REGISTERED NUMBER: 07257316 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

DEVICE ACCESS UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B K Haeussler

REGISTERED OFFICE:

University of Southampton Science Park

Enterprise Road

Chilworth

Southampton

SO16 7NS

REGISTERED NUMBER:

07257316 (England and Wales)

AUDITORS:

Shaw Gibbs (Audit) Limited

Chartered Certified Accountants

Statutory Auditor

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Intangible assets

4

1,150

1,150

Tangible assets

5

35,644

43,148

36,794

44,298

CURRENT ASSETS

Debtors

6

282,466

207,744

Cash at bank

18,309

78,776

300,775

286,520

CREDITORS

Amounts falling due within one year

7

389,093

197,487

NET CURRENT (LIABILITIES)/ASSETS

(88,318

)

89,033

TOTAL ASSETS LESS CURRENT LIABILITIES

(51,524

)

133,331

CREDITORS

Amounts falling due after more than one year

8

27,482

32,965

NET (LIABILITIES)/ASSETS

(79,006

)

100,366

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(79,106

)

100,266

SHAREHOLDERS' FUNDS

(79,006

)

100,366

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd September 2025 and were signed on its behalf by:

B K Haeussler - Director

1.	STATUTORY INFORMATION

Device Access Uk Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover is adjusted for amounts invoiced in advance of the work being undertaken.

Intangible assets

Intangible assets relate to trademarks acquired and are accounted for at cost. Amortisation is not charged as any charge will be immaterial. An annual impairment review is undertaken and any impairment losses recognised.

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

-

25% on reducing balance

Financial instruments

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 measured 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.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, and the company will continue to be supported by the parent company. Therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st January 2024

and 31st December 2024

1,150

NET BOOK VALUE

At 31st December 2024

1,150

At 31st December 2023

1,150

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

112,858

Additions

3,755

At 31st December 2024

116,613

DEPRECIATION

At 1st January 2024

69,710

Charge for year

11,259

At 31st December 2024

80,969

NET BOOK VALUE

At 31st December 2024

35,644

At 31st December 2023

43,148

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

213,570

159,038

Other debtors

68,896

48,706

282,466

207,744

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

5,483

5,483

Trade creditors

153,503

71,519

Amounts owed to group undertakings

74,766

74,766

Taxation and social security

9,946

14,164

Other creditors

145,395

31,555

389,093

197,487

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

27,482

32,965

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

20

Ordinary A

£1

20

20

80

Ordinary B

£1

80

80

100

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Barr FCA (Senior Statutory Auditor)

for and on behalf of Shaw Gibbs (Audit) Limited

11.	OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £3,573 (2023 - £13,689).

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

2024

2023

£

£

M J Branagan-Harris

Balance outstanding at start of year

200

-

Amounts advanced

-

200

Amounts repaid

(200

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

200

13.	POST BALANCE SHEET EVENTS

Shortly after the year end, the Ordinary A Shares were purchased by IGES GmbH and re-classified to Ordinary B Shares. Making IGES GmbH the Ultimate controlling party and parent company.

14.	ULTIMATE PARENT ENTITY

The company's ultimate holding company is IGES Insitut GmbH. Registered office: Friedrichstrasse 18010117 Berlin Germany.