ACCOUNTS - Final Accounts

Creditors: Amounts falling due within one year

As restated

Company registration number: 03213397

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 JUNE 2025

	INFOVISTA LTD.


INFOVISTA LTD.

COMPANY INFORMATION

Director	Rick Lee Hamilton


Registered number	03213397


Registered office	2000 Cathedral Square
	Cathedral Hill
	Guildford
	Surrey
	GU2 7YL


Independent auditors	Menzies LLP
	Chartered Accountants & Statutory Auditor
	95 Gresham Street
	London
	United Kingdom
	EC2V 7AB


INFOVISTA LTD.

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 8


INFOVISTA LTD. REGISTERED NUMBER:03213397

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2025

		As restated
	2025	2024
Note	£	£

Fixed assets
Tangible assets	5		550,014		786,917
			550,014		786,917
Current assets
Debtors: amounts falling due within one year	6	7,449,437		8,880,416
Cash at bank and in hand		2,395,734		821,876
		9,845,171		9,702,292
Creditors: amounts falling due within one year	7	(4,728,569)		(5,304,271)
Net current assets			5,116,602		4,398,021
Total assets less current liabilities			5,666,616		5,184,938
Creditors: amounts falling due after more than one year	8		(235,133)		(423,220)
Net assets			5,431,483		4,761,718

Capital and reserves
Called up share capital	10	3	3
Share premium account		3,140,000	3,140,000
Profit and loss account		2,291,480	1,621,715
		5,431,483	4,761,718

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Rick Lee Hamilton

Director

Date: 14 November 2025

The notes on pages 2 to 8 form part of these financial statements.

Page 1


INFOVISTA LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1.	General information

InfoVista Limited (03213397) is a private company limited by shares, incorporated in England & Wales under the Companies Act. The address of the registered office and principal place of business is 2000 Cathedral Square, Cathedral Hill, Guildford, Surrey, GU2 7YL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised when the company has a binding agreement with the customer and it is probable that the company will receive revenue.
Turnover relating to perpetual software licenses also bundled with hardware is recognised on delivery to the customer. If the software requires significant modification by the company before it can be employed by the customer, turnover is deferred until functionality is delivered to the customer.
Turnover which arises from the provision of installation services; professional services; support; maintenance; and the right to periodic software upgrades is deferred and recognised during the period in which the work or service is delivered. Term licenses are recognised upon delivery of the licence, in the absence of providing any continuing technical support, software upgrade or enhancements in order for the software to be able to function. Consultancy services, training and custom development are recognised according to the stage of completion of the services provided.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 2


INFOVISTA LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.5

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.7

Tangible assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property	-	20%	straight line over the non-cancellable term of the lease (5 years)
Office equipment	-	33%	straight line
Computer equipment	-	33%	straight line
Computer equipment (leased)	-	25%	straight line over the non-cancellable term of the lease (4 years)

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3


INFOVISTA LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.12

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

3.	Critical judgments 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.
Key source of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:
The qualification of the year end bad debt provisions
Management have made the provision based on its knowledge of their customers and their ability to repay its debts. Amounts due after 365 days are provided for.

Employees

The average monthly number of employees, including directors, during the year was 28 (2024 - 41).

Page 4


INFOVISTA LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

5.	Tangible assets

	Short-term leasehold property	Office equipment	Computer equipment	Total
	£	£	£	£
Cost
At 1 July 2024	57,812	1,995	945,364	1,005,171
Additions	1,811	-	7,127	8,938
Disposals	-	-	(19,254)	(19,254)
At 30 June 2025	59,623	1,995	933,237	994,855
Depreciation
At 1 July 2024	3,853	1,995	212,406	218,254
Charge for the year on owned assets	12,046	-	232,189	244,235
Disposals	-	-	(17,648)	(17,648)
At 30 June 2025	15,899	1,995	426,947	444,841
Net book value
At 30 June 2025	43,724	-	506,290	550,014
At 30 June 2024	53,959	-	732,958	786,917

Finance leases

At the year end, the net book value of computer equipment held under finance leases was £493,784 (2024: £713,243).

Page 5


INFOVISTA LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

6.	Debtors: Amounts falling due within one year

					2025	2024
					£	£


Trade debtors	1,983,812	1,473,491
Amounts owed by group undertakings	5,366,793	7,261,631
Prepayments and accrued income	98,832	145,294
	7,449,437	8,880,416

Trade creditors	84,849	192,090
Amounts owed to group undertakings	1,876,707	2,004,434
Other taxation and social security	153,650	108,066
Obligations under finance lease and hire purchase contracts	188,087	188,087
Accruals and deferred income	2,425,276	2,811,594
	4,728,569	5,304,271

The amounts owed to group undertakings are unsecured, non interest bearing, have no fixed date of repayment and are repayable on demand.
The obligations under finance leases are secured against the leased assets.

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Net obligations under finance leases and hire purchase contracts	235,133	423,220
	235,133	423,220

The obligations under finance leases are secured against the leased assets.

Page 6


INFOVISTA LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Within one year	188,087	188,087
Between 1-5 years	235,133	423,220
	423,220	611,307

10.	Called up share capital
		2025	2024
		£	£

Allotted, called up and fully paid

3 (2024 - 3) Ordinary shares of £1.00 each	3	3

The shares (a) carry full voting rights, (b) are entitled to participate in dividends and (c) carry no right of redemption.

11.	Pension commitments

The company operates a defined contribution pension scheme. The assets of the company are held separately from those of the company in an independently administered fund. The pension cost charge represents contribution payable by the company to the fund and amounted to £410,539 (2024 - £376,160). Contributions totalling £33,807 (2024 - £24,135) were payable to the fund at the 30 June 2025 and are included in creditors.

12.	Related party transactions
	The company has taken advantage of the exemption available in accordance with FRS 102 not to disclose transactions entered between two or more members of the group, as the company is a wholly owned subsidiary undertaking of the group to which it is party to the transactions.

13.	Ultimate and immediate parent

Seven2 SAS, a company registered and incorporated in France, is the ultimate undertaking and controlling party. The parent of the largest group for which consolidated accounts are drawn up is Vista Lux Sarl, incorporated in Luxembourg. The registered office of Vista Lux Sarl is 37A John F Kennedy Avenue, 1855 Luxembourg, Luxembourg.
The parent of the smallest group for which consolidated accounts are drawn up is Infovista SAS.

Page 7


INFOVISTA LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

14.	Prior year adjustment

A system error during the early use of FinancialForce led to incorrect revenue recognition for a customer engagement from 2016 to 2018. The invoice was posted directly to revenue and then recognised again through deferred income, overstating revenue and understating deferred income by £158,268. This has been corrected through a prior year adjustment.

A review of deferred income balances confirmed no further issues. The adjustment is considered an isolated case.

15.	Auditors' information

The auditors' report on the financial statements for the year ended 30 June 2025 was unqualified.

The audit report was signed on 17 November 2025 by Nimita Chan FCCA (Senior Statutory Auditor) on behalf of Menzies LLP.

Page 8