Youtility Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09802196

Youtility Limited

Filleted Unaudited Financial Statements

30 September 2025

Youtility Limited

Financial Statements

Year ended 30 September 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Youtility Limited

Balance Sheet

30 September 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	–	1,363,556
Tangible assets	6	4,256	–
		-------	------------
		4,256	1,363,556

Current assets

Debtors	7	55,880	84,024
Cash at bank and in hand		527,232	314,952
		---------	---------
		583,112	398,976

Creditors: amounts falling due within one year	8	2,540,288		651,816
		------------		---------
Net current liabilities			1,957,176	252,840
			------------	------------
Total assets less current liabilities			( 1,952,920)	1,110,716
			------------	------------
Net (liabilities)/assets			( 1,952,920)	1,110,716
			------------	------------

Youtility Limited

Balance Sheet (continued)

30 September 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	5	5
Share premium account	5,760,607	5,760,607
Profit and loss account	( 7,713,532)	( 4,649,896)
	------------	------------
Shareholders (deficit)/funds	( 1,952,920)	1,110,716
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 26 May 2026 , and are signed on behalf of the board by:

T R Boyd
Director

Company registration number: 09802196

Youtility Limited

Notes to the Financial Statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

Going concern

The director acknowledges the loss for the year and the net liabilities position at the balance sheet date. This is as expected for the start-up phase of the business pre-revenue. The director has reviewed the company's current liquid resources, access to capital through investors, and other future support through its shareholders. Based on that review the director has concluded that the company will have adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements. Accordingly he continues to adopt the going concern basis in preparing these financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: The proportion of employee and sub-contract worker time spent on research, on development, or on general administration of the company operations has been estimated by management. The total estimated economic life of the company's software development projects, and the extent to which they will generate future profitable cash inflows has been estimated by management as part of the overall capitalisation and impairment review process.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date. 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Development costs	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 1 ).

5. Intangible assets

	Development costs
	£
Cost
At 1 October 2024 and 30 September 2025	4,643,031
	------------
Amortisation
At 1 October 2024	3,279,475
Charge for the year	597,698
Impairment losses	765,858
	------------
At 30 September 2025	4,643,031
	------------
Carrying amount
At 30 September 2025	–
	------------
At 30 September 2024	1,363,556
	------------

6. Tangible assets

	Equipment
	£
Cost
At 1 October 2024	18,948
Additions	4,308
	--------
At 30 September 2025	23,256
	--------
Depreciation
At 1 October 2024	18,948
Charge for the year	52
	--------
At 30 September 2025	19,000
	--------
Carrying amount
At 30 September 2025	4,256
	--------
At 30 September 2024	–
	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	864	–
Amounts owed by group undertakings	–	5,467
Prepayments and accrued income	27,202	2,766
Corporation tax repayable	21,586	66,500
Other debtors	6,228	9,291
	--------	--------
	55,880	84,024
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	51,194	44,642
Amounts owed to group undertakings	2,442,383	579,751
Social security and other taxes	7,440	3,807
Other creditors	39,271	23,616
	------------	---------
	2,540,288	651,816
	------------	---------

Amounts owed to group undertakings are unsecured, interest-free, and repayable on demand.