Miracl Digital Services Limited Accounts






Miracl Digital Services Limited

	Company No. 15287110
		Information for Filing with The Registrar
		31 December 2025

The Directors present their report and the accounts for the year ended 31 December 2025.

Principal activities
The principal activity of the company during the year under review was the development and sale of passwordless authentication software.




Directors

The Directors who served at any time during the year were as follows:

R. Griffin
I. Nikolskiy
B. Rapp
M. Tanaka
G. Wyatt





































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

R. Griffin
Director
19 March 2026

at	31 December 2025
Company No.		15287110	Notes	2025	2024
				£	£
Fixed assets
	Intangible assets		4	1,076,037	834,373
	Tangible assets		5	3,115	4,090


				1,079,152	838,463
Current assets

	Debtors		6	172,407	141,964

	Cash at bank and in hand			2,590	3,481
				174,997	145,445
Creditors: Amount falling due within one year			7	(173,084)	(319,137)
Net current assets/(liabilities)				1,913	(173,692)
Total assets less current liabilities				1,081,065	664,771
Creditors: Amounts falling due after more than one year			8	(1,231,974)	(427,426)



Net (liabilities)/assets				(150,909)	237,345

Capital and reserves
	Called up share capital			15,113	13,886
	Share premium account		9	1,007,506	676,115


	Profit and loss account		9	(1,173,528)	(452,656)

Total equity				(150,909)	237,345



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 year 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 13 March 2026 and signed on its behalf by:
R. Griffin
Director
19 March 2026

for the year ended 31 December 2025

General information

Miracl Digital Services Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 15287110

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.

As at the time of presentation of these accounts, the company has secured additional equity finance of £500,0000.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Research and development costs

Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.

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.

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.

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.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	4	4

4	Intangible fixed assets
			Develop-ment costs	Other	Total
			£	£	£
		Cost
		At 1 January 2025	518,127	450,000	968,127
		Additions	486,897	-	486,897

		At 31 December 2025	1,005,024	450,000	1,455,024
		Amortisation and impairment
		At 1 January 2025	51,254	82,500	133,754
		Charge for the year	155,233	90,000	245,233


		At 31 December 2025	206,487	172,500	378,987
		Net book values
		At 31 December 2025	798,537	277,500	1,076,037
		At 31 December 2024	466,873	367,500	834,373

5	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 January 2025	4,730	4,730
		Additions	770	770



		At 31 December 2025	5,500	5,500
		Depreciation
		At 1 January 2025	640	640
		Charge for the year	1,745	1,745



		At 31 December 2025	2,385	2,385
		Net book values
		At 31 December 2025	3,115	3,115
		At 31 December 2024	4,090	4,090

6	Debtors
			2025	2024
			£	£
		Trade debtors	14,000	2,400

		Corporation tax recoverable	113,742	100,286

		VAT recoverable	28,903	25,733

		Other debtors	100	-
		Prepayments and accrued income	15,662	13,545
			172,407	141,964

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




		Trade creditors	151,680	298,511

		Taxes and social security	3,971	3,641

		Other creditors	10,311	9,861
		Accruals and deferred income	7,122	7,124
			173,084	319,137

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


		Other loans	903,678	332,452


		Amounts owed to group undertakings	9,500	-

		Accruals and deferred income	318,796	94,974
			1,231,974	427,426

Reserves

Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

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