Advanced Commerce Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11150949 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Advanced Commerce Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

CURRENT DIRECTORS:

A Brown

A Yao

REGISTERED OFFICE

(AT YEAR END):

20 North Audley Street

London

W1K 6LX

REGISTERED OFFICE:

20 North Audley Street

London

W

REGISTERED NUMBER:

11150949 (England and Wales)

DIRECTORS RESIGNED:

A J Dancer (resigned on 1 February 2026)

E W Ewing (resigned on 27 February 2026)

J C Lewis (resigned on 25 January 2026)

FIXED ASSETS

Intangible assets

4

-

13,284

Tangible assets

5

-

2,937

-

16,221

CURRENT ASSETS

Debtors

6

206,597

164,431

Cash at bank

287,068

239,657

493,665

404,088

CREDITORS

Amounts falling due within one year

7

(1,144,866

)

(378,340

)

NET CURRENT (LIABILITIES)/ASSETS

(651,201

)

25,748

TOTAL ASSETS LESS CURRENT

LIABILITIES

(651,201

)

41,969

CREDITORS

Amounts falling due after more than one

year

8

(158,667

)

-

NET (LIABILITIES)/ASSETS

(809,868

)

41,969

CAPITAL AND RESERVES

Called up share capital

2

Share premium

5,043,314

Retained earnings

(5,853,184

)

(5,001,347

)

(809,868

)

41,969

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2026 and were signed on its behalf by:

A Brown - Director

1.	STATUTORY INFORMATION

Advanced Commerce 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.

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.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

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.

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.

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 11 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

438,291

AMORTISATION

At 1 January 2025

425,007

Charge for year

13,284

At 31 December 2025

438,291

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

13,284

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

34,421

DEPRECIATION

At 1 January 2025

31,484

Charge for year

2,937

At 31 December 2025

34,421

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

2,937

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

56,826

51,510

Other debtors

149,771

112,921

206,597

164,431

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

96,980

56,372

Taxation and social security

57,195

54,499

Other creditors

990,691

267,469

1,144,866

378,340

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR

31.12.25

31.12.24

£

Other creditors

158,667

-

9.	RELATED PARTY DISCLOSURES

Included within the other creditors balance are loans from two directors totalling GBP 187,783 (2024: GBP 184,272). These loans are, subject to certain conditions, repayable on demand.

10.	POST BALANCE SHEET EVENT

On 27 February 2026, after the financial year end, the entire issued share capital of the company was acquired by Rezolve AI PLC. This acquisition represents a non-adjusting event after the reporting period, as the transaction occurred after 31 December 2025, and therefore no adjustment has been made to the amounts recognised in these financial statements. The acquisition had no impact on the company’s financial position at the balance sheet date.