REGISTERED NUMBER: SC328848 (Scotland)

Strategic Report, Report of the Director and

Financial Statements

for the Year Ended 31 January 2025

for

Allsee Technologies Limited

Page

Company Information

1

Strategic Report

2

Report of the Director

4

Report of the Independent Auditors

5

Income Statement

9

Other Comprehensive Income

10

Statement of Financial Position

11

Statement of Changes in Equity

12

Statement of Cash Flows

13

Notes to the Statement of Cash Flows

14

Notes to the Financial Statements

15

Director:

Dr B Zhao

Registered office:

272 Bath Street

Glasgow

Scotland

G2 4JR

Registered number:

SC328848 (Scotland)

Auditors:

The GKP Partnership

139 Viglen House

Alperton Lane

Wembley

London

HA01HD

The director presents his strategic report for the year ended 31 January 2025.

Review of Business

Allsee Technologies Ltd. continues to thrive as a leading provider of cutting-edge visual display solutions. Our business is dedicated to the design, manufacturing, and distribution of innovative digital signage and visual display products. Our mission is to empower businesses and organizations with state-of-the-art display solutions that enhance communication, engagement, and overall operational efficiency.

Financial Performance:

In the fiscal year ending January 31, 2025, Allsee Technologies has demonstrated robust financial performance. Our turnover has reached £23,953,100 (2024:£19,135,779) representing a significant growth trajectory. The gross profit of £10,418,287 (2024: £9,869,044) underscores our commitment to operational excellence. Key financial indicators, including return on investment and liquidity measures, remain strong, showcasing our financial stability and prudent management.

Strategy and Objectives:

Our strategic focus remains cantered on innovation, customer satisfaction, and sustainable growth. We are committed to expanding our product offerings, exploring new markets, and fortifying our position as a market leader. Our objectives include continued investment in research and development, fostering strategic partnerships, and enhancing operational efficiency. We have made substantial progress in aligning our strategies with the dynamic market landscape.

Market Analysis:

Allsee Technologies operates in a dynamic market characterized by technological advancements and evolving customer preferences. Our market analysis reveals a growing demand for digital signage solutions across various industries. We continuously monitor market trends, assess competitive landscapes, and adapt our strategies to capitalize on emerging opportunities. Regulatory compliance and industry-specific factors are integral considerations in our decision-making processes.

Risk Management:

Proactive risk management is paramount to our sustained success. We recognize the importance of identifying and mitigating risks associated with market volatility, regulatory changes, and operational challenges. Our risk management framework is designed to ensure resilience in the face of uncertainties, fostering adaptability and strategic agility.

Environmental, Social, and Governance (ESG) Factors:

Allsee Technologies is committed to ESG principles. Our environmental initiatives include a transition to LED backlit products, reducing both power consumption and waste. Social responsibility is ingrained in our culture, with programs supporting employee welfare, diversity, and ethical business practices. Robust corporate governance practices ensure transparency, accountability, and ethical decision-making.

Stakeholder Engagement:

We prioritize stakeholder engagement as a cornerstone of our corporate strategy. Regular communication with shareholders, employees, customers, and suppliers fosters strong relationships. Our dedication to stakeholder satisfaction is evident in ongoing initiatives to address their needs, concerns, and expectations.

Review of business

Future Outlook:

Looking ahead, Allsee Technologies is poised for continued success. We anticipate sustained growth through product innovation, market expansion, and strategic partnerships. Opportunities in emerging technologies and global markets will be explored. Our commitment to sustainability, social responsibility, and stakeholder satisfaction will remain unwavering, positioning Allsee Technologies as a resilient and forward-thinking industry leader. In addition the business will be moving to larger warehousing facilities in the coming financial year.

On behalf of the board:

Dr B Zhao - Director

29 October 2025

The director presents his report with the financial statements of the company for the year ended 31 January 2025.

Principal activity

The principal activity of the company in the year under review was that of provider of visual display solutions.

Dividends

An interim dividend of 0.25 per share was paid on . The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 31 January 2025 will be £ 300,000 .

Director

Dr B Zhao held office during the whole of the period from 1 February 2024 to the date of this report.

Statement of director's responsibilities

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors

The auditors, The GKP Partnership, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:

Dr B Zhao - Director

29 October 2025

Opinion

We have audited the financial statements of Allsee Technologies Limited (the 'company') for the year ended 31 January 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 January 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

" the senior statutory auditor ensured the engagement team collectively had the appropriate competence, capabilities, and skills to identify or recognise non-compliance with applicable laws and regulations.

" we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the related sector.

" we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental, health and safety legislation and anti-money laundering regulations.

