| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 20 DECEMBER 2023 TO 31 JULY 2024 |
| FOR |
| EXA ROBOTIC SYSTEMS LTD |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 20 DECEMBER 2023 TO 31 JULY 2024 |
| FOR |
| EXA ROBOTIC SYSTEMS LTD |
| EXA ROBOTIC SYSTEMS LTD (REGISTERED NUMBER: 15363603) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 20 DECEMBER 2023 TO 31 JULY 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| EXA ROBOTIC SYSTEMS LTD |
| COMPANY INFORMATION |
| FOR THE PERIOD 20 DECEMBER 2023 TO 31 JULY 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 3rd Floor |
| St Georges House |
| 56 Peter Street |
| Manchester |
| M2 3NQ |
| EXA ROBOTIC SYSTEMS LTD (REGISTERED NUMBER: 15363603) |
| BALANCE SHEET |
| 31 JULY 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET LIABILITIES | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| 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. |
| EXA ROBOTIC SYSTEMS LTD (REGISTERED NUMBER: 15363603) |
| BALANCE SHEET - continued |
| 31 JULY 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| EXA ROBOTIC SYSTEMS LTD (REGISTERED NUMBER: 15363603) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 20 DECEMBER 2023 TO 31 JULY 2024 |
| 1. | STATUTORY INFORMATION |
| Exa Robotic Systems Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Comparative periods |
| The financial statements are prepared from incorporation. This represents a period of 8 months, as such there are no comparatives included. The first full financial year will be the 12 months to 31 July 2025, therefore future comparatives will not be comparable. |
| Preparation of consolidated financial statements |
| The financial statements contain information about Exa Robotic Systems 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. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Taxation |
| Taxation for the period 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 period 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. |
| EXA ROBOTIC SYSTEMS LTD (REGISTERED NUMBER: 15363603) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 20 DECEMBER 2023 TO 31 JULY 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Going concern |
| The directors have considered their expectations and intentions for the next twelve months and the availability of working capital and concluded the company is a going concern. They are unaware of any events, conditions, or risks beyond the period of assessment that may cast significant doubt on the ability to continue as a going concern. |
| Although the company has a net liability position of £6,279, there were no creditors due within 12 months of the reporting date. The company sought further investment throughout 2025 and received a further round of funding in November 2024 to allow the company to continue to develop. With the cash injection and further investment rounds currently active, the directors consider the company a going concern. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INTANGIBLE FIXED ASSETS |
| Patents |
| and |
| licences |
| £ |
| COST |
| Additions |
| At 31 July 2024 |
| AMORTISATION |
| Amortisation for period |
| At 31 July 2024 |
| NET BOOK VALUE |
| At 31 July 2024 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| Additions |
| At 31 July 2024 |
| NET BOOK VALUE |
| At 31 July 2024 |
| EXA ROBOTIC SYSTEMS LTD (REGISTERED NUMBER: 15363603) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 20 DECEMBER 2023 TO 31 JULY 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| £ |
| Amounts owed by group undertakings |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| £ |
| Other creditors |
| During the year, a group undertaking completed a restructure which involved Exa Robotic Systems Ltd acquiring the share capital. As part of the restructure, the company novated loan notes totalling £325,000 to Exa Robotic Systems Ltd. A further £225,000 of funding was received in the year in the form of convertible loan notes. The loan notes payable of £550,000 were all repayable after more than 5 years and have been included within creditors due after more than one year. |
| 9. | RELATED PARTY DISCLOSURES |
| The company provided funds to a group undertaking, Robotiz3d Limited of which the company holds a 96% shareholding. During the year, loan notes provided to Robotiz3d Limited were novated to Exa Robotic Systems Ltd totalling £325,000. The company also provided a loan of £225,000 to the company and received repayments of £5,000. Company expenses totalling £5,774 were paid by Robotiz3d Limited. As at 31 July 2024, the company was owed £539,226 by Robotiz3d Limited. This amount is interest free, with no set repayment terms, the directors have confirmed repayment will not be demanded within 12 months and so the balance is included within long-term debtors. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The directors Lisa Layzell, Paolo Paoletti and Sebastiano Fichera are considered the controlling parties due to their combined 84% shareholding. |