REGISTERED NUMBER: 07258568 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

HOSTED DESKTOP UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Healey

REGISTERED OFFICE:

Unit 24 Basepoint Business Centre

Yeoford Way Marsh Barton Trading Estate

Exeter

Devon

EX2 8LB

REGISTERED NUMBER:

07258568 (England and Wales)

AUDITORS:

Gravita Audit Western Limited

Chartered Accountants and Statutory Auditors

Keble House

Southernhay Gardens

Exeter

Devon

EX1 1NT

FIXED ASSETS

Intangible assets

5

656,914

381,400

Tangible assets

6

475,413

351,380

1,132,327

732,780

CURRENT ASSETS

Debtors

7

5,753,582

5,098,395

Cash at bank

750,800

613,965

6,504,382

5,712,360

CREDITORS

Amounts falling due within one year

8

(1,517,896

)

(1,087,676

)

NET CURRENT ASSETS

4,986,486

4,624,684

TOTAL ASSETS LESS CURRENT LIABILITIES

6,118,813

5,357,464

CREDITORS

Amounts falling due after more than one year

9

(423,752

)

(108,911

)

PROVISIONS FOR LIABILITIES

(84,680

)

(84,680

)

NET ASSETS

5,610,381

5,163,873

CAPITAL AND RESERVES

Called up share capital

832

832

Capital redemption reserve

168

168

Retained earnings

5,609,381

5,162,873

5,610,381

5,163,873

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 account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2025 and were signed by:

M Healey - Director

1.	COMPANY INFORMATION

Hosted Desktop UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal place of business is the registered office.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Turnover

Turnover comprises the fair value of the consideration received, or receivable, for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates, and discounts.

The company recognises revenue when:

-

The amount of revenue can be reliably measured; and

-

It is probable that the economic benefits associated with the transaction will flow to the entity.

Goodwill

Goodwill arising on the acquisition of an entity represents the cost of acquisition over the company's interest in the net fair value of identifiable assets, liabilities, and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued at the closing rate at each reporting date.

The goodwill currently shown in the accounts is being amortised over its useful life of 12 years. The directors have considered this rate taking into account current and expected churn rates and believe that this rate is reasonable.

Intangible assets

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

Computer software is being amortised at 33% straight line per annum.

Tangible fixed assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and impairment losses. Cost includes the purchase of extended warranties on equipment that is integral to the operation of the business. The directors believe that this more fairly reflects the true cost of the equipment as extended warranties are in reality essential. These costs are therefore depreciated over the duration of the warranty, rather than the expenditure being released to the profit and loss account over the duration. Annual profitability is unaffected by this amendment.

The cost of tangible assets includes directly attributable incremental costs incurred in acquisition and installation.

Depreciation is provided at the following annual rates in order to write off each asset over its

estimated useful life:

Plant and machinery

-

Straight line over 10 years

Computer equipment

-

Straight line over 3 years

Fixtures and fittings

-

20% reducing balance

Taxation

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

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis

over the lease term.

Assets held under finance leases, which are leases where substantially all the risks and rewards of

ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the short of the lease term and their term and their useful lives.

The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract.

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.

Estimates and judgements

Other than depreciation, amortisation and deferred tax which are already covered above in the accounting policies note the key estimates and judgements included in the financial statements are:

Accruals and prepayments which are based on information available at the time of approval of the financial statements

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2024 - 30 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2024

621,598

21,400

642,998

Additions

-

377,290

377,290

At 31 March 2025

621,598

398,690

1,020,288

AMORTISATION

At 1 April 2024

240,198

21,400

261,598

Charge for year

51,471

50,305

101,776

At 31 March 2025

291,669

71,705

363,374

NET BOOK VALUE

At 31 March 2025

329,929

326,985

656,914

At 31 March 2024

381,400

-

381,400

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

2,892,888

13,531

76,149

2,982,568

Additions

329,657

1,475

9,366

340,498

At 31 March 2025

3,222,545

15,006

85,515

3,323,066

DEPRECIATION

At 1 April 2024

2,549,658

10,988

70,542

2,631,188

Charge for year

211,341

2,909

2,215

216,465

At 31 March 2025

2,760,999

13,897

72,757

2,847,653

NET BOOK VALUE

At 31 March 2025

461,546

1,109

12,758

475,413

At 31 March 2024

343,230

2,543

5,607

351,380

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

153,303

210,464

Amounts owed by group undertakings

5,309,087

4,674,163

Other debtors

291,192

213,768

5,753,582

5,098,395

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 10)

249,657

62,816

Trade creditors

608,960

324,126

Amounts owed to group undertakings

18,010

-

Taxation and social security

412,088

495,196

Other creditors

229,181

205,538

1,517,896

1,087,676

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 10)

423,752

108,911

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

249,657

62,816

Between one and five years

423,752

108,911

673,409

171,727

11.	SECURED DEBTS

Hire purchase liabilities are secured over the asset to which the liability relates.

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

The Report of the Auditors was unqualified.

Jade Quaintance BA FCA (Senior Statutory Auditor)

for and on behalf of Gravita Audit Western Limited

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14.	ULTIMATE CONTROLLING PARTY

The company's immediate parent is Icon Bidco Ltd, a company incorporated in England and Wales. Its registered office is Unit 24 Basepoint Business Centre, Yeoford Way, Marsh Barton Trading Estate, Exeter, Devon, EX2 8LB.

The immediate parent is Lumulo Ltd, a company incorporated in England and Wales. Its registered office is Unit 24 Basepoint Business Centre, Yeoford Way, Marsh Barton Trading Estate, Exeter, Devon, EX2 8LB.

The ultimate controlling party is Your.Cloud UK Holding Limited.