Flexys Solutions Ltd

(Registration number: 10536443)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	2,626,363	2,651,219
Tangible assets	5	18,732	2,349
		2,645,095	2,653,568
Current assets
Debtors	6	598,130	612,447
Cash at bank and in hand		1,062,940	339,998
		1,661,070	952,445
Creditors: Amounts falling due within one year	7	(2,845,082)	(2,224,723)
Net current liabilities		(1,184,012)	(1,272,278)
Total assets less current liabilities		1,461,083	1,381,290
Creditors: Amounts falling due after more than one year	7	(527,323)	(34,721)
Net assets		933,760	1,346,569
Capital and reserves
Called up share capital		19	15
Share premium reserve		5,953,149	5,303,153
Other reserves		79,209	50,923
Profit and loss account		(5,098,617)	(4,007,522)
Total equity		933,760	1,346,569

Flexys Solutions Ltd

(Registration number: 10536443)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 13 July 2026 and signed on its behalf by:
 

......................................... M Hasan Director

Flexys Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	Statutory information

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

The address of its registered office is:
Future Space
North Gate (UWE) Filton Road
Stoke Gifford
Bristol
BS34 8RB

2	Accounting policies

Summary of significant accounting policies

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 periods presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The company's continued investment in product development, focus on uplifting existing client ARR and creation of a new proposition requiring no implementation services has resulted in a loss for the year in line with the forecasts for the period. The directors are confident that through a combination of increased future revenues (new client acquisition, existing client uplifts and partner revenue streams), careful cost control and the continued support of existing investors, the company will continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing the annual financial statements.

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 value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Flexys Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tax

The tax expense or credit for the period comprises current 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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation.

The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Office equipment	33% on cost
Computer equipment	33% on cost

Intangible fixed assets

Development expenditure is written off as incurred, except that development expenditure incurred on an individual project is capitalised as an intangible asset when the company can demonstrate the technical feasibility of completing the intangible asset so that it will be available for use or sale, its intention to complete and its ability to use or sell the asset, how the asset will generate future economic benefits, the availability of resources to complete the asset and the ability to measure reliably the expenditure during development.

Following initial recognition of the development expenditure as an asset, the cost model is applied requiring the asset to be carried as cost less any accumulated amortisation and accumulated impairment losses.

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life of 10 years.

Flexys Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Research and development costs

Research costs are written off to the profit or loss account in the year incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects in which case the costs are capitalised as fixed assets.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured less any provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are recognised initially at the transaction price.

Compound financial instruments

Compound financial instruments consist of convertible loans that can be converted to share capital at the option of the holder.

The liability component of a compound financial instrument is initially recognised at the fair value of a similar liability that does not have an equity conversion option. The equity component is initially recognised at the difference between the fair value of the compound financial instrument as a whole and the fair value of the liability component. Any directly attributable transaction costs are allocated to the liability and equity components in proportion to their initial carrying amounts.

Subsequent to initial recognition, the liability component of a compound financial instrument is measured at amortised cost using the effective interest method, and interest expense included within interest payable and similar charges. The equity component of a compound financial instrument is not re-measured subsequent to initial recognition except on conversion or expiry.

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.

Flexys Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Share based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to the profit and loss account over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 31 (2025 - 30).

Flexys Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Intangible fixed assets

	Internally generated software development costs  £
Cost
At 1 April 2025	5,151,316
Additions internally developed	482,514
At 31 March 2026	5,633,830
Amortisation
At 1 April 2025	2,500,097
Amortisation charge	507,370
At 31 March 2026	3,007,467
Carrying amount
At 31 March 2026	2,626,363
At 31 March 2025	2,651,219

Flexys Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5	Tangible fixed assets

	Computer equipment  £
Cost
At 1 April 2025	54,369
Additions	20,427
Disposals	(12,320)
At 31 March 2026	62,476
Depreciation
At 1 April 2025	52,020
Charge for the year	4,044
Eliminated on disposal	(12,320)
At 31 March 2026	43,744
Carrying amount
At 31 March 2026	18,732
At 31 March 2025	2,349

6	Debtors: amounts falling due within one year

	2026 £	2025 £
Trade debtors	428,884	549,942
Other debtors	24,011	16,885
Prepayments and accrued income	145,235	45,620
	598,130	612,447

Flexys Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7	Creditors: Amounts falling due within one year

	Note	2026 £	2025 £
Loans and borrowings	8	7,200	62,300
Trade creditors		119,618	40,344
Taxation and social security		347,216	226,827
Other creditors		-	17,993
Accruals and deferred income		2,371,048	1,877,259
		2,845,082	2,224,723
Due after one year
Loans and borrowings	8	527,323	34,721

8	Loans and borrowings

	2026 £	2025 £
Current loans and borrowings
Bank loan	7,200	7,200
Other loan	-	55,100
	7,200	62,300