Pilotlight Innovation Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06919124

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		929		1,085

			929		1,085
CURRENT ASSETS
Debtors	6	428,240		789,260
Cash at bank and in hand		1,829		405,095

		430,069		1,194,355
Creditors: Amounts Falling Due Within One Year	7	(220,686 )		(112,217 )

NET CURRENT ASSETS (LIABILITIES)			209,383		1,082,138

TOTAL ASSETS LESS CURRENT LIABILITIES			210,312		1,083,223

NET ASSETS			210,312		1,083,223

CAPITAL AND RESERVES
Called up share capital	8		2		2
Share premium account			788,057		788,057
Profit and Loss Account			(577,747 )		295,164

SHAREHOLDERS' FUNDS			210,312		1,083,223

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Pilotlight Innovation Limited

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Anstey

Director

29/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Pilotlight Innovation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06919124 . The registered office is 124 City Road, London, EC1V 2NX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

2.3. Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measure reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment

losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life

cannot be made, the useful life shall not exceed ten years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their

estimated useful lives, on a reducing balance basis.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Fixtures & Fittings	20% reducing balance
Computer Equipment	straight line over 3 years

2.6. Cash and Cash Equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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Pilotlight Innovation Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

2.7. Interest Receivable

Interest income is recognised in profit or loss using the effective interest method.

2.8. Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are

held separately from the Company in independently administered funds.

2.9. Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 4)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 June 2024	900,000
Disposals	(900,000 )

As at 31 May 2025	-

Amortisation
As at 1 June 2024	900,000
Disposals	(900,000 )

As at 31 May 2025	-

Net Book Value
As at 31 May 2025	-

As at 1 June 2024	-

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 June 2024	4,685	9,595	14,280
Additions	1,040	-	1,040
Disposals	-	(1,040 )	(1,040 )

As at 31 May 2025	5,725	8,555	14,280

...CONTINUED

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Pilotlight Innovation Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

Depreciation
As at 1 June 2024	3,964	9,231	13,195
Provided during the period	832	-	832
Disposals	-	(676 )	(676 )

As at 31 May 2025	4,796	8,555	13,351

Net Book Value
As at 31 May 2025	929	-	929

As at 1 June 2024	721	364	1,085

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	209,771	291,000
Prepayments and accrued income	-	999
Rental Deposit	2,040	1,440
Other taxes and social security	26,343	-
Amounts owed by group undertakings	165,086	495,821
Amounts owed by associates	25,000	-

	428,240	789,260

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	220,686	65,359
Other taxes and social security	-	46,777
Amounts owed to group undertakings	-	81

	220,686	112,217

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

9. Related Party Disclosures

During the year the Company made sales of £1,508,835 (2023: £2,859,435) to companies under common control.

10. Controlling Parties

The company has no ultimate controlling party

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