Litigationware Limited 30/04/2026 iXBRL

Company registration number: 11492275

Litigationware Limited

Trading as Finlegal

Unaudited filleted financial statements

30 April 2026

Litigationware Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Litigationware Limited

Directors and other information


	Directors	Mr. S. G. Shinn
		Mr. J. J. Burrows
		Mercia Fund Management (Nominees) Limited


	Company number	11492275


	Registered office	Unit 8, Acorn Business Park
		Woodseats Close
		Sheffield
		S8 0TB


	Accountants	Henry Bramall & Co Limited
		Unit 8, Acorn Business Park
		Woodseats Close
		Sheffield
		S8 0TB




	Bankers	National Westminster Bank
		Hunters Bar
		669 Ecclesall Road
		Sheffield
		S11 8PW

Litigationware Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Litigationware Limited

Year ended 30 April 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Litigationware Limited for the year ended 30 April 2026 which comprise the statement of financial position and 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 solely to the board of directors of Litigationware Limited, as a body, in accordance with the terms of our engagement letter dated 20 October 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Litigationware Limited and state those matters that we have agreed to state to the board of directors of Litigationware Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Litigationware Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Litigationware Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Litigationware Limited. You consider that Litigationware Limited 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 financial statements of Litigationware Limited. 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 statutory financial statements.

Henry Bramall & Co Limited

Chartered Certifiefd Accountants

Unit 8, Acorn Business Park

Woodseats Close

Sheffield

S8 0TB

23 September 2026

Litigationware Limited

Statement of financial position

30 April 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	22,868		37,522
		_______		_______
			22,868		37,522

Current assets
Debtors	7	604,659		830,183
Cash at bank and in hand		510,709		415,271
		_______		_______
		1,115,368		1,245,454
Creditors: amounts falling due
within one year	8	( 883,869)		( 816,899)
		_______		_______
Net current assets			231,499		428,555
			_______		_______
Total assets less current liabilities			254,367		466,077

Creditors: amounts falling due
after more than one year	9		-		( 9,486)
			_______		_______
Net assets			254,367		456,591
			_______		_______

Capital and reserves
Called up share capital	10		235		215
Share premium account			6,395,118		5,070,141
Profit and loss account			( 6,140,986)		( 4,613,765)
			_______		_______
Shareholders funds			254,367		456,591
			_______		_______

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

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 23 September 2026 , and are signed on behalf of the board by:

Mr. S. G. Shinn

Director

Company registration number: 11492275

Litigationware Limited

Notes to the financial statements

Year ended 30 April 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 8, Acorn Business Park, Woodseats Close, Sheffield, S8 0TB.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The business grew claims automation annual recurring revenue (ARR) by 24% in the year to 30 April 2025. On account of the excellent sales performance in FY25, the business secured £1.3m investment in June 2025. The investment was used in the year to April 2026 for product development and innovation to tighten the company's product market fit, and, then increase sales activity. The board knew that FY26 would be loss making due to this investment into team and product development in advance of finding new markets for new products. Management have committed to a longer period of product development in AI products, and have secured further investment to close in FY27 to finalise product market fit on one AI product and to support the business until a break even in 2027. The board continues to review regular financial forecasts to ensure the business meets all its obligations, and the Directors have a plan that maintains sufficient resources on the path to profitability.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

For services which are invoiced for a time period of greater than one month, revenue is recognised evenly over the duration which has been invoiced

Taxation

Corporation tax losses sustained and carried forward have not been valued as a deferred asset. The Company participates in the merged Research and Development Expenditure Credit (“RDEC”) scheme in respect of qualifying research and development expenditure.The RDEC is recognised as income in the profit and loss account and is subject to a 19% charge to corporation tax.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Software developed	-	20 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	33 %	straight line
Leasehold improvements	-	10 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 31 (2025: 31 ).

5. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1 May 2025 and 30 April 2026	476,931	476,931
	_______	_______
Amortisation
At 1 May 2025 and 30 April 2026	476,931	476,931
	_______	_______
Carrying amount
At 30 April 2026	-	-
	_______	_______
At 30 April 2025	-	-
	_______	_______

6. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Leasehold improvements	Total
	£	£	£	£
Cost
At 1 May 2025	1,330	69,496	3,480	74,306
Additions	-	937	-	937
	_______	_______	_______	_______
At 30 April 2026	1,330	70,433	3,480	75,243
	_______	_______	_______	_______
Depreciation
At 1 May 2025	1,217	35,205	362	36,784
Charge for the year	113	14,782	696	15,591
	_______	_______	_______	_______
At 30 April 2026	1,330	49,987	1,058	52,375
	_______	_______	_______	_______
Carrying amount
At 30 April 2026	-	20,446	2,422	22,868
	_______	_______	_______	_______
At 30 April 2025	113	34,291	3,118	37,522
	_______	_______	_______	_______

7. Debtors

	2026	2025
	£	£
Trade debtors	363,438	499,943
Other debtors	241,221	330,240
	_______	_______
	604,659	830,183
	_______	_______

Other debtors includes a Research and Development tax credit equating to £123,340 (2025 - £168,239). This is disclosed as receivable under one year.

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	6,160	6,190
Trade creditors	104,909	98,115
Social security and other taxes	69,315	139,761
Other creditors	703,485	572,833
	_______	_______
	883,869	816,899
	_______	_______

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	-	9,486
	_______	_______

10. Called up share capital

	2026		2025
	No	£	No	£
Ordinary A shares of £0.0001 each	542,535	54	347,791	35
Ordinary B shares of £0.0001 each	1,810,908	181	1,799,740	180
	_______	_______	_______	_______
	2,353,443	235	2,147,531	215
	_______	_______	_______	_______

A further 194,744 A ordinary shares of £0.0001 each in the capital of the Company have been issued and allotted. A further 11,168 B ordinary shares of £0.0001 each in the capital of the Company have been issued and allotted.

11. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	62,087	54,188
Later than 1 year and not later than 5 years	10,178	40,940
	_______	_______
	72,265	95,128
	_______	_______

Lease commitments in respect of vehicles and the rental of land and buildings are included in the above.

12. Events after the end of the reporting period

Events after the reporting period include the further allotment and issuance of ordinary share capital. The company secured investments of £391,890 on 3rd August 2026 and £240,000 on 16th September 2026, representing total capital growth of £631,890. Management intends to utilise these funds to facilitate ongoing growth strategies.This event occurred after the reporting period and represents a non-adjusting event. Consequently, no adjustments have been made to the amounts recognised in these financial statements.

13. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2026
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr. S. G. Shinn	17,480	50	( 17,480)	50
		_______	_______	_______	_______

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr. S. G. Shinn	16,414	1,066	-	17,480
		_______	_______	_______	_______

This advance was repaid in May 2025. No interest has been charged on this advance. The £50 has since been repaid to the company. There now remains no overdrawn loan account.