Company registration number: 14690170
Annual report and unaudited financial statements
for the year ended 28 August 2026
for
Gitlife Biotech Ltd
Pages for filing with the Registrar
Company registration number: 14690170
Gitlife Biotech Ltd
Balance sheet
as at 28 August 2026
28 Aug 26 28 Aug 25
Note £ £ £ £
Fixed assets
Intangible assets 4 7,816 6,655
Tangible assets 5 439 5,239
8,255 11,894
Current assets
Debtors 1,310 2,258
Cash at bank and in hand 43,008 33,458
44,318 35,716
Creditors: amounts falling due within one year
(9,116) (18,200)
Net current assets 35,202 17,516
Total assets less current liabilities 43,457 29,410
Provisions for liabilities (2,064) (2,974)
NET ASSETS 41,393 26,436
Capital and reserves
Called up share capital 121 108
Share premium account 634,776 510,064
Profit and loss account (593,504) (483,736)
TOTAL EQUITY 41,393 26,436
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 28 August 2026.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 14690170
Gitlife Biotech Ltd
Balance sheet - continued
as at 28 August 2026
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 24 September 2026 and signed on its behalf by:
Mr A Orr Ewing, Director
24 September 2026
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Gitlife Biotech Ltd
Notes to the financial statements
for the year ended 28 August 2026
1 Company information
Gitlife Biotech Ltd is a private company registered in England and Wales. Its registered number is 14690170. The company is limited by shares. Its registered office is 3rd Floor Maybrook House, 27-35 Grainger Street, Newcastle Upon Tyne, NE1 5JE.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
The company’s continued operation was dependent on securing additional funding by 31 August 2026. The directors had determined that, if sufficient funding was not secured by that date, the company would cease its activities and proceed with a voluntary liquidation. The required funding was not secured, and the directors are consequently pursuing a solvent voluntary liquidation. Although the directors expect the company to settle its liabilities in full, they consider that preparation of the financial statements on a going concern basis is no longer appropriate given their intention to liquidate the company. The financial statements have therefore been prepared in accordance with FRS 102, including Section 1A, on a basis other than going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Patents and licences - 15 years straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Computer equipment - 3 years straight line
3
Gitlife Biotech Ltd
Notes to the financial statements - continued
for the year ended 28 August 2026
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 6 (2025 - 6).
4 Intangible assets
Other intangible assets

£
Cost
At 29 August 2025 6,895
Additions 1,270
At 28 August 2026 8,165
Amortisation
At 29 August 2025 240
Charge for year 109
At 28 August 2026 349
4
Gitlife Biotech Ltd
Notes to the financial statements - continued
for the year ended 28 August 2026
4 Intangible assets - continued
Net book value
At 28 August 2026 7,816
At 28 August 2025 6,655
5 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 29 August 2025 7,489
Disposals (5,530)
At 28 August 2026 1,959
Depreciation
At 29 August 2025 2,250
Charge for year 806
Eliminated on disposal (1,536)
At 28 August 2026 1,520
Net book value
At 28 August 2026 439
At 28 August 2025 5,239
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