ACCOUNTS - Final Accounts preparation

Company registration number: 01955756

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 JUNE 2025

	CADCORP LIMITED


CADCORP LIMITED

COMPANY INFORMATION

Directors	S Maynard (appointed 12 August 2025)
	T Whitley (appointed 12 August 2025)


Registered number	01955756


Registered office	C/O Nec Software Solutions Suite 101, Imex Centre
	575-599 Maxted Road
	Hemel Hempstead
	Hertfordshire
	HP2 7DX




Independent auditor	Menzies LLP
	Chartered Accountants & Statutory Auditor
	Richmond House
	Walkern Road
	Stevenage
	SG1 3QP


CADCORP LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 6


CADCORP LIMITED REGISTERED NUMBER:01955756

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		25,846		14,456
			25,846		14,456
Current assets
Stocks		1,238		2,773
Debtors: amounts falling due within one year	5	905,607		842,052
Cash at bank and in hand		2,628,135		2,477,209
		3,534,980		3,322,034
Creditors: amounts falling due within one year	6	(2,170,804)		(2,206,637)
Net current assets			1,364,176		1,115,397
Total assets less current liabilities			1,390,022		1,129,853

Net assets			1,390,022		1,129,853

Capital and reserves
Called up share capital	217,867	217,867
Share premium account	130,920	130,920
Capital redemption reserve	11,472	11,472
Profit and loss account	1,029,763	769,594
	1,390,022	1,129,853

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 profit and loss account 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 Maynard	................................................ T Whitley
Director	Director

Date: 24 November 2025

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

Page 1


CADCORP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1.	General information

Cadcorp 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.

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 following principal accounting policies have been applied:

2.2

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.

2.3

Revenue

Revenue 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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Income from ongoing support contracts is spread over the life of the contract according to the level of costs expected to be incurred as the contract is performed.

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.

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.

2.5

Interest income

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

Page 2


CADCORP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.6

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.7

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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.8

Tangible fixed 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.

Page 3


CADCORP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.8

Tangible fixed assets (continued)

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:

				Plant and machinery	-	25%
				Office equipment	-	50%

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.

2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 33 (2024 - 32).

Page 4


CADCORP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

4.	Tangible fixed assets

	Plant and machinery	Office equipment	Total
	£	£	£
Cost or valuation
At 1 July 2024	1,800	58,753	60,553
Additions	1,707	30,877	32,584
Disposals	-	(25,548)	(25,548)
At 30 June 2025	3,507	64,082	67,589
Depreciation
At 1 July 2024	1,800	44,297	46,097
Charge for the year on owned assets	1,422	19,772	21,194
Disposals	-	(25,548)	(25,548)
At 30 June 2025	3,222	38,521	41,743
Net book value
At 30 June 2025	285	25,561	25,846
At 30 June 2024	-	14,456	14,456

Page 5


CADCORP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Debtors

					2025	2024
					£	£


Trade debtors	675,703	617,188
Other debtors	229,904	224,864
	905,607	842,052

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	48,907	47,730
Corporation tax	82,689	53,687
Other taxation and social security	149,517	136,792
Other creditors	153,691	353,428
Deferred income	1,736,000	1,615,000
	2,170,804	2,206,637

7.	Post balance sheet events

The Company operates a share option arrangement that becomes exercisable upon the sale of the Company. As at 30th June 2025, the vesting condition had not been met and no liability was recognised.
Subsequent to the year end, the Company was sold on 12th August 2025. As a result, the share options vested and were settled for £929,432. This is considered a non-adjusting event under FRS 102 Section 32.

8.	Controlling party

NEC Software Solutions UK Limited is the immediate parent company by virtue of owning 100% of the issues share capital, NEC Software Solutions UK Limited is a company registered in England and Wales. The registered office is 1st Floor, Imex Centre, 575-599 Maxted Road, Hemel Hempstead, Hertfordshire, United Kingdom, HP2 7DX.
The ultimate parent company of the group is NEC Corporation, which is incorporated in Japan. The registered office is 7-1, Shiba 5-chome, Minato-ku, Tokyo 108-8001, Japan
Cadcorp Limited and its subsidaries was acquired by NEC Software UK Limited on 12 August 2025, post year end. There have been no other significant events affective the Company since the year end.

9.	Auditor's information

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

The audit report was signed on 10 December 2025 by James Fox ACA FCCA (Senior Statutory Auditor) on behalf of Menzies LLP.

Page 6