" we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

" identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

" we assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

" making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected, and alleged fraud.

" considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

" To address the risk of fraud through management bias and override of controls, we:

- performed analytical and substantive procedures to identify any unusual or unexpected relationships.

- tested journal entries to identify unusual transactions.

- assessed whether judgements and assumptions made in determining the accounting estimates in the Company financial statements were indicative of potential bias.

- investigated the rationale behind significant or unusual transactions.

" In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

" agreeing financial statement disclosures to underlying supporting documentation.

" reading the minutes and correspondence of meetings of those charged with governance.

" enquiring of management as to actual and potential litigation and claims.

" reviewing correspondence with HMRC and the company's advisors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

A K Sharma FCA (Senior Statutory Auditor)

for and on behalf of The GKP Partnership

139 Viglen House

Alperton Lane

Wembley

London

HA01HD

29 October 2025

Turnover

23,953,100

19,135,779

Cost of sales

(13,534,813

)

(9,266,735

)

Gross profit

10,418,287

9,869,044

Distribution costs

(40,472

)

-

Administrative expenses

(3,892,298

)

(3,458,389

)

6,485,517

6,410,655

Other operating income

185,933

(84,606

)

Operating profit

4

6,671,450

6,326,049

Interest receivable and similar income

98,444

167,306

6,769,894

6,493,355

Gain/loss on revaluation of assets

111,291

-

Profit before taxation

6,881,185

6,493,355

Tax on profit

6

(1,054,862

)

(1,585,437

)

Profit for the financial year

5,826,323

4,907,918

Profit for the year

5,826,323

4,907,918

Other comprehensive income

-

-

Total comprehensive income for the year

5,826,323

4,907,918

Fixed assets

Tangible assets

8

7,980,698

6,028,336

Current assets

Stocks

9

4,861,524

4,521,190

Debtors

10

5,795,501

3,221,511

Investments

11

4,412,653

3,215,637

Cash at bank

3,063,338

3,106,528

18,133,016

14,064,866

Creditors

Amounts falling due within one year

12

(3,172,570

)

(2,715,280

)

Net current assets

14,960,446

11,349,586

Total assets less current liabilities

22,941,144

17,377,922

Provisions for liabilities

13

(83,922

)

(47,023

)

Net assets

22,857,222

17,330,899

Capital and reserves

Called up share capital

14

1,200,000

1,200,000

Retained earnings

15

21,657,222

16,130,899

Shareholders' funds

22,857,222

17,330,899

The financial statements were approved by the director and authorised for issue on 29 October 2025 and were signed by:

Dr B Zhao - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 February 2023

1,200,000

11,322,981

12,522,981

Changes in equity

Dividends

-

(100,000

)

(100,000

)

Total comprehensive income

-

4,907,918

4,907,918

Balance at 31 January 2024

1,200,000

16,130,899

17,330,899

Changes in equity

Dividends

-

(300,000

)

(300,000

)

Total comprehensive income

-

5,826,323

5,826,323

Balance at 31 January 2025

1,200,000

21,657,222

22,857,222

Cash flows from operating activities

Cash generated from operations

1

3,743,693

4,171,699

Tax paid

(1,578,216

)

(1,578,216

)

Net cash from operating activities

2,165,477

2,593,483

Cash flows from investing activities

Purchase of tangible fixed assets

(2,007,111

)

(3,488,601

)

Interest received

98,444

167,306

Net cash from investing activities

(1,908,667

)

(3,321,295

)

Cash flows from financing activities

Equity dividends paid

(300,000

)

(100,000

)

Net cash from financing activities

(300,000

)

(100,000

)

Decrease in cash and cash equivalents

(43,190

)

(827,812

)

Cash and cash equivalents at beginning of year

2

3,106,528

3,934,340

Cash and cash equivalents at end of year

2

3,063,338

3,106,528

1.	Reconciliation of profit before taxation to cash generated from operations

31.1.25

31.1.24

£

£

Profit before taxation

6,881,185

6,493,355

Depreciation charges

54,749

67,756

Gain on revaluation of fixed assets

(111,291

)

-

Finance income

(98,444

)

(167,306

)

6,726,199

6,393,805

Increase in stocks

(340,334

)

(1,365,816

)

Increase in trade and other debtors

(2,975,320

)

(459,052

)

Increase/(decrease) in trade and other creditors

333,148

(397,238

)

