ACCOUNTS - Final Accounts

Registered number: 08490867 (England and Wales)

NUTRICALC LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


NUTRICALC LIMITED

COMPANY INFORMATION

Directors	S E Drinkwater
	S P Hayes
	J W Mason


Registered number	08490867


Registered office	Laser House
	Ground Floor Suite B Waterfront Quay
	Salford
	Manchester
	England
	M50 3XW


Independent auditors	ZEDRA Corporate Reporting Services (UK) Limited


NUTRICALC LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 6


NUTRICALC LIMITED REGISTERED NUMBER:08490867

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	465,968		51,954
Bank and cash balances		65,894		386,970
		531,862		438,924
Creditors: amounts falling due within one year	5	(352,995)		(326,022)
Net current assets			178,867		112,902
Total assets less current liabilities			178,867		112,902

Net assets			178,867		112,902

Capital and reserves
Called up share capital	100	100
Profit and loss account	178,767	112,802
	178,867	112,902

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:

S E Drinkwater

Director

Date: 12 November 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1


NUTRICALC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies

1.1

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 previous trading period to 31 December 2023 was a shortened 8-month period.

The following principal accounting policies have been applied:

1.2

Going concern

NutriCalc Limited is in a net asset position supported primarily by an intercomany receivable. The directors have considered the parent company's (TraceGains, Inc.) ability to provide financial support and has received written confirmation that it will continue to do so for a period of at least 12 months from the date of signing these financial statements.
The directors have assessed the forecasts of the parent company for at least 12 months from the date of signing these financial statements and have concluded that the required support remains available to the Company. For these reasons, the directors continue to adopt the going concern basis in preparing the financial statements.

1.3

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.

Page 2


NUTRICALC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

1.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Turnover is generated through the sale of subscription-based nutrition calculation software, on an annual or monthly basis. This software allows for professional food businesses to create recipes, generate nutrition data, and produce compliant food labels and reports.

1.5

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

1.6

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3


NUTRICALC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

1.7

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 balance sheet date in the countries where the Company operates and generates income.

1.8

Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Certain employees of the Company along with other group employees have been granted Share Appreciation Rights (SARs) with the ultimate parent company, Information Exchange Holdings. The SARs are granted at an independently determined fair value and are cash-settled. An expense equivalent to the fair value at the reporting date of the vested SAR is recognised with a corresponding amount being recognised as an other creditor.
Following the acquisition of the group by Veralto, Inc. in October 2024, all SAR's fully vested and were paid out to employees in November 2024. As no share options were subsequently re-issued after the acquisition, the liability recognised in the prior year was reversed out.

1.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

1.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

Page 4


NUTRICALC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

1.11

Creditors

Short-term creditors are measured at the transaction price. Amounts owed to group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

2.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 18 November 2025 by Adam Wildbore FCCA (Senior Statutory Auditor) on behalf of ZEDRA Corporate Reporting Services (UK) Limited.

Employees

The average monthly number of employees during the year was 5 (period ended 31 December 2023 - 7).

Debtors

					2024	2023
					£	£


Trade debtors	66,810	30,678
Amounts owed by group undertakings	390,698	-
Other debtors	-	21,276
Prepayments and accrued income	8,460	-
	465,968	51,954

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	17,056	12,653
Amounts owed to group undertakings	-	22,950
Corporation tax	4,897	-
Other taxation and social security	13,120	51,964
Other creditors	7,833	8,817
Accruals and deferred income	310,089	229,638
	352,995	326,022

Page 5


NUTRICALC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Controlling party

Information Exchange Holdings is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is 12303 Airport Way Building I, Suite 180, Broomfield, CO 80021.

7.	Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved.

Page 6