Company No: SC270886 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2025		31.05.2025
		£		£
Fixed assets
Tangible assets	3	7,425		9,555
		7,425		9,555
Current assets
Debtors
- due within one year	4	149,681		104,094
- due after more than one year	4	466,621		0
Cash at bank and in hand		625,746		696,654
		1,242,048		800,748
Creditors: amounts falling due within one year	5	( 622,972)		( 278,968)
Net current assets		619,076		521,780
Total assets less current liabilities		626,501		531,335
Creditors: amounts falling due after more than one year	6	( 10)		( 10)
Provision for liabilities		( 1,125)		( 910)
Net assets		625,366		530,415
Capital and reserves
Called-up share capital		1,190		1,191
Share premium account		199,998		199,998
Capital redemption reserve		40		39
Profit and loss account		424,138		329,187
Total shareholder's funds		625,366		530,415

For the financial period ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Software Alliance Limited (registered number: SC270886) were approved and authorised for issue by the Board of Directors on 10 September 2026. They were signed on its behalf by:

Mr G Shepherd CDIr FloD Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Software Alliance Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 5 South Charlotte Street, Edinburgh, EH2 4AN, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

These accounts have been prepared to 31 December 2025, representing a 7 month period. This set of accounts are not directly comparable to the prior period accounts as these represent data from a 12 month period to 31 May 2025.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

For licence fees, the majority of the income is recognised on commencement of the licence. However a proportion of the licence fee attributable to ongoing service and support is deferred and released to income over the length of the licence.

Employee benefits

Short term benefits
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

Ordinary shares are classified as equity. equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distributions to the company's ordinary shareholders are recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Fixed dividends to the company's preference shareholders are accrued as a liability over the period they are due, irrespective of when payment is to be made.

2. Employees

	Period from 01.06.2025 to 31.12.2025		Year ended 31.05.2025
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	12		11

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 June 2025	36,914		36,914
At 31 December 2025	36,914		36,914
Accumulated depreciation
At 01 June 2025	27,359		27,359
Charge for the financial period	2,130		2,130
At 31 December 2025	29,489		29,489
Net book value
At 31 December 2025	7,425		7,425
At 31 May 2025	9,555		9,555

4. Debtors

	31.12.2025		31.05.2025
	£		£
Debtors: amounts falling due within one year
Trade debtors	82,647		0
Amounts owed by related parties	0		68,599
Other debtors	67,034		35,495
	149,681		104,094
Debtors: amounts falling due after more than one year
Amounts owed by related parties	466,621		0

5. Creditors: amounts falling due within one year

	31.12.2025		31.05.2025
	£		£
Trade creditors	56,956		8,681
Accruals	300,617		120,581
Corporation tax	91,940		52,196
Other taxation and social security	161,457		67,623
Dividends payable	0		17,500
Other creditors	12,002		12,387
	622,972		278,968

6. Creditors: amounts falling due after more than one year

	31.12.2025		31.05.2025
	£		£
Other creditors	10		10

There are no amounts included above in respect of which any security has been given by the small entity.

7. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	31.12.2025		31.05.2025
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	6,291		6,111

8. Related party transactions

Other related party transactions

	31.12.2025		31.05.2025
	£		£
Owed by shareholder directors	0		35,459
Owed by other shareholders and related companies	466,621		33,140

9. Ultimate controlling party

Balio Software Limited is the parent company.

There is no ultimate controlling party.