Internetty Ltd

	Page
Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—7

1. General Information

Internetty Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09157094 . The registered office is Unit 1e Harrier Road, Barton Upon Humber, North Lincolnshire, DN18 5RP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are IP Addresses. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles - 20% reducing balance

Computer equipment - 3 years straight line

Customer Equipment - 5 years straight line

Office Equipment - 4 years straight line

Plant and Machinery - 25% reducing balance

Network Infrastructure - 10 years straight line

Network Infrastructure cost is recorded net of the value of any amounts received under the UK Government’s Gigabit Broadband Voucher Scheme (“GBVS”), part of the broader Project Gigabit program.

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Internetty Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. 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 statement of comprehensive income 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 timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

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

3. Average Number of Employees

Average number of employees, including directors, during the year was: 18 (2024: 19)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	-
Additions	5,451

As at 31 December 2025	5,451

Amortisation
As at 1 January 2025	-
Provided during the period	182

As at 31 December 2025	182

Net Book Value
As at 31 December 2025	5,269

As at 1 January 2025	-

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Internetty Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2025

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2025	1,210,291	620,644	82,820	11,553
Additions	198,968	130,916	16,100	3,304
Disposals	-	-	(42,885 )	-

As at 31 December 2025	1,409,259	751,560	56,035	14,857

Depreciation
As at 1 January 2025	346,825	342,118	25,083	6,753
Provided during the period	139,351	117,444	8,777	2,383
Disposals	-	-	(16,370 )	-

As at 31 December 2025	486,176	459,562	17,490	9,136

Net Book Value
As at 31 December 2025	923,083	291,998	38,545	5,721

As at 1 January 2025	863,466	278,526	57,737	4,800


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2025	41,765	1,967,073
Additions	5,978	355,266
Disposals	-	(42,885 )

As at 31 December 2025	47,743	2,279,454

Depreciation
As at 1 January 2025	34,635	755,414
Provided during the period	4,506	272,461
Disposals	-	(16,370 )

As at 31 December 2025	39,141	1,011,505

Net Book Value
As at 31 December 2025	8,602	1,267,949

As at 1 January 2025	7,130	1,211,659

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Internetty Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	77,057	13,879
Prepayments and accrued income	40,418	32,600

	117,475	46,479

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	25,089	28,399
Trade creditors	235,385	235,796
Bank loans and overdrafts	11,262	27,498
Corporation tax	-	25
VAT	61,072	13,197
Other creditors	93,225	-
Accruals and deferred income	147,838	153,355
Directors' loan accounts	84,719	94,519

	658,590	552,789

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	26,973	31,265
Bank loans	-	8,631
Other creditors - SRM	4,417	14,813
Other creditors - MViron	18,171	62,492
Other creditors - NetworkIn	20,000	20,000
Amounts owed to other participating interests	396,978	338,922

	466,539	476,123

"Amounts owed to other participating interests" of £396,978 comprise guaranteed convertible loan notes, which attract interest of 10.00%. All loan notes are redeemable at par. The holders of the convertible loan notes have the right to convert the outstanding principal into ordinary shares of the company at a conversion rate of £141.42 at any time up to maturity. The loan notes are unsecured.

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	25,089	28,399
Later than one year and not later than five years	26,973	31,265

	52,062	59,664

	52,062	59,664

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Internetty Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2025

10. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
10,000 Ordinary Shares of £ 0.010 each	100	100

11. Post Balance Sheet Events

Subsequent to the year end the guaranteed convertible loan notes were redeemed at par for a value of £310,000.

12. Related Party Transactions

NetworkIn Ltd

Company owned by one of the directors

Amount owing to NetworkIn £20,000 (2024-£20,000)

M-Viron

Company part owned by one of the directors

Amount owing to M-Viron £18,171 (2024-£62,492). Amount repaid within a year £44,321 (2024-£44,321)

Sarah White

Director

Amount owing to Sarah White £84,718 (2024-£94,518). Amount introduced £0 (2024-£11,994). Amount repaid £9,800 (2024 - £0)

Staffordshire Referral Marketing Ltd

Company owned by one of the directors

Amount owing to Staffordshire Referral Marketing £4,416 (2024-£14,813). Amount repaid within a year £10,397 (2024-£10,140)

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		5,269		-
Tangible Assets	5		1,267,949		1,211,659

			1,273,218		1,211,659
CURRENT ASSETS
Debtors	6	117,475		46,479
Cash at bank and in hand		180,098		63,481

		297,573		109,960
Creditors: Amounts Falling Due Within One Year	7	(658,590 )		(552,789 )

NET CURRENT ASSETS (LIABILITIES)			(361,017 )		(442,829 )

TOTAL ASSETS LESS CURRENT LIABILITIES			912,201		768,830

Creditors: Amounts Falling Due After More Than One Year	8		(466,539 )		(476,123 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(62,609 )		-

NET ASSETS			383,053		292,707

CAPITAL AND RESERVES
Called up share capital	10		100		100
Share premium account			399,967		399,967
Profit and Loss Account			(17,014 )		(107,360 )

SHAREHOLDERS' FUNDS			383,053		292,707