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REGISTERED NUMBER: 10860988 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

FIMATIX UK LTD

FIMATIX UK LTD (REGISTERED NUMBER: 10860988)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 9

FIMATIX UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr T C Howarth
Mr P J D M James
Mr S P O'Sullivan





SECRETARY: Mr S J Nadin





REGISTERED OFFICE: Unit 11.1.1
The Leathermarket Weston Street,
London Bridge
London
SE1 3ER





REGISTERED NUMBER: 10860988 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

FIMATIX UK LTD (REGISTERED NUMBER: 10860988)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 36,344 48,459
Investments 5 8,154,648 8,154,648
8,190,992 8,203,107

CURRENT ASSETS
Stocks 161,512 23,675
Debtors 6 2,602,494 2,456,175
Cash at bank 27,588 41,650
2,791,594 2,521,500
CREDITORS
Amounts falling due within one year 7 (3,375,437 ) (2,681,237 )
NET CURRENT LIABILITIES (583,843 ) (159,737 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,607,149

8,043,370

CREDITORS
Amounts falling due after more than one year 8 (2,133,803 ) (1,800,452 )

PROVISIONS FOR LIABILITIES 9 (6,905 ) (9,207 )
NET ASSETS 5,466,441 6,233,711

CAPITAL AND RESERVES
Called up share capital 242 242
Share premium 6,278,730 6,278,730
Retained earnings (812,531 ) (45,261 )
SHAREHOLDERS' FUNDS 5,466,441 6,233,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FIMATIX UK LTD (REGISTERED NUMBER: 10860988)

BALANCE SHEET - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Mr T C Howarth - Director


FIMATIX UK LTD (REGISTERED NUMBER: 10860988)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Fimatix UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Fimatix UK Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in Progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure, an appropriate proportion of fixed and variable overhead, and an appropriate proportion of profit where profit is allocated across the whole project on a straight line.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity
concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.


FIMATIX UK LTD (REGISTERED NUMBER: 10860988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments in subsidiaries and associates
Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value, can be reliably determined, are remeasured to market value at each balance sheet date.Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 40 ) .

FIMATIX UK LTD (REGISTERED NUMBER: 10860988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 66,354
DEPRECIATION
At 1 July 2023 17,895
Charge for year 12,115
At 30 June 2024 30,010
NET BOOK VALUE
At 30 June 2024 36,344
At 30 June 2023 48,459

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 7,223,552 931,096 8,154,648
NET BOOK VALUE
At 30 June 2024 7,223,552 931,096 8,154,648
At 30 June 2023 7,223,552 931,096 8,154,648

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 602,721 745,558
Amounts owed by group undertakings 514,002 491,484
Amounts owed by associates 1,355 1,355
Other debtors 1,484,416 1,217,778
2,602,494 2,456,175

FIMATIX UK LTD (REGISTERED NUMBER: 10860988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,184 8,982
Trade creditors 508,430 910,666
Amounts owed to group undertakings 197,178 236,088
Taxation and social security 2,124,882 788,909
Other creditors 534,763 736,592
3,375,437 2,681,237

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,021 25,780
Trade creditors 45,072 45,072
Other creditors 2,075,710 1,729,600
2,133,803 1,800,452

Included in other creditors is a balance of £530,360 for deferred consideration. Interest is charged at 4% per annum on the balance of deferred consideration that remains unpaid.

Also included in other creditors is an amount of £1,200,000 for convertible loan stock. This loan attracts interest at 10% per annum and can be converted into equity in May 2027 at the rate of one A ordinary share for each £21.739 of nominal value of loan notes.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,905 9,207

Deferred
tax
£   
Balance at 1 July 2023 9,207
Capital allowances in advance
of depreciation (2,302 )
Balance at 30 June 2024 6,905

FIMATIX UK LTD (REGISTERED NUMBER: 10860988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

10. RELATED PARTY DISCLOSURES

At the beginning of the year, there was an amount of £83,549 due to the company from Kalyxa Holdings Limited, a company that has a controlling interest in Fimatix UK Ltd and P James and S O'Sullivan are also directors of, and as at the end of the year there was an amount of £85,079 due to the company from Kalyxa Holdings Limited.

At the beginning of the year, there was an amount of £1,354 due to the company from Roobi Limited, a company that S O'Sullivan is also a director of. At the end of the year there was an amount of £1,354 due to the company from Roobi Limited.

At the beginning of the year, there was an amount of £2,424 due to the company from Agilesphere Consulting UK Limited, a company that J Renwick is also a director of. At the end of the year there was an amount of £1,388 due to the company from Agilesphere Consulting UK Limited.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Kalyxa Holdings Limited.

The ultimate controlling party is Mr P J D M James.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FIMATIX UK LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fimatix UK Ltd for the year ended 30 June 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the 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/rulebook.

This report is made solely to the Board of Directors of Fimatix UK Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fimatix UK Ltd and state those matters that we have agreed to state to the Board of Directors of Fimatix UK Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fimatix UK Ltd 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 Fimatix UK Ltd. You consider that Fimatix UK Ltd 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 Fimatix UK Ltd. 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.






Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ


27 March 2025