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Escalus Software Systems Ltd
Annual Report and Unaudited Financial Statements
Year Ended 31 May 2025

Registration number: 03791750

Escalus Software Systems Ltd

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 9

Escalus Software Systems Ltd

Balance Sheet

31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 1,388,546 | 1,461,626
Tangible assets | 5 | 731 | 2,137
Investments | 6 | 1 | 1
|  | 1,389,278 | 1,463,764
Current assets |  |  |
Debtors | 7 | 577,957 | 552,902
Cash at bank and in hand |  | 1 | 45
|  | 577,958 | 552,947
Creditors: Amounts falling due within one year | 8 | (230,874) | (268,680)
Net current assets |  | 347,084 | 284,267
Total assets less current liabilities |  | 1,736,362 | 1,748,031
Creditors: Amounts falling due after more than one year | 8 | 3,030,573 | 3,098,939
Capital and reserves |  |  |
Called up share capital | 10 | 299 | 299
Share premium reserve |  | 795,301 | 795,301
Profit and loss account |  | (2,089,811) | (2,146,508)
Shareholders' funds |  | (1,294,211) | (1,350,908)
|  | 1,736,362 | 1,748,031

Escalus Software Systems Ltd

Balance Sheet

31 May 2025

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 8 December 2025

......................................... P Chilton Director

Company Registration Number: 03791750

Escalus Software Systems Ltd

Notes to the Unaudited Financial Statements

Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor
90 Victoria Street
Bristol
BS1 6DP
United Kingdom

The principal place of business is:
Hartham Park
Hartham Lane
Corsham
Wiltshire
SN13 0RP
United Kingdom

These financial statements were authorised for issue by the director on 8 December 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Escalus Software Systems Ltd

Notes to the Unaudited Financial Statements

Year Ended 31 May 2025

Revenue recognition

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 value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.

Tax

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below.Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leasehold improvements | Straight line over the period of the lease
Computer equipment | 33% straight line
Fixtures and fittings | 25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Internally genterated software development costs | 5% reducing balance

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Escalus Software Systems Ltd

Notes to the Unaudited Financial Statements

Year Ended 31 May 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2024 - 9).

Escalus Software Systems Ltd

Notes to the Unaudited Financial Statements

Year Ended 31 May 2025

4 | Intangible assets

| Internally generated software development costs £ | Total £
Cost or valuation
At 1 June 2024 | 2,103,733 | 2,103,733
At 31 May 2025 | 2,103,733 | 2,103,733
Amortisation
At 1 June 2024 | 642,107 | 642,107
Amortisation charge | 73,080 | 73,080
At 31 May 2025 | 715,187 | 715,187
Carrying amount
At 31 May 2025 | 1,388,546 | 1,388,546
At 31 May 2024 | 1,461,626 | 1,461,626

5 | Tangible assets

| Fixtures and fittings £ | Computer equipment £ | Total £
Cost or valuation
At 1 June 2024 | 298 | 11,983 | 12,281
At 31 May 2025 | 298 | 11,983 | 12,281
Depreciation
At 1 June 2024 | 236 | 9,908 | 10,144
Charge for the year | 15 | 1,391 | 1,406
At 31 May 2025 | 251 | 11,299 | 11,550
Carrying amount
At 31 May 2025 | 47 | 684 | 731
At 31 May 2024 | 62 | 2,075 | 2,137

Escalus Software Systems Ltd

Notes to the Unaudited Financial Statements

Year Ended 31 May 2025

6 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 1 | 1

Subsidiaries | £
Cost or valuation
At 1 June 2024 | 1
Provision
Carrying amount
At 31 May 2025 | 1
At 31 May 2024 | 1

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 94,307 | 84,919
Prepayments | 9,013 | 69,826
Other debtors | 474,637 | 398,157
| 577,957 | 552,902

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 17,174 | 20,370
Trade creditors |  | 37,671 | 44,910
Amounts due to group undertakings |  | 1 | 1
Taxation and social security |  | 96,964 | 124,774
Accruals and deferred income |  | 76,457 | 70,592
Other creditors |  | 2,607 | 8,033
|  | 230,874 | 268,680

Escalus Software Systems Ltd

Notes to the Unaudited Financial Statements

Year Ended 31 May 2025

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 3,030,573 | 3,098,939

9 | Loans and borrowings

| 2025 £ | 2024 £
Loans and borrowings due after one year
Shareholders' loans | 1,016,849 | 1,028,099
Directors' loan accounts | 2,013,724 | 2,070,840
| 3,030,573 | 3,098,939

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 20,370
Bank overdrafts | 17,174 | -
| 17,174 | 20,370

The bank borrowings of £Nil (2024 - £20,370) disclosed under creditors are guaranteed by government under the Business Interruption Loan Scheme and are secured against the assets of the company under a fixed and floating charge.
Shareholder's loans of £1,016,849 (2024 - £1,028,099) disclosed under creditors are secured by the company under a floating charge.

10 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £0.10 each | 2,989 | 298.90 | 2,989 | 298.90

Escalus Software Systems Ltd

Notes to the Unaudited Financial Statements

Year Ended 31 May 2025

11 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total future minimum lease payments under non-cancellable operating lease not in the balance sheet is £Nil (2024 - £30,680).

12 | Related party transactions

Director's remuneration

The director and shareholders of the company have provided both secured (see note 9) and unsecured funding of £3,030,573 (2024 - £3,098,939) to the company. All amounts are classified as being repayable in greater than one year.