REGISTERED NUMBER: 14923089 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Circulai Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D J Swallow

Mr S Sharp

REGISTERED OFFICE:

Unit 3, Halifax Court Fernwood Business

Cross Lane, Fernwood

Newark

Nottinghamshire

NG24 3JP

REGISTERED NUMBER:

14923089 (England and Wales)

ACCOUNTANTS:

Franklins

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

FIXED ASSETS

Intangible assets

4

16,080

-

Tangible assets

5

15,317

17,541

31,397

17,541

CURRENT ASSETS

Debtors

6

259,026

30,108

Cash at bank

18,886

20,228

277,912

50,336

CREDITORS

Amounts falling due within one year

7

572,638

282,063

NET CURRENT LIABILITIES

(294,726

)

(231,727

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(263,329

)

(214,186

)

PROVISIONS FOR LIABILITIES

3,829

-

NET LIABILITIES

(267,158

)

(214,186

)

CAPITAL AND RESERVES

Called up share capital

8

120

120

Retained earnings

(267,278

)

(214,306

)

SHAREHOLDERS' FUNDS

(267,158

)

(214,186

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2026 and were signed on its behalf by:

Mr D J Swallow - Director

Mr S Sharp - Director

1.	STATUTORY INFORMATION

Circulai 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

Additions

20,100

At 31 March 2026

20,100

AMORTISATION

Amortisation for year

4,020

At 31 March 2026

4,020

NET BOOK VALUE

At 31 March 2026

16,080

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2025

11,815

9,998

21,813

Additions

-

1,542

1,542

At 31 March 2026

11,815

11,540

23,355

DEPRECIATION

At 1 April 2025

2,500

1,772

4,272

Charge for year

778

2,988

3,766

At 31 March 2026

3,278

4,760

8,038

NET BOOK VALUE

At 31 March 2026

8,537

6,780

15,317

At 31 March 2025

9,315

8,226

17,541

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

257,119

16,088

Other debtors

535

120

VAT

-

11,132

Prepayments and accrued income

1,372

2,768

259,026

30,108

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

128,479

13,585

Social security and other taxes

4,884

3,918

VAT

17,489

-

Other creditors

240,743

5,554

Directors' current accounts

178,543

257,000

Accruals and deferred income

2,500

2,006

572,638

282,063

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

120

Ordinary

1

120

120

9.	RELATED PARTY DISCLOSURES

During the year the company traded with DJ Swallow Construction Limited, a company in which Mr DJ Swallow is also a director. The balance due to DJ Swallow Construction Limited as at 31st March 2026 was £5,328 (2025: £5,000).

During the year the company traded with DJ Swallow Holdings Limited, a company in which Mr DJ Swallow is also a director. The balance due to DJ Swallow Holdings Limited as at 31st March 2026 was £235,415 (2025: £Nil).

During the year the company traded with South Notts Surfacing Limited, a company in which Mr DJ Swallow is also a director. The balance due from South Notts Surfacing Limited as at 31st March 2026 was £336 (2025: £Nil).

During the year the company traded with Whittakers Bar & Restaurant Limited, a company in which Mr DJ Swallow is also a director. The balance due from Whittakers Bar & Restaurant Limited as at 31st March 2026 was £199 (2025: £Nil).

10.	GOING CONCERN

The company accounts are prepared on the going concern basis that the directors and their related companies will continue to support the company for the foreseeable future.