Columbus Technologies Limited

Contents

Statement of financial position	1
Notes to the Unaudited Financial Statements	2 to 5

Columbus Technologies Limited

(Registration number: 11000199)
Statement of financial position as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	2,794,822	1,970,257
Current assets
Debtors	5	41,845	50,972
Cash at bank and in hand		37,182	34,755
		79,027	85,727
Creditors: Amounts falling due within one year	6	(3,000,573)	(2,175,405)
Net current liabilities		(2,921,546)	(2,089,678)
Net liabilities		(126,724)	(119,421)
Capital and reserves
Called up share capital	7	111	111
Retained earnings		(126,835)	(119,532)
Shareholders' deficit		(126,724)	(119,421)

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income statement.

Approved and authorised by the Board on 14 July 2026 and signed on its behalf by:
 

......................................... Mr I Bruce Director

Columbus Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Columbus Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Amortisation

During the year ended 31 October 2024 the company changed the method of amortising its development expenditure. The company previously amortised the development expenditure at 10% on a straight line basis when incurred. The development costs will now be amortised over its useful economic life once the product has been completed and becomes income generating. As a result there is no amortisation charge in the accounts for the year ended 31 October 2024.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Columbus Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Intangible assets

	Development costs £	Total £
Cost or valuation
At 1 November 2024	2,284,331	2,284,331
Additions	824,565	824,565
At 31 October 2025	3,108,896	3,108,896
Amortisation
At 1 November 2024	314,074	314,074
At 31 October 2025	314,074	314,074
Carrying amount
At 31 October 2025	2,794,822	2,794,822
At 31 October 2024	1,970,257	1,970,257

5

Debtors

	2025 £	2024 £
Trade debtors	-	9,695
Prepayments	1,615	1,990
Other debtors	40,230	39,287
	41,845	50,972

Columbus Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	68,659	29,448
Taxation and social security	3,313	3,147
Accruals and deferred income	46,831	69,339
Other creditors	2,881,770	2,073,471
	3,000,573	2,175,405

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £0.01 each	11,111	111	11,111	111