Alertive Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Alertive Limited

Company Information

Directors	Mr K A Douglas Mr G N Williams Mr R H Cunningham

Company secretary

Mr K A Douglas

Registered office

The Old Vicarage 51 St John Street Ashbourne Derbyshire DE6 1GP

Accountants

Coates and Partners Limited Chartered AccountantsThe Old Vicarage 51 St John Street Ashbourne Derbyshire DE6 1GP

Alertive Limited

(Registration number: 03133149)
Balance Sheet as at 31 March 2026

	Note	2026  £	2025  £
Fixed assets
Intangible assets	4	3,655,025	3,327,223
Tangible assets	5	30,417	37,915
Investments		61	61
		3,685,503	3,365,199
Current assets
Debtors	7	1,642,441	758,784
Cash at bank and in hand		60,110	527,525
		1,702,551	1,286,309
Creditors: Amounts falling due within one year	8	(878,263)	(519,013)
Net current assets		824,288	767,296
Total assets less current liabilities		4,509,791	4,132,495
Creditors: Amounts falling due after more than one year	8	(54,442)	(54,442)
Deferred Income	10	(1,847,465)	(1,181,501)
Net assets		2,607,884	2,896,552
Capital and reserves
Called up share capital		103,778	89,972
Share premium reserve		15,752,860	14,841,669
Profit and loss account		(13,248,754)	(12,035,089)
Total equity		2,607,884	2,896,552

For the financial year ending 31 March 2026 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 Profit and Loss Account.

Alertive Limited

(Registration number: 03133149)
Balance Sheet as at 31 March 2026 (continued)

Approved and authorised by the Board on 6 May 2026 and signed on its behalf by:
 

......................................... Mr K A Douglas Company secretary and director

Alertive Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 03133149.

The address of its registered office is:
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP
England

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 'The Financial Reporting Standard applicable in the UK and Republic of Ireland - Section 1A' and the Companies Act 2006.

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 presentation currency is £ sterling.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The accounts have been prepared on the going concern basis. The directors have considered a number of factors including the current performance of the business, the retention of existing customers, the current pipeline of sales opportunities and ability to close new contracts, the necessary costs required to meet customer requirements and the requirement to raise further investment.

The directors are comfortable with adopting the Going Concern basis given their review of these and other factors.

Alertive Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. Service income is recognised based on performance and licence income is recognised on a straight line basis over the term of the licence.

Contract revenue recognition

Income on contracts is recognised on the basis of the stage of contract completion achieved and to the extent that the company is confident that substantially no further material work will be required to be performed.

Local government grants

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded in sterling at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated in sterling at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

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.

Tax credits represent the recovery of research and development claims made during the year.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	term of lease
Office and computer equipment	25% straight line basis

Alertive Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Research and development costs

Research expenditure is charged to the profit and loss account as incurred.

Development costs are capitalised and treated as intangible assets on the balance sheet, as the entity can demonstrate that all of the points in FRS 102 18.8H are met, and those costs are written off on a straight line basis over a period of 10 years, which is estimated to be the useful life of the development costs.

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
Development costs	10 years straight line

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

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 profit and loss account 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

The company operates a defined contribution scheme for the benefit of its employees.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 31 (2025 - 27).

Alertive Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

4	Intangible assets

	Internally generated software development costs  £	Total £
Cost or valuation
At 1 April 2025	4,897,723	4,897,723
Additions internally developed	908,417	908,417
At 31 March 2026	5,806,140	5,806,140
Amortisation
At 1 April 2025	1,570,500	1,570,500
Amortisation charge	580,615	580,615
At 31 March 2026	2,151,115	2,151,115
Carrying amount
At 31 March 2026	3,655,025	3,655,025
At 31 March 2025	3,327,223	3,327,223

Alertive Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

5	Tangible assets

	Office and computer equipment £	Total £
Cost
At 1 April 2025	127,047	127,047
Additions	9,223	9,223
Disposals	(71,462)	(71,462)
At 31 March 2026	64,808	64,808
Depreciation
At 1 April 2025	89,132	89,132
Charge for the period	16,722	16,722
Eliminated on disposal	(71,463)	(71,463)
At 31 March 2026	34,391	34,391
Carrying amount
At 31 March 2026	30,417	30,417
At 31 March 2025	37,915	37,915

6	Investments

	2026 £	2025 £
Investments in subsidiaries	61	61