Company No: 10524522 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	J S Bray
	B Crockford (Resigned 31 December 2025)
	O Jolapamo
	C Symonds

Registered office	Runway East York And Elder Works
	50 New England Street
	Brighton
	BN1 4AW
	United Kingdom

Company number

10524522 (England and Wales)

Accountant	Kreston Reeves LLP
	Projects Nile House
	Nile Street
	Brighton
	BN1 1HW

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alirity Limited for the financial year ended 31 December 2025 which comprise the Balance Sheet and the related notes 1 to 10 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

This report is made solely to the Board of Directors of Alirity Limited, as a body, in accordance with the terms of our engagement letter dated 09 October 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Alirity Limited and state those matters that we have agreed to state to the Board of Directors of Alirity Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alirity Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Alirity Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alirity Limited. You consider that Alirity Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Alirity Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kreston Reeves LLP

Projects Nile House
Nile Street
Brighton
BN1 1HW

22 September 2026

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	131,484		149,137
Tangible assets	4	11,706		12,933
		143,190		162,070
Current assets
Stocks	5	0		57,071
Debtors	6	890,577		981,560
Cash at bank and in hand		489,145		445,582
		1,379,722		1,484,213
Creditors: amounts falling due within one year	7	( 1,252,926)		( 1,229,830)
Net current assets		126,796		254,383
Total assets less current liabilities		269,986		416,453
Provision for liabilities	8	( 4,720)		( 6,041)
Net assets		265,266		410,412
Capital and reserves
Called-up share capital	9	725		725
Capital redemption reserve		275		275
Profit and loss account		264,266		409,412
Total shareholders' funds		265,266		410,412

For the financial year 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 members have not required the Company to obtain an audit of its financial statements for the financial year 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Alirity Limited (registered number: 10524522) were approved and authorised for issue by the Board of Directors on 22 September 2026. They were signed on its behalf by:

C Symonds Director

1. Accounting policies

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

General information and basis of accounting

Alirity Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Runway East York And Elder Works, 50 New England Street, Brighton, BN1 4AW, 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 £.

Going concern

These financial statements are prepared on the going concern basis.

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 Statement of Income and Retained Earnings in the period in which they arise.

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.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Development costs

10 years straight line

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:

Office equipment	25 % reducing balance
Computer equipment	25 % reducing balance

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.

Stocks

Work in progress is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials, direct labour and those direct expenses incurred in bringing the work in progress to its present stage of completion.

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, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	18		18

3. Intangible assets

	Development costs		Total
	£		£
Cost
At 01 January 2025	176,531		176,531
At 31 December 2025	176,531		176,531
Accumulated amortisation
At 01 January 2025	27,394		27,394
Charge for the financial year	17,653		17,653
At 31 December 2025	45,047		45,047
Net book value
At 31 December 2025	131,484		131,484
At 31 December 2024	149,137		149,137

4. Tangible assets

	Office equipment		Computer equipment		Total
	£		£		£
Cost
At 01 January 2025	1,555		20,857		22,412
Additions	366		2,114		2,480
At 31 December 2025	1,921		22,971		24,892
Accumulated depreciation
At 01 January 2025	771		8,708		9,479
Charge for the financial year	257		3,450		3,707
At 31 December 2025	1,028		12,158		13,186
Net book value
At 31 December 2025	893		10,813		11,706
At 31 December 2024	784		12,149		12,933

5. Stocks

	2025		2024
	£		£
Work in progress	0		57,071

6. Debtors

	2025		2024
	£		£
Trade debtors	857,272		944,557
Amounts owed by Group undertakings	23,615		15,035
Prepayments	3,690		14,768
Other debtors	6,000		7,200
	890,577		981,560

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	457,847		771,030
Other loans	216,362		0
Accruals and deferred income	94,989		83,777
Taxation and social security	170,037		249,638
Other creditors	313,691		125,385
	1,252,926		1,229,830

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 6,041)		( 3,139)
Credited/(charged) to the Statement of Income and Retained Earnings	1,321		( 2,902)
At the end of financial year	( 4,720)		( 6,041)

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Accelerated capital allowances	( 4,720)		( 6,041)

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
325 A ordinary shares of £ 1.00 each	325		325
325 B ordinary shares of £ 1.00 each	325		325
50 D ordinary shares of £ 1.00 each	50		50
25 E ordinary shares of £ 1.00 each	25		25
	725		725

During the 2024 period, the company repurchased a number of its own shares for a total consideration of £80,000. These shares are being held in treasury and may be reissued at a future date.

At the reporting date, the company held 275 treasury shares (2024: 275).

10. Related party transactions

**Alirity Europe**
(Related party)
During the year the company provided Alirity Europe with an interest free loan. At the balance sheet date the amount due from Alirity Europe was £23,615 (2024: £15,035).

**Transformicity s.r.o**
(Joint Venture)
During the year, the company entered into a joint venture arrangement through the incorporation of Transformicity s.r.o. The company holds a joint venture interest in Transformicity s.r.o and transactions totalling £94,989 took place with the joint venture during the year. At the balance sheet date the amount due to Transformicity s.r.o. was £2,045 and is included within other creditors.

Subsequent to the reporting date, and before the financial statements were authorised for issue, the joint venture was terminated.