Robotical Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Robotical Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC524016 . The registered office is Suite C1, First Floor Stanhope House, 12 Stanhope Place, Edinburgh, EH12 5HH.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Patents, trademarks and licences - Amortised over 20 years

2.4. Research and Development

Research expenditure is written off in the period in which it is incurred.

Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met:

It is technically feasible to complete the intangible asset so that it will be available for use or sale;
There is the intention to complete the intangible asset and use or sell it;
There is the ability to use or sell the intangible asset;
The use or sale of the intangible asset will generate probable future economic benefits;
There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and
The expenditure attributable to the intangible asset during its development can be measured reliably.

Expenditure that does not meet the above criteria is expensed as incurred.

Development costs will be amortised once the project has been completed. They will be amortised over their expected life of 20 years.

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Robotical Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	3 years straight line
Fixtures & Fittings	3 years straight line
Computer Equipment	3 years straight line

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. 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.

2.8. 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 company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax is recognised in profit or loss for the year, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case current tax is recognised in other comprehensive income or directly in equity respectively.

2.9. Share-based payments

Equity-settled share-based payment transactions are measured at fair value at the date of grant. The fair value is expensed on a straight-line basis over the vesting period, with a corresponding increase in equity. This is based upon the company's estimate of the shares or share options that will eventually vest which takes into account all vesting conditions and non-market performance conditions, with adjustments being made where new information indicates the number of shares or share options expected to vest differs from previous estimates.

Fair value is determined using an appropriate pricing model. All market conditions and non-vesting conditions are taken into account when estimating the fair value of the shares or share options. As long as all other vesting conditions are satisfied, no adjustment is made irrespective of whether market or non-vesting conditions are met.

Where the terms of an equity-settled transaction are modified, an expense is recognised as if the terms had not been modified. In addition, an expense is recognised for any increase in the fair value of the transaction, as measured at the date of modification.

Where an equity-settled transaction is cancelled or settled, it is treated as if it had vested on the date of cancellation or settlement, and any expense not yet recognised in profit or loss is expensed immediately.

Cash-settled share-based payment transactions are measured at the fair value of the liability. Until the liability is settled, the fair value of the liability is re-measured at each reporting date and at the date of settlement, with any changes in fair value recognised in profit or loss for the period.

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Robotical Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 9)

4. Intangible Assets

	Patents, trademarks and licences	Development Costs	Total
	£	£	£
Cost
As at 1 February 2024	7,464	155,439	162,903
Additions	-	12,470	12,470

As at 31 January 2025	7,464	167,909	175,373

Amortisation
As at 1 February 2024	2,244	22,218	24,462
Provided during the period	400	7,948	8,348

As at 31 January 2025	2,644	30,166	32,810

Net Book Value
As at 31 January 2025	4,820	137,743	142,563

As at 1 February 2024	5,220	133,221	138,441

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2024	85,826	604	9,978	96,408
Additions	17,250	165	2,029	19,444

As at 31 January 2025	103,076	769	12,007	115,852

Depreciation
As at 1 February 2024	78,623	221	7,743	86,587
Provided during the period	5,566	147	1,916	7,629

As at 31 January 2025	84,189	368	9,659	94,216

Net Book Value
As at 31 January 2025	18,887	401	2,348	21,636

As at 1 February 2024	7,203	383	2,235	9,821

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Robotical Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 February 2024	73

As at 31 January 2025	73

Provision
As at 1 February 2024	-

As at 31 January 2025	-

Net Book Value
As at 31 January 2025	73

As at 1 February 2024	73

7. Stock

	2025	2024
	£	£
Stock	218,504	359,695

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	94,186	241,459
Amounts owed by group undertakings	10,558	10,568
Other debtors	80,448	56,550

	185,192	308,577

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	108,461	193,023
Bank loans and overdrafts	23,739	31,542
Other creditors	292,611	277,689
Taxation and social security	38,738	11,274

	463,549	513,528

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Robotical Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

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

	2025	2024
	£	£
Bank loans	13,943	18,362

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	287	287

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		142,563		138,441
Tangible Assets	5		21,636		9,821
Investments	6		73		73

			164,272		148,335
CURRENT ASSETS
Stock	7	218,504		359,695
Debtors	8	185,192		308,577
Cash at bank and in hand		810		95,868

		404,506		764,140
Creditors: Amounts Falling Due Within One Year	9	(463,549 )		(513,528 )

NET CURRENT ASSETS (LIABILITIES)			(59,043 )		250,612

TOTAL ASSETS LESS CURRENT LIABILITIES			105,229		398,947

Creditors: Amounts Falling Due After More Than One Year	10		(13,943 )		(18,362 )

NET ASSETS			91,286		380,585

CAPITAL AND RESERVES
Called up share capital	11		287		287
Share premium account			2,371,398		2,371,398
Profit and Loss Account			(2,280,399 )		(1,991,100 )

SHAREHOLDERS' FUNDS			91,286		380,585