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REGISTERED NUMBER: 05498299 (England and Wales)

Group Strategic Report, Report of the Director and

Consolidated Financial Statements for the Year Ended 30 April 2025

for

Computionics Group Limited

Computionics Group Limited (Registered number: 05498299)

Contents of the Consolidated Financial Statements

for the Year Ended 30 April 2025

Page |

Company Information | 1 |

Group Strategic Report | 2 |

Report of the Director | 4 |

Report of the Independent Auditors | 5 |

Consolidated Statement of Comprehensive Income | 8 |

Consolidated Balance Sheet | 9 |

Company Balance Sheet | 10 |

Consolidated Statement of Changes in Equity | 11 |

Company Statement of Changes in Equity | 12 |

Consolidated Cash Flow Statement | 13 |

Notes to the Consolidated Cash Flow Statement | 14 |

Notes to the Consolidated Financial Statements | 15 |

Computionics Group Limited

Company Information

for the Year Ended 30 April 2025

| DIRECTOR: | Mr A W Foster

| SECRETARY: | Mrs S J Foster

| REGISTERED OFFICE: | 54 Chorley Road

| Hilldale

| PARBOLD

| Lancashire

| WN8 7AS

| REGISTERED NUMBER: | 05498299 (England and Wales)

| AUDITORS: | Ashworth Treasure Limited

| Statutory Auditors

| 17-19 Park Street

| Lytham

| Lancashire

| FY8 5LU

Computionics Group Limited (Registered number: 05498299)

Group Strategic Report

for the Year Ended 30 April 2025

The director presents his strategic report of the company and the group for the year ended 30 April 2025.

REVIEW OF BUSINESS

Principal activities and business review

The group's main activity is the manufacture, distribution and wholesale of a quality range of electronic security and life safety equipment.

The group maintains a research and development programme on a continuing basis in order to strengthen its product base. The group's total expenditure on research and development during the year was £2,276,556 (2024: £3,477,382).

Previously, R&D resource had been diverted to redesign products made unmanufacturable due to component non-availability which took up 75% of R&D resource and ability. Over the last 12 months this burden has been significantly reduced, allowing R&D to concentrate more of their efforts on new and innovative products. This has had a positive effect on volume and gross margin in the year and should continue to do so in future.

The group develops and manufactures market leading and innovative technologically advanced products and has made significant investment in a state of the art research facility in order to continue investing in new products and manufacturing techniques. The research facility enables the group to enforce its position within the market place.

Key performance indicators

Turnover and profits

Group turnover has increased by £1.74m in the year and profits before tax increased to £4.1m with the group maintaining a strong balance sheet position at the end of the year.

Gross Profit for the year was £11,836,611 (2024: £9,958,230) an increase of 18.9% year-on-year

The profit after taxation for the year amounted to £2,738,571 (2024: £2,081,048), an increase of 32%

Borrowing and liquidity

Borrowing is low with a gearing ratio of only 1.3% and liquidity of 330%.

Debtor days and creditor days

Average debtor days are 98 days (2024:82 days) and average creditor days are 145 days (2024:109 days) which is in line with company expectations.

Stocks

Overall stock levels were £7,235,043 (2024: £8,363,947) and have fallen in line with target for the year.

PRINCIPAL RISKS AND UNCERTAINTIES

The group manages all potential risks and considers the threat of cheap imports from the East as a risk. Even here, the group is continually reviewing its own manufacturing processes to stay competitive. We have maintained our investment in R&D.

The uncertainty over Brexit has evaporated. The most challenging place to export to is ironically Northern Ireland. Currently our biggest growth market is the EU.

A major threat is the global lack of availability of electronic components. This has had a major impact on our manufacturing capability and has resulted in increased disruptive costs of manufacture.

The group is well placed and maintains a strategy of strong management and leadership which enables the companies to react quickly to any future risks or uncertainties arising out of the business environment.

The group's workforce plays a valuable part in all aspects of the business and we continue to invest in our staff and training programmes to ensure we can embrace new technologies and fulfill our customer requirements.

Reliability and durability are built into the group's products at all stages, helping us to guarantee excellent product quality and equipment that is consistently fit for its intended purpose.

FUTURE DEVELOPMENTS

Future development work includes new detector range and IOT products that will consolidate our CAST product range in the marketplace.

This will be delayed due to the effects of the failure of the global supply chains as mentioned above .

Computionics Group Limited (Registered number: 05498299)

Group Strategic Report

for the Year Ended 30 April 2025

STAKEHOLDER ENGAGEMENT

Stakeholder engagement plays an important part of our day to day operations. The Board is kept appraised of the feedback received and collectively or individually.

The group is engaged with its stakeholders throughout the year as follows:

Shareholders

- Board meetings were held on a regular basis to ensure that all Directors are aware of, and have a clear understanding of, the view of major shareholders.

