Vestd Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Vestd Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09302265 . The registered office is Suite Lu.231 The Light Bulb, 1 Filament Walk, London, SW18 4GQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover represents amounts receivable for services provided in the normal course of business, measured at the fair value of the consideration received or receivable, net of discounts and value added tax.

The company's turnover arises principally from the provision of software as a service (SaaS), comprising subscription fees for access to the company's platform, together with related implementation, support and professional services.

Subscription services

Subscription fees are recognised as turnover on a straight-line basis over the period of the subscription, as the customer receives and consumes the benefit of access to the platform evenly over the contract term. Amounts invoiced in advance of the period to which they relate are recorded as deferred income within creditors and released to turnover over the subscription period.

Professional and other services

Turnover from implementation, onboarding and other professional services is recognised in the period in which the services are performed. Where such services do not have standalone value to the customer and are integral to the delivery of the subscription service, the related fees are recognised over the subscription period to which they relate.

Where the outcome of a contract cannot be estimated reliably, turnover is recognised only to the extent that costs incurred are considered recoverable.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are Trademarks and Licences. They are amortised to the profit and loss account over their estimated economic life of 10 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	33% on cost
Computer Equipment	50% on cost

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Vestd Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Financial Instruments

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 62 (2025: 57)

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Vestd Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2025	15,028
Additions	1,801

As at 31 March 2026	16,829

Amortisation
As at 1 April 2025	14,208
Provided during the period	861

As at 31 March 2026	15,069

Net Book Value
As at 31 March 2026	1,760

As at 1 April 2025	820

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	6,422	68,442	74,864
Additions	185	7,225	7,410
Disposals	-	(2,573 )	(2,573 )

As at 31 March 2026	6,607	73,094	79,701

Depreciation
As at 1 April 2025	4,833	45,078	49,911
Provided during the period	885	19,974	20,859
Disposals	-	(2,573 )	(2,573 )

As at 31 March 2026	5,718	62,479	68,197

Net Book Value
As at 31 March 2026	889	10,615	11,504

As at 1 April 2025	1,589	23,364	24,953

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Vestd Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Investments

	Associates
	£
Cost or Valuation
As at 1 April 2025	-
Additions	40

As at 31 March 2026	40

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	40

As at 1 April 2025	-

Fixed asset investments comprise shares in group undertakings. Investments in group undertakings are stated at cost less any accumulated impairment losses.

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	-	302,892
Amounts owed by group undertakings	110,153	72,091
Other debtors	29,805	139,580

	139,958	514,563

8. Current Asset Investments

	2026	2025
	£	£
Shares in subsidiaries	-	73,748

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	-	28,377
Amounts owed to group undertakings	434,818	-
Other creditors	30,121	1,722,853
Taxation and social security	404,504	367,290

	869,443	2,118,520

10. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Other creditors	4,963	-

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Vestd Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

11. Share Capital

	2026	2025
	£	£
Called Up Share Capital not Paid	129	129
Called Up Share Capital has been paid up	7,684	7,684

Amount of Allotted, Called Up Share Capital	7,813	7,813

Number and Class	Nominal Value	2026	2025
		£	£
7,705,305 Ordinary A	0.001	7,705	7,705
107,606 Ordinary VN	0.001	108	108
400 Ordinary B	0.001	-	-
		7,813	7,813

12. Related Party Transactions

The company has taken advantage of the exemption in paragraph 33.1A of FRS 102 not to disclose transactions with entities that are part of the group, or with wholly-owned subsidiaries of the group.

13. Ultimate Controlling Party

The company's ultimate controlling party is Vestd (Jersey) Ltd by virtue of their ownership of 100% of the issued share capital in the company.

The registered office address of Vestd (Jersey) Ltd is 2nd Floor, Lime Grove House, Green Street, St Helier, Jersey, JE2 4UB.

14. Audit Information

The auditor's report on the accounts of Vestd Ltd for the year ended 31 March 2026 was unqualified.

The auditor's report was signed by Jackie Wilding (Senior Statutory Auditor) for and on behalf of Bryden Johnson Limited , Statutory Auditor.

Bryden Johnson Limited

Kings Parade

Lower Coombe Street

Croydon

CR0 1AA

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,760		820
Tangible Assets	5		11,504		24,953
Investments	6		40		-

			13,304		25,773
CURRENT ASSETS
Debtors	7	139,958		514,563
Investments	8	-		73,748
Cash at bank and in hand		2,555,725		2,886,519

		2,695,683		3,474,830
Creditors: Amounts Falling Due Within One Year	9	(869,443 )		(2,118,520 )

NET CURRENT ASSETS (LIABILITIES)			1,826,240		1,356,310

TOTAL ASSETS LESS CURRENT LIABILITIES			1,839,544		1,382,083

Creditors: Amounts Falling Due After More Than One Year	10		(4,963 )		-

NET ASSETS			1,834,581		1,382,083

CAPITAL AND RESERVES
Called up share capital	11		7,813		7,813
Share premium account			3,690,213		3,690,213
Other reserves			188		188
Profit and Loss Account			(1,863,633 )		(2,316,131 )

SHAREHOLDERS' FUNDS			1,834,581		1,382,083