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REGISTERED NUMBER: SC501215 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

PHOTON FORCE LTD

PHOTON FORCE LTD (REGISTERED NUMBER: SC501215)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHOTON FORCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTOR: Dr R J Walker





REGISTERED OFFICE: Murchison House
10 Max Born Crescent
Edinburgh
EH9 3BF





REGISTERED NUMBER: SC501215 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

PHOTON FORCE LTD (REGISTERED NUMBER: SC501215)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 28,809 112,297
Tangible assets 5 5,166 7,554
33,975 119,851

CURRENT ASSETS
Stocks 84,177 146,311
Debtors 6 540,064 374,335
Cash at bank 522,469 100,214
1,146,710 620,860
CREDITORS
Amounts falling due within one year 7 775,905 95,700
NET CURRENT ASSETS 370,805 525,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,780

645,011

CREDITORS
Amounts falling due after more than one
year

8

(28,148

)

(50,989

)

PROVISIONS FOR LIABILITIES (982 ) (1,435 )
NET ASSETS 375,650 592,587

PHOTON FORCE LTD (REGISTERED NUMBER: SC501215)

BALANCE SHEET - continued
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 375,550 592,487
SHAREHOLDERS' FUNDS 375,650 592,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2025 and were signed by:





Dr R J Walker - Director


PHOTON FORCE LTD (REGISTERED NUMBER: SC501215)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Photon Force Ltd is a private company, limited by shares , registered in Scotland. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of two years.

Development costs are being amortised evenly over their estimated useful life of five years.

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 - 33% on a straight line basis and 25% on a straight line basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


PHOTON FORCE LTD (REGISTERED NUMBER: SC501215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 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.

Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is capitalised and amortised over the period from which the company is expected to benefit.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2024 612,974
Additions 47,450
At 28 February 2025 660,424
AMORTISATION
At 1 March 2024 500,677
Charge for year 130,938
At 28 February 2025 631,615
NET BOOK VALUE
At 28 February 2025 28,809
At 29 February 2024 112,297

PHOTON FORCE LTD (REGISTERED NUMBER: SC501215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024 35,555
Additions 1,687
At 28 February 2025 37,242
DEPRECIATION
At 1 March 2024 28,001
Charge for year 4,075
At 28 February 2025 32,076
NET BOOK VALUE
At 28 February 2025 5,166
At 29 February 2024 7,554

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 2,500 -
Other debtors 537,564 374,335
540,064 374,335

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 22,841 43,011
Trade creditors 116,514 18,321
Taxation and social security 21,754 19,130
Other creditors 614,796 15,238
775,905 95,700

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans 28,148 50,989

PHOTON FORCE LTD (REGISTERED NUMBER: SC501215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Other loans 456,707 -

The other loans are secured by means of a floating charge over the assets of the company.