OVO Software Services Limited Accounts






OVO Software Services Limited

	Company No. 07029045
		Information for Filing with The Registrar
		31 December 2025

at	31 December 2025
Company No.		07029045	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		6	2,598	3,779

	Investments		7	867	867
				3,465	4,646
Current assets

	Debtors		8	828,625	146,994

	Cash at bank and in hand			643,649	1,038,381
				1,472,274	1,185,375
Creditors: Amount falling due within one year			9	(1,399,168)	(322,201)
Net current assets				73,106	863,174
Total assets less current liabilities				76,571	867,820
Creditors: Amounts falling due after more than one year			10	-	(151,577)



Net assets				76,571	716,243

Capital and reserves
	Called up share capital			2	2



	Profit and loss account		12	76,569	716,241

Total equity				76,571	716,243



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the period ended 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 31 July 2026 and signed on its behalf by:
Christopher Thompson
Director
31 July 2026

for the period ended 31 December 2025

General information

OVO Software Services Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 07029045

Its registered office is:

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Consolidation

The company is exempt from preparing group accounts under section 399 of the Companies Act 2006 as it is a small group.

Accounting policies

Turnover

Sales revenue is recognised when a booking is made. Turnover is reduced in the event of a subsequent cancellation of a booking.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Motor vehicles

25% reducing balance

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Investments

Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

Change in length of the reporting period

The length of the reporting period has been changed from 12 months to 15 months to align the statutory financial year with the company's internal reporting period. Therefore the comparatives are not comparable.

5	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the period:	4	2

6	Tangible fixed assets
			Motor vehicles	Total
			£	£
		Cost or revaluation
		At 1 October 2024	15,925	15,925




		At 31 December 2025	15,925	15,925
		Depreciation
		At 1 October 2024	12,146	12,146
		Charge for the year	1,181	1,181



		At 31 December 2025	13,327	13,327
		Net book values
		At 31 December 2025	2,598	2,598
		At 30 September 2024	3,779	3,779

7	Investments
			Investment in Subsidiaries	Total
			£	£
		Cost or valuation
		At 1 October 2024	867	867



		At 31 December 2025	867	867
		Provisions/Impairment





		Net book values
		At 31 December 2025	867	867
		At 30 September 2024	867	867

8	Debtors
			2025	2024
			£	£
		Trade debtors	-	3,870
		Amounts owed by group undertakings	593,250	-


		VAT recoverable	6,637	2,685

		Other debtors	29,925	9,841
		Prepayments and accrued income	198,813	130,598
			828,625	146,994

9	Creditors:
		amounts falling due within one year
			2025	2024
			£	£




		Trade creditors	34,113	11,462
		Amounts owed to group undertakings	-	35,111
		Taxes and social security	211,381	147,350

		Other creditors	234,052	48,916
		Accruals and deferred income	919,622	79,362
			1,399,168	322,201

10	Creditors:
		amounts falling due after more than one year
			2025	2024
			£	£






		Other creditors	-	151,577

			-	151,577

Share Capital

During the year, the company subdivided its share capital such that it has issued share capital of 1,900,000 A Ordinary and 100,000 B Ordinary shares. Each share is worth £0.000001. All shares are fully paid.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

French tax review and prior-period adjustment

During the year, the company concluded a review by the French tax authorities relating to earlier
accounting periods. Opening retained earnings have been reduced by £151,577 to recognise French
VAT of £131,953 and French corporation tax of £19,624 attributable to those periods.

Penalties and interest of £18,561 arising from the review have been charged in the current year.

The comparative figures have been restated accordingly.