Itch Innovation UK Limited

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

Registered number: 12590211

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		143,073		164,883

			143,073		164,883
CURRENT ASSETS
Debtors	5	232,322		156,319
Cash at bank and in hand		804,637		545,845

		1,036,959		702,164
Creditors: Amounts Falling Due Within One Year		(342,672 )		(350,098 )

NET CURRENT ASSETS (LIABILITIES)			694,287		352,066

TOTAL ASSETS LESS CURRENT LIABILITIES			837,360		516,949

NET ASSETS			837,360		516,949

CAPITAL AND RESERVES
Called up share capital	6		15		13
Share premium account			2,789,615		1,557,386
Profit and Loss Account			(1,952,270 )		(1,040,450 )

SHAREHOLDERS' FUNDS			837,360		516,949

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Itch Innovation UK Limited

Abridged Balance Sheet (continued)

As At 31 May 2026

For the year ending 31 May 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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 May 2026 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Joshua Shires

Director

21/08/2026

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

1. General Information

Itch Innovation UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12590211 . The registered office is 30 Oak Street, Sheffield, S8 9UB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.

For the year ended 31 May 2026, the company generated an operating loss of £1,100,266 (2025: £291,142) and held cash balances of £804,637 at the balance sheet date (2025: £545,845).

The directors, Mr Joshua Shires, and Mr Adam Bowler, have evaluated cash flow forecasts covering a period of at least 12 months from the date of approval of these financial statements. These forecasts indicate that existing cash resources will not cover the full assessment period without additional funding or adjustments to operating expenditure.

To manage ongoing liquidity, the directors are progressing equity investment discussions with interested parties and retain operational discretion to align expenditure and overheads with available capital.

These conditions indicate the existence of a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern. Having considered the status of current funding discussions and available operational measures, the directors have a reasonable expectation that the company will maintain adequate resources to continue operating. Accordingly, the financial statements do not include any adjustments that would result if the going concern basis were inappropriate.

2.3. 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.

2.4. 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:

Leasehold	5 years
Plant & Machinery	20%
Motor Vehicles	10 years
Fixtures & Fittings	4 years
Computer Equipment	3 years

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Itch Innovation UK Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 May 2026

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. 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.

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: 11 (2025: 10)

4. Tangible Assets

	Total
	£
Cost
As at 1 June 2025	279,023
Additions	34,168
Disposals	(2,167 )

As at 31 May 2026	311,024

Depreciation
As at 1 June 2025	114,140
Provided during the period	54,462
Disposals	(651 )

As at 31 May 2026	167,951

Net Book Value
As at 31 May 2026	143,073

As at 1 June 2025	164,883

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Itch Innovation UK Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 May 2026

5. Debtors

	2026	2025
	£	£
Due after more than one year
Other debtors	16,250	16,250

6. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	15	13

As at 31 May 2026, the company's allotted, called up, and fully paid share capital comprised 1,483,671 Ordinary shares of £0.00001 each with an aggregate nominal value of £14.84 (2025: 127,788 Ordinary shares of £0.0001 each with an aggregate nominal value of £12.78). All Ordinary shares rank pari passu and carry equal voting, dividend, and capital distribution rights.

On 1 April 2026, the company completed a sub-division of share capital, split at a ratio of 10 Ordinary shares of £0.00001 each for every 1 Ordinary share of £0.0001 each held. During the year, share allotments were executed across multiple tranches, increasing total called-up share capital by £2 nominal value.

7. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	65,000	54,170
Later than one year and not later than five years	62,685	127,685

	127,685	181,855

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