REGISTERED NUMBER: 05411969 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

COMMETRIC LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

S Garyfallos

M Minkovski

C U Solheim

A P Belokapov

R Kulasingam

M Mazzaccone

M Salerni

REGISTERED OFFICE:

59-60 Russell Square

London

WC1B 4HP

REGISTERED NUMBER:

05411969 (England and Wales)

AUDITORS:

Lawes & Co UK Limited

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Intangible assets

4

370,124

337,805

Investments

5

120,832

105,965

490,956

443,770

CURRENT ASSETS

Debtors

6

753,480

1,192,642

Cash at bank

302,046

252,099

1,055,526

1,444,741

CREDITORS

Amounts falling due within one year

7

490,890

698,475

NET CURRENT ASSETS

564,636

746,266

TOTAL ASSETS LESS CURRENT LIABILITIES

1,055,592

1,190,036

CAPITAL AND RESERVES

Called up share capital

23,494

18,940

Share premium

8

1,011,110

1,060,798

Capital redemption reserve

8

407

94

Retained earnings

8

20,581

110,204

SHAREHOLDERS' FUNDS

1,055,592

1,190,036

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

M Minkovski - Director

1.	STATUTORY INFORMATION

Commetric Limited 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

1,694,224

Additions

245,353

At 31 December 2024

1,939,577

AMORTISATION

At 1 January 2024

1,356,419

Charge for year

213,034

At 31 December 2024

1,569,453

NET BOOK VALUE

At 31 December 2024

370,124

At 31 December 2023

337,805

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

1,801

104,164

105,965

Additions

10,000

4,867

14,867

At 31 December 2024

11,801

109,031

120,832

NET BOOK VALUE

At 31 December 2024

11,801

109,031

120,832

At 31 December 2023

1,801

104,164

105,965

Cost or valuation at 31 December 2024 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2019

-

(129,591

)

(129,591

)

Cost

11,801

1,220,467

1,232,268

11,801

1,090,876

1,102,677

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

UNLISTED INVESTMENTS

'COST' ACCOUNT TOTAL

Cost/valuation b/f

104,164

Additions

4,867

109,031

CLIENT SCREEN TOTAL

=

1,090,876

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

706,476

1,063,978

Amounts owed by group undertakings

6,806

52,806

Other debtors

40,198

75,858

753,480

1,192,642

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

226,601

359,092

Taxation and social security

92,233

148,583

Other creditors

172,056

190,800

490,890

698,475

8.

RESERVES

Capital

Retained

Share

redemption

earnings

premium

reserve

Totals

£

£

£

£

At 1 January 2024

110,204

1,060,798

94

1,171,096

Deficit for the year

(89,310

)

(89,310

)

Purchase of own shares

(313

)

(49,688

)

313

(49,688

)

At 31 December 2024

20,581

1,011,110

407

1,032,098

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

The Report of the Auditors was unqualified.

Paul Freeman BA FCA FCCA (Senior Statutory Auditor)

for and on behalf of Lawes & Co UK Limited

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption conferred by s33.1A of Financial Reporting Standard 102 from the requirements to make disclosures concerning transactions entered into with related parties.

During the year, the company made payments totalling £34,756 (2023: £15,636 to DG & Co Global Advisory Limited, a company in which Mr S Garyfallos is a director.

During the year, the company made payments totalling £7,000 (2023: £2,500) to Re-Focus Associates Limited, a company in which Mr N Cook is a director.

During the year, the company made payments totalling £163,050 (2023: £156,754) to MQF Consulting Limited, a company in which Mr M Froggatt is a director.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C U Solheim.

12.	SHARE-BASED PAYMENT TRANSACTIONS

As at 1 January 2024, the company had granted a total number of Options over 749,284 shares at a weighted average strike price of £1.52 per share.

As at 31 December 2024, the company had granted a total number of Options over 728,378 shares at a weighted average strike price of £1.50 per share.

No Options have been exercised and no new Options were granted during the year. 20,906 Options lapsed during the year.