Employees

- The group is committed to employment policies which follow best practice and are based on equal opportunities for all employees, irrespective of gender, religion or belief, age, racial or ethnic origin, sexual orientation or disability.

Customers

- We place customers at the heart of everything we do and focus on delivering excellent project quality, robust policies and resolving any customer problems quickly and efficiently.

- Our customer care team is available to answer queries throughout the customer journey.

- Customers are encouraged to give feedback to help us understand their customer experience.

Supply chain

- We work closely with our supply chain to ensure their products meet both our needs and standards.

- We engage with our suppliers and notify them of any new working protocols that they would need to comply with in order to safeguard themselves, our employees, customers and the general public.

ON BEHALF OF THE BOARD:

Mr A W Foster - Director

24 January 2026

Computionics Group Limited (Registered number: 05498299)

Report of the Director

for the Year Ended 30 April 2025

The director presents his report with the financial statements of the company and the group for the year ended 30 April 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of the manufacture and distribution of electronic security and life safety equipment.

DIVIDENDS

Particulars of dividends paid are detailed in the notes to the financial statements.

DIRECTOR

Mr A W Foster held office during the whole of the period from 1 May 2024 to the date of this report.

PURCHASE OF OWN SHARES

On 24 September 2025 Computionics Group Limited purchased 175 ordinary shares for £1.25m in order to facilitate the exit of a shareholder. On completion 175 ordinary shares were cancelled,

DISCLOSURE IN THE STRATEGIC REPORT

The strategic report on the preceding page provides information regarding the performance, developments, and risks and uncertainties of the company.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements 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 director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Ashworth Treasure Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr A W Foster - Director

24 January 2026

Report of the Independent Auditors to the Members of

Computionics Group Limited

Opinion

We have audited the financial statements of Computionics Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 April 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, 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 affairs as at 30 April 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 UK, including the FRC'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 director's 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 and 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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.

Opinions 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 Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Group Strategic Report and the Report of the Director 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 Report of the Director.

We have nothing to report in respect of the following matters where 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 director's remuneration specified by law are not made; or

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

Report of the Independent Auditors to the Members of

Computionics Group Limited

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is 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 director determines 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 director is 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 director either intends to liquidate the group or the parent company or to cease operations, or has 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 a Report of the Auditors 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 financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- |  | the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable and regulations; |

- |  | we identified the laws and regulations applicable to the group through discussions with directors and other management, and from our commercial knowledge and experience of the business sector; |

- |  | we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the group, including legislation such as Companies Act, taxation legislation, environmental and health and safety legislation etc. |

- |  | we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and |

- |  | identified laws and regulations were communicated within the audit team regularly and the team maintained alert to instances of non-compliance throughout the audit. |

We assessed the susceptibility of the group's financial statements to misstatement, including obtaining an understanding of how fraud might occur, by:

- |  | making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;and |

- |  | considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. |

To address the risk of fraud through management bias and override of controls, we:

- |  | performed analytical procedures to identify any unusual or unexpected relationships; |

- |  | tested journals to identify unusual transactions; |

- |  | assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and |

- |  | investigated the rationale behind significant or unusual transactions. |

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- |  | agreeing financial statement disclosures to underlying supporting documentation; |

- |  | enquiring of management as to actual and potential litigation and claims; |

- |  | reviewing correspondence with HMRC etc |

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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 Report of the Auditors.

Report of the Independent Auditors to the Members of

Computionics Group Limited

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 a Report of the Auditors 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.

Anthony Cooney (Senior Statutory Auditor)

for and on behalf of Ashworth Treasure Limited

Statutory Auditors

17-19 Park Street

Lytham

Lancashire

FY8 5LU

27 January 2026

Computionics Group Limited (Registered number: 05498299)

Consolidated Statement of Comprehensive Income

for the Year Ended 30 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

TURNOVER | 5 | 25,114,308 |  | 23,375,314 |  |

Cost of sales | 13,277,697 |  | 13,417,084 |  |

GROSS PROFIT | 11,836,611 |  | 9,958,230 |  |

Distribution costs | 1,684,801 |  | 1,664,757 |  |

Administrative expenses | 6,736,255 |  | 6,022,366 |  |

|  |  | 8,421,056 |  |  |  |  | 7,687,123 |  |

3,415,555 |  | 2,271,107 |  |

Other operating income | 730,477 |  | 38,165 |  |

OPERATING PROFIT | 7 | 4,146,032 |  | 2,309,272 |  |

Interest payable and similar expenses | 8 | 60,112 |  | 88,633 |  |

PROFIT BEFORE TAXATION | 4,085,920 |  | 2,220,639 |  |

Tax on profit | 9 | 1,347,349 |  | 139,591 |  |

PROFIT FOR THE FINANCIAL YEAR | 2,738,571 |  | 2,081,048 |  |

OTHER COMPREHENSIVE INCOME |

Share buy back | (1,249,825 | ) | - |  |

Income tax relating to other comprehensive income | - |  | - |  |

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | (1,249,825 | ) | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,488,746 |  | 2,081,048 |  |

