HUMAN APPLICATIONS LIMITED


Directors	HIGGINS, Joanne
	TRIGG, Matthew


Company Secretary	HIGGINS, Joanne


Registered Address	Advanced Technology Innovation Centre (Atic)
	5 Oakwood Drive
	Loughborough
	LE11 3QF


Registered Number	02728141 (England and Wales)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		9,291		1,344
			9,291		1,344
Current assets
Stocks	4	48,803		9,639
Debtors	5	229,232		170,233
Cash at bank and on hand		133,156		132,938
		411,191		312,810
Creditors amounts falling due within one year	6	(283,105)		(164,046)
Net current assets (liabilities)			128,086		148,764
Total assets less current liabilities			137,377		150,108
Provisions for liabilities	7		(2,323)		(336)
Net assets			135,054		149,772
Capital and reserves
Called up share capital			9,000		151,289
Other reserves			18,000		9,000
Profit and loss account			108,054		(10,517)
Shareholders' funds			135,054		149,772

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 8 July 2026, and are signed on its behalf by:

TRIGG, Matthew
Director
Registered Company No. 02728141

HUMAN APPLICATIONS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	33.33
	Office Equipment	33.33

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Related parties
	For part of the year, the company occupied premises owned by its pension scheme. A commercial rent of £10,000 (2025 £48,000) was paid during the year and there was no balance outstanding at the end of the year.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	14		15

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 April 25	56,014	56,014
Additions	9,724	9,724
Disposals	(44,173)	(44,173)
At 31 March 26	21,565	21,565
Depreciation and impairment
At 01 April 25	54,670	54,670
Charge for year	1,777	1,777
On disposals	(44,173)	(44,173)
At 31 March 26	12,274	12,274
Net book value
At 31 March 26	9,291	9,291
At 31 March 25	1,344	1,344

4.	Stocks

	2026	2025
	£	£
Work in progress	48,803	9,639
Total	48,803	9,639

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	216,713	157,270
Prepayments and accrued income	12,519	12,963
Total	229,232	170,233


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	15,110	8,433
Taxation and social security	161,100	111,649
Other creditors	2,709	2,394
Accrued liabilities and deferred income	104,186	41,570
Total	283,105	164,046


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	2,323	336
Total	2,323	336

8.	Share capital
	During the year the company reduced its capital by cancelling its share premium account, in the amount of £124,288 and capital redemption reserve, in the amount of £9,000. During the year the company made a purchase of own shares cancelling 18000 shares and paying out £132,000.