Company Registration No. 14526763 (England and Wales)
Condukt Ltd
Unaudited accounts
for the year ended 31 December 2025
Condukt Ltd
Unaudited accounts
Contents
Condukt Ltd
Company Information
for the year ended 31 December 2025
Directors
Mr Paulo Guichard
Mr Bhasker Rao
Company Number
14526763 (England and Wales)
Registered Office
4rd Floor Office
Regent Street
London
W1B 3HH
United Kingdom
Accountants
Sleek Accounting Ltd
4th Floor
205 Regent Street
London
W1B 4HB
Condukt Ltd
Statement of financial position
as at 31 December 2025
Tangible assets
28,371
15,989
Cash at bank and in hand
3,756,717
955,754
Creditors: amounts falling due within one year
(94,910)
(65,891)
Net current assets
4,541,256
1,308,496
Net assets
4,569,627
1,324,485
Called up share capital
173
127
Share premium
7,499,917
2,499,947
Capital redemption reserve
9
9
Profit and loss account
(2,930,472)
(1,175,598)
Shareholders' funds
4,569,627
1,324,485
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 21 October 2026 and were signed on its behalf by
Mr Paulo Guichard
Director
Company Registration No. 14526763
Condukt Ltd
Notes to the Accounts
for the year ended 31 December 2025
Condukt Ltd is a private company, limited by shares, registered in England and Wales, registration number 14526763. The registered office is 4rd Floor Office, Regent Street, London, W1B 3HH, United Kingdom.
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:
Computer equipment
20% Reducing Balance
Expenditure on research and development is written off in the year in which it is incurred.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Condukt Ltd
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Computer equipment
At 31 December 2025
37,487
At 31 December 2025
28,371
At 31 December 2024
15,989
Amounts falling due within one year
Trade debtors
11,972
1,912
Deferred tax asset
792,901
383,391
Accrued income and prepayments
2,919
557
Other debtors
60,892
28,621
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
6,408
30,098
Taxes and social security
47,022
32,628
Other creditors
2,826
2,310
Loans from directors
855
855
Condukt Ltd
Notes to the Accounts
for the year ended 31 December 2025
Allotted, called up and fully paid:
974,924 Ordinary shares of £0.0001 each
97.49
90.82
357,265 Pre Seed of £0.0001 each
35.72
35.72
397,577 Seed Preferred of £0.0001 each
39.75
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Shares issued during the period:
66,625 Ordinary shares of £0.0001 each
6.66
397,577 Seed Preferred of £0.0001 each
39.75
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Average number of employees
During the year the average number of employees was 10 (2024: 6).