REGISTERED NUMBER: 08784011 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Idomoo Uk Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Y Kalish

R Ela

REGISTERED OFFICE:

1-2 Charterhouse Mews

London

EC1M 6BB

REGISTERED NUMBER:

08784011 (England and Wales)

AUDITORS:

Anstey Bond LLP

Statutory Auditors &

Chartered Accountants

1-2 Charterhouse Mews

London

EC1M 6BB

FIXED ASSETS

Tangible assets

5

2,799

6,292

CURRENT ASSETS

Debtors

6

1,186,998

913,603

Cash at bank

43,177

375,483

1,230,175

1,289,086

CREDITORS

Amounts falling due within one year

7

(968,695

)

(1,055,333

)

NET CURRENT ASSETS

261,480

233,753

TOTAL ASSETS LESS CURRENT LIABILITIES

264,279

240,045

CAPITAL AND RESERVES

Called up share capital

1

1

Other reserves

83,656

69,658

Retained earnings

180,622

170,386

264,279

240,045

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

Y Kalish - Director

1.	STATUTORY INFORMATION

Idomoo Uk Ltd. 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

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the GBP (£) and have been prepared to the nearest whole £.

Going concern

The director has at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Idomoo LTD`s (the parent company) management examined its cash flow forecast for a period of 24 months from the date of the balance sheet and, in its assessment, the cash balance in its possession at the time of approval of the financial statements will enable its continued activity, according to the group`s budget, at least in the period for which the group examined the cash flow forecast.

The group has a number of financing sources that may serve its plans if necessary and include, inter alia, receiving a bank credit line from the bank and raising private or public capital. In light of the foregoing, in the assessment of the Group's management, the Group will be in a position to repay its existing and anticipated liabilities in the foreseeable future, when their maturity date arrives.

Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Revenue recognition

The company recognises revenue on the basis that it represents the transfer of promised goods or services to customers in an amount equivalent to the consideration to which the entity expects to be entitled to in exchange for those goods or services. The followings steps should be applied to determine this amount: 1. identify the contract(s) with a customer; 2. identify the performance obligations in the contract(s); 3. determine the transaction prices; 4. allocate the transactions price to the performance obligations in the contract; 5. recognise revenue when (or as) the entity satisfies a performance obligation.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 3 years straight line

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

In the company's financial statements, cash and cash equivalents includes cash on hand and deposits held with banks.

Trade and other debtors

Trade and other debtors are measured at transaction price less any impairment for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are obligations to pay for services that have been acquired in the ordinary course of business and are measured at historical cost. Accrued expenses are recognised when the amount can be measured reliably.

Employee share option scheme

The company operates an employee share option scheme. Share-based payment transactions are recognised as an expense in the profit and loss account over the vesting period based on the fair value of the options granted.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4.	AUDITORS' REMUNERATION

Auditors remuneration for the year ended 31 December 2024 amounted to £9,000 (2023 : £9,000).

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

14,606

Additions

424

At 31 December 2024

15,030

DEPRECIATION

At 1 January 2024

8,314

Charge for year

3,917

At 31 December 2024

12,231

NET BOOK VALUE

At 31 December 2024

2,799

At 31 December 2023

6,292

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

160

15,628

Amounts owed by group undertakings

1,166,375

876,955

Other debtors

20,463

21,020

1,186,998

913,603

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

326

12,000

Amounts owed to group undertakings

400,315

393,375

Taxation and social security

84,342

93,509

Other creditors

483,712

556,449

968,695

1,055,333

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Colin Ellis FCCA CF (Senior Statutory Auditor)

for and on behalf of Anstey Bond LLP

9.	RELATED PARTY DISCLOSURES

During the year, the company was invoiced by Idomoo Israel Limited £179,357 (2023: £150,346), the ultimate controlling party, for services. These services were in relation to distribution fees and marketing contribution. Additional to these invoiced services, an amount of £7,852 (2023: £128,650) has been provided for in relation to services provided but not yet invoiced. As at the year end date the balance due from Idomoo Israel Limited amounted to £1,166,375 (2023: £876,955).

As at the year end date the balance due to Idomoo Inc a related company amounted to £400,315 (2023: £393,375).

10.	ULTIMATE CONTROLLING PARTY

Idomoo Israel Limited is the Ultimate Controlling Party by virtue of the Shareholdings.