Executive Summary
Key Takeaways
- Net Loss: €10,966.85 for Q1 2025, primarily driven by cost of goods sold and operating expenses
- Cash Position: €532.14 in bank accounts as of March 31, 2025
- Outstanding Payables: €405.90 in accounts payable
- Zero Outstanding Receivables: All invoices paid; no outstanding customer debt
1. Profit & Loss Analysis
1.1 Revenue Overview
During Q1 2025, the company recorded cost of goods sold totaling €10,350.00. The gross profit position reflects the direct costs associated with operations during this period.
| Category | Amount (EUR) |
|---|---|
| Cost of Goods Sold | €10,350.00 |
| Total Cost of Sales | €10,350.00 |
| Gross Profit | (€10,350.00) |
1.2 Operating Expenses
Operating expenses for Q1 2025 totaled €616.85, distributed across several key categories:
| Expense Category | Amount (EUR) | % of Total |
|---|---|---|
| Consulting & Accounting | €405.90 | 65.8% |
| Research & Development | €198.27 | 32.1% |
| Bank Fees | €10.00 | 1.6% |
| Office: Software Expenses | €2.68 | 0.4% |
| Total Operating Expenses | €616.85 | 100% |
1.3 Net Profit Summary
2. Balance Sheet Summary
2.1 Assets
As of March 31, 2025, total assets stand at €532.14, held entirely in the Revolut EUR Main bank account.
| Asset | March 31, 2025 | March 31, 2024 |
|---|---|---|
| Revolut EUR Main | €532.14 | €0.00 |
| Total Assets | €532.14 | €0.00 |
2.2 Liabilities
Total liabilities amount to €14,948.99, comprising:
| Liability | Amount (EUR) |
|---|---|
| Accounts Payable | €405.90 |
| Director's Current Account - Shubham Jain | €13,993.09 |
| Director's Loan Account - Shubham Jain | €550.00 |
| Total Current Liabilities | €14,948.99 |
2.3 Equity Position
| Equity Component | Amount (EUR) |
|---|---|
| Current Year Earnings (Q1 2025) | (€10,966.85) |
| Retained Earnings | (€3,450.00) |
| Total Equity | (€14,416.85) |
3. Cash Flow Summary
3.1 Payment Activity
During Q1 2025, the company processed 7 paid invoices totaling €10,358.89 in payments. Key payment categories include:
| Vendor | Description | Amount (EUR) |
|---|---|---|
| Sqillx Education Private Limited | Full-Stack Engineer Services | €10,350.00 |
| Around Finance | Annual Accounts & Corporation Tax | €405.90 |
| Secret (Tech Lab SAS) | Professional Services | €193.09 |
3.2 Receivables Status
Outstanding Accounts Receivable: €0.00
All customer invoices for Q1 2025 have been paid in full. There are no outstanding receivables as of March 31, 2025.
3.3 Payables Status
Outstanding Accounts Payable: €405.90
The remaining payables consist primarily of consulting and accounting services.
4. Key Observations & Recommendations
4.1 Financial Health
- The company maintains a positive cash position of €532.14 despite the net loss
- Zero outstanding receivables indicates strong collection practices
- Consulting & accounting expenses represent the largest operating cost category
4.2 Areas for Attention
- Cost Management: Cost of goods sold (€10,350) significantly exceeds current revenue streams
- Director's Accounts: €14,543.09 in director-related liabilities require monitoring
- Cash Flow: Current cash position provides limited runway; revenue generation should be prioritized
4.3 Strategic Recommendations
- Review cost of goods sold structure to identify optimization opportunities
- Accelerate revenue-generating activities to improve cash flow
- Establish clear repayment schedule for director's loan accounts
- Monitor monthly burn rate to ensure adequate liquidity