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2024-07-31 01024026 dpl:GroupUndertakings 2023-08-01 2024-07-31 01024026 dpl:ParticipatingInterests 2023-08-01 2024-07-31 01024026 dpl:GroupUndertakings core:ListedExchangeTraded 2023-08-01 2024-07-31 01024026 core:ListedExchangeTraded 2023-08-01 2024-07-31 01024026 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2023-08-01 2024-07-31 01024026 core:UnlistedNon-exchangeTraded 2023-08-01 2024-07-31 01024026 core:NetGoodwill 2025-07-31 01024026 core:IntangibleAssetsOtherThanGoodwill 2025-07-31 01024026 core:LandBuildings 2025-07-31 01024026 core:PlantMachinery 2025-07-31 01024026 core:Vehicles 2025-07-31 01024026 core:FurnitureFittings 2025-07-31 01024026 core:OfficeEquipment 2025-07-31 01024026 core:AfterOneYear 2025-07-31 01024026 core:WithinOneYear 2025-07-31 01024026 core:ListedExchangeTraded 2025-07-31 01024026 core:UnlistedNon-exchangeTraded 2025-07-31 01024026 core:ShareCapital 2025-07-31 01024026 core:SharePremium 2025-07-31 01024026 core:RevaluationReserve 2025-07-31 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WATSON & SOLE ASSOCIATES LIMITED

Registered Number
01024026
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2025

WATSON & SOLE ASSOCIATES LIMITED
Company Information
for the year from 1 August 2024 to 31 July 2025

Directors | DENTON, Samuel Garry
| MCLAUGHLIN, Lisa
| VERMONT, Paul

Company Secretary | VERMONT, Paul

Registered Address | 1 Gemini Court
| 42a Throwley Way
| Sutton
| SM1 4AF

Registered Number | 01024026 (England and Wales)

WATSON & SOLE ASSOCIATES LIMITED
Statement of Financial Position
31 July 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 32,763 |  |  |  | 35,009
|  |  |  | 32,763 |  |  |  | 35,009
Current assets |  |  |  |  |  |  |  |
Debtors | 4 | 350,125 |  |  |  | 299,672 |  |
Cash at bank and on hand |  | 167,372 |  |  |  | 82,021 |  |
|  | 517,497 |  |  |  | 381,693 |  |
Creditors amounts falling due within one year | 5 | (121,081) |  |  |  | (101,907) |  |
Net current assets (liabilities) |  |  |  | 396,416 |  |  |  | 279,786
Total assets less current liabilities |  |  |  | 429,179 |  |  |  | 314,795
Provisions for liabilities | 6 |  |  | (7,893) |  |  |  | (6,376)
Accruals and deferred income |  |  |  | (66,415) |  |  |  | (13,724)
Net assets |  |  |  | 354,871 |  |  |  | 294,695
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 500 |  |  |  | 500
Profit and loss account |  |  |  | 354,371 |  |  |  | 294,195
Shareholders' funds |  |  |  | 354,871 |  |  |  | 294,695

- The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 7 January 2026, and are signed on its behalf by:
DENTON, Samuel Garry Director
MCLAUGHLIN, Lisa Director
VERMONT, Paul Director Registered Company No. 01024026

WATSON & SOLE ASSOCIATES LIMITED
Notes to the Financial Statements
for the year ended 31 July 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

| Turnover policy
--- | ---
| Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

| Employee benefits
--- | ---
| The company operates defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to profit or loss in the period to which they relate. The company has an automatic enrolment workplace pension in which two of the directors and relevant staff are enrolled. The contributions for each individual are held separately with The People's Pension scheme no: 139980. One of the director's pension schemes is The Executive Pension Plan Scheme no:2916960 (Zurich). The assets of the scheme are held separately in an independently administered fund.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

| Current taxation
--- | ---
| Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Research and development
--- | ---
| Research and Development The company has made substantial progress in advancing the technological sophistication of Inteli-Scan, our proprietary Online Operations & Maintenance (O&M) Portal, through a structured and multi-phase programme of research, development, and system optimisation.This financial year represents a defining stage in the platform’s evolution, marked by the complete modernisation of the Inteli-Scan hardware infrastructure and a comprehensive software re-engineering programme undertaken to ensure full architectural synchronisation between the two environments.These developments have fundamentally strengthened the platform’s core systems architecture, enabling higher throughput, reduced latency, and enhanced resilience. The modernisation strategy has incorporated next-generation components and refined processing frameworks designed to improve overall computational efficiency, data integrity, and system interoperability across diverse operational conditions.Within the scope of our R&D activities, substantial emphasis has been placed on optimising system functionality, scalability, and service reliability. The newly integrated hardware-software ecosystem now delivers superior operational performance and significantly improved system uptime.Our technical teams have prioritised key focus areas including real-time data orchestration, fault-tolerant processing, and adaptive user interface performance. Through advanced refactoring of both back-end and front-end subsystems, Inteli-Scan now operates with a more deterministic response profile, minimised computational overhead, and improved data accuracy at scale. These engineering refinements reinforce our strategic objective of sustaining a platform that is not only operationally efficient but also technically future-proof capable of supporting emerging digital standards and industry innovations. Future Developments Looking forward, the company remains firmly committed to the continuous evolution and technical advancement of the Inteli-Scan platform. Development priorities for the coming cycle will centre on predictive data analytics, machine-assisted reporting frameworks, and enhanced integration with structured asset intelligence models. These initiatives aim to deepen the platform’s analytical capability while further simplifying the user experience through intelligent automation and adaptive design principles.Our ongoing research agenda also includes active exploration of emerging and convergent technologies including edge computing and AI-driven diagnostics further augment system responsiveness, scalability, and cyber-resilience.The strategic alignment of our hardware and software development roadmaps ensures that Inteli-Scan will continue to operate as a mission-critical, high-availability platform within the digital O&M ecosystem delivering measurable commercial value, engineering precision, and sustained performance for our clients.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

|  | Reducing balance (%)
| Fixtures and fittings | 25
| Office Equipment | 25

| Finance leases and hire purchase contracts
--- | ---
| Rentals paid under operating leases are charged to profit & loss on a straight line basis over the period of the lease.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 14 |  | 14

3. | Tangible fixed assets
--- | ---

|  | Fixtures & fittings |  | Office Equipment |  | Total
--- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £
| Cost or valuation
| At 01 August 24 | 23,689 |  | 136,838 |  | 160,527
| Additions | - |  | 8,675 |  | 8,675
| At 31 July 25 | 23,689 |  | 145,513 |  | 169,202
| Depreciation and impairment
| At 01 August 24 | 21,257 |  | 104,261 |  | 125,518
| Charge for year | 608 |  | 10,313 |  | 10,921
| At 31 July 25 | 21,865 |  | 114,574 |  | 136,439
| Net book value
| At 31 July 25 | 1,824 |  | 30,939 |  | 32,763
| At 31 July 24 | 2,432 |  | 32,577 |  | 35,009

4. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 205,206 |  | 190,316
| Other debtors | 121,747 |  | 89,661
| Prepayments and accrued income | 23,172 |  | 19,695
| Total | 350,125 |  | 299,672

5. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 42,736 |  | 41,693
| Taxation and social security | 73,631 |  | 58,842
| Other creditors | 4,714 |  | 1,372
| Total | 121,081 |  | 101,907

6. | Provisions for liabilities
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 7,893 |  | 6,376
| Total | 7,893 |  | 6,376

7. | Other commitments
--- | ---
| Charges on the company There is a Debenture, fixed and floating charge from National Westminster Bank PLC.