REGISTERED NUMBER: 15448912 (England and Wales)

PERFORM OS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Simmonds

A R Taylor

N J Taylor

REGISTERED OFFICE:

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

REGISTERED NUMBER:

15448912 (England and Wales)

FIXED ASSETS

Intangible assets

4

164,740

137,750

Tangible assets

5

2,562

3,945

167,302

141,695

CURRENT ASSETS

Debtors

6

158,626

8,662

Cash at bank

162,151

103,801

320,777

112,463

CREDITORS

Amounts falling due within one year

7

(197,536

)

(79,442

)

NET CURRENT ASSETS

123,241

33,021

TOTAL ASSETS LESS CURRENT LIABILITIES

290,543

174,716

CREDITORS

Amounts falling due after more than one year

8

(421,394

)

(120,000

)

NET (LIABILITIES)/ASSETS

(130,851

)

54,716

CAPITAL AND RESERVES

Called up share capital

1,515

1,206

Share premium

209,479

95,605

Retained earnings

(341,845

)

(42,095

)

(130,851

)

54,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2026 and were signed on its behalf by:

A R Taylor - Director

1.	STATUTORY INFORMATION

Perform OS Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Going concern

At the balance sheet date the company has net liabilities, and is reliant upon the support of creditors and shareholders to continue trading. The directors have indicated that this support will continue for a period of at least 12 months from the date of signing these financial statements, and as such the going concern basis has been used.

Turnover

Revenue is recognised in accordance with Section 23 of FRS 102 Revenue from Contracts with Customers.

Revenue comprises the fair value of consideration receivable for the provision of artificial intelligence consultancy services, software development services, software subscriptions and related support services, net of value added tax and trade discounts.

Revenue is recognised when control of the promised goods or services has transferred to the customer in an amount that reflects the consideration to which the company expects to be entitled.

Consultancy and advisory services

Revenue from consultancy and advisory engagements is recognised over time as the services are provided to the customer. Where contracts are performed over a period of time, revenue is recognised by reference to the stage of completion of the engagement at the reporting date.

Software development services

Revenue from custom software and AI development projects is recognised over time where the customer simultaneously receives and consumes the benefits of the company's performance or where the work performed creates or enhances an asset controlled by the customer. Progress towards completion is measured using an appropriate input or output method that faithfully depicts the transfer of services to the customer. Where the criteria for over time recognition are not met, revenue is recognised at the point the completed solution is delivered and accepted by the customer.

Software subscriptions and hosted services

Revenue from software subscriptions, hosted platforms and access to AI powered products is recognised on a straight line basis over the period in which the customer has access to the service.

Support and maintenance services

Revenue relating to support and maintenance contracts is recognised over the period in which the services are provided.

Contract assets and contract liabilities

Amounts recognised as revenue in advance of invoicing are recorded as contract assets. Amounts invoiced in advance of the delivery of services are recognised as deferred income and released to revenue as the related performance obligations are satisfied.

Intangible assets

Development costs are recognised as intangible fixed assets as they do not meet the definition of cash, cash equivalents or financial instruments under FRS 102. Intangible assets are initially measured at cost.

After initial recognition, they are measured at cost less accumulated amortisation and any accumulated impairment losses. Development costs are amortised on a straight-line basis over their estimated useful economic life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer Equipment - Straight line over 3 years

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 recognised in the income statement.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Research and development

Expenditure on research activities is recognised as an expense in the period in which it is incurred.

An internally generated intangible asset arising from development (or the development phase of an internal project) is recognised if, and only if, an entity can demonstrate all of the following:

The technical feasibility of completing the intangible asset so that it will be available for use or sale.

Its intention to complete the intangible asset and use or sell it;

Its ability to use or sell the intangible asset;

How the intangible asset will generate probable future economic benefits;

The availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset;

Its ability to measure reliably the expenditure attributable to the intangible asset during its development.

Capitalised development costs are amortised on a systematic basis over their expected useful life, starting from the point at which the asset is available for commercial use. If development expenditure does not meet the criteria above, it is recognised as an expense in the period in which it is incurred.

Financial assets

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 February 2025

137,750

Additions

42,911

At 31 January 2026

180,661

AMORTISATION

Amortisation for year

15,921

At 31 January 2026

15,921

NET BOOK VALUE

At 31 January 2026

164,740

At 31 January 2025

137,750

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 February 2025

4,212

Additions

83

At 31 January 2026

4,295

DEPRECIATION

At 1 February 2025

267

Charge for year

1,466

At 31 January 2026

1,733

NET BOOK VALUE

At 31 January 2026

2,562

At 31 January 2025

3,945

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as restated

£

£

Trade debtors

73,260

8,280

Other debtors

85,366

382

158,626

8,662

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as restated

£

£

Trade creditors

22,319

13,907

Other creditors

175,217

65,535

197,536

79,442

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

as restated

£

£

Other creditors

421,394

120,000

9.	SECURED DEBTS

£321,394 of company borrowing has been personally guaranteed by the directors.

10.	CONTINGENT LIABILITIES

The company has received legal services in relation to a review of its share structure and associated compliance matters. The final amount payable in respect of these services has not yet been agreed and discussions are ongoing with the legal advisers regarding the fees to be charged. As the outcome of these discussions remains uncertain at the balance sheet date, it is not possible to determine reliably the extent of any additional liability that may arise.