Plexsis Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10548827

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		33,565		1,346
Investments	5		2,155,910		-

			2,189,475		1,346
CURRENT ASSETS
Debtors	6	8,006		28,257
Cash at bank and in hand		395		60,052

		8,401		88,309
Creditors: Amounts Falling Due Within One Year	7	(301,222 )		(37,443 )

NET CURRENT ASSETS (LIABILITIES)			(292,821 )		50,866

TOTAL ASSETS LESS CURRENT LIABILITIES			1,896,654		52,212

Creditors: Amounts Falling Due After More Than One Year	8		(1,843,054 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(6,216 )		-

NET ASSETS			47,384		52,212

CAPITAL AND RESERVES
Called up share capital	10		50		50
Profit and Loss Account			47,334		52,162

SHAREHOLDERS' FUNDS			47,384		52,212

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Plexsis Limited

Balance Sheet (continued)

As At 31 January 2025

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

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

The director acknowledges his 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 Shaktisinh Gohil

Director

11th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Plexsis Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10548827 . The registered office is 30 Glenmore Place, Reading, Berkshire, RG30 4EP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated 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:

Motor Vehicles	20% Straight Line
Computer Equipment	33.33% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Plexsis Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 February 2024	-	1,468	1,468
Additions	39,251	-	39,251

As at 31 January 2025	39,251	1,468	40,719

Depreciation
As at 1 February 2024	-	122	122
Provided during the period	6,542	490	7,032

As at 31 January 2025	6,542	612	7,154

Net Book Value
As at 31 January 2025	32,709	856	33,565

As at 1 February 2024	-	1,346	1,346

5. Investments

	Subsidiaries	Other	Total
	£	£	£
Cost
As at 1 February 2024	-	-	-
Additions	2,155,910	22,167	2,178,077
Revaluations	-	(22,167 )	(22,167 )

As at 31 January 2025	2,155,910	-	2,155,910

Provision
As at 1 February 2024	-	-	-

As at 31 January 2025	-	-	-

Net Book Value
As at 31 January 2025	2,155,910	-	2,155,910

As at 1 February 2024	-	-	-

Investment in emdash Software Ltd – a software development, licensing and IT consultancy business on 29 September 2024. The revaluation reflects the impairment of a property related investment during the year. The full value of this investment has been impaired, in line with provisions in IAS 40.

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Plexsis Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	8,006	28,257

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	8,930	-
Trade creditors	(1 )	-
Bank loans and overdrafts	66,855	-
Amounts owed to group undertakings	129,550	-
Other creditors	95,394	8,317
Taxation and social security	494	29,126

	301,222	37,443

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	29,768	-
Bank loans	409,843	-
Amounts owed to group undertakings	1,220,943	-
Other creditors	182,500	-

	1,843,054	-

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	8,930	-
Later than one year and not later than five years	29,768	-

	38,698	-

	38,698	-

10. Share Capital

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

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