Company Registration No. 13892273 (England and Wales)
Grasp Technologies Limited
Unaudited accounts
for the year ended 31 December 2025
Grasp Technologies Limited
Unaudited accounts
Contents
Grasp Technologies Limited
Company Information
for the year ended 31 December 2025
Company Number
13892273 (England and Wales)
Registered Office
3RD FLOOR 1 ASHLEY ROAD
ALTRINCHAM
CHESHIRE
WA14 2DT
UNITED KINGDOM
Accountants
'Evolve Accounting and Tax Solutions Ltd'
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
Grasp Technologies Limited
Statement of financial position
as at 31 December 2025
Tangible assets
13,683
19,371
Cash at bank and in hand
905,586
1,504,046
Creditors: amounts falling due within one year
(55,272)
(32,425)
Net current assets
889,169
1,486,357
Net assets
902,852
1,505,728
Called up share capital
1
1
Share premium
3,166,947
3,165,357
Profit and loss account
(2,264,096)
(1,659,630)
Shareholders' funds
902,852
1,505,728
For the year ending 31 December 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 August 2026 and were signed on its behalf by
Edward Matthews
Director
Company Registration No. 13892273
Grasp Technologies Limited
Notes to the Accounts
for the year ended 31 December 2025
Grasp Technologies Limited is a private company, limited by shares, registered in England and Wales, registration number 13892273. The registered office is 3RD FLOOR 1 ASHLEY ROAD, ALTRINCHAM, CHESHIRE, WA14 2DT, UNITED KINGDOM.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Expenditure on research and development is written off in the year in which it is incurred.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Grasp Technologies Limited
Notes to the Accounts
for the year ended 31 December 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Share premium represents the amount paid for shares in excess of the nominal value. Share premium is recognised on the issue of shares or when there is a binding agreement to purchase the shares such that any cash cannot be repaid.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2025
1,223
27,401
28,624
At 31 December 2025
1,360
29,098
30,458
At 1 January 2025
290
8,963
9,253
Charge for the year
340
7,182
7,522
At 31 December 2025
630
16,145
16,775
At 31 December 2025
730
12,953
13,683
At 31 December 2024
933
18,438
19,371
Amounts falling due within one year
Accrued income and prepayments
3,639
1,122
Other debtors
29,779
5,040
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
2,907
8,894
Taxes and social security
49,314
20,627
Loans from directors
111
84
Grasp Technologies Limited
Notes to the Accounts
for the year ended 31 December 2025
Allotted, called up and fully paid:
1,024,039 Ordinary shares of £0.000001 each
1.02
1.02
339,049 Series seed 1 of £0.000001 each
0.33
0.33
24,038 Series seed 2 of £0.000001 each
0.02
0.02
2,331 Ordinary B shares of £0.000001 each
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Average number of employees
During the year the average number of employees was 7 (2024: 10).