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REGISTERED NUMBER: 05998217 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

EPAQ Systems Limited

EPAQ Systems Limited (Registered number: 05998217)

Contents of the Financial Statements

for the Year Ended 30 April 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 2 |

EPAQ Systems Limited (Registered number: 05998217)

Balance Sheet

30 April 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 6 | 39,358 |  | 58,171 |  |

Cash at bank | 107,115 |  | 49,847 |  |

146,473 |  | 108,018 |  |

CREDITORS

Amounts falling due within one year | 7 | 102,941 |  | 74,061 |  |

NET CURRENT ASSETS | 43,532 |  | 33,957 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 43,532 |  | 33,957 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 117 |  | 117 |  |

Share premium | 29,989 |  | 29,989 |  |

Retained earnings | 13,426 |  | 3,851 |  |

SHAREHOLDERS' FUNDS | 43,532 |  | 33,957 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2025 and were signed on its behalf by:

S C Radley - Director

EPAQ Systems Limited (Registered number: 05998217)

Notes to the Financial Statements

for the Year Ended 30 April 2025

1. | COMPANY INFORMATION

| EPAQ Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 05998217

| Registered office: | Sum Studios

| 1 Hartley Street

| Sheffield

| S2 3AQ

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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to give a true and fair view.

| Turnover

| Turnover represents invoiced sales of goods or services net of VAT and is recognised when the significant risks and rewards are considered to have been transferred to the buyer, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration, and is recorded at the fair value of consideration received or receivable. Where a licence to use software is sold the income is recognised in the profit and loss account evenly over the period of the licence.

| Grant income received has been recognised in the profit and loss account evenly over the period of the licence supplied. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

| Intangible fixed assets

| Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments over a period of 10 years which is their estimated useful economic life. Provision is made for any impairment.

| Intangible assets acquired as part of a business combination are measured at fair value at the acquisition date.

| Tangible fixed assets

| Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

| Depreciation is provided on all tangible assets, other than and freehold land, at rates calculated to write off the cost less estimated residual value of each asset on a straight line basis over its expected useful life.

| Computer equipment - 33% Straight Line

| Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

| The need for any fixed asset impairment write down is assessed by comparison of the carrying value of the assets against the higher of realisable value and value in use.

| The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

EPAQ Systems Limited (Registered number: 05998217)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| The following assets and liabilities are classified as basic financial instruments - trade debtors, cash and bank balances and trade creditors.

| Trade debtors, cash and bank balances and trade creditors are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

EPAQ Systems Limited (Registered number: 05998217)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Impairment of assets

| Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

| Non financial assets

| An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

| Financial assets

| For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

| Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had the impairment loss not been recognised.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 95 |  |

| AMORTISATION

| At 1 May 2024

| and 30 April 2025 | 95 |  |

| NET BOOK VALUE

| At 30 April 2025 | - |  |

| At 30 April 2024 | - |  |

EPAQ Systems Limited (Registered number: 05998217)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 429 |  |

| DEPRECIATION

| At 1 May 2024

| and 30 April 2025 | 429 |  |

| NET BOOK VALUE

| At 30 April 2025 | - |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 38,838 |  | 49,431 |  |

| Other debtors | 520 |  | 8,740 |  |

39,358 |  | 58,171 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | - |  | 7,293 |  |

| Taxation and social security | 18,134 |  | 7,803 |  |

| Other creditors | 84,807 |  | 58,965 |  |

102,941 |  | 74,061 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 117 | Ordinary | £1 | 117 |  | 117 |  |