ACCOUNTS - Final Accounts preparation

The turnover and loss before taxation are attributable to the one principal activity of the Group.

An analysis of turnover by class of business is as follows:

Registered number: 02305512

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

COMPANY INFORMATION

Directors	B P Jones
	M J Hennessy
	C G Smith


Company secretary	C G Smith


Registered number	02305512


Registered office	Cedar House
	Ancells Road
	Fleet
	Hampshire
	GU51 2UN


Independent auditors	Shaw Gibbs (Audit) Limited
	Statutory Auditor
	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

CONTENTS

	Page
Group strategic report	1 - 2
Directors' report	3 - 4
Independent auditors' report	5 - 8
Consolidated statement of comprehensive income	9
Consolidated statement of financial position	10 - 11
Company statement of financial position	12 - 13
Consolidated statement of changes in equity	14
Company statement of changes in equity	15
Consolidated statement of cash flows	16 - 17
Consolidated analysis of net debt	18
Notes to the financial statements	19 - 41

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 30 JUNE 2025

Introduction

The directors present the strategic report for the year ended 30th June 2025.
We aim to present a balanced and comprehensive review of the development and performance of our business during the year and its position at the year end. Our review is consistent with the size and nature of our business and is written in the context of the risks and uncertainties we face.

Business review

The group is engaged in the development, sales, implementation, training, and support of packaged computer software. In addition, the group undertakes the development of bespoke software for businesses of all sizes in a range of industries. For more information see www.nolanbusinesssolutions.com
The group has shown a reduction in sales to £5,866,835 from £6,057,443 in the prior year. Staff, and related costs and ongoing investment in new products remain a major factor affecting profitability. Profit after tax has increased to £524,004 from £290,050 in the prior year.
It is expected that the group will continue to show growth in the following year as opportunities continue to present themselves and new products that have been developed over the year continue to grow customer base.

Principal risks and uncertainties

There is continued pressure on our research and development efforts, and ensuring we deliver innovation in our current products and creating new products. We started introducing AI into our products and internal working practises to take advantage of this new technology to bring benefit to our customers.

Financial key performance indicators

The directors regard the key performance indicators to be sales, profitability, and cash flow. As can be seen from the financial statements, sales have decreased from the prior year by 3%. Profitability has increased by 81% when calculated from the prior year’s profit. The group has continued to monitor and maintain appropriate cash flows and have achieved this with a net decrease in cash flows of £136,181 from the prior year.

Other key performance indicators

Nolan tracks utilisation KPI's for our chargeable resources. For our development, consultancy and project management teams the utilisation was on or above target levels, ensuring we maintain high levels of customer satisfaction by delivering successful projects.

Page 1

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

GROUP STRATEGIC REPORT (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

Directors' statement of compliance with duty to promote the success of the Group

Introduction
The directors of Nolan Business Solutions Plc are committed to promoting the Company's success for the benefit of its members, considering the interests of all stakeholders as per Section 172 of the Companies Act 2006.
Stakeholder Engagement
• Employees: Engaged through meetings, surveys, and training programs to support their growth and well- being.
• Customers: Conducted satisfaction surveys and focus groups to inform product development and service improvements.
• Suppliers: Maintained open communication and ethical sourcing practices.
• Community and Environment: Launched initiatives to reduce our carbon footprint and support local projects where possible.
• Shareholders: Provided transparent updates and detailed financial reports.
Decision-Making and Long-Term Impact
Key decisions include:
• Investment in Technology: Enhancing product offerings and operational efficiency.
• Sustainability Initiatives: Reducing environmental impact through sustainable practices.
• Employee Well-being: Introducing health and wellness programs.
Conclusion
The directors are dedicated to acting in the best interests of the Company and its stakeholders, promoting long-term success while considering broader impacts.

This report was approved by the board and signed on its behalf.

M J Hennessy

Director

Date: 15 December 2025

Page 2

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

DIRECTORS' REPORT

FOR THE YEAR ENDED 30 JUNE 2025

The directors present their report and the financial statements for the year ended 30 June 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Group's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activity

The principal activities of the Group and the Company are the sale of software applications and the provision of software support and maintenance services.

Results and dividends

The profit for the year, after taxation, amounted to £524,004 (2024 - £290,050).

Interim dividends were paid amounting to £300,099 (2024: £300,099). The directors do not recommend payment of a final dividend.

Directors

The directors who served during the year were:

B P Jones

M J Hennessy

C G Smith

Future developments

Continue to invest in new products and improving our existing products and to build upon our existing Dynamics Business Central and Oracle NetSuite practices.

Page 3

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

Financial instruments

We own Cedar House outright and hold investments to counter any risks in these areas.

Research and development activities

The Group continues to maintain research and development in the field of software applications. Research and development costs incurred in the year continue to be expensed to the profit and loss account.

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company and the Group's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Group since the year end.

Auditors

The auditors, Shaw Gibbs (Audit) Limited, will be proposed for reappointment in accordance with section 489 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

M J Hennessy

Director

Date: 15 December 2025

Page 4

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

Opinion

We have audited the financial statements of Nolan Business Solutions Public Limited Company (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 30 June 2025, which comprise the Consolidated statement of comprehensive income, the Consolidated Statement of Financial Position, the Company Statement of Financial Position, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Group's and of the parent Company's affairs as at 30 June 2025 and of the Group's profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Page 5

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Group strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Group strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept by the parent Company, or returns adequate for our audit have not been received from branches not visited by us; or

∙the parent Company financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Page 6

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY (CONTINUED)

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Group's and the parent Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or the parent Company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the Group and Company and the industry in which it operates, and considered the risk of acts by the Group and Company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation.
Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 7

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY (CONTINUED)

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Mark Dickinson FCA (Senior statutory auditor)

for and on behalf of

Shaw Gibbs (Audit) Limited

Statutory Auditor

Wey Court West

Union Road

Farnham

Surrey

GU9 7PT

15 December 2025

Page 8

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 JUNE 2025

	2025	2024
Note	£	£


Turnover	4	5,866,835	6,057,443
Cost of sales		(2,633,545)	(3,058,332)
Gross profit		3,233,290	2,999,111
Administrative expenses		(2,795,629)	(2,971,388)
Other operating income		73,762	58,624
Fair value movements		208,110	157,496
Operating profit		719,533	243,843
Income from fixed assets investments	9	16,917	13,947
Interest receivable and similar income	10	7,658	6,879
Interest payable and similar expenses	11	-	(2,324)
Profit before taxation	5	744,108	262,345
Tax on profit	12	(220,104)	27,705
Profit for the financial year		524,004	290,050


Other comprehensive income for the year	-	-
Currency translation differences	(25,724)	(42,028)
Total comprehensive income for the year	498,280	248,022

There were no recognised gains and losses for 2025 or 2024 other than those included in the consolidated statement of comprehensive income.

The notes on pages 19 to 41 form part of these financial statements.

Page 9

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

REGISTERED NUMBER: 02305512

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2025

		2025		2024
Note		£		£

Fixed assets
Intangible fixed assets	15		5,556		8,222
Tangible fixed assets	16		644,558		646,674
Fixed asset investments	17		1,618,988		1,229,282
Investment property	18		657,805		657,805
			2,926,907		2,541,983
Current assets
Debtors: amounts falling due within one year	19	1,307,980		1,375,266
Cash at bank and in hand		684,588		820,769
		1,992,568		2,196,035
Creditors: amounts falling due within one year	21	(3,280,531)		(3,385,002)
Net current liabilities			(1,287,963)		(1,188,967)
Total assets less current liabilities			1,638,944		1,353,016
Provisions for liabilities
Deferred taxation	23	(163,781)		(76,034)
			(163,781)		(76,034)
Net assets			1,475,163		1,276,982

Capital and reserves
Called up share capital	24	50,100	50,100
Other reserves	25	679,054	470,944
Merger reserve		33,959	33,959
Profit and loss account		712,050	721,979
Equity attributable to owners of the parent Company		1,475,163	1,276,982

Page 10

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

REGISTERED NUMBER: 02305512

CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 JUNE 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M J Hennessy

Director

Date: 15 December 2025

The notes on pages 19 to 41 form part of these financial statements.

Page 11

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

REGISTERED NUMBER: 02305512

COMPANY STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2025

		2025		2024
Note		£		£

Fixed assets
Intangible fixed assets	15		5,556		8,222
Tangible assets	16		636,292		639,992
Investments	17		1,619,037		1,229,382
Investment property	18		657,805		657,805
			2,918,690		2,535,401
Current assets
Debtors: amounts falling due within one year	19	1,148,497		1,208,913
Cash at bank and in hand		525,413		636,891
		1,673,910		1,845,804
Creditors: amounts falling due within one year	21	(3,378,196)		(3,359,900)
Net current liabilities			(1,704,286)		(1,514,096)
Total assets less current liabilities			1,214,404		1,021,305

Provisions for liabilities
Deferred taxation	23	(163,781)		(76,034)
			(163,781)		(76,034)
Net assets excluding pension asset			1,050,623		945,271
Net assets			1,050,623		945,271

Capital and reserves
Called up share capital	24	50,100	50,100
Other reserves	25	679,054	470,944
Profit and loss account		321,469	424,227
		1,050,623	945,271

Page 12

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

REGISTERED NUMBER: 02305512

COMPANY STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 JUNE 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M J Hennessy

Director

Date: 15 December 2025

The notes on pages 19 to 41 form part of these financial statements.

Page 13

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 JUNE 2025

	Called up share capital	Other reserves	Merger reserve	Profit and loss account	Total equity
	£	£	£	£	£
At 1 July 2023 (as previously stated)	50,100	313,448	33,959	769,552	1,167,059
Prior year adjustment - correction of error	-	-	-	162,000	162,000
At 1 July 2023 (as restated)	50,100	313,448	33,959	931,552	1,329,059

Profit for the year	-	-	-	290,050	290,050
Currency translation differences	-	-	-	(42,028)	(42,028)
Dividends: Equity capital	-	-	-	(300,099)	(300,099)
Transfer to/from profit and loss account	-	157,496	-	(157,496)	-

At 1 July 2024	50,100	470,944	33,959	721,979	1,276,982

Profit for the year	-	-	-	524,004	524,004
Currency translation differences	-	-	-	(25,724)	(25,724)
Dividends: Equity capital	-	-	-	(300,099)	(300,099)
Transfer to/from profit and loss account	-	208,110	-	(208,110)	-
At 30 June 2025	50,100	679,054	33,959	712,050	1,475,163

The notes on pages 19 to 41 form part of these financial statements.

Page 14

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 JUNE 2025

	Called up share capital	Other reserves	Profit and loss account	Total equity
	£	£	£	£
At 1 July 2023	50,100	313,448	783,624	1,147,172

Profit for the year	-	-	98,198	98,198
Dividends: Equity capital	-	-	(300,099)	(300,099)
Transfer to/from profit and loss account	-	157,496	(157,496)	-

At 1 July 2024	50,100	470,944	424,227	945,271

Profit for the year	-	-	405,451	405,451
Dividends: Equity capital	-	-	(300,099)	(300,099)
Transfer to/from profit and loss account	-	208,110	(208,110)	-
At 30 June 2025	50,100	679,054	321,469	1,050,623

The notes on pages 19 to 41 form part of these financial statements.

Page 15

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2025

			2025	2024
			£	£

Cash flows from operating activities
Profit for the financial year	524,004	290,050
Adjustments for:
Amortisation of intangible assets	2,667	1,778
Depreciation of tangible assets	6,118	87,132
Loss on disposal of tangible assets	3,176	16,667
Interest paid	-	2,324
Interest received	(24,568)	(9,213)
Taxation charge	220,104	(29,493)
(Increase)/decrease in debtors	(54,184)	238,066
(Decrease) in creditors	(231,308)	(205,558)
Net fair value (gains) recognised in P&L	(389,706)	(157,496)
Corporation tax received/(paid)	115,950	(45,000)
Foreign exchange	(25,724)	(48,353)
Net cash generated from operating activities	146,529	140,904

Cash flows from investing activities
Purchase of intangible fixed assets	-	(10,000)
Purchase of tangible fixed assets	(7,179)	(4,586)
Interest received	7,651	6,879
Dividends received	16,917	-
Net cash from investing activities	17,389	(7,707)
Cash flows from financing activities
Repayment of loans	-	(22,584)
Dividends paid	(300,099)	(300,099)
Interest paid	-	(2,324)
Net cash used in financing activities	(300,099)	(325,007)
Net (decrease) in cash and cash equivalents	(136,181)	(191,810)
Cash and cash equivalents at beginning of year	820,769	1,012,579
Cash and cash equivalents at the end of year	684,588	820,769

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NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

		2025	2024
		£	£

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	684,588	820,769
	684,588	820,769

The notes on pages 19 to 41 form part of these financial statements.

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NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

CONSOLIDATED ANALYSIS OF NET DEBT

FOR THE YEAR ENDED 30 JUNE 2025


At 1 July 2024	Cash flows	At 30 June 2025
£	£	£

Cash at bank and in hand	820,769	(136,181)	684,588
Debt due within 1 year	-	-	-
	820,769	(136,181)	684,588

The notes on pages 19 to 41 form part of these financial statements.

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NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1.	General information

Nolan Business Solutions Public Limited Company (02305512) is a public company limited by shares and registered in England and Wales. The Company's registered office address is Cedar House, Ancells Road, Fleet, Hampshire, GU51 2UN.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.

The following principal accounting policies have been applied:

2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of financial position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.

Page 19

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.3

Going concern

The directors of Nolan Business Solutions Plc have assessed the Company's ability to continue as a going concern. This assessment involved a thorough review of the Company's financial position, cash flow forecasts, and the potential impact of current and anticipated economic conditions.
Based on this review, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.
The directors have considered various factors in their assessment, including:
1. Financial Performance: The Company has demonstrated consistent revenue growth and profitability over the past financial years.
2. Liquidity and Cash Flow: The Company maintains a strong liquidity position with sufficient cash reserves.
3. Market Conditions: Despite economic uncertainties, the Company has a diversified client base and a robust business model that mitigates significant market risks.
4. New Product Launch: The Company launched a new product, which is expected to drive additional revenue and strengthen its market position.
5. Risk Management: Effective risk management strategies are in place to address potential challenges and uncertainties.
The directors are confident that the Company will be able to meet its obligations as they fall due and continue to operate successfully.

2.4

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

On consolidation, the results of overseas operations are translated into Sterling at rates approximating to those ruling when the transactions took place. All assets and liabilities of overseas operations are translated at the rate ruling at the reporting date. Exchange differences arising on translating the opening net assets at opening rate and the results of overseas operations at actual rate are recognised in other comprehensive income.

Page 20

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.5

Revenue

Revenue is measured at the value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.
Revenue is split into two key revenue streams:
- Subscription revenues, which are recurring in nature and include combined software/support contracts, maintenance and support; and
- Software and software related services revenue, which includes software licences, sales of professional services including software development and consultancy, business forms, hardware and training.
Subscription revenue is recognised on a straight-line basis over the term of the subscription contract (including non-specified upgrades when included). Revenue not recognised in the profit and loss account under this policy is classified as deferred income in the balance sheet.
Software revenue is recognised on the date of the sale once the Group and Company has transferred the risks and rewards of the ownership of the licence.

2.6

Operating leases: the Group as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

2.7

Interest income

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

2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.9

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group 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 Group in independently administered funds.

Page 21

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 and the Group operate and generate 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;

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

∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

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.

Page 22

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.11

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Goodwill

months

2.12

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as below.

Depreciation is provided on the following basis:

Freehold property	-	2% - 10% straight line
Plant and machinery	-	25% reducing balance
Fixtures, fittings and equipment	-	25% reducing balance
Motor vehicles	-	25% reducing balance

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.

Page 23

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.13

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.14

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.15

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.16

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Consolidated statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

2.17

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.18

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.19

Financial instruments

The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Group's Statement of financial position when the Group becomes party to the contractual provisions of the instrument.

Page 24

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.19

Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

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 Group after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a

Page 25

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.19

Financial instruments (continued)

market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

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

2.20

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.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the Group's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
Split of freehold land and buildings between tangible fixed assets and investment property
The directors have reviewed the classification of the freehold land and buildings between investment property and tangible fixed assets and consider that the split and classification is appropriate.
Fair value of the investment property
The directors have reviewed the valuation of the investment property held and consider the valuation in the financial statements to appropriately reflect the fair value at the year end.
Bad debts provision
The directors have reviewed the trade debtor balance due to the Group and consider that the current provision is appropriate.

Page 26

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Sales and support of software	5,866,835	6,057,443
	5,866,835	6,057,443

Analysis of turnover by country of destination:

					2025	2024
					£	£

United Kingdom	3,633,882	3,850,639
Europe	139,672	115,757
United States of America	1,891,772	1,885,081
Australia	60,806	75,002
Rest of World	140,703	130,964
	5,866,835	6,057,443

Exchange differences	(11,842)	(5,242)
Depreciation	6,118	87,132
(Profit)/loss on disposal of fixed assets	3,543	9,019
	21,503	101,393

Page 27

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Fees payable to the Company's auditors and their associates for the audit of the consolidated and parent Company's financial statements	21,367	22,000
Fees payable to the Company's auditors and their associates in respect of:
All non-audit services not included above	8,808	2,350

7.	Employees
	Staff costs, including directors' remuneration, were as follows:

Group	Group	Company	Company
2025	2024	2025	2024
£	£	£	£


Wages and salaries	3,470,430	3,940,177	2,311,010	2,683,365
Social security costs	342,473	367,899	263,884	285,235
Cost of defined contribution scheme	125,579	130,166	102,097	107,486
	3,938,482	4,438,242	2,676,991	3,076,086

The average monthly number of employees, including the directors, during the year was as follows:

	Group	Group	Company	Company
	2025	2024	2025	2024
	No.	No.	No.	No.

Management, administrative and technical	52	59	39	46

Page 28

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

8.	Directors' remuneration
		2025	2024
		£	£

Directors' emoluments	420,151	450,549
Group contributions to defined contribution pension schemes	32,850	31,350
	453,001	481,899

	During the year retirement benefits were accruing to 3 directors (2024 - 3) in respect of defined contribution pension schemes.
	The highest paid director received remuneration of £180,000 (2024 - £221,923).
	The value of the Group's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £5,400 (2024 - £5,400).

9.	Income from investments
		2025	2024
		£	£

Income from fixed asset investments	16,917	13,947
	16,917	13,947

10.	Interest receivable
		2025	2024
		£	£

	Other interest receivable	7,658	6,879
		7,658	6,879

11.	Interest payable and similar expenses
		2025	2024
		£	£

Bank interest payable	-	(373)
Other interest payable	-	2,697
	-	2,324

Page 29

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Corporation tax
Current tax on profits for the year	63,282	-
Adjustments in respect of previous periods	-	(29,493)
	63,282	(29,493)
Foreign tax
Foreign tax on income for the year	69,075	1,788
	69,075	1,788
Total current tax	132,357	(27,705)

Deferred tax
Origination and reversal of timing differences	87,747	-
Total deferred tax	87,747	-


	Tax on profit	220,104	(27,705)

Page 30

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

12.Taxation (continued)

Profit on ordinary activities before tax

744,108

262,345

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	186,027	65,586
Effects of:
Non-tax deductible amortisation of goodwill and impairment	667	445
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	(14,949)	4,857
Capital allowances for year in excess of depreciation	707	21,216
Other timing differences leading to an increase (decrease) in taxation	4,458	(76,948)
Non-taxable income	(44,553)	(42,861)
Deferred tax movement	87,747	-
Total tax charge for the year	220,104	(27,705)

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

13.	Dividends
		2025	2024
		£	£

Ordinary
Dividends paid	300,099	300,099
	300,099	300,099

14.	Parent company profit for the year

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements. The profit after tax of the parent Company for the year was £405,451 (2024 - £98,198).

Page 31

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

15.	Intangible assets
	Group

		Goodwill
		£
	Cost
	At 1 July 2024	221,333
	At 30 June 2025	221,333
	Amortisation
	At 1 July 2024	213,111
	Charge for the year on owned assets	2,667
	At 30 June 2025	215,778
	Net book value
	At 30 June 2025	5,555
	At 30 June 2024	8,222

Page 32

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

15.Intangible assets (continued)

	Company

		Goodwill
		£
	Cost
	At 1 July 2024	221,333
	At 30 June 2025	221,333
	Amortisation
	At 1 July 2024	213,111
	Charge for the year	2,667
	At 30 June 2025	215,778
	Net book value
	At 30 June 2025	5,555
	At 30 June 2024	8,222

Page 33

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

16.	Tangible fixed assets
	Group

	Freehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£	£
Cost or valuation
At 1 July 2024	1,029,932	156,406	89,013	49,173	1,324,524
Additions	425	(1,044)	4,952	2,847	7,180
Disposals	-	(11,559)	-	-	(11,559)
At 30 June 2025	1,030,357	143,803	93,965	52,020	1,320,145
Depreciation
At 1 July 2024	466,616	101,931	72,673	36,630	677,850
Charge for the year on owned assets	6,726	5,637	(10,115)	3,870	6,118
Disposals	-	(8,383)	-	-	(8,383)
At 30 June 2025	473,342	99,185	62,558	40,500	675,585
Net book value
At 30 June 2025	557,015	44,618	31,407	11,520	644,560
At 30 June 2024	563,316	54,475	16,340	12,543	646,674

Page 34

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

16.Tangible fixed assets (continued)

	Company

	Freehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£	£
Cost or valuation
At 1 July 2024	1,029,932	140,788	89,013	49,173	1,308,906
Additions	425	(2,629)	4,952	2,847	5,595
Disposals	-	(11,559)	-	-	(11,559)
At 30 June 2025	1,030,357	126,600	93,965	52,020	1,302,942
Depreciation
At 1 July 2024	466,616	92,995	72,673	36,630	668,914
Charge for the year on owned assets	6,726	5,637	(10,115)	3,870	6,118
Disposals	-	(8,383)	-	-	(8,383)
At 30 June 2025	473,342	90,249	62,558	40,500	666,649
Net book value
At 30 June 2025	557,015	36,351	31,407	11,520	636,293
At 30 June 2024	563,316	47,793	16,340	12,543	639,992

Page 35

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

17.	Fixed asset investments
	Group

		Listed investments
		£
	Cost or valuation
	At 1 July 2024	1,229,282
	Additions	251,667
	Foreign exchange movement	(70,072)
	Revaluations	208,110
	At 30 June 2025	1,618,987

	Company

	Investments in subsidiary companies	Listed investments	Total
	£	£	£
Cost or valuation
At 1 July 2024	100	1,229,282	1,229,382
Additions	-	251,667	251,667
Disposals	(50)	-	(50)
Foreign exchange movement	-	(70,072)	(70,072)
Revaluations	-	208,110	208,110
At 30 June 2025	50	1,618,987	1,619,037

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Registered office	Principal activity	Class of shares	Holding

Nolan Business Applications Inc
(formerly Nolan Business Solutions Inc)

USA

Sale and support of software applications

Ordinary

100%

Nolan Business Solutions Pty was dissolved during the year.

