REGISTERED NUMBER: 07709427 (England and Wales)

Financial Statements for the Year Ended 31 July 2025

for

Better Impact Software Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H Goodwin

S Ressler

Mrs T Sarazen

REGISTERED OFFICE:

Better Impact Software Ltd

C/O Wework Moor Place

1 Fore Street Avenue

London

EC2Y 9DT

REGISTERED NUMBER:

07709427 (England and Wales)

ACCOUNTANTS:

Price & Accountants Ltd

WeWork

1 Fore Street Avenue

London

EC2Y 9DT

FIXED ASSETS

Tangible assets

3

502

949

CURRENT ASSETS

Debtors

4

60,921

35,549

Cash at bank and in hand

42,072

43,524

102,993

79,073

CREDITORS

Amounts falling due within one year

5

50,643

108,157

NET CURRENT ASSETS/(LIABILITIES)

52,350

(29,084

)

TOTAL ASSETS LESS CURRENT LIABILITIES

52,852

(28,135

)

CREDITORS

Amounts falling due after more than one year

6

(6,573

)

(7,022

)

ACCRUALS AND DEFERRED INCOME

(233,799

)

(201,662

)

NET LIABILITIES

(187,520

)

(236,819

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(187,530

)

(236,829

)

(187,520

)

(236,819

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 by the Board of Directors and authorised for issue on 12 June 2026 and were signed on its behalf by:

H Goodwin - Director

1.	ACCOUNTING POLICIES

Basis of preparation and transition between financial reporting standards

For the year ended 31 July 2024, the company has transitioned from preparing its financial statements under FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime to FRS 102 Section 1A: The Financial Reporting Standard applicable in the UK and Republic of Ireland.

This change has been made to provide more detailed financial information and improved transparency. As a result, additional disclosures have been presented.

There have been no material changes to the measurement of assets or liabilities arising from the transition.

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.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

and 31 July 2025

5,616

DEPRECIATION

At 1 August 2024

4,667

Charge for year

447

At 31 July 2025

5,114

NET BOOK VALUE

At 31 July 2025

502

At 31 July 2024

949

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

59,411

24,055

Other debtors

1,510

11,494

60,921

35,549

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

-

8,231

Trade creditors

22,394

70,410

Amounts owed to participating interests

-

6,429

Taxation and social security

27,215

22,695

Other creditors

1,034

392

50,643

108,157

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans

-

7,022

Amounts owed to group undertakings

6,573

-

6,573

7,022

7.	ULTIMATE CONTROLLING PARTY

As at 21 January 2025, the ultimate controlling party of the company is Better Impact Acquisition Inc., which is also the parent undertaking of Better Impact Ltd.

Better Impact Acquisition Inc. is incorporated in Canada, and is the company’s immediate and ultimate parent undertaking from that date.