Company Registration No. 11648112 (England and Wales)
Honest Enterprises Limited
Unaudited accounts
for the year ended 31 December 2025
Honest Enterprises Limited
Unaudited accounts
Contents
Honest Enterprises Limited
Company Information
for the year ended 31 December 2025
Directors
A Aitken
J Mihill
T Edmondson
Company Number
11648112 (England and Wales)
Registered Office
3.06
Edinburgh House
170 Kennington Lane
London
SE11 5DP
England
Honest Enterprises Limited
Statement of financial position
as at 31 December 2025
Tangible assets
22,885
20,299
Cash at bank and in hand
1,201,421
277,099
Creditors: amounts falling due within one year
(2,085,763)
(557,969)
Net current (liabilities)/assets
(630,385)
323,472
Total assets less current liabilities
(607,500)
343,771
Provisions for liabilities
Other provisions
(20,208)
(25,000)
Net (liabilities)/assets
(627,708)
318,771
Called up share capital
4
4
Share premium
6,790,663
4,817,050
Profit and loss account
(7,418,375)
(4,498,283)
Shareholders' funds
(627,708)
318,771
For the 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. 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2026 and were signed on its behalf by
A Aitken
Director
Company Registration No. 11648112
Honest Enterprises Limited
Notes to the Accounts
for the year ended 31 December 2025
Honest Enterprises Limited is a private company, limited by shares, registered in England and Wales, registration number 11648112. The registered office is 3.06, Edinburgh House, 170 Kennington Lane, London, SE11 5DP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
100%
Turnover represents amounts receivable for the provision of connectivity and subscription services, stated net of discounts, value added tax and other sales taxes. Revenue is recognised over the period during which the services are provided. Where customers are invoiced or pay in advance, the amount relating to services to be provided after the year end is deferred, included within creditors as deferred income, and recognised in turnover over the period the services are delivered.
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 accounts. 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.
Honest Enterprises Limited
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2025
13,906
48,300
62,206
Additions
15,924
17,763
33,687
At 31 December 2025
29,830
66,063
95,893
At 1 January 2025
8,923
32,984
41,907
Charge for the year
7,937
23,164
31,101
At 31 December 2025
16,860
56,148
73,008
At 31 December 2025
12,970
9,915
22,885
At 31 December 2024
4,983
15,316
20,299
Amounts falling due within one year
Trade debtors
98,558
306,888
Accrued income and prepayments
374
-
Other debtors
134,370
275,008
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
180,499
59,337
Trade creditors
141,018
236,252
Taxes and social security
47,111
41,588
Other creditors
1,446,477
126,535
Other creditors include deferred income of £1,434,750 (2024: £108,050), representing amounts invoiced to customers in advance of the provision of service, stated net of VAT.
This balance is a performance obligation, not a financial liability. It does not represent an obligation to deliver cash or another financial asset; it is an obligation to provide customers with service they have already paid for, discharged by providing that service over the remainder of the contract term. It is released to turnover on a straight-line basis over the contract term as the service is provided, with the related cost of providing that service recognised as it is incurred.
Honest Enterprises Limited
Notes to the Accounts
for the year ended 31 December 2025
7
Deferred taxation
2025
2024
Tax losses carried forward
1,487,893
821,683
Other deferred taxation
(1,487,893)
(821,683)
There is no deferred tax asset shown in the accounts. The tax losses carried forward at 31 December 2025 amounted to £5,951,573. The unrecognised deferred tax asset amounts to £1,487,893. This amount is shown in the table above, but cancelled as not recognised in the accounts.
8
Average number of employees
During the year the average number of employees was 24 (2024: 19).