Registration number: 09764411

Tellmi Ltd

Contents

Company Information	1
Directors' Report	2
Abridged Balance Sheet	3 to 4
Notes to the Unaudited Abridged Financial Statements	5 to 9

Tellmi Ltd

Company Information

Directors

Mrs S M Godson Mrs S Neil Dr K S C Comley Ms A Lourie

Company secretary

Ms Z Cookson

Registered office

The Health Foundry 1 Royal Street London SE1 7LL

Tellmi Ltd

Directors' Report for the Year Ended 31 December 2025

The directors present their report and the abridged financial statements for the year ended 31 December 2025.

Directors of the company

The directors who held office during the year were as follows:

Mrs S M Godson

Mrs S Neil

Dr A Krattiger (ceased 22 January 2026)

Dr K S C Comley

Ms A Lourie (appointed 11 February 2025)

Principal activity

The principal activity of the company is the development of educational health and support apps.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

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

......................................... Dr K S C Comley Director

Tellmi Ltd

(Registration number: 09764411)
Abridged Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	5	432,006	351,084
Tangible assets	6	3,627	3,375
		435,633	354,459
Current assets
Debtors		-	26,926
Cash at bank and in hand		275,671	393,496
		275,671	420,422
Prepayments and accrued income		16,440	6,196
Creditors: Amounts falling due within one year		(206,960)	(174,833)
Net current assets		85,151	251,785
Total assets less current liabilities		520,784	606,244
Creditors: Amounts falling due after more than one year		(228,920)	(337,136)
Accruals and deferred income		(89,724)	(55,834)
Net assets		202,140	213,274
Capital and reserves
Called up share capital		36,410	36,410
Share premium reserve		1,619,584	1,619,584
Retained earnings		(1,453,854)	(1,442,720)
Shareholders' funds		202,140	213,274

For the financial year ending 31 December 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Tellmi Ltd

(Registration number: 09764411)
Abridged Balance Sheet as at 31 December 2025

All of the company’s members have consented to the preparation of an Abridged Balance Sheet and have elected to take the option not to file the Profit and Loss Account in accordance with Section 444 of the Companies Act 2006

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

.........................................

Dr K S C Comley

Director

Tellmi Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

1	General information

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

The address of its registered office is:
The Health Foundry
1 Royal Street
London
SE1 7LL
United Kingdom

These financial statements were authorised for issue by the Board on 23 April 2026.

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 abridged 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 abridged 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.

Reclassification of comparative amounts

During the year there was a change in allocation of costs between cost of sales and administrative expenses. The 2024 comparative figures have been restated accordingly.

Revenue recognition

The majority of revenue comprises commissioning of our Tellmi mental health service to ICBs (NHS and Local Authorities) and schools. Contracts typically last for a year with options to renew. Revenue is also generated from research and evaluation contracts which are typically for a fixed period of time. Revenue is recognised over the term that the contracts are being delivered.

Other income is derived from grants, typically for research and development. Other income is distinguished from revenue as a source of income for which we don't charge VAT nor can we make a profit from. Research and development grants are recognised in the year that the research is undertaken.

Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tellmi Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Tax

The tax expense for the period comprises 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 balance sheet 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
Office equipment	Straight line 20%

Intangible assets

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

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
Software development	Straight line 10%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Tellmi Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 10).

4	Loss before tax

Arrived at after charging/(crediting)

Tellmi Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

	2025 £	2024 £
Depreciation expense	1,684	1,579
Amortisation expense	47,338	35,811

5	Intangible assets

	Total £
Cost or valuation
At 1 January 2025	418,086
Additions internally developed	127,420
Additions acquired separately	840
At 31 December 2025	546,346
Amortisation
At 1 January 2025	67,002
Amortisation charge	47,338
At 31 December 2025	114,340
Carrying amount
At 31 December 2025	432,006
At 31 December 2024	351,084

The aggregate amount of research and development expenditure recognised as an expense during the period is £107,741 (2024 - £31,039).
 

Tellmi Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

6	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2025	8,207	8,207
Additions	1,936	1,936
At 31 December 2025	10,143	10,143
Depreciation
At 1 January 2025	4,832	4,832
Charge for the year	1,684	1,684
At 31 December 2025	6,516	6,516
Carrying amount
At 31 December 2025	3,627	3,627
At 31 December 2024	3,375	3,375