortisation
As at 1 August 2024	12,132
Provided during the period	4,044

As at 31 July 2025	16,176

Net Book Value
As at 31 July 2025	64,699

As at 1 August 2024	68,743

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 August 2024	43,280	71,644	114,924
Additions	3,925	21,253	25,178
Disposals	-	(1,091 )	(1,091 )

As at 31 July 2025	47,205	91,806	139,011

Depreciation
As at 1 August 2024	23,380	62,065	85,445
Provided during the period	8,632	14,576	23,208
Disposals	-	(1,090 )	(1,090 )

As at 31 July 2025	32,012	75,551	107,563

Net Book Value
As at 31 July 2025	15,193	16,255	31,448

As at 1 August 2024	19,900	9,579	29,479

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	402,462	197,918
Prepayments and accrued income	6,951	14,744
Corporation tax recoverable assets	29,425	32,466
Net wages	2,349	3,207

	441,187	248,335

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Concertim Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	13,567	20,050
Other taxes and social security	39,693	25,733
VAT	37,072	58,183
Alces Software Ltd - Loan	-	150,587
Accruals and deferred income	446,596	309,106

	536,928	563,659

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

	2025	2024
	£	£
Bank loans	76,000	124,000

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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