Agility PR Solutions Limited

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

1. General Information

Agility PR Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10168619 . The registered office is 1a Kingsbury's Lane, Ringwood, Hampshire, BH24 1EL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position, and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

- Section 4 'Statement of Financial Position' - Reconciliation of the opening and closing number of shares;

- Section 7 'Statement of Cash Flows' - Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 'Basic Financial Instruments' and Section 12 ' Other Financial Instrument Issues' - Carrying amounts, interest income/expenses and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in comprehensive income;

- Section 26 'Share based Payment' - Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 'Related Party Disclosures' - Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Innodata Inc. These consolidated financial statements are available from its registered office, Innodata Inc, Principal executive offices, 55 Challenger Road, Ridgefield Park, New Jersey, USA 07660.

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.

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. The majority of turnover is derived from subscriptions, and is recognised on a monthly basis as and when access to the service is provided to the user.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is amortised on straight line basis over 10 years

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are Amortised over their useful lives on the following basis:

Trade Name 10% straight line

Purchased technology 10% straight line

Media contact database 10% straight line

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Agility PR Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

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:

Computer Equipment

33 1/3% Straight line

2.6. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and 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 profit and loss account as incurred.

The Company is commited to making payments under an agreement with Wework.A new short-term agreement was signed in September 2023, and after the accounting date the Company was committed to making payments in the following year totalling £2,990 plus VAT. A new agreement commenced at 1 March 2024.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. 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 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.

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Agility PR Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.9. Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Share based payments

Equity-settled share-based payments are measured at fiar value at the date of grant by reference to the fair value of the equity instruments granted using the Black-Scholes option-pricing model. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based paymentunder the original terms and conditions and under the modified terms and conditionsare both determined at the date of the modification.Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share-based payment. The share-based payment expense is not adjusted if the modified fair valueis less than the original fair value.

Cancellations or settlements (including those from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 28 (2023: 28)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 January 2024	403,030	1,599,243	2,002,273

As at 31 December 2024	403,030	1,599,243	2,002,273

Amortisation
As at 1 January 2024	322,424	1,199,433	1,521,857
Provided during the period	40,303	159,924	200,227

As at 31 December 2024	362,727	1,359,357	1,722,084

Net Book Value
As at 31 December 2024	40,303	239,886	280,189

As at 1 January 2024	80,606	399,810	480,416

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	34,915

As at 31 December 2024	34,915

Depreciation
As at 1 January 2024	25,444
Provided during the period	7,449

As at 31 December 2024	32,893

...CONTINUED

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Agility PR Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	2,022

As at 1 January 2024	9,471

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	727,399	582,673
Prepayments and accrued income	1,690,702	1,499,256
Security Deposits	-	349
Deferred tax current asset	62,847	102,320
Amounts owed by group undertakings	3,813,000	2,840,545

	6,293,948	5,025,143

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	99,476	43,936
Other taxes and social security	784,344	225,483
VAT	207,995	-
Other creditors	-	280
Accruals and deferred income	2,959,145	2,379,966
Amounts owed to group undertakings	5,017,026	4,821,331

	9,067,986	7,470,996

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

9. Ultimate Parent Undertaking and Controlling Party

The company's ultimate parent undertaking is Innodata Inc . Innodata Inc was incorporated in the United States of America and is listed on the NADSAQ Stock Exchange. Copies of the group accounts may be obtained from the secretary, 55 Challenger Road, Ridgefield Park, New Jersey, USA 07660 . The Immediate controlling party is Innodata Book Distribution Services Limited who controls 100% of the shares of Agility PR Solutions Limited .

10. Audit Information

The auditor's report on the accounts of Agility PR Solutions Limited for the year ended 31 December 2024 was unqualified.

The auditor's report was signed by Lee Gardner FCA (Senior Statutory Auditor) for and on behalf of Vale and West Accountancy Services Limited , Statutory Auditor.

Vale and West Accountancy Services Limited

Victoria House

26 Queen Victoria Street

Reading

Berkshire

RG1 1TG

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		280,189		480,416
Tangible Assets	5		2,022		9,471

			282,211		489,887
CURRENT ASSETS
Debtors	6	6,293,948		5,025,143
Cash at bank and in hand		1,738,162		1,164,581

		8,032,110		6,189,724
Creditors: Amounts Falling Due Within One Year	7	(9,067,986 )		(7,470,996 )

NET CURRENT ASSETS (LIABILITIES)			(1,035,876 )		(1,281,272 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(753,665 )		(791,385 )

NET LIABILITIES			(753,665 )		(791,385 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Other reserves			125,917		101,311
Profit and Loss Account			(879,583 )		(892,697 )

SHAREHOLDERS' FUNDS			(753,665)		(791,385)