REGISTERED NUMBER: 11145238 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

ELT SONGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Carter

REGISTERED OFFICE:

54 Sun Street

Waltham Abbey

Essex

EN9 1EJ

REGISTERED NUMBER:

11145238 (England and Wales)

ACCOUNTANTS:

KNIGHT WHEELER LIMITED

Chartered Accountants

54 Sun Street

Waltham Abbey

Essex

EN9 1EJ

FIXED ASSETS

Tangible assets

4

12,233

13,956

CURRENT ASSETS

Debtors

5

8,144

26,476

Cash at bank

19,923

2,191

28,067

28,667

CREDITORS

Amounts falling due within one year

6

(97,919

)

(7,374

)

NET CURRENT (LIABILITIES)/ASSETS

(69,852

)

21,293

TOTAL ASSETS LESS CURRENT LIABILITIES

(57,619

)

35,249

CREDITORS

Amounts falling due after more than one year

7

(18,390

)

(19,187

)

NET (LIABILITIES)/ASSETS

(76,009

)

16,062

CAPITAL AND RESERVES

Called up share capital

1,553

1,553

Share premium

2,960,821

2,960,821

Retained earnings

(3,038,383

)

(2,946,312

)

(76,009

)

16,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20 April 2026 and were signed by:

J Carter - Director

1.	STATUTORY INFORMATION

ELT Songs Limited 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.

The financial statements are presented in sterling (£) which is also the functional currency for the company and rounded to the nearest £.

Turnover

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

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

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Going concern

During the year, the company has secured loan finance from an external investor amounting to £150,000. This funding will allow the company to continue developing, marketing and licencing it's learning product in the primary education sector. With this funding in place, the director is confident that the company has sufficient working capital to meet it's liabilities falling due within 12 months of the date of approval of the 2026 financial statements and thus the accounts have been drawn up on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Motor

Computer

equipment

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

8,652

8,284

18,118

41,910

76,964

Additions

857

7,163

-

1,838

9,858

At 31 January 2026

9,509

15,447

18,118

43,748

86,822

DEPRECIATION

At 1 February 2025

6,823

7,314

10,872

37,999

63,008

Charge for year

1,901

2,402

3,624

3,654

11,581

At 31 January 2026

8,724

9,716

14,496

41,653

74,589

NET BOOK VALUE

At 31 January 2026

785

5,731

3,622

2,095

12,233

At 31 January 2025

1,829

970

7,246

3,911

13,956

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

2,368

1,146

Other debtors

-

4,785

Directors' current accounts

3,276

4,276

VAT

-

1,609

Accrued income

-

12,311

Prepayments

2,500

2,349

8,144

26,476

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

3,426

3,426

Other loans

90,000

-

Trade creditors

324

-

VAT

219

-

Accrued expenses

3,950

3,948

97,919

7,374

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

3,426

3,426

Bank loans - 2-5 years

10,278

10,278

Bank loans more 5 yr by instal

4,686

5,483

18,390

19,187

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,686

5,483