Silverfin false false 31/03/2026 01/04/2025 31/03/2026 Mr T J Bruce 29/11/2019 Mr D R Rice 15/03/2012 Mr R Shah 01/12/2022 Mr J Van Ansem 01/12/2022 Mrs A L Wright 02/01/2024 06 August 2026 The principal activity of the Company during the financial year was the supply of data analytics services to corporate customers. 07992877 2026-03-31 07992877 bus:Director1 2026-03-31 07992877 bus:Director2 2026-03-31 07992877 bus:Director3 2026-03-31 07992877 bus:Director4 2026-03-31 07992877 bus:Director5 2026-03-31 07992877 2025-03-31 07992877 core:CurrentFinancialInstruments 2026-03-31 07992877 core:CurrentFinancialInstruments 2025-03-31 07992877 core:Non-currentFinancialInstruments 2026-03-31 07992877 core:Non-currentFinancialInstruments 2025-03-31 07992877 core:ShareCapital 2026-03-31 07992877 core:ShareCapital 2025-03-31 07992877 core:SharePremium 2026-03-31 07992877 core:SharePremium 2025-03-31 07992877 core:RetainedEarningsAccumulatedLosses 2026-03-31 07992877 core:RetainedEarningsAccumulatedLosses 2025-03-31 07992877 core:OfficeEquipment 2025-03-31 07992877 core:OfficeEquipment 2026-03-31 07992877 core:CostValuation 2025-03-31 07992877 core:CostValuation 2026-03-31 07992877 bus:OrdinaryShareClass1 2026-03-31 07992877 core:WithinOneYear 2026-03-31 07992877 core:WithinOneYear 2025-03-31 07992877 core:BetweenOneFiveYears 2026-03-31 07992877 core:BetweenOneFiveYears 2025-03-31 07992877 2025-04-01 2026-03-31 07992877 bus:FilletedAccounts 2025-04-01 2026-03-31 07992877 bus:SmallEntities 2025-04-01 2026-03-31 07992877 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 07992877 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 07992877 bus:Director1 2025-04-01 2026-03-31 07992877 bus:Director2 2025-04-01 2026-03-31 07992877 bus:Director3 2025-04-01 2026-03-31 07992877 bus:Director4 2025-04-01 2026-03-31 07992877 bus:Director5 2025-04-01 2026-03-31 07992877 core:OfficeEquipment core:TopRangeValue 2025-04-01 2026-03-31 07992877 2024-04-01 2025-03-31 07992877 core:Subsidiary1 2025-04-01 2026-03-31 07992877 core:Subsidiary1 1 2025-04-01 2026-03-31 07992877 core:Subsidiary1 1 2024-04-01 2025-03-31 07992877 core:Subsidiary2 2025-04-01 2026-03-31 07992877 core:Subsidiary2 1 2025-04-01 2026-03-31 07992877 core:Subsidiary2 1 2024-04-01 2025-03-31 07992877 core:Subsidiary3 2025-04-01 2026-03-31 07992877 core:Subsidiary3 1 2025-04-01 2026-03-31 07992877 core:Subsidiary3 1 2024-04-01 2025-03-31 07992877 core:Non-currentFinancialInstruments 2025-04-01 2026-03-31 07992877 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 07992877 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure decimalUnit xbrli:shares

Company No: 07992877 (England and Wales)

# SNAP ANALYTICS LTD

### Unaudited Financial Statements
For the financial year ended 31 March 2026
Pages for filing with the registrar

SNAP ANALYTICS LTD

## Unaudited Financial Statements

For the financial year ended 31 March 2026

Contents

SNAP ANALYTICS LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2026
SNAP ANALYTICS LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Investments | 4 | 5,080 |  | 5,080
|  | 5,080 |  | 5,080
Current assets |  |  |  |
Debtors | 5 | 3,352,139 |  | 1,387,330
Cash at bank and in hand |  | 2,138,069 |  | 1,628,720
|  | 5,490,208 |  | 3,016,050
Creditors: amounts falling due within one year | 6 | ( 2,336,620) |  | ( 1,124,007)
Net current assets |  | 3,153,588 |  | 1,892,043
Total assets less current liabilities |  | 3,158,668 |  | 1,897,123
Creditors: amounts falling due after more than one year | 7 | ( 10,949) |  | ( 14,265)
Net assets |  | 3,147,719 |  | 1,882,858
Capital and reserves |  |  |  |
Called-up share capital | 8 | 120 |  | 120
Share premium account |  | 39,970 |  | 39,970
Profit and loss account | 10 | 3,107,629 |  | 1,842,768
Total shareholders' funds |  | 3,147,719 |  | 1,882,858

