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REGISTERED NUMBER: 07754903 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DRISQ LTD

DRISQ LTD (REGISTERED NUMBER: 07754903)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRISQ LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Prof C M O'halloran
D Sheppard
N J Tudor





REGISTERED OFFICE: Malvern Hills Science Park
Geraldine Road
Malvern
Worcestershire
WR14 3SZ





REGISTERED NUMBER: 07754903 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

DRISQ LTD (REGISTERED NUMBER: 07754903)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,934,079 1,515,442
Property, plant and equipment 5 3,244 5,884
1,937,323 1,521,326

CURRENT ASSETS
Debtors 6 280,951 265,299
Cash at bank 177,000 -
457,951 265,299
CREDITORS
Amounts falling due within one year 7 302,900 172,510
NET CURRENT ASSETS 155,051 92,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,092,374

1,614,115

CREDITORS
Amounts falling due after more than one
year

8

(226,327

)

(32,123

)

PROVISIONS FOR LIABILITIES (811 ) (1,471 )
NET ASSETS 1,865,236 1,580,521

CAPITAL AND RESERVES
Called up share capital 131,402 131,402
Share premium 519,205 519,205
Retained earnings 1,214,629 929,914
SHAREHOLDERS' FUNDS 1,865,236 1,580,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

DRISQ LTD (REGISTERED NUMBER: 07754903)

BALANCE SHEET - continued
31 MARCH 2025


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2025 and were signed on its behalf by:




N J Tudor - Director Prof C M O'halloran - Director




D Sheppard - Director


DRISQ LTD (REGISTERED NUMBER: 07754903)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Drisq 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Revenue is recognised on supply of the tools or consultancy to the end user.

The revenue included in the financial statements for the year is from consultancy services.

Intangible fixed asset
Intangible assets are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not exceeding 20 years. Impairment reviews are carried out when circumstances indicate that the carrying value may not be fully recoverable.

Patents - 10% straight line

Research and development costs
Research and Development costs are capitalised and held at cost. Once the project to which they relate has been completed they will either be written off over the useful life of that project or they will be immediately written off should the project not be considered viable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - over the remaining life of the lease
Computer equipment - 33% on cost

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


DRISQ LTD (REGISTERED NUMBER: 07754903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
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.

Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the profit and loss over the expected useful lives of the assets to which it relates. Other grants are written off to the profit and loss as the related expenditure is incurred.

Going concern
The Directors consider that it is appropriate to prepare the financial statements on a going concern basis.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Patents Research
and & Development
licences Costs Totals
£    £    £   
COST
At 1 April 2024 660 1,581,006 1,581,666
Additions - 471,347 471,347
Disposals - (16,436 ) (16,436 )
At 31 March 2025 660 2,035,917 2,036,577
AMORTISATION
At 1 April 2024 660 65,564 66,224
Amortisation for year - 36,274 36,274
At 31 March 2025 660 101,838 102,498
NET BOOK VALUE
At 31 March 2025 - 1,934,079 1,934,079
At 31 March 2024 - 1,515,442 1,515,442

DRISQ LTD (REGISTERED NUMBER: 07754903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2024 40,714 21,568 62,282
Additions - 1,827 1,827
At 31 March 2025 40,714 23,395 64,109
DEPRECIATION
At 1 April 2024 40,464 15,934 56,398
Charge for year 23 4,444 4,467
At 31 March 2025 40,487 20,378 60,865
NET BOOK VALUE
At 31 March 2025 227 3,017 3,244
At 31 March 2024 250 5,634 5,884

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 111,055 102,684
Other debtors 158,595 146,716
Prepayments and accrued income 11,301 15,899
280,951 265,299

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 105,799 34,111
Trade creditors 12,931 8,037
Social security and other taxes 14,113 14,166
Pension 2,645 2,604
VAT 54,382 1,492
Directors' current accounts 110,763 110,451
Accrued expenses 2,267 1,649
302,900 172,510

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1-2 years 112,042 5,799
Bank loans - 2-5 years 114,285 18,292
Bank loans - over 5 years - 8,032
226,327 32,123

DRISQ LTD (REGISTERED NUMBER: 07754903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2025 2024
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years - 8,032

9. TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
Prof C M O'halloran
Balance outstanding at start of year (27,500 ) (27,188 )
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (27,812 ) (27,500 )

D Sheppard
Balance outstanding at start of year (50,000 ) (50,000 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (50,000 ) (50,000 )

N J Tudor
Balance outstanding at start of year (32,951 ) (32,951 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (32,951 ) (32,951 )

There is no interest being charged on the balances owing to the directors and there are no set repayment terms.

10. RELATED PARTY DISCLOSURES

Tudor Associates Ltd
A company in which Mr N J Tudor is a shareholder and director.
Tudor Associates Ltd charged the company a consultancy fee of £nil (2024: £nil ) during the year.

DASIM Ltd
A company in which Mr D Sheppard is a shareholder and director.
DASIM Ltd charged the company a consultancy fee of £nil (2024: £21,000) during the year.