ACCOUNTS - Final Accounts preparation

An analysis of turnover by class of business is as follows:

Registered number: NI659107

ESO Solutions UK Ltd

Annual Report and Financial Statements

For the Year Ended 31 December 2024

ESO Solutions UK Ltd

Company Information

Directors	Robert Linton Reeves Munden
	Allen Johnson
	Dr Eric Beck
	Russell James Beggs (appointed 1 January 2024)
	Coralie Cecile Tournier Witter (appointed 1 January 2024)


Registered number	NI659107


Registered office	42-46 Fountain Street
	Belfast
	United Kingdom
	BT1 5EF


Independent auditors	Sumer AuditCo NI Limited
	Glendinning House
	6 Murray Street
	Belfast
	BT1 6DN


Bankers	Danske Bank
	Belfast Business Centre
	P.O. Box 183
	Donegall Square West
	Belfast
	BT1 6JS


Solicitors	Cleaver Fulton Rankin
	50 Bedford Street
	Belfast
	BT2 7FW

ESO Solutions UK Ltd

Contents

	Page
Strategic Report	1
Directors' Report	2 - 3
Independent Auditors' Report	4 - 6
Profit and Loss Account	7
Balance Sheet	8
Statement of Changes in Equity	9
Statement of Cash Flows	10
Analysis of Net Debt	11
Notes to the Financial Statements	12 - 22

ESO Solutions UK Ltd

Strategic Report

For the Year Ended 31 December 2024

Introduction

The directors present their report and the financial statements for the year ended 31 December 2024.

Business review

The principal activity of the company continued to be that of providing IT support to it's parent company, ESO Solutions Inc. The company performance was satisfactory in current market conditions.
Revenue from transfer pricing for the twelve months ended Decmber 31, 2024 increased by £1.76M or 15.4% compared to the twelve months ended December 31, 2024. The increase was primarily attributed to the increase of the expenses that have been recharged to the different entities of the ESO Solutions Inc group through transfer pricing.
The administrative expenses for the twelve months ended March 31, 2024 increased by £1.6M or 15.1% compared to the twelve months ended December 31, 2024. Please refer to the Schedule to the Detailed Accounts For the Period Ended 31 December 2024 for more details on the major expense categories that have contributed to the Company’s financial performance.

Principal risks and uncertainties

The principal risks facing the company is margin. The company has appropriate controls in place to manage these risks.

Financial key performance indicators

The directors consider turnover and profit before tax to be the main measures of financial performance. There has been an increase in turnover in the year to £13,201,901 from £11,442,938 in 2023. Operating profit decreased to £795,952 from £1,261,687.

This report was approved by the board on 7 July 2025 and signed on its behalf.

Robert Linton Reeves Munden

Director

Page 1

ESO Solutions UK Ltd

Directors' Report

For the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £635,963 (2023 - £972,627).

No dividends were declared or paid during the year (2023: £nil)

Directors

The directors who served during the year were:

Robert Linton Reeves Munden

Allen Johnson

Dr Eric Beck

Russell James Beggs (appointed 1 January 2024)

Coralie Cecile Tournier Witter (appointed 1 January 2024)

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Page 2

ESO Solutions UK Ltd

Directors' Report (continued)

For the Year Ended 31 December 2024

Post balance sheet events

There have been no significant events affecting the Company since the year end.

Auditors

The auditors, Sumer AuditCo NI Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 7 July 2025 and signed on its behalf.

Robert Linton Reeves Munden

Director

Page 3

ESO Solutions UK Ltd

Independent Auditors' Report to the Members of ESO Solutions UK Ltd

Opinion

We have audited the financial statements of ESO Solutions UK Ltd (the 'Company') for the year ended 31 December 2024, which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Page 4

ESO Solutions UK Ltd

Independent Auditors' Report to the Members of ESO Solutions UK Ltd (continued)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Page 5

ESO Solutions UK Ltd

Independent Auditors' Report to the Members of ESO Solutions UK Ltd (continued)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: timing of recognition of income and posting of unusual journals including complex transactions. We discussed these risks with client management, designed audit procedures to test completeness and timing of revenue and tested a sample of journals to confirm they were appropriate and reviewed areas of judgment for indicators of management bias to address these risks.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Adrian Patton (Senior Statutory Auditor)

for and on behalf of

Sumer AuditCo NI Limited

Glendinning House

6 Murray Street

Belfast

BT1 6DN

7 July 2025

Page 6

ESO Solutions UK Ltd

Profit and Loss Account

For the Year Ended 31 December 2024

	2024	2023
Note	£	£


Turnover		13,201,901	11,442,938
Cost of sales		(198,167)	(17,289)
Gross profit		13,003,734	11,425,649
Administrative expenses		(12,498,408)	(10,854,500)
Other operating income		290,626	690,538
Operating profit		795,952	1,261,687
Tax on profit	9	(159,989)	(289,060)
Profit for the financial year		635,963	972,627

The notes on pages 12 to 22 form part of these financial statements.

