REGISTERED NUMBER: 14417002 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

ASKABLE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

S D Goleby

J S Goleby

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

14417002 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Davidson House, 1st Floor

The Forbury

Reading

RG1 3EU

Fixed assets

Tangible assets

4

19,813

7,849

Current assets

Debtors

5

623,805

170,738

Cash at bank

126,865

148,022

750,670

318,760

Creditors

Amounts falling due within one year

6

2,877,254

903,050

Net current liabilities

(2,126,584

)

(584,290

)

Total assets less current liabilities

(2,106,771

)

(576,441

)

Capital and reserves

Called up share capital

7

1

1

Retained earnings

8

(2,106,772

)

(576,442

)

Shareholders' funds

(2,106,771

)

(576,441

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and authorised for issue by the Board of Directors and authorised for issue on 22 June 2026 and were signed on its behalf by:

S D Goleby - Director

1.	Statutory information

Askable Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going Concern

The financial statements have been prepared on a going concern basis.

The directors have assessed the company's ability to continue as a going concern, taking into account forecasts of profitability, cash flows and available financing, for a period of at least 12 months.

Based on this review, the directors have a reasonable expectation that the company has adequate resources to continue in operation existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

Turnover

Turnover is reported on an accrual basis and is recognised when the entity satisfies a performance

obligation by transferring a promised good or service to a customer, and when the customer's

unexercised rights to a performance obligation lapses.

The contract with a customer is in the form of a non-refundable prepayment of credits. Each credit gives the customer a right to receive a good or service over a defined period of time, at the request of the customer. If the customer has not utilised the credits before the expiration of the agreed time those credits lapse and the company no longer is required to provide a performance obligation.

Performance obligations identified in each contract have been separated into the supply of a good or service, i.e. those explicitly stated in the contract in the form of credits to provide participants, and

performance obligations in the form of promises that are implied in customary business practice, i.e.administration of the customer account and development of the platform for the company to deliver the services.

The portion of the revenue associated with the implied performance obligations is recognised as turnover immediately at the time of invoice.

The portion of the turnover associated with the credit performance obligations is initially recognised as a liability (not turnover) and is brought to account as turnover, at the earlier of; when the credits are utilised, or when a customer's unexercised right to a performance obligation lapse.

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

-

25% 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.

3.	Employees and directors

The average number of employees during the year was 12 (2024 - 6 ) .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 July 2024

2,185

6,691

8,876

Additions

2,212

14,855

17,067

At 30 June 2025

4,397

21,546

25,943

Depreciation

At 1 July 2024

265

762

1,027

Charge for year

856

4,247

5,103

At 30 June 2025

1,121

5,009

6,130

Net book value

At 30 June 2025

3,276

16,537

19,813

At 30 June 2024

1,920

5,929

7,849

5.

Debtors: amounts falling due within one year

2025

2024

as restated

£

£

Trade debtors

522,141

154,043

Other debtors

101,664

16,695

623,805

170,738

6.

Creditors: amounts falling due within one year

2025

2024

as restated

£

£

Bank loans and overdrafts

10,407

-

Trade creditors

25,381

48,112

Amounts owed to group undertakings

1,674,285

635,747

Taxation and social security

189,909

70,812

Other creditors

977,272

148,379

2,877,254

903,050

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as restated

£

£

1

Ordinary

£1

1

1

8.

Reserves

Retained

earnings

£

At 1 July 2024

(286,966

)

Prior year adjustment

(289,476

)

(576,442

)

Deficit for the year

(1,530,330

)

At 30 June 2025

(2,106,772

)

9.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.