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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Snap Analytics Ltd (registered number: 07992877) were approved and authorised for issue by the Board of Directors on 06 August 2026. They were signed on its behalf by:

Mrs A L Wright Director |

SNAP ANALYTICS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026
SNAP ANALYTICS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Snap Analytics Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 43 Queen Square, Bristol, BS1 4QP, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date.
Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment | 2 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the Company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 71 |  | 41

#### 3. Tangible assets

| Office equipment |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2025 | 1,369 |  | 1,369
At 31 March 2026 | 1,369 |  | 1,369
Accumulated depreciation |  |  |
At 01 April 2025 | 1,369 |  | 1,369
At 31 March 2026 | 1,369 |  | 1,369
Net book value |  |  |
At 31 March 2026 | 0 |  | 0
At 31 March 2025 | 0 |  | 0

#### 4. Fixed asset investments

Investments in subsidiaries

| 2026
| £
Cost |
At 01 April 2025 | 5,080
At 31 March 2026 | 5,080
Carrying value at 31 March 2026 | 5,080
Carrying value at 31 March 2025 | 5,080

Investments in shares

Name of entity | Registered office | Class of shares | Ownership 31.03.2026 | Ownership 31.03.2025
Snapanalytics IT Services Private Limited | 279-A Sector-2, Channi Himmat, Jammu Jammu & Kashmir 180015 Chani Himat Jammu, India | Ordinary | 100.00% | 100.00%
Snap Analytics (PTY) Ltd | 54 Kloof Avenue, Silveroaks, Kuilsriver, Western Cape, 7580, South Africa | Ordinary | 100.00% | 100.00%
Snap Labs AI Ltd | Runway East , 1 Victoria Street, Bristol, BS1 6AA, United Kingdom | Ordinary | 80.00% | 100.00%

#### 5. Debtors

| 2026 |  | 2025
| £ |  | £
Trade debtors | 2,255,922 |  | 1,245,122
Amounts owed by Group undertakings | 873,511 |  | 50,695
Prepayments | 157,521 |  | 59,454
Other debtors | 65,185 |  | 32,059
| 3,352,139 |  | 1,387,330

#### 6. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Bank loans | 3,730 |  | 3,730
Trade creditors | 401,835 |  | 133,128
Amounts owed to Group undertakings | 8 |  | 0
Accruals and deferred income | 1,241,994 |  | 429,335
Taxation and social security | 606,125 |  | 478,602
Other creditors | 82,928 |  | 79,212
| 2,336,620 |  | 1,124,007

#### 7. Creditors: amounts falling due after more than one year

| 2026 |  | 2025
| £ |  | £
Bank loans | 10,949 |  | 14,265

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
12,000 Ordinary shares of £ 0.01 each | 120 |  | 120

#### 9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2026 |  | 2025
| £ |  | £
Within one year | 213,000 |  | 6,390
Between one and five years | 426,000 |  | 0
Total future minimum lease payments under non-cancellable operating leases | 639,000 |  | 6,390

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2026 |  | 2025
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 45,645 |  | 54,058

#### 10. Share based payments

During the year, the company operated a share option scheme for certain directors and employees. The scheme is intended to provide an incentive to participants and align their interests with those of the shareholders.
Under the terms of the scheme, participants are granted options to subscribe for ordinary shares in the company at a fixed exercise price. The options become exercisable upon the satisfaction of specified vesting conditions and may lapse if those conditions are not achieved or if the participant ceases employment before vesting.
At the balance sheet date, options over 93 ordinary shares (2025: 93) remained outstanding. The exercise price of the outstanding options is £0.01 per share.
The company has also granted Enterprise Management Incentive ("EMI") share options to certain employees and directors.
The options entitle participants to acquire ordinary shares in the company at a fixed exercise price, subject to the satisfaction of specified vesting conditions. The options are generally exercisable on the occurrence of a qualifying exit event.
At the year end, options over 3,339 Ordinary shares were outstanding (2025: Nil). The exercise price of the options ranges from £0.01 to £275 per share.
No amounts have been recognised within equity in respect of these arrangements, and no share-based payment reserve has been recorded in these financial statements.