Cash generated from operations

3,743,693

4,171,699

2.	Cash and cash equivalents

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 January 2025

31.1.25

1.2.24

£

£

Cash and cash equivalents

3,063,338

3,106,528

Year ended 31 January 2024

31.1.24

1.2.23

£

£

Cash and cash equivalents

3,106,528

3,934,340

3.	Analysis of changes in net funds

At 1.2.24

Cash flow

At 31.1.25

£

£

£

Net cash

Cash at bank

3,106,528

(43,190

)

3,063,338

3,106,528

(43,190

)

3,063,338

Liquid resources

Current asset investments

3,215,637

1,197,016

4,412,653

3,215,637

1,197,016

4,412,653

Total

6,322,165

1,153,826

7,475,991

1.	Statutory information

Allsee Technologies Limited is a private company, limited by shares , registered in Scotland. 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Research and development

The company incurs qualifying research and development expenditure. For accounting periods beginning before 1 April 2024, R & D relief is claimed under the UK SME scheme. Credits under the SME scheme are non-taxable and are recognised when receipt is probable and the amount can be measured reliably, either as a credit within the corporation tax line or presented as other income below operating profit, consistent with the company's policy. Where the credit relates to prior periods and reliable measurement only becomes available subsequently, the company assesses whether recognition should be made prospectively in the current period or via a prior -year adjustment in accordance with FRS102. For accounting periods beginning on or after 1 April 2024, the UK introduced a merged R &D regime(RDEC) under which credits are taxable and generally presented above the line ( as other income). The Company will assess presentation and disclosure for periods within the scope of the merged regime as applicable.

3.	Employees and directors

31.1.25

31.1.24

£

£

Wages and salaries

2,362,312

1,893,944

The average number of employees during the year was as follows:

31.1.25

31.1.24

58

46

31.1.25

31.1.24

£

£

Director's remuneration

172,335

139,527

4.	Operating profit

The operating profit is stated after charging:

31.1.25

31.1.24

£

£

Depreciation - owned assets

54,749

67,756

Auditors' remuneration

15,600

15,600

5.	Exceptional items

31.1.25

31.1.24

£

£

Exceptional items

668,641

-

The company received an R & D refund under the SME scheme amounting to £668,641.

6.

Taxation

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.1.25

31.1.24

£

£

Current tax:

UK corporation tax

1,702,358

1,578,216

Deferred tax

21,145

7,221

Exceptional items

(668,641

)

-

Tax on profit

1,054,862

1,585,437

7.

Dividends

31.1.25

31.1.24

£

£

Ordinary shares of 1 each

Interim

300,000

100,000

8.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

Cost

At 1 February 2024

5,821,522

718,010

3,832

Additions

1,982,752

-

-

At 31 January 2025

7,804,274

718,010

3,832

Depreciation

At 1 February 2024

-

594,067

3,448

Charge for year

-

30,986

96

At 31 January 2025

-

625,053

3,544

Net book value

At 31 January 2025

7,804,274

92,957

288

At 31 January 2024

5,821,522

123,943

384

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 February 2024

152,728

33,571

6,729,663

Additions

24,359

-

2,007,111

At 31 January 2025

177,087

33,571

8,736,774

Depreciation

At 1 February 2024

80,368

23,444

701,327

Charge for year

21,135

2,532

54,749

At 31 January 2025

101,503

25,976

756,076

Net book value

At 31 January 2025

75,584

7,595

7,980,698

At 31 January 2024

72,360

10,127

6,028,336

9.

Stocks

31.1.25

31.1.24

£

£

Stocks

4,861,524

4,521,190

10.

Debtors: amounts falling due within one year

31.1.25

31.1.24

£

£

Trade debtors

4,442,721

2,685,415

Other debtors

1,325,213

-

VAT

-

498,004

Prepayments

27,567

38,092

5,795,501

3,221,511

11.	Current asset investments

31.1.25

31.1.24

£

£

Listed investments

1,442,633

1,295,617

Other

2,970,020

1,920,020

4,412,653

3,215,637

Market value of listed investments at 31 January 2025 - £ 1,442,633 (2024 - £ 1,295,617 ).

12.

Creditors: amounts falling due within one year

31.1.25

31.1.24

£

£

Trade creditors

1,042,541

354,870

Tax

1,702,358

1,578,216

Social security and other taxes

61,227

7,006

VAT

46,578

-

Other creditors

300,000

771,631

Accrued expenses

19,866

3,557

3,172,570

2,715,280

13.	Provisions for liabilities

31.1.25

31.1.24

£

£

Deferred tax

34,574

13,429

Other provisions

49,348

33,594

83,922

47,023

Deferred

tax

£

Balance at 1 February 2024

13,429

Provided during year

21,145

Balance at 31 January 2025

34,574

14.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

1,200,000

Ordinary

1

1,200,000

1,200,000