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Registered number: 13147031
Augmented Haptics Ltd
Financial Statements
For The Year Ended 31 January 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13147031
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 62,267 32,510
Tangible Assets 5 1,589 2,360
63,856 34,870
CURRENT ASSETS
Cash at bank and in hand 4,496 4,705
4,496 4,705
Creditors: Amounts Falling Due Within One Year 6 (3,437 ) (2,795 )
NET CURRENT ASSETS (LIABILITIES) 1,059 1,910
TOTAL ASSETS LESS CURRENT LIABILITIES 64,915 36,780
NET ASSETS 64,915 36,780
CAPITAL AND RESERVES
Called up share capital 7 10 10
Share premium account 86,798 86,798
Profit and Loss Account (21,893 ) (50,028 )
SHAREHOLDERS' FUNDS 64,915 36,780
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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 G C Quinn
Director
27 October 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Augmented Haptics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13147031 . The registered office is 36 Moat Lane, Chester, Cheshire, CH4 7FZ.
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.
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.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Trademarks and Patents. They are amortised to profit and loss account over its estimated economic life of 10 and 20 years respectively.
2.5. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to the profit and loss account on a straight line basis over their expected useful economic lives of 4 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.6. 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:
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% reducing balance
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. 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 years 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 assets reflect 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: 3 (2025: 3)
3 3
4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 February 2025 40,564 - 40,564
Additions - 34,763 34,763
As at 31 January 2026 40,564 34,763 75,327
Amortisation
As at 1 February 2025 8,054 - 8,054
Provided during the period 2,129 2,877 5,006
As at 31 January 2026 10,183 2,877 13,060
Net Book Value
As at 31 January 2026 30,381 31,886 62,267
As at 1 February 2025 32,510 - 32,510
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2025 131 4,117 4,248
As at 31 January 2026 131 4,117 4,248
Depreciation
As at 1 February 2025 75 1,813 1,888
Provided during the period 11 760 771
As at 31 January 2026 86 2,573 2,659
Net Book Value
As at 31 January 2026 45 1,544 1,589
As at 1 February 2025 56 2,304 2,360
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Corporation tax 561 -
Accruals and deferred income 1,656 1,575
Directors' loan accounts 1,220 1,220
3,437 2,795
7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 10 10
8. Related Party Transactions
During the year the directors' provided services to the company amounting to £53,168 (2025: £34,453). The individuals were engaged as independent subcontractors and all transactions were undertaken on an arm's length basis.
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr G Quinn by virtue of his majority ownership of the issued share capital in the company.
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