Profit attributable to:

Owners of the parent | 2,738,571 |  | 2,081,048 |  |

Total comprehensive income attributable to:

Owners of the parent | 1,488,746 |  | 2,081,048 |  |

Computionics Group Limited (Registered number: 05498299)

Consolidated Balance Sheet

30 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 12 | 9,857,472 |  | 9,350,048 |  |

Investments | 13 | - |  | - |  |

9,857,472 |  | 9,350,048 |  |

CURRENT ASSETS

Stocks | 14 | 7,235,043 |  | 8,363,947 |  |

Debtors | 15 | 7,808,306 |  | 6,995,332 |  |

Cash at bank and in hand | 5,074,799 |  | 3,376,019 |  |

20,118,148 |  | 18,735,298 |  |

CREDITORS

Amounts falling due within one year | 16 | 4,690,414 |  | 4,287,699 |  |

NET CURRENT ASSETS | 15,427,734 |  | 14,447,599 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 25,285,206 |  | 23,797,647 |  |

CREDITORS

Amounts falling due after more than one year | 17 | (258,631 | ) | (613,765 | ) |

PROVISIONS FOR LIABILITIES | 21 | (1,279,610 | ) | (412,261 | ) |

ACCRUALS AND DEFERRED INCOME | 22 | (159,875 | ) | (173,102 | ) |

NET ASSETS | 23,587,090 |  | 22,598,519 |  |

CAPITAL AND RESERVES

Called up share capital | 23 | 825 |  | 1,000 |  |

Capital redemption reserve | 24 | 175 |  | - |  |

Merger reserve | 24 | 2,635,364 |  | 2,635,364 |  |

Retained earnings | 24 | 20,950,726 |  | 19,962,155 |  |

SHAREHOLDERS' FUNDS | 23,587,090 |  | 22,598,519 |  |

The financial statements were approved by the director and authorised for issue on 24 January 2026 and were signed by:

Mr A W Foster - Director

Computionics Group Limited (Registered number: 05498299)

Company Balance Sheet

30 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 12 | - |  | - |  |

Investments | 13 | 1,001,000 |  | 1,001,000 |  |

1,001,000 |  | 1,001,000 |  |

CREDITORS

Amounts falling due within one year | 16 | 961,628 |  | 961,628 |  |

NET CURRENT LIABILITIES | (961,628 | ) | (961,628 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 39,372 |  | 39,372 |  |

CAPITAL AND RESERVES

Called up share capital | 23 | 825 |  | 1,000 |  |

Capital redemption reserve | 24 | 175 |  | - |  |

Retained earnings | 24 | 38,372 |  | 38,372 |  |

SHAREHOLDERS' FUNDS | 39,372 |  | 39,372 |  |

Company's profit for the financial year | 1,750,000 |  | - |  |

The financial statements were approved by the director and authorised for issue on 24 January 2026 and were signed by:

Mr A W Foster - Director

Computionics Group Limited (Registered number: 05498299)

Consolidated Statement of Changes in Equity

for the Year Ended 30 April 2025

| Called up |  | Capital |

| share |  | Retained |  | redemption |  | Merger |  | Total

| capital |  | earnings |  | reserve |  | reserve |  | equity

£ | £ | £ | £ | £ |

Balance at 1 May 2023 | 1,000 |  | 17,881,107 |  | - |  | 2,635,364 |  | 20,517,471 |  |

Changes in equity

Total comprehensive income | - |  | 2,081,048 |  | - |  | - |  | 2,081,048 |  |

Balance at 30 April 2024 | 1,000 |  | 19,962,155 |  | - |  | 2,635,364 |  | 22,598,519 |  |

Changes in equity

Issue of share capital | (175 | ) | - |  | - |  | - |  | (175 | ) |

Dividends | - |  | (500,000 | ) | - |  | - |  | (500,000 | ) |

Total comprehensive income | - |  | 1,488,571 |  | 175 |  | - |  | 1,488,746 |  |

Balance at 30 April 2025 | 825 |  | 20,950,726 |  | 175 |  | 2,635,364 |  | 23,587,090 |  |

Computionics Group Limited (Registered number: 05498299)

Company Statement of Changes in Equity

for the Year Ended 30 April 2025

| Called up |  | Capital |

| share |  | Retained |  | redemption |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 May 2023 | 1,000 |  | 38,372 |  | - |  | 39,372 |  |

