Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Directors

The director shown below has held office during the whole of the period from
1 April 2024 to 31 March 2025

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
1 December 2025

And signed on behalf of the board by:
Name: Angela Townsend
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2025

Balance sheet

As at 31 March 2025

The notes form part of these financial statements

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover represents the recharge of costs incurred by the business to the parent company at invoiced amounts less value added tax and is recognised in the period in which it relates.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at cost less accumulated depreciation, such costs include costs directly attributable to making the asset capable of operations as intended. Depreciation is provided at the following rates calculated to write off the cost of fixed assets, less their estimated residual value. Depreciation is provided on the following basis: Plant and machinery - 33% per annum Motor vehicles - 25% per annum Computer equipment - 25% per annum

  Other accounting policies

  Accounting policies 1.1 Basis of preparation of financial statements The financial statements have been prepared under the historical cost convention unless otherwisespecified within these accounting policies and in accordance with FRS 102 Section 1A - small entities, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The presentational and functional currency of these financial statements is GBP. Values have been rounded to the nearest pound. The following principal accounting policies have been applied: 1.2 Going concern The financial statements have been prepared on a going concern basis. The Director has considered forecasts for the period to 31 March 2027, which demonstrate the business will continue to trade profitability. As turnover represents a recharge of costs to the parent company, the Company is reliant upon the Group to provide sufficient cash to pay its liabilities as they fall due. As a result, SMART Technologies Inc has provided the Company with a letter of support for the 12 month period following the date of approval of these financial statements. After considering the support available from SMART Technologies Inc, the Director has a reasonable expectation that the Company has adequate resources and support to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis of accounting in preparing the annual financial statements. 1.3 Debtors Short-term debtors are measured at transaction price, less any impairment. 1.4 Creditors Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. 1.5 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 and loans to related parties. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings. 1.6 Operating leases All existing leases are operating leases. Their annual rentals are charged to the Statement of Income and Retained Earnings on a straight-line basis over the term of the lease. 1.7 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 the Statement of Income and Retained Earnings 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. 1.8 Current and deferred taxation The tax expense for the year comprises current and deferred tax. Tax is recognised in Statement of Income and Retained Earnings 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 Statement of Financial Position, 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.

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	24	21