COMPANY REGISTRATION NUMBER: 08594313

31 December 2024

Fixed assets

Current assets

Provisions

31 December 2024

Capital and reserves

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 19 September 2025 , and are signed on behalf of the board by:

MR P LE NOURY Director

Company registration number: 08594313

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tower House, Lucy Tower Street, Lincoln, Lincolnshire, LN1 1XW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern At the year-end, the balance sheet shows an overall deficit because of long term shareholder loans, but demonstrates a Net Current Assets position. The directors have received confirmation of continued financial support based on the contracted repayment terms of shareholders loans. Furthermore, the directors continue to review its business continuity plans and forecasts. Under that basis, the directors remain confident that the company has adequate resources to continue in operational existence for the foreseeable future. The directors consider that it is appropriate to prepare the financial statements on the going concern basis. Consolidation The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The estimates and assumptions that may have an effect on the carrying amounts of assets and liabilities include: Intangible fixed assets are recognised at cost less accumulated amortisation and any impairments. Amortisation takes place over the estimated useful life, down to the assessed residual value. The carrying amount of the company's intangible fixed assets is tested as soon as changed conditions show that a need for impairment has arisen. Tangible fixed assets are recognised at cost less accumulated depreciation and any impairments. Depreciation takes place over the estimated useful life, down to the assessed residual value. The carrying amount of the company's tangible fixed assets is tested as soon as changed conditions show that a need for impairment has arisen. In respect of long-term service agreements, turnover represents the value for the services provided in the year. Turnover and expenditure in respect of long-term service agreements is recognised by reference to the stage of each agreement. The carrying value of stock and associated provisioning is considered on a regular basis. When calculating the stock provision, the directors consider the stock cost, its age and the nature of stock items. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Software licences or software as a service where it includes other elements of the overall service are released over the period of the licence or service. Where licences or services are paid at the start of any period of licence or service a deferred revenue liability is recorded in the statement of financial position to represent the element of revenue deferred to be released over the remaining period of the licence or service. Hardware and services sold separately or as part of a short term initial software licence are recognised on delivery or when the service has been substantially delivered. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account. Intangible assets Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably. Amortisation Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Development costs	-	straight line over 5 years
	Trademarks and copyrights	-	straight line over 5 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	straight line over 3 years
	Equipment	-	straight line over 4 years

Investments Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 39 (2023: 36 ).

5. Intangible assets

6. Tangible assets

7. Investments

During the year, the company's three dormant UK subsidiaries were dissolved. In addition, the company holds 100% of the share capital of EkkoSense LLC, a company incorporated in the United States of America, and EkkoSense Pty Ltd, a company incorporated in Australia.

8. Debtors

Debtors falling due within one year are as follows:

Debtors falling due after one year are as follows:

9. Creditors: amounts falling due within one year

10. Creditors: amounts falling due after more than one year

Loan notes and other loan note balances are held for final redemption on 1 January 2028. Early redemption is permitted under the terms of the agreements. Loan notes carry interest at a rate of 10%.

Of the total value of the loan notes, £1,557,600 is secured by fixed and floating charges over the assets of the company.

11. Share-based payments

The company has issued share options over the share capital of the company for which no material charge exists.

12. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

13. Summary audit opinion

The auditor's report dated 23 September 2025 was unqualified .

The senior statutory auditor was Robert Anderson , for and on behalf of Streets Audit LLP .

14. Directors' advances, credits and guarantees

There were no directors advances or credits during the year.

15. Related party transactions

During the year, the company was under the control of its directors. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.