Page 7

ESO Solutions UK Ltd

Registered number: NI659107

Balance Sheet

As at 31 December 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	10		792,600		918,533
			792,600		918,533
Current assets
Debtors: amounts falling due within one year	11	4,302,020		3,382,837
Cash at bank and in hand	12	233,711		218,785
		4,535,731		3,601,622
Creditors: amounts falling due within one year	13	(1,639,640)		(1,437,975)
Net current assets			2,896,091		2,163,647
Total assets less current liabilities			3,688,691		3,082,180
Provisions for liabilities
Deferred tax	14	(158,688)		(188,140)
			(158,688)		(188,140)
Net assets			3,530,003		2,894,040

Capital and reserves
Called up share capital	15	100	100
Profit and loss account	16	3,529,903	2,893,940
		3,530,003	2,894,040

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 July 2025.

Robert Linton Reeves Munden

Director

The notes on pages 12 to 22 form part of these financial statements.

Page 8

ESO Solutions UK Ltd

Statement of Changes in Equity

For the Year Ended 31 December 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2023	100	1,921,313	1,921,413
Comprehensive income for the year
Profit for the year	-	972,627	972,627

At 1 January 2024	100	2,893,940	2,894,040
Comprehensive income for the year
Profit for the year	-	635,963	635,963
At 31 December 2024	100	3,529,903	3,530,003

The notes on pages 12 to 22 form part of these financial statements.

Page 9

ESO Solutions UK Ltd

Statement of Cash Flows

For the Year Ended 31 December 2024

			2024	2023
			£	£

Cash flows from operating activities
Profit for the financial year	635,963	972,627
Adjustments for:
Depreciation of tangible assets	226,111	225,885
Taxation charge	189,441	325,236
Decrease/(increase) in debtors	314,202	(711,103)
(Increase) in amounts owed by groups	(1,272,623)	(941,381)
(Decrease) in creditors	(713,254)	(471,559)
Increase in amounts owed to groups	547,674	448,793
(Decrease) in provisions	(29,452)	(36,176)
Corporation tax received	217,042	114,279
Net cash generated from operating activities	115,104	(73,399)

Cash flows from investing activities
Purchase of tangible fixed assets	(100,178)	(76,029)
Net cash from investing activities	(100,178)	(76,029)

Net increase/(decrease) in cash and cash equivalents	14,926	(149,428)
Cash and cash equivalents at beginning of year	218,785	368,213
Cash and cash equivalents at the end of year	233,711	218,785

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	233,711	218,785
	233,711	218,785

The notes on pages 12 to 22 form part of these financial statements.

Page 10

ESO Solutions UK Ltd

Analysis of Net Debt

For the Year Ended 31 December 2024


At 1 January 2024	Cash flows	At 31 December 2024
£	£	£

Cash at bank and in hand	218,785	14,926	233,711
	218,785	14,926	233,711

The notes on pages 12 to 22 form part of these financial statements.

Page 11

ESO Solutions UK Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2024

1.	General information

ESO Solutions UK Limited is a private company limited by shares incorporated in Northern Ireland. The registration number and address of the registered office are given in the company section of these financial statements.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Going concern

The company is dependent upon continued support from the parent company, ESO Solutions Inc. who have provided written confirmation of their willingness to provide continued financial support to the company for the foreseeable future, defined as at least 12 months from the date of signing the ESO Solutions UK Limited statements for the year ended 31 December 2024. The directors of ESO Solutions UK Limited have reviewed the resources available and believe that the company has adequate resources to continue in operational existence for the foreseeable future.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 12

ESO Solutions UK Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2024

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 13

ESO Solutions UK Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2024

2.Accounting policies (continued)

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Long-term leasehold property	-	10%	Straight line
				Office equipment	-	33%	Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 14

ESO Solutions UK Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2024

2.Accounting policies (continued)

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances:
(a) Critical judgements in applying the entity's accounting policies
There are no critical judgements in applying the company's accounting policies.
(b) Critical accounting estimates and assumptions
There are no critical accounting estimates and assumptions.

