V-NOVA LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.3 in the financial statements concerning the Company's ability to continue as a going concern. As stated in note 2.3, the Company may be reliant on the Directors of the parent Company being able to raise sufficient additional financing in the next 12 months. These conditions, along with the other matters as set out in note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

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 101

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

James Cowper Kreston Audit

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.3 in the financial statements concerning the Company's ability to continue as a going concern. As stated in note 2.3, the Company may be reliant on the Directors of the parent Company being able to raise sufficient additional financing in the next 12 months. These conditions, along with the other matters as set out in note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Significant events

• “Post balance-sheet date, the Company's parent raised a further £6.3m in equity funding from existing and new investors. The Group has signed software and IP licensing contracts well exceeding its cost base but revenue generation at scale is dependent on the clients' roll-out priorities and additional pipeline opportunities are concentrated in high value deals with selected prospects, so it is still difficult to accurately predict cashflows timing.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +274.6%

  £33,566 → £125,723

• Cash

  +29.2%

  £116,443 → £150,424

• Net assets

  -998%

  £229,003 → -£2,056,509

  lowest in 3 filed years

• Employees

  —

  Not reported

• Operating profit

  -4,105.9%

  -£92,197 → -£3,877,705

• Profit before tax

  -2,396.7%

  -£91,541 → -£2,285,512

  lowest in 3 filed years

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