sfG Software Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC369985

sfG Software Ltd

Filleted Unaudited Financial Statements

31 January 2026

sfG Software Ltd

Financial Statements

Year ended 31 January 2026

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

sfG Software Ltd

Statement of Financial Position

31 January 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	6		3,846	1,141

Current assets

Stocks		10,682	3,300
Debtors	7	676,276	450,778
Investments	8	192,663	178,520
Cash at bank and in hand		186,648	225,987
		------------	---------
		1,066,269	858,585

Creditors: amounts falling due within one year	9	104,065		114,498
		------------		---------
Net current assets			962,204	744,087
			---------	---------
Total assets less current liabilities			966,050	745,228

Provisions

Taxation including deferred tax	515	217
	---------	---------
Net assets	965,535	745,011
	---------	---------

Capital and reserves

Called up share capital	264,962	264,962
Profit and loss account	700,573	480,049
	---------	---------
Shareholders funds	965,535	745,011
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

sfG Software Ltd

Statement of Financial Position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 1 September 2026 , and are signed on behalf of the board by:

Mr R Murray

Director

Company registration number: SC369985

sfG Software Ltd

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Forbes House, 36 Huntly Street, Inverness, IV3 5PR, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Intellectual Property	-	25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Computer Hardware	-	33% straight line
Fixtures and Fittings	-	33% straight line
Computer Software	-	10% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Share-based payments

Equity-settled share-based payment transactions are measured at fair value at the date of grant. The fair value is expensed on a straight-line basis over the vesting period, with a corresponding increase in equity. This is based upon the company's estimate of the shares or share options that will eventually vest which takes into account all vesting conditions and non-market performance conditions, with adjustments being made where new information indicates the number of shares or share options expected to vest differs from previous estimates. /Fair value is determined using an appropriate pricing model. All market conditions and non-vesting conditions are taken into account when estimating the fair value of the shares or share options. As long as all other vesting conditions are satisfied, no adjustment is made irrespective of whether market or non-vesting conditions are met. Where the terms of an equity-settled transaction are modified, an expense is recognised as if the terms had not been modified. In addition, an expense is recognised for any increase in the fair value of the transaction, as measured at the date of modification. Where an equity-settled transaction is cancelled or settled, it is treated as if it had vested on the date of cancellation or settlement, and any expense not yet recognised in profit or loss is expensed immediately. Cash-settled share-based payment transactions are measured at the fair value of the liability. Until the liability is settled, the fair value of the liability is re-measured at each reporting date and at the date of settlement, with any changes in fair value recognised in profit or loss for the period.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2025: 13 ).

5. Intangible assets

	Development costs
	£
Cost
At 1 February 2025 and 31 January 2026	194,014
	---------
Amortisation
At 1 February 2025 and 31 January 2026	194,014
	---------
Carrying amount
At 31 January 2026	–
	---------
At 31 January 2025	–
	---------

The development cost capitalised meet the recognition requirements detailed in the accounting policies note.

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 February 2025	15,630	6,225	57,509	79,364
Additions	3,685	1,699	–	5,384
Disposals	–	( 1,621)	–	( 1,621)
	--------	-------	--------	--------
At 31 January 2026	19,315	6,303	57,509	83,127
	--------	-------	--------	--------
Depreciation
At 1 February 2025	14,490	6,225	57,508	78,223
Charge for the year	2,112	566	–	2,678
Disposals	–	( 1,620)	–	( 1,620)
	--------	-------	--------	--------
At 31 January 2026	16,602	5,171	57,508	79,281
	--------	-------	--------	--------
Carrying amount
At 31 January 2026	2,713	1,132	1	3,846
	--------	-------	--------	--------
At 31 January 2025	1,140	–	1	1,141
	--------	-------	--------	--------

7. Debtors

	2026	2025
	£	£
Trade debtors	49,482	43,441
Amounts owed by group undertakings and undertakings in which the company has a participating interest	607,013	401,473
Other debtors	19,781	5,864
	---------	---------
	676,276	450,778
	---------	---------

8. Investments

	2026	2025
	£	£
Investments in group undertakings	100	100
Other investments	192,563	178,420
	---------	---------
	192,663	178,520
	---------	---------

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	6,710	10,193
Social security and other taxes	44,580	47,801
Other creditors	52,775	56,504
	---------	---------
	104,065	114,498
	---------	---------

10. Share-based payments

During the year to 31 January 2026 there were an equity-settled share-based payment arrangement that existed which has not yet vested. The terms of these options are to be in continued employment up to the exercise date. Options can be exercised between the first and third anniversary of the grant date.

Details of the number and weighted average exercise prices (WAEP) of share options during the year are as follows:

	2026		2025
	No.	WAEP	No.	WAEP
Granted during the year	13,248	1.05	–	–
	--------	-----	----	----
Outstanding at 31 January 2026	13,248	1.05	–	–
	--------	-----	----	----

The total expense recognised in profit or loss for the year is as follows:

	2026	2025
	£	£
Equity-settled share-based payments	2,833	–
	-------	----

The fair value of the equity-settled share-based payments is £1.05.

11. Operating leases

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

	2026	2025
	£	£
Not later than 1 year	8,700	15,242
Later than 1 year and not later than 5 years	33,500	–
	--------	--------
	42,200	15,242
	--------	--------

12. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2026
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr R Murray	381	–	( 381)	–
	----	----	----	----

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr R Murray	–	381	–	381
	----	----	----	----

These loans are interest free and have no definite terms of repayment.

13. Subsidiary company

The company owns one hundred shares in sfG MentorNet Ltd, a company registered in Scotland with the registered office Forbes House, 36 Huntly Street, Inverness, IV3 5PR. The shareholding equates to 100% of the shares in the company.