FCS (UK) Limited

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 5940018

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		61,598		29,590

			61,598		29,590
CURRENT ASSETS
Debtors	4	1,227,705		1,472,142
Cash at bank and in hand		893,039		655,625

		2,120,744		2,127,767
Creditors: Amounts Falling Due Within One Year	5	(1,946,765 )		(1,322,318 )

NET CURRENT ASSETS (LIABILITIES)			173,979		805,449

TOTAL ASSETS LESS CURRENT LIABILITIES			235,577		835,039

Creditors: Amounts Falling Due After More Than One Year	6		(128,300 )		(125,300 )

NET ASSETS			107,277		709,739

CAPITAL AND RESERVES
Called up share capital	7		50,000		50,000
Profit and Loss Account			57,277		659,739

SHAREHOLDERS' FUNDS			107,277		709,739

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FCS (UK) Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Jeff Davies

Director

12/09/2025

The notes on pages 4 to 6 form part of these financial statements.

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 April 2023	50,000	589,421	639,421
Profit for the year and total comprehensive income	-	70,318	70,318

As at 31 March 2024 and 1 April 2024	50,000	659,739	709,739


Loss for the year and total comprehensive income	-	(602,462 )	(602,462)

As at 31 March 2025	50,000	57,277	107,277

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover represents amounts invoiced during the year, exclusive of Value Added Tax. Revenue is recognised only of sales of products that has been installed on the client’s premises and been accepted by the client. Where the invoice relates to services to be provided in future periods, revenue is deferred and only recognised on the provision of the service. Amounts invoiced to clients in advance of delivery of service are included in accruals and deferred income.

All revenue is derived from sales within the United Kingdom.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation and provisions for impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	3-5 years, straight line
Computer Equipment	2-3 years, straight line

1.4. Foreign Currencies

Revenues and costs incurred in currencies other than Sterling are translated into Sterling at the exchange rate prevailing on the date of the transaction. Monetary assets and liabilities are translated at the rate ruling on the balance sheet date. Gains and losses arising on the settlement or re-translation of foreign currency assets and liabilities are included within the profit and loss account for the year.

1.5. Taxation

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences. Deferred taxation assets are recognised to the extent that they are regarded as recoverable.

1.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	2	2
Sales, marketing and distribution	4	4
Development and Support	3	3

	9	9

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FCS (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	163,407
Additions	50,731

As at 31 March 2025	214,138

Depreciation
As at 1 April 2024	133,817
Provided during the period	18,723

As at 31 March 2025	152,540

Net Book Value
As at 31 March 2025	61,598

As at 1 April 2024	29,590

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	317,696	297,149
Prepayments and accrued income	6,053	32,917
Amounts owed by related parties	407,000	1,066,003
Amounts owed by group undertakings	496,956	76,073

	1,227,705	1,472,142

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	60,891	24,303
Bank loans and overdrafts	4,548	111,000
Corporation tax	13,631	21,169
Other taxes and social security	63,431	17,882
VAT	31,626	75,886
Accruals and deferred income	1,692,360	972,618
Amounts owed to group undertakings	-	12,258
Amounts owed to related parties	80,278	87,202

	1,946,765	1,322,318

Accruals and deferred income includes £1,154,800 (2024-£854,900) in respect of revenue invoiced before the balance sheet date which will be recognised in the year to 31 March 2025.

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FCS (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Accruals and deferred income	128,300	125,300

Accruals and deferred income represents revenue invoiced before the balance sheet date which will be recognised in the period commencing on 1 April 2026 .

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	50,000	50,000

	2025	2024
Allotted, called up and fully paid	£	£
5,000,000 Ordinary Shares of £ 0.01 each	50,000	50,000

8. Related Party Transactions

Forensic and Compliance Systems Limited (group company)

Product development

The company has agreed to share development and related costs in respect of the Cryoserver product with Forensic and Compliance Systems Limited. During the year, the company invoiced £212,000 (2023-£54,000) in respect of this agreement. The company also provides first-line support for FCS customers and invoiced £38,547 (2024-£17,541) under this agreement. In addition, the company earns commission on business which it identifies but is unable to fulfil and passes on to FCS. The company invoiced £50,720 (2024-£nil) for this service.

Solar Archive Limited

The company's parent FCS Technologies Limited owns 4% of Solar Archive Limited. Both companies have the same ultimate beneficial owners.

Solar Archive provides high-capacity, highly resilient cloud-based archiving to the company to enhance the company's solutions offering to end customers. Under the terms of this agreement, the company paid £336,000 (2024-£240,000) to Solar Archive for this service.

9. Ultimate Controlling Party

The company's ultimate controlling party is Ziff Davis, Inc. by virtue of its beneficial ownership of 100% of the issued share capital in the company.

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