Registration number: 14846975

Electrify Research Ltd

Contents
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Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Electrify Research Ltd

Company Information
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Director

B Marks

Registered office

51 Glassyn Road London N8 8RJ

Electrify Research Ltd

(Registration number: 14846975)
Balance Sheet as at 30 June 2026
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	Note	2026 £		2025 £
Fixed assets
Intangible assets	4		26,824		23,400
Tangible assets	5		1,646		118
			28,470		23,518
Current assets
Debtors	6	1,582		1,154
Cash at bank and in hand		16,474		17,102
		18,056		18,256
Creditors: Amounts falling due within one year	7	(2,884)		(5,400)
Net current assets			15,172		12,856
Total assets less current liabilities			43,642		36,374
Creditors: Amounts falling due after more than one year	7		(88,252)		(96,331)
Net liabilities			(44,610)		(59,957)
Capital and reserves
Called up share capital	8	10		10
Retained earnings		(44,620)		(59,967)
Shareholders' deficit			(44,610)		(59,957)

For the financial year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 September 2026
 

......................................... B Marks Director

Electrify Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026
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1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.
The company is currently in the platform development stage and the director has confirmed that he will continue to support the company for at least another 12 months from the date the accounts are signed and has accepted that his loan to the company will be subordinate to any other of the company's creditors.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of turnover can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Electrify Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026
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Depreciation method and rate for Tangible assets
Asset class	Depreciation method and rate
Fixtures and equipment	33% straight line basis

Amortisation

Amortisation is provided on internally developed software so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Internally developed software	33.3% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Electrify Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026
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2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

3

Taxation

Tax charged/(credited) in the profit and loss account

	2026 £	2025 £
Current taxation
UK corporation tax	(6)	-

Electrify Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026
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4	Intangible assets

	Internally generated software development costs  £	Total £
Cost or valuation
At 1 July 2025	34,100	34,100
Additions acquired separately	18,564	18,564
At 30 June 2026	52,664	52,664
Amortisation
At 1 July 2025	10,700	10,700
Amortisation charge	15,140	15,140
At 30 June 2026	25,840	25,840
Carrying amount
At 30 June 2026	26,824	26,824
At 30 June 2025	23,400	23,400

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 July 2025	471	471
Additions	2,097	2,097
At 30 June 2026	2,568	2,568
Depreciation
At 1 July 2025	354	354
Charge for the year	568	568
At 30 June 2026	922	922
Carrying amount
At 30 June 2026	1,646	1,646
At 30 June 2025	118	118

Electrify Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026
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6

Debtors

Current	2026 £	2025 £
Prepayments	277	1,126
Other debtors	1,305	28
	1,582	1,154

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Taxation and social security	1,384	-
Accruals and deferred income	1,500	5,400
	2,884	5,400

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	9	88,252	96,331

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £0.00 each	1,000,000	10	1,000,000	10

9	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Other borrowings	88,252	96,331