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Company Registration No. 09940208 (England and Wales)
Demtech Ltd Unaudited accounts for the year ended 31 August 2025
Demtech Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Demtech Ltd Company Information for the year ended 31 August 2025
Directors
Kate Harris Natasha Oppenheim Toby Christopher John Hunt
Company Number
09940208 (England and Wales)
Registered Office
124 City Road London EC1V 2NX England
Accountants
Aikon Accountants Limited 17 Hanover Square London W1S 1BN
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Demtech Ltd Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
65
18,619
Tangible assets
5
2,478
1,917
2,543
20,536
Current assets
Debtors
6
85,440
94,429
Creditors: amounts falling due within one year
7
(449,801)
(611,118)
Net current liabilities
(364,361)
(516,689)
Total assets less current liabilities
(361,818)
(496,153)
Creditors: amounts falling due after more than one year
8
(82,269)
(14,865)
Net liabilities
(444,087)
(511,018)
Capital and reserves
Called up share capital
130
124
Share premium
669,680
619,753
Profit and loss account
(1,113,897)
(1,130,895)
Shareholders' funds
(444,087)
(511,018)
For the year ending 31 August 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by
Kate Harris Director Company Registration No. 09940208
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Demtech Ltd Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Demtech Ltd is a private company, limited by shares, registered in England and Wales, registration number 09940208. The registered office is 124 City Road, London, EC1V 2NX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
Presentation currency
The financial statements are prepared in GBP, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Going concern
It is the directors' opinion that the the company is a going concern and therefore the financial statements are prepared on going concern basis.
Intangible fixed assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights are separable. The expected future economic benefits are probable and the cost or value can be measured reliably.
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: Website Development - 33% 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.
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Demtech Ltd Notes to the Accounts for the year ended 31 August 2025
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. 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:
Computer 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. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
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Demtech Ltd Notes to the Accounts for the year ended 31 August 2025
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4
Intangible fixed assets
Other
£
Cost
At 1 September 2024
74,100
At 31 August 2025
74,100
Amortisation
At 1 September 2024
55,481
Charge for the year
18,554
At 31 August 2025
74,035
Net book value
At 31 August 2025
65
At 31 August 2024
18,619
5
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 September 2024
15,051
Additions
1,977
At 31 August 2025
17,028
Depreciation
At 1 September 2024
13,134
Charge for the year
1,416
At 31 August 2025
14,550
Net book value
At 31 August 2025
2,478
At 31 August 2024
1,917
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Demtech Ltd Notes to the Accounts for the year ended 31 August 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
80,622
90,831
Accrued income and prepayments
4,266
3,358
Other debtors
312
-
85,200
94,189
Amounts falling due after more than one year
Other debtors
240
240
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
51,114
52,149
Trade creditors
4,499
24,840
Taxes and social security
65,493
85,407
Other creditors
10,603
129,534
Loans from directors
40,197
40,197
Accruals
3,150
2,500
Deferred income
274,745
276,491
449,801
611,118
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
70,000
-
Deferred income
12,269
14,865
82,269
14,865
9
Transactions with related parties
As at 31 August 2025 the company owed £ 40,197 to the Directors (31.08.2024 - £40,197).
10
Average number of employees
During the year the average number of employees was 14 (2024: 18).
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