REGISTERED NUMBER: 09091083 (England and Wales)

Unaudited Financial Statements

for the Period 1st July 2024 to 31st December 2025

for

TRUSTLAYER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T W Cagle

E Macnair

A G Skirton

G J D Smee

REGISTERED OFFICE:

Belvedere House

Office 4.2

Basing View

Basingstoke

Hampshire

RG21 4HG

REGISTERED NUMBER:

09091083 (England and Wales)

ACCOUNTANTS:

Graham Martin & Co

Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

FIXED ASSETS

Intangible assets

4

4,928,696

Tangible assets

5

13,689

4,942,385

CURRENT ASSETS

Debtors

6

1,489,791

Cash at bank

82,988

1,572,779

CREDITORS

Amounts falling due within one year

7

6,439,266

NET CURRENT LIABILITIES

(4,866,487

)

TOTAL ASSETS LESS CURRENT LIABILITIES

75,898

CAPITAL AND RESERVES

Called up share capital

10,940

Share premium

2,107,265

Retained earnings

(2,042,307

)

SHAREHOLDERS' FUNDS

75,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th August 2026 and were signed on its behalf by:

E Macnair - Director

1.	STATUTORY INFORMATION

Trustlayer Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Given strong and continued growth, and the ongoing willingness of investors to support the Company, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future based on forecasts and receiving future funding. They continue to adopt the going concern basis in preparing the annual financial statements.

Revenue

Revenue represents sales to external customers at invoiced amounts less value added tax.

Turnover represents sales to external customers at invoiced amounts less value added tax and is adjusted for deferred revenue which is recognised in later periods.

The principle of recognised revenue is the accounting guideline that revenue shown on the profit and loss are in the period in which they are earned, not in the period in which the cash is collected.

Subscription licenses and Software support are invoiced at the start of the period and taken to revenue rateably over the period covered. Implementation and other work is recognised as the work is performed.

Intangible assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2025, is being amortised evenly over its estimated useful life of six years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

The Company's functional and presentational currency is GBP, rounded to the nearest whole £.

Fixed exchange rates are set at the beginning of the year for all foreign currency transactions. These rates are reviewed every quarter and updated where necessary. No adjustment was made at year end.

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 the Profit and Loss Account.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance Sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Balance Sheet date.

Research and development

In the research and development 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 and development shall be recognised as an expense when it is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 34 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

5,632,796

At 31st December 2025

5,632,796

AMORTISATION

Charge for period

704,100

At 31st December 2025

704,100

NET BOOK VALUE

At 31st December 2025

4,928,696

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

21,474

Disposals

(3,093

)

At 31st December 2025

18,381

DEPRECIATION

Charge for period

7,785

Eliminated on disposal

(3,093

)

At 31st December 2025

4,692

NET BOOK VALUE

At 31st December 2025

13,689

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

844,446

Other debtors

645,345

1,489,791

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

1,174,865

Taxation and social security

614,731

Other creditors

4,649,670

6,439,266

8.	ULTIMATE CONTROLLING PARTY

In the directors' opinion, there is no ultimate controlling party.