Extracellular Ltd


Directors	FLETCHER, Catherine Jane, Dr
	Milligan, William Robert


Registered Address	Science Creates Old Market
	Midland Road
	Bristol
	BS2 0JZ


Registered Number	13964988 (England and Wales)

Statement of Financial Position
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		34,858		11,207
Tangible assets	4		671,806		437,438
			706,664		448,645
Current assets
Debtors		548,493		418,346
Cash at bank and on hand		38,040		135,597
		586,533		553,943
Creditors amounts falling due within one year		(715,114)		(349,627)
Net current assets (liabilities)			(128,581)		204,316
Total assets less current liabilities			578,083		652,961
Creditors amounts falling due after one year			(704,704)		(597,680)
Net assets			(126,621)		55,281
Capital and reserves
Called up share capital			2		1
Share premium			1,536,124		226,679
Other reserves			-		1,309,445
Profit and loss account			(1,662,747)		(1,480,844)
Shareholders' funds			(126,621)		55,281

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 24 July 2026, and are signed on its behalf by:

Milligan, William Robert
Director
Registered Company No. 13964988

Extracellular Ltd

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.

	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.

	Intangible assets
	Separately acquired patents, trademarks and licences are shown at historical cost. Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date. Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses. Amortisation is provided on patents starting on the date on which the patents are granted so as to write off the cost, less any estimated residual value, over their useful life as follows: Straight line over 20 years

Intangible assets

Separately acquired patents, trademarks and licences are shown at historical cost. 
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date. 
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses. 
Amortisation is provided on patents starting on the date on which the patents are granted so as to write off the cost, less any estimated residual value, over their useful life as follows:
Straight line over 20 years

	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)
	Land and buildings	33
	Plant and machinery	4
	Fixtures and fittings	10

	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.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	22		15

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 25	12,540
	Additions	24,999
	At 31 March 26	37,540
	Amortisation and impairment
	At 01 April 25	1,332
	Charge for year	1,349
	At 31 March 26	2,682
	Net book value
	At 31 March 26	34,858
	At 31 March 25	11,207

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 25	687,823
	Additions	449,561
	Disposals	(45,354)
	At 31 March 26	1,092,031
	Depreciation and impairment
	At 01 April 25	250,385
	Charge for year	203,930
	On disposals	(34,091)
	At 31 March 26	420,225
	Net book value
	At 31 March 26	671,806
	At 31 March 25	437,438

5.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	225,445		154,473