Filo Enterprises Ltd

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the directors on the preparation of the unaudited statutory accounts of Filo Enterprises Ltd For The Year Ended 31 July 2026

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Filo Enterprises Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Filo Enterprises Ltd , as a body, in accordance with the terms of our engagement letter dated 27 July 2026. Our work has been undertaken solely to prepare for your approval the accounts of Filo Enterprises Ltd and state those matters that we have agreed to state to the directors of Filo Enterprises Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Filo Enterprises Ltd and its directors as a body for our work or for this report.

It is your duty to ensure that Filo Enterprises Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Filo Enterprises Ltd . You consider that Filo Enterprises Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Filo Enterprises Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

19th October 2026

Ascendis Accountants, Business & Tax Advisors Ltd

Chartered Certified Accountants, Taxation and Business Advisors

First Floor, East Wing, Sandfield House

Kings Close, Water Lane

Wilmslow

Cheshire

SK9 5AR

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Filo Enterprises Ltd

Balance Sheet

As At 31 July 2026

Balance Sheet

Registered number: 06647514

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		23,963		30,171

			23,963		30,171
CURRENT ASSETS
Debtors	5	837,493		833,499
Cash at bank and in hand		11,843		23,330

		849,336		856,829
Creditors: Amounts Falling Due Within One Year	6	(637,691 )		(732,902 )

NET CURRENT ASSETS (LIABILITIES)			211,645		123,927

TOTAL ASSETS LESS CURRENT LIABILITIES			235,608		154,098

Creditors: Amounts Falling Due After More Than One Year	7		(7,960 )		(25,899 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(456 )		(7,543 )

NET ASSETS			227,192		120,656

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			227,092		120,556

SHAREHOLDERS' FUNDS			227,192		120,656

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Filo Enterprises Ltd

Balance Sheet (continued)

As At 31 July 2026

For the year ending 31 July 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 Oliver Randell

Director

19th October 2026

The notes on pages 4 to 6 form part of these financial statements.

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Filo Enterprises Ltd

Notes to the Financial Statements

For The Year Ended 31 July 2026

Notes to the Financial Statements

1. General Information

Filo Enterprises Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06647514 . The registered office is Unit A5, Harvard Road, Bury, BL9 0FU.

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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. 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	25% Reducing balance method
Computer Equipment	15% Reducing balance method

2.4. 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.

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: 1 (2025: 1)

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Filo Enterprises Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2026

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 August 2025	32,400	2,821	35,221
Additions	-	1,416	1,416

As at 31 July 2026	32,400	4,237	36,637

Depreciation
As at 1 August 2025	3,018	2,032	5,050
Provided during the period	7,346	278	7,624

As at 31 July 2026	10,364	2,310	12,674

Net Book Value
As at 31 July 2026	22,036	1,927	23,963

As at 1 August 2025	29,382	789	30,171

5. Debtors

	2026	2025
	£	£
Due within one year
Amounts owed by group undertakings	7,877	3,883
Other debtors	829,616	829,616

	837,493	833,499

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Bank loans and overdrafts	10,605	21,011
Other creditors	586,995	676,845
Taxation and social security	40,091	35,046

	637,691	732,902

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

	2026	2025
	£	£
Bank loans	7,960	25,899

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Filo Enterprises Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2026

8. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 August 2025	7,543	7,543
Utilised	(7,087 )	(7,087)

Balance at 31 July 2026	456	456

9. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1 each	100	100

10. Related Party Transactions

Active EMS Limited

Mr O Randell, a director and 50% shareholder in the company is a director in Active EMS Ltd. Active EMS Ltd is owned 100% by Active EMS Owners Ltd of which Mr O Randell is 100% shareholder.

Filo Enterprises Ltd is owed £829,200 from Active EMS Ltd at the balance sheet date. Interest of £99,600 has been charged on the loan. Filo Enterprises Ltd invoiced Active EMS Ltd £140,256 during the year for services.

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