Human Computer Interaction (York) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Human Computer Interaction (York) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02372377 . The registered office is 52 Catherine Grove, London, SE10 8FS.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets costs relate to software product development. They are amortised to the profit and loss account over their estimated economic life at 10% per annum.

2.5. 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:

Fixtures & Fittings	20%
Computer Equipment	20%

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments; and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measure at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

...CONTINUED

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Human Computer Interaction (York) Limited

Notes to the Financial Statements (continued)

For the Period 1 January 2024 to 31 March 2025

2.6. Financial Instruments - continued

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividend payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.7. 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.

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 period, 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 period was: 8 (2023: 8)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	9,828

As at 31 March 2025	9,828

Amortisation
As at 1 January 2024	167
Provided during the period	1,228

As at 31 March 2025	1,395

Net Book Value
As at 31 March 2025	8,433

As at 1 January 2024	9,661

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Human Computer Interaction (York) Limited

Notes to the Financial Statements (continued)

For the Period 1 January 2024 to 31 March 2025

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	106,135
Additions	1,518

As at 31 March 2025	107,653

Depreciation
As at 1 January 2024	85,521
Provided during the period	8,783

As at 31 March 2025	94,304

Net Book Value
As at 31 March 2025	13,349

As at 1 January 2024	20,614

6. Investments

	Unlisted
	£
Cost
As at 1 January 2024	50,000
Disposals	(49,999 )

As at 31 March 2025	1

Provision
As at 1 January 2024	49,999
Disposals	(49,999 )

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	1

As at 1 January 2024	1

VITA NUOVA HOLDINGS LTD

In November 2004 the company acquired the following shares in Vita Nuova Holdings Ltd:-

Series A Preferred Shares of $0.01 each 536,000 (78.14% of the total issued)

Series B Preferred Shares of $0.01 each 400,000 (80% of total issued)

The investment in the company has been written down since the market for Inferno and Plan 9 software is considered negligible in the light of availabilty of alternative products.

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Human Computer Interaction (York) Limited

Notes to the Financial Statements (continued)

For the Period 1 January 2024 to 31 March 2025

7. Debtors

	31 March 2025	31 December 2023
	£	£
Due within one year
Trade debtors	104,417	70,452
Prepayments and accrued income	41,188	33,419
Other debtors	2,435	1,042,526

	148,040	1,146,397
Due after more than one year
Intercompany - SBP	1,078,647	-
Intercompany - Calidore	93,001	-

	1,171,648	-

	1,319,688	1,146,397

8. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 December 2023
	£	£
Trade creditors	10,521	40,861
Corporation tax	38,214	16,163
Other taxes and social security	9,653	8,202
VAT	10,329	23,567
Other creditors	12,974	1,983
Accruals and deferred income	121,322	134,645

	203,013	225,421

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

	31 March 2025	31 December 2023
	£	£
Intercompany - INA4	12,000	-

10. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2024	5,398	5,398
Deferred taxation	(1,041 )	(1,041 )

Balance at 31 March 2025	4,357	4,357

11. Share Capital

	31 March 2025	31 December 2023
	£	£
Allotted, Called up and fully paid	15,538	15,538

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Human Computer Interaction (York) Limited

Notes to the Financial Statements (continued)

For the Period 1 January 2024 to 31 March 2025

12. Ultimate Controlling Party

The company's ultimate controlling party is Stronger Business Partners Ltd by virtue of ownership of 100% of the issued share capital in the company.

13. 15 Month Period

The current accounting period is a 15-month period from 1 January 2024 to 31 March 2025, in order to align with the year-ends of other associated group members.

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		31 March 2025		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		8,433		9,661
Tangible Assets	5		13,349		20,614
Investments	6		1		1

			21,783		30,276
CURRENT ASSETS
Debtors	7	1,319,688		1,146,397
Cash at bank and in hand		35,511		104,515

		1,355,199		1,250,912
Creditors: Amounts Falling Due Within One Year	8	(203,013 )		(225,421 )

NET CURRENT ASSETS (LIABILITIES)			1,152,186		1,025,491

TOTAL ASSETS LESS CURRENT LIABILITIES			1,173,969		1,055,767

Creditors: Amounts Falling Due After More Than One Year	9		(12,000 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(4,357 )		(5,398 )

NET ASSETS			1,157,612		1,050,369

CAPITAL AND RESERVES
Called up share capital	11		15,538		15,538
Profit and Loss Account			1,142,074		1,034,831

SHAREHOLDERS' FUNDS			1,157,612		1,050,369