Page 15

ESO Solutions UK Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2024

Revenue	13,201,901	11,442,938
	13,201,901	11,442,938

					2024	2023
					£	£

United Kingdom	13,201,901	11,442,938
	13,201,901	11,442,938

5.	Other operating income
		2024	2023
		£	£

Other operating income	97,500	143,000
RDEC	193,126	547,538
	290,626	690,538

	Exchange differences	403	730
	Other operating lease rentals	248,839	264,081

Page 16

ESO Solutions UK Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2024

Fees payable to the Company's auditors for the audit of the Company's financial statements

12,900

12,000

Wages and salaries	8,023,029	6,329,449
Social security costs	886,920	708,804
Cost of defined contribution scheme	539,836	451,300
	9,449,785	7,489,553

The average monthly number of employees, including the directors, during the year was as follows:

	2024	2023
	No.	No.

Employees	137	113

Page 17

ESO Solutions UK Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2024

Corporation tax
Current tax on profits for the year	189,441	325,236
	189,441	325,236

Total current tax	189,441	325,236

Deferred tax
Origination and reversal of timing differences	(29,452)	(36,176)
Total deferred tax	(29,452)	(36,176)


	Tax on profit	159,989	289,060

Profit on ordinary activities before tax

795,952

1,261,687

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 23.52%)	198,988	296,756
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	(9,489)	47,632
Capital allowances for year in excess of depreciation	30,364	(19,152)
Utilisation of tax losses	(30,422)	-
Short-term timing difference leading to an increase (decrease) in taxation	(29,452)	(36,176)
Total tax charge for the year	159,989	289,060

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 18

ESO Solutions UK Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2024

10.	Tangible fixed assets

	Long-term leasehold property	Office equipment	Total
	£	£	£
Cost or valuation
At 1 January 2024	912,624	532,065	1,444,689
Additions	-	100,178	100,178
At 31 December 2024	912,624	632,243	1,544,867
Depreciation
At 1 January 2024	244,073	282,083	526,156
Charge for the year on owned assets	94,384	131,727	226,111
At 31 December 2024	338,457	413,810	752,267
Net book value
At 31 December 2024	574,167	218,433	792,600
At 31 December 2023	668,551	249,982	918,533

The net book value of land and buildings may be further analysed as follows:
	2024	2023
	£	£

Long leasehold	574,167	668,551
	574,167	668,551

Page 19

ESO Solutions UK Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2024

11.

Debtors

					2024	2023
					£	£


Trade debtors	168,660	168,660
Amounts owed by group undertakings	3,742,440	2,469,817
Other debtors	259,884	674,117
Prepayments and accrued income	131,036	70,243
	4,302,020	3,382,837

12.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	233,711	218,785
	233,711	218,785

13.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	17,592	3,859
Amounts owed to group undertakings	996,466	448,793
Corporation tax	189,441	325,236
Other taxation and social security	2,870	572
Other creditors	105,343	330,122
Accruals and deferred income	327,928	329,393
	1,639,640	1,437,975

Page 20

ESO Solutions UK Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2024

14.	Deferred taxation

		2024
		£

	At beginning of year	(188,140)
	Charged to profit or loss	29,452
	At end of year	(158,688)

The provision for deferred taxation is made up as follows:
	2024	2023
	£	£

	Accelerated capital allowances	(158,688)	(188,140)
		(158,688)	(188,140)

15.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

1,000 (2023 - 1,000) Ordinary shares of £0.10 each	100	100

16.

Reserves

Profit and loss account

The balance includes all prior and current periods retained profits and losses.

17.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £539,836 (2023 -£451,300). Contributions totalling £nil (2023: £76,666) were payable to the fund at the balance sheet date and are included in creditors.

Page 21

ESO Solutions UK Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2024

Not later than 1 year	248,234	248,234
Later than 1 year and not later than 5 years	992,936	992,936
Later than 5 years	310,292	558,526
	1,551,462	1,799,696

19.	Controlling party

ESO Solutions, Inc., a company established in the USA controls 100% of the Company's equity share capital and is the ultimate parent company.

Page 22