Aptap Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11171584

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,421		2,243

			4,421		2,243
CURRENT ASSETS
Debtors	5	79,920		54,422
Cash at bank and in hand		42,693		43,469

		122,613		97,891
Creditors: Amounts Falling Due Within One Year	6	(922,600 )		(756,841 )

NET CURRENT ASSETS (LIABILITIES)			(799,987 )		(658,950 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(795,566 )		(656,707 )

Creditors: Amounts Falling Due After More Than One Year	7		(775,221 )		-

NET LIABILITIES			(1,570,787 )		(656,707 )

CAPITAL AND RESERVES
Called up share capital	8		240		240
Share premium account			2,233,643		2,233,643
Profit and Loss Account			(3,804,670 )		(2,890,590 )

SHAREHOLDERS' FUNDS			(1,570,787)		(656,707)

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Aptap Ltd

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr William Billingsley

Director

20 October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Aptap Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11171584 . The registered office is 41 Pitfield St, London, N1 6DA.

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. Going Concern Disclosure

The directors have prepared cash flow forecasts to 31 December 2027 which indicate that additional growth funding will be sought during that period, and that the Company is expected to become cash generative within it. The company also expects to extend the maturity of the liabilities due in January 2027. The directors are in discussions with existing shareholders regarding a further facility, and shareholders have supported the Company through successive funding rounds to date.

This indicates a maturing of the Company's ability to scale. Having considered the forecasts, the contracted revenue position and the indications of continued shareholder support, the directors have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future and accordingly continue to adopt the going concern basis.

2.3. 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.

2.4. 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:

Computer Equipment

4 years straight line

2.5. 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 year 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.

...CONTINUED

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Aptap Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.5. Taxation - continued

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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 10 (2025: 9)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 February 2025	11,940
Additions	4,836

As at 31 January 2026	16,776

Depreciation
As at 1 February 2025	9,697
Provided during the period	2,658

As at 31 January 2026	12,355

Net Book Value
As at 31 January 2026	4,421

As at 1 February 2025	2,243

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	40,574	11,493
Prepayments and accrued income	39,346	39,963
VAT	-	2,966

	79,920	54,422

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Aptap Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Other taxes and social security	17,090	12,972
VAT	13,712	-
Other creditors	387	547
Convertible loan notes	580,896	531,696
Accruals and deferred income	110,015	26,152
Directors' loan accounts	200,500	185,474

	922,600	756,841

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

	2026	2025
	£	£
Convertible loan notes - more than one year	775,221	-

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	240	240

9. Post Balance Sheet Events

Since 31 January 2026 the Company has entered into supplier agreements with several major clients, amounting to several million pounds in contracted revenue over the coming 36 months.

The Company commenced revenue-generating services with multiple of the aforementioned clients from March 2026, and drew further tranches under its second convertible loan note instrument in the summer of 2026. Monthly gross revenue has increased three-fold since the end of the financial year.

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