GISMART LIMITED

Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 2020-12-31.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. In assessing the Group's ability to continue as a going concern, the director has considered the current geopolitical situation, including the ongoing tensions in Eastern Europe. The director notes that the Group's exposure to the affected regions has significantly reduced, and they have concluded that these factors do not give rise to material uncertainty regarding the Group's ability to continue trading for at least 12 months from the date of approval of these financial statements. At the reporting date, the Group had a loan amounting to $17.45 million due to it's parent Gismart Limited (BVI), which was fully repaid during 2025. The director has prepared cash flow forecasts and considered the expected future development of the business. Based on these assessments, the director has a reasonable expectation that the Group will have adequate resources to meet its obligations as they fall due for a period of at least twelve months from the date of approval of these financial statements. Accordingly, the going concern basis of preparation has been adopted.”

Group structure

1. GISMART LIMITED · parent
   1. Fulfilling Inc. 100% · USA

Significant events

• “On 4 March 2025, Gismart Limited sold its BI/Billing application to a Cyprus based related entity. As this transaction took place after 31 December 2024, it is considered a non-adjusting event and has no impact on the financial position reported as at year end.”
• “On 12 February 2025, Gismart Limited completed the sale of its My Growth App to a Cyprus based related entity. As this transaction took place after 31 December 2024, it is considered a non-adjusting event and has no impact on the financial position reported as at year end.”
• “Subsequent to the year end, an ongoing HMRC enquiry was closed. The Group reached a resolution with HMRC under a suspended penalty arrangement amounting to £42,750 (approx $53,504).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +362.9%

  £13,237,990 → £61,279,959

• Cash

  -56.3%

  £22,589,759 → £9,874,285

  lowest in 3 filed years

• Net assets

  +484.3%

  £10,617,881 → £62,039,123

• Employees

  0%

  8 → 8

• Operating profit

  +514.1%

  £1,376,655 → £8,453,756

• Profit before tax

  -344.1%

  £1,456,373 → -£3,554,554

• Wages

  +240.8%

  £292,276 → £996,024

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers