Assured Digital Technologies Limited

	Page
Directors' Report	1
Consolidated Profit and Loss Account	2
Consolidated Balance Sheet	3—4
Company Balance Sheet	5—6
Consolidated Statement of Changes in Equity	7
Company Statement of Changes in Equity	8
Notes to the Financial Statements	9—15

The directors present their report and the financial statements for the year ended 31 March 2025.

Directors

The directors who held office during the year were as follows:

G Trujillo
S Jacobs
P Dawson	Appointed	27/11/2024
A Khataee	Resigned	15/05/2025

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the 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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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 the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company and group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and 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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

On behalf of the board

G Trujillo

Director

17 December 2025

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Assured Digital Technologies Limited

Consolidated Profit and Loss Account

For The Year Ended 31 March 2025

Consolidated Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER		5,336,480	4,992,160
Cost of sales		(2,948,838 )	(2,833,411 )

GROSS PROFIT		2,387,642	2,158,749

Administrative expenses		(2,117,212 )	(2,223,380 )

OPERATING PROFIT/(LOSS)		270,430	(64,631 )
Profit on disposal of fixed assets		-	38
Other interest receivable and similar income		8,177	1,743
Interest payable and similar charges		(51,007 )	(65,401 )

PROFIT/(LOSS) BEFORE TAXATION		227,600	(128,251 )
Tax on Profit/(loss)		(70,558 )	(54,879 )

PROFIT/(LOSS) AFTER TAXATION BEING PROFIT/(LOSS) FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT		157,042	(183,130 )

The notes on pages 9 to 15 form part of these financial statements.

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Assured Digital Technologies Limited

Consolidated Balance Sheet

As At 31 March 2025

Consolidated Balance Sheet

Registered number: 12487728

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		548,007		662,409
Tangible Assets	5		37,248		65,618
Investments	6		1		1

			585,256		728,028
CURRENT ASSETS
Debtors	7	1,286,266		1,136,656
Cash at bank and in hand		949,851		462,836

		2,236,117		1,599,492
Creditors: Amounts Falling Due Within One Year	8	(2,712,898 )		(1,649,631 )

NET CURRENT ASSETS (LIABILITIES)			(476,781 )		(50,139 )

TOTAL ASSETS LESS CURRENT LIABILITIES			108,475		677,889

Creditors: Amounts Falling Due After More Than One Year	9		(195,089 )		(921,545 )

NET LIABILITIES			(86,614 )		(243,656 )

CAPITAL AND RESERVES
Called up share capital	10		102		102
Profit and Loss Account			(86,716 )		(243,758 )

SHAREHOLDERS' FUNDS			(86,614)		(243,656)

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Assured Digital Technologies Limited

Consolidated Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit 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 financial statements were approved by the board of directors on 17 December 2025 and were signed on its behalf by:

G Trujillo

Director

The notes on pages 9 to 15 form part of these financial statements.

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Assured Digital Technologies Limited

Company Balance Sheet

As At 31 March 2025

Company Balance Sheet

Registered number: 12487728

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		37,247		65,130
Investments	6		1,696,155		1,700,155

			1,733,402		1,765,285
CURRENT ASSETS
Debtors	7	604,916		375,332
Cash at bank and in hand		36,290		224,870

		641,206		600,202
Creditors: Amounts Falling Due Within One Year	8	(1,491,778 )		(860,275 )

NET CURRENT ASSETS (LIABILITIES)			(850,572 )		(260,073 )

TOTAL ASSETS LESS CURRENT LIABILITIES			882,830		1,505,212

Creditors: Amounts Falling Due After More Than One Year	9		(193,422 )		(909,878 )

PROVISIONS FOR LIABILITIES
Provisions For Charges			-		(10,778 )

NET ASSETS			689,408		584,556

CAPITAL AND RESERVES
Called up share capital	10		102		102
Profit and Loss Account			689,306		584,454

SHAREHOLDERS' FUNDS			689,408		584,556

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Assured Digital Technologies Limited

Company Balance Sheet (continued)

As At 31 March 2025

In accordance with section 408(3) of the Companies Act 2006, the company has not presented its own profit and loss account and the related notes. The company's profit for the year was £ 104,852 (2024: £ 14,574 profit).

For the year ending 31 March 2025 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 17 December 2025 and were signed on its behalf by:

G Trujillo

Director

The notes on pages 9 to 15 form part of these financial statements.

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Assured Digital Technologies Limited

Consolidated Statement of Changes in Equity

For The Year Ended 31 March 2025

Consolidated Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 April 2023	96	(60,628 )	(60,532)
Loss for the year and total comprehensive income	-	(183,130 )	(183,130)

Arising on shares issued during the period	6	-	6

As at 31 March 2024 and 1 April 2024	102	(243,758 )	(243,656)


Profit for the year and total comprehensive income	-	157,042	157,042

As at 31 March 2025	102	(86,716 )	(86,614)

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Assured Digital Technologies Limited

Company Statement of Changes in Equity

For The Year Ended 31 March 2025

Company Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 April 2023	96	569,880	569,976
Profit for the year and total comprehensive income	-	14,574	14,574

Arising on shares issued during the period	6	-	6

As at 31 March 2024 and 1 April 2024	102	584,454	584,556


Profit for the year and total comprehensive income	-	104,852	104,852

As at 31 March 2025	102	689,306	689,408

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Assured Digital Technologies Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Assured Digital Technologies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12487728 . The registered office is The Quorum, Bond Street South, Bristol, BS1 3AE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Basis Of Consolidation

The group consolidated financial statements include the financial statements of the company and all of its subsidiary undertakings together with the group’s share of the results of associates made up to 31 March 2025.

As a consolidated profit and loss account is published, a separate profit and loss account for the parent company is omitted from the group financial statements by virtue of section 408 of the Companies Act 2006.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where the group owns less than 50% of the voting powers of an entity but controls the entity by virtue of an agreement with other investors which give it control of the financial and operating policies of the entity, it accounts for that entity as a subsidiary.

Where a subsidiary has different accounting policies to the group, adjustments are made to those subsidiary financial statements to apply the group’s accounting policies when preparing the consolidated financial statements.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the group holds a long-term interest and where the group has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. The results of associates are accounted for using the equity method of accounting.

Any subsidiary undertakings or associates sold or acquired during the year are included up to, or from, the dates of change of control or change of significant influence respectively.

Where control of a subsidiary is lost, the gain or loss is recognised in the consolidated income statement. The cumulative amounts of any exchange differences on translation, recognised in equity, are not included in the gain or loss on disposal and are transferred to retained earnings. The gain or loss also includes amounts included in other comprehensive income that are required to be reclassified to profit or loss but excludes those amounts that are not required to be reclassified.

Where control of a subsidiary is achieved in stages, the initial acquisition that gave the group control is accounted for as a business combination. Thereafter where the group increases its controlling interest in the subsidiary the transaction is treated as a transaction between equity holders. Any difference between the fair value of the consideration paid and the carrying amount of the non-controlling interest acquired is recognised directly in equity. No changes are made to the carrying value of assets, liabilities or provisions for contingent liabilities.

2.3. Business Combinations

Business combinations are accounted for by applying the purchase method.

The cost of a business combination is the fair value of the consideration given, liabilities incurred or assumed and of equity instruments issued plus the costs directly attributable to the business combination. Where control is achieved in stages the cost is the consideration at the date of each transaction.

Contingent consideration is initially recognised at estimated amount where the consideration is probable and can be measured reliably. Where (i) the contingent consideration is not considered probable or cannot be reliably measured but subsequently becomes probable and measurable or (ii) contingent consideration previously measured is adjusted, the amounts are recognised as an adjustment to the cost of the business combination.

On acquisition of a business, fair values are attributed to the identifiable assets, liabilities and contingent liabilities unless the fair value cannot be measured reliably, in which case the value is incorporated in goodwill. Intangible assets are only recognised separately from goodwill where they are separable and arise from contractual or other legal rights. Where the fair value of contingent liabilities cannot be reliably measured they are disclosed on the same basis as other contingent liabilities.

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Assured Digital Technologies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.4. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

The directors consider the Group's forecasts and projections, taking into account expected levels of trading performance, which shows that the Group is expected to operate within the level of its current financing arrangements for the foreseeable future, being no less than 12 months from the date of approval of these financial statements.

In making their going concern assessment the directors have taken into consideration; the relationships with key customers and key suppliers, the balance sheet position and the financial performance and position of the Group. The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, and they therefore continue to adopt the going concern basis of accounting in preparing the annual financial statements.

2.5. Significant judgements and estimations

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

The key judgement that has a significant impact on the financial statements is in respect of going concern, as described above.

In the opinion of the directors, there are no key sources of estimation uncertainty as at 31 March 2025

2.6. Turnover

Turnover is measured at the fair value of the consideration received or receivable, and represents amounts receivable for services provided and goods supplied, stated net of discounts, returns and value added taxes.

Revenue for the company is derived from the provision of IT solutions and service across five technology pillars:

Scalable Cloud

Enhanced Workforce

Cybersecurity and Assurance

Enterprise networking

Managed Services and Support

Revenue is recognised when services are provided. Any income billed in advance is deferred and recognised in deferred income until the service has been provided.

2.7. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill represents the excess of the cost of a business combination over the fair value of the group’s share of the identifiable net assets, liabilities and contingent liabilities acquired.

Goodwill arising on the acquisition of subsidiaries is included in Intangible Assets. Goodwill arising on the acquisition of associates and joint ventures is included in the related equity accounted investment value.

Goodwill is amortised over its expected useful life which is estimated to be 10 years.

Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the profit and loss account. No reversals of impairment are recognised.

2.8. Tangible Fixed Assets and Depreciation

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Leasehold Improvements	over the term of the lease
Office Equipment	14% - 33%
Computer Equipment	14% - 33%

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Assured Digital Technologies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.9. Financial Instruments

Classification

The company holds the following financial instruments:

• Short term trade and other debtors and creditors;

• Bank loans; and

• Cash and bank balances.

All financial instruments are classified as basic.

Recognition and measurement

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2.10. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.11. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The group's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.12. Pensions

The group operates a defined pension contribution plan.

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

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Assured Digital Technologies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.13. Share Based Payments

The company operates an equity-settled, share-based compensation plan, under which the entity receives services from employees as consideration for equity instruments (options) of the entity. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period.

The estimated fair value of the option granted is calculated using the Black Scholes option pricing model. The total amount expensed is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.

3. Average Number of Employees

Group

Average number of employees, including directors, during the year was: 31 (2024: 34)

Company

Average number of employees, including directors, during the year was: 31 (2024: 34)

4. Intangible Assets

Group

	Goodwill
	£
Cost
As at 1 April 2024	1,229,015
Disposals	(129,000 )

As at 31 March 2025	1,100,015

Amortisation
As at 1 April 2024	566,606
Provided during the period	110,402
Disposals	(125,000 )

As at 31 March 2025	552,008

Net Book Value
As at 31 March 2025	548,007

As at 1 April 2024	662,409

Company

The company had no intangible fixed assets as at 31 March 2025 or 31 March 2024.

5. Tangible Assets

Group

	Leasehold Improvements	Office Equipment	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	70,596	34,341	385,948	490,885
Additions	-	528	6,974	7,502
Disposals	(15,446 )	(22,128 )	(286,540 )	(324,114 )

As at 31 March 2025	55,150	12,741	106,382	174,273

Depreciation
As at 1 April 2024	41,483	30,711	353,073	425,267

...CONTINUED

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Assured Digital Technologies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Provided during the period	17,358	1,580	16,714	35,652
Disposals	(15,446 )	(21,967 )	(286,481 )	(323,894 )

As at 31 March 2025	43,395	10,324	83,306	137,025

Net Book Value
As at 31 March 2025	11,755	2,417	23,076	37,248

As at 1 April 2024	29,113	3,630	32,875	65,618

Company

	Leasehold Improvements	Office Equipment	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	55,150	5,541	60,117	120,808
Additions	-	528	6,973	7,501
Disposals	-	(307 )	(173 )	(480 )

As at 31 March 2025	55,150	5,762	66,917	127,829

Depreciation
As at 1 April 2024	26,037	2,373	27,268	55,678
Provided during the period	17,358	1,118	16,688	35,164
Disposals	-	(145 )	(115 )	(260 )

As at 31 March 2025	43,395	3,346	43,841	90,582

Net Book Value
As at 31 March 2025	11,755	2,416	23,076	37,247

As at 1 April 2024	29,113	3,168	32,849	65,130

6. Investments

Group

	Subsidiaries
	£
Cost or Valuation
As at 1 April 2024	1

As at 31 March 2025	1

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	1

As at 1 April 2024	1

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Assured Digital Technologies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Company

	Subsidiaries
	£
Cost or Valuation
As at 1 April 2024	1,700,155
Disposals	(4,000 )

As at 31 March 2025	1,696,155

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	1,696,155

As at 1 April 2024	1,700,155

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered Office	Holding	Proportion of voting rights and shares held
			2025	2024
MDS Technologies Limited	The Quorum, Bond Street South, Bristol, BS1 3AE	Ordinary	100%	100%
Bristol IT Company Ltd	The Quorum, Bond Street South, Bristol, BS1 3AE	Ordinary	100%	100%

Subsidiary undertakings

MDS Technologies Limited

The principal activity of MDS Technologies Limited is to provide Assured Managed Cloud solutions, Co-Location, Infrastructure as a Service (IaaS) and Managed Services primarily to the UK Public Sector, Government and Systems Integrators.

Bristol IT Company Ltd

The principal activity of Bristol IT Company Ltd is providing Managed IT Services, Infrastructure support/reviews and migration to Microsoft services (including 365 and SharePoint). All services are primarily provided to the private sector.

7. Debtors

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Due within one year
Trade debtors	1,096,587	899,072	505,807	260,189
Prepayments and accrued income	182,391	228,826	99,109	113,988
Other debtors	7,288	8,758	-	1,155

	1,286,266	1,136,656	604,916	375,332

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Assured Digital Technologies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade creditors	543,588	982,384	198,511	428,099
Bank loans and overdrafts	10,000	10,000	-	-
Other loans	611,149	-	611,149	-
Amounts owed to group undertakings	-	-	188,873	191,690
Other creditors	1,368,562	601,286	362,798	180,679
Taxation and social security	179,599	55,961	130,447	59,807

	2,712,898	1,649,631	1,491,778	860,275

9. Creditors: Amounts Falling Due After More Than One Year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Bank loans	195,089	332,103	193,422	320,436
Other loans	-	589,442	-	589,442

	195,089	921,545	193,422	909,878

Bank loans

Bank loan of £193,422 represents a fully secured loan. Repayment is 48 months from the date of drawdown (being 9 August 2022), interest rate on the loan is 3.75% per annum over base rate.

Other loans

Other loans represent acquisition loan notes, plus any interest accrued on the loan notes. Repayment is 6 years from the date of acquisition (9 April 2020), interest rate on the loan notes is 5% per annum and is payable at the end of the term.

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	102	102

11. Ultimate Controlling Party

Assured Digital Technologies Limited is the parent company to the Group, and has no ultimate controlling related party.

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