Page 36

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

18.	Investment property
	Group

		Investment property
		£
	Valuation
	At 1 July 2024	657,805
	At 30 June 2025	657,805

	Comprising
	Cost (less depreciation at transfer)	272,165
	Annual revaluation surplus/(deficit):
	2023 and earlier	178,796
	2024	206,844
	At 30 June 2025	657,805

The 2025 valuations were made by the directors, on an open market value for existing use basis.

	Company

		Investment property
		£
	Valuation
	At 1 July 2024	657,805
	At 30 June 2025	657,805

The 2025 valuations were made by the directors, on an open market value for existing use basis.

Page 37

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

19.

Debtors

Group	Group	Company	Company
2025	2024	2025	2024
£	£	£	£


Trade debtors	857,031	829,530	732,736	680,299
Other debtors	1,366	124,920	1,366	124,920
Prepayments and accrued income	449,583	420,816	414,395	403,694
	1,307,980	1,375,266	1,148,497	1,208,913

20.	Cash and cash equivalents
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Cash at bank and in hand	684,588	820,769	525,413	636,891
	684,588	820,769	525,413	636,891

21.	Creditors: Amounts falling due within one year
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Trade creditors	165,354	164,319	145,351	160,371
Amounts owed to group undertakings	-	-	1,009,006	993,606
Corporation tax	59,482	1,719	59,482	-
Other taxation and social security	233,522	206,726	233,522	206,726
Other creditors	483,093	483,042	457,609	469,085
Accruals and deferred income	2,339,080	2,529,196	1,473,226	1,530,112
	3,280,531	3,385,002	3,378,196	3,359,900

Page 38

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

22.	Financial instruments
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Financial assets
Debt instruments measured at amortised cost	1,542,985	1,715,436	1,259,515	1,416,974
Equity instruments measured at fair value through profit and loss	1,618,987	1,229,282	1,618,987	1,229,282
	3,161,972	2,944,718	2,878,502	2,646,256

	Financial liabilities
	Measured at amortised cost	1,663,724	1,587,118	1,774,138	1,798,386

23.	Deferred taxation
	Group

		2025
		£

	At beginning of year	(76,034)
	Charged to profit or loss	(87,747)
	At end of year	(163,781)

Page 39

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

23.Deferred taxation (continued)

Company

		2025
		£

	At beginning of year	(76,034)
	Charged to profit or loss	(87,747)
	At end of year	(163,781)

The provision for deferred taxation is made up as follows:
	Group	Group	Company	Company
	2025	2024	2025	2024
	£	£	£	£

Accelerated capital allowances	(4,925)	(5,411)	(4,925)	(5,411)
Short term timing differences	4,476	-	4,476	-
Revaluations	(163,332)	(70,623)	(163,332)	(70,623)
	(163,781)	(76,034)	(163,781)	(76,034)

24.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

50,100 (2024 - 50,100) Ordinary shares of £1.00 each	50,100	50,100

25.

Reserves

Other reserves

Other reserves are the fair value reserve.

26.	Pension commitments

The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £125,579 (2024 - £130,166). Contributions totalling £17,905 (2024 - £nil) were payable to the fund at the reporting date and are included in creditors.

Page 40

NOLAN BUSINESS SOLUTIONS PUBLIC LIMITED COMPANY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

27.	Leasing agreements
	At 30 June 2025 the Group and the Company had contracted with tenants for the following minimum lease payments:
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Not later than 1 year	21,653	23,245	21,653	23,245
Later than 1 year and not later than 5 years	-	21,653	-	21,653
	21,653	44,898	21,653	44,898

28.	Transactions with directors

Dividends totalling £147,049 (2024 - £147,049) were paid in the year in respect of shares held by the Company's directors.
At the year end the Company owed a director £272,554 (2024 - £272,554).

29.	Related party transactions
	Included in creditors at the year end is an amount of £102,034 (2024 - £102,034) owed to a shareholder. The directors are considered key management personnel and their remuneration is disclosed in note 8.

30.	Controlling party

The ultimate controlling party is T K Nolan, majority shareholder.

Page 41