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Registered number: 07129364 LITSAVANT LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
LITSAVANT LIMITED
Company Information
Directors | Mr M J Dingle
| Ms T Hatton-Brown
Registered number | 07129364
Registered office | 3rd Floor
| 12 Gough Square
| London
| EC4A 3DW
Accountants | Sayers Butterworth LLP
| Chartered Accountants
| 3rd Floor
| 12 Gough Square
| London
| EC4A 3DW
LITSAVANT LIMITED Registered number:07129364
Balance sheet As at 31 March 2026
|  | 2026 |  | 2025
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 252,296 |  | 276,853
Tangible assets | 5 |  | 792 |  | 1,056
|  |  | 253,088 |  | 277,909
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 46,669 |  | 44,901 |
Cash at bank and in hand |  | 6,159 |  | 17,233 |
|  | 52,828 |  | 62,134 |
Creditors: amounts falling due within one year | 7 | (67,331) |  | (95,062) |
Net current liabilities |  |  | (14,503) |  | (32,928)
Total assets less current liabilities |  |  | 238,585 |  | 244,981
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (43,027) |  | (39,533) |
|  |  | (43,027) |  | (39,533)
Net assets |  |  | 195,558 |  | 205,448
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 2 |  | 2
Profit and loss account |  |  | 195,556 |  | 205,446
|  |  | 195,558 |  | 205,448
Page 1
LITSAVANT LIMITED Registered number:07129364
Balance sheet (continued) As at 31 March 2026 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 August 2026.
Mr M J Dingle
Director
The notes on pages 3 to 9 form part of these financial statements. Page 2
LITSAVANT LIMITED
Notes to the financial statements For the Year Ended 31 March 2026
1. | General information
LitSavant Ltd is a private company limited, incorporated in the United Kingdom and registered in England and Wales. The company's registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW. The company's principal activity is the provision of management consultancy and software sales. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 3
LITSAVANT LIMITED
Notes to the financial statements For the Year Ended 31 March 2026 2.Accounting policies (continued)
| 2.5 | Pensions
The company can contribute, at its discretion, payments to the personal pension plans of certain employees. When any contributions have been paid the Company has no further payment obligations. Contributions made are recognised as an expense in the Profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet.
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.7 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Amortisation is provided on a seven year, straight line basis.
| 2.8 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 4
LITSAVANT LIMITED
Notes to the financial statements For the Year Ended 31 March 2026 2.Accounting policies (continued)
| 2.8 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Plant & machinery | - | 25% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.12 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Page 5
LITSAVANT LIMITED
Notes to the financial statements For the Year Ended 31 March 2026 2.Accounting policies (continued)
| 2.12 | Financial instruments (continued)
Basic 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 the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2025 - 2).
Page 6
LITSAVANT LIMITED
Notes to the financial statements For the Year Ended 31 March 2026
4. | Intangible assets
|  | Computer software
|  | £
| Cost |
| At 1 April 2025 | 331,652
| Additions | 24,503
| At 31 March 2026 | 356,155
| Amortisation |
| At 1 April 2025 | 54,799
| Charge for the year on owned assets | 49,060
| At 31 March 2026 | 103,859
| Net book value |
| At 31 March 2026 | 252,296
| At 31 March 2025 | 276,853
Page 7
LITSAVANT LIMITED
Notes to the financial statements For the Year Ended 31 March 2026
5. | Tangible fixed assets
|  | Plant & machinery
|  | £
| Cost or valuation |
| At 1 April 2025 | 6,908
| At 31 March 2026 | 6,908
| Depreciation |
| At 1 April 2025 | 5,852
| Charge for the year on owned assets | 264
| At 31 March 2026 | 6,116
| Net book value |
| At 31 March 2026 | 792
| At 31 March 2025 | 1,056
Page 8
LITSAVANT LIMITED
Notes to the financial statements For the Year Ended 31 March 2026
6. | Debtors
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade debtors | 37,020 | 34,748
| Prepayments and accrued income | 9,649 | 10,153
|  | 46,669 | 44,901
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade creditors | 2,868 | 27,810
| Other taxation and social security | 1,864 | 2,469
| Accruals and deferred income | 62,599 | 64,783
|  | 67,331 | 95,062
8. | Share capital
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 2 (2025 - 2) Ordinary Shares shares of £1.00 each | 2 | 2
9. | Transactions with directors
| During the year the company paid dividends to directors amounting to £20,000 (2025: £10,000).
Page 9