Propello Cloud Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11220314

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		361,880		-
Tangible Assets	5		10,458		9,018

			372,338		9,018
CURRENT ASSETS
Debtors	6	673,714		190,741
Cash at bank and in hand		241,579		391,457

		915,293		582,198
Creditors: Amounts Falling Due Within One Year	7	(863,900 )		(313,342 )

NET CURRENT ASSETS (LIABILITIES)			51,393		268,856

TOTAL ASSETS LESS CURRENT LIABILITIES			423,731		277,874

Creditors: Amounts Falling Due After More Than One Year	8		(172,498 )		(258,068 )

NET ASSETS			251,233		19,806

CAPITAL AND RESERVES
Called up share capital	9		8,192		8,192
Share premium account			722,258		722,258
Profit and Loss Account			(479,217 )		(710,644 )

SHAREHOLDERS' FUNDS			251,233		19,806

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Propello Cloud Ltd

Balance Sheet (continued)

As At 30 June 2026

For the year ending 30 June 2026 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Mark Camp

Director

30/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Propello Cloud Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11220314 . The registered office is Workhouse Studios, Blackburn Road, Ribchester, Lancashire, PR3 3ZQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.4. 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:

Computer Equipment

20% Straight Line

2.5. 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.

...CONTINUED

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Propello Cloud Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

2.5. Taxation - continued

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: 19 (2025: 16)

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 July 2025	-
Additions	361,880

As at 30 June 2026	361,880

Net Book Value
As at 30 June 2026	361,880

As at 1 July 2025	-

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 July 2025	17,948
Additions	5,224

As at 30 June 2026	23,172

Depreciation
As at 1 July 2025	8,930
Provided during the period	3,784

As at 30 June 2026	12,714

Net Book Value
As at 30 June 2026	10,458

As at 1 July 2025	9,018

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Propello Cloud Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	432	(10,353 )
Prepayments and accrued income	38,837	8,291
Other debtors	343,222	(26,056 )
Corporation tax recoverable assets	123,601	95,624

	506,092	67,506
Due after more than one year
Trade debtors	167,622	123,235

	673,714	190,741

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	10,691	8,401
Bank loans and overdrafts	19,193	19,193
Other taxes and social security	125,121	48,247
VAT	48,415	27,131
Other creditors	471,895	51,051
Accruals and deferred income	188,147	158,881
Directors' loan accounts	438	438

	863,900	313,342

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

	2026	2025
	£	£
Bank loans	172,498	258,068

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	8,192	8,192

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