The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

Avagio I.T.S. Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10 Exchange Square, London, United Kingdom, EC2A 2BR.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.

As part of a re-organisation whereby the majority of trading activity within the Optimity group of companies in relation to IT support services is being held within Optimity IT Limited, the trade of Avagio I.T.S. Ltd was transferred to Optimity IT Limited on 1 January 2022. As a result, a basis other than that of a going concern has been applied in preparing these financial statements. No adjustments have been recorded as a result of the application of this basis of preparation. true

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

The average monthly number of persons employed by the company during the year was:

All assets are secured by fixed and floating charges relating to the group bank loan facility. The associated group bank loan has since been repaid in full.

Amounts owed by group undertakings are unsecured, interest free, have no fixed repayment date and are repayable on demand.

Amounts owed to group undertakings are unsecured, interest free, have no fixed repayment date and are repayable on demand.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified, but includes confirmation that a basis other than the going concern basis is appropriate as per note 1.2.

As at 31 December 2024, the company had total commitments, guarantees and contingencies of £2,941,108 (2023: £2,775,215) in respect of group companies. The associated group bank loan has since been repaid in full.

On 3 July 2025 Optimity Holdings Limited, of which the company is a 100% subsidiary, was acquired in full by Vorboss Limited and group bank debt facilities were repaid in full.

Optimity Limited is the company's immediate parent company, whose registered address is 10 Exchange Square, London, EC2A 2BR (formerly 4a Byron House, Lansdowne Court, Chippenham, Wiltshire, SN14 6RZ).

The smallest and largest group of which Avagio I.T.S. Ltd is a member and for which group accounts are prepared for the year to 31 December 2024 is headed by Optimity Holdings Limited, whose registered office is 10 Exchange Square, London, EC2A 2BR (formerly 4a Byron House, Lansdowne Court, Chippenham, Wiltshire, SN14 6RZ).

FPE Capital LLP was the company's ultimate controlling party as at 31 December 2024, a limited liability partnership whose registered office is 2nd Floor, 7 Swallow Street, London, England, W1B 4DE

Following an acquisition of Optimity Holdings Limited on 3 July 2025 by Vorboss Limited, the ultimate parent undertaking is Octopus Group Holdings Limited, whose registered office is 6th Floor 33, Holborn, London, England, EC1N 2HT.