Changes in equity

Balance at 30 April 2024 | 1,000 |  | 38,372 |  | - |  | 39,372 |  |

Changes in equity

Issue of share capital | (175 | ) | - |  | - |  | (175 | ) |

Dividends | - |  | (500,000 | ) | - |  | (500,000 | ) |

Total comprehensive income | - |  | 500,000 |  | 175 |  | 500,175 |  |

Balance at 30 April 2025 | 825 |  | 38,372 |  | 175 |  | 39,372 |  |

Computionics Group Limited (Registered number: 05498299)

Consolidated Cash Flow Statement

for the Year Ended 30 April 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 6,029,823 |  | 3,779,165 |  |

Interest paid | (16,041 | ) | (42,671 | ) |

Interest element of hire purchase payments paid | (38,586 | ) | (38,705 | ) |

Finance costs paid | (5,485 | ) | (7,257 | ) |

R&D tax credit | (480,000 | ) | - |  |

Net cash from operating activities | 5,489,711 |  | 3,690,532 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (1,511,263 | ) | (979,561 | ) |

Sale of tangible fixed assets | 17,241 |  | 104,538 |  |

Net cash from investing activities | (1,494,022 | ) | (875,023 | ) |

Cash flows from financing activities

Loan repayments in year | (455,715 | ) | (349,014 | ) |

Capital repayments in year | (270,448 | ) | (317,491 | ) |

Amount introduced by directors | 179,429 |  | - |  |

Amount withdrawn by directors | (500,000 | ) | (124,116 | ) |

Share issue | (175 | ) | - |  |

Share buyback | (1,250,000 | ) | - |  |

Net cash from financing activities | (2,296,909 | ) | (790,621 | ) |

Increase in cash and cash equivalents | 1,698,780 |  | 2,024,888 |  |

Cash and cash equivalents at beginning of year | 2 | 3,376,019 |  | 1,351,131 |  |

Cash and cash equivalents at end of year | 2 | 5,074,799 |  | 3,376,019 |  |

Computionics Group Limited (Registered number: 05498299)

Notes to the Consolidated Cash Flow Statement

for the Year Ended 30 April 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 4,085,920 |  | 2,220,639 |  |

| Depreciation charges | 1,004,095 |  | 797,638 |  |

| Profit on disposal of fixed assets | (17,241 | ) | (63,615 | ) |

| Finance costs | 60,112 |  | 88,633 |  |

5,132,886 |  | 3,043,295 |  |

| Decrease in stocks | 1,128,904 |  | 1,599,912 |  |

| Increase in trade and other debtors | (812,974 | ) | (265,435 | ) |

| Increase/(decrease) in trade and other creditors | 581,007 |  | (598,607 | ) |

| Cash generated from operations | 6,029,823 |  | 3,779,165 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 30 April 2025

| 30.4.25 |  | 1.5.24

£ | £ |

| Cash and cash equivalents | 5,074,799 |  | 3,376,019 |  |

| Year ended 30 April 2024

| 30.4.24 |  | 1.5.23

£ | £ |

| Cash and cash equivalents | 3,376,019 |  | 1,351,131 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.5.24 | Cash flow | At 30.4.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 3,376,019 |  | 1,698,780 |  | 5,074,799 |  |

3,376,019 |  | 1,698,780 |  | 5,074,799 |  |

| Debt

| Finance leases | (713,226 | ) | 270,448 |  | (442,778 | ) |

| Debts falling due within 1 year | (202,415 | ) | 202,415 |  | - |  |

| Debts falling due after 1 year | (253,300 | ) | 253,300 |  | - |  |

(1,168,941 | ) | 726,163 |  | (442,778 | ) |

| Total | 2,207,078 |  | 2,424,943 |  | 4,632,021 |  |

Computionics Group Limited (Registered number: 05498299)

Notes to the Consolidated Financial Statements

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| Computionics Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

2. | STATEMENT OF COMPLIANCE

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| The financial statements are presented in sterling, which is the functional currency of the entity.

| Basis of consolidation

| The group accounts consolidate the accounts of Computionics Group Limited, its subsidiary undertaking, Computionics Limited and its sub-subsidiary undertaking Signet AC Limited.

| Unless otherwise stated, the acquisition method of accounting has been adopted. Under this method, the results of subsidiary undertakings acquired or disposed of in the year are included in the consolidated profit and loss account from the date on which control passed.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of the revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Freehold property | - | nil - 5% on reducing balance

| Improvements to property | - | 5% on reducing balance

| Plant and machinery | - | 10% on cost

| Fixtures and fittings | - | 20% on cost

| Motor vehicles | - | 33% on reducing balance and 25% on reducing balance

| Computer equipment | - | 10% on cost

| Fixed assets are stated at purchase price, less depreciation and amounts written off, such as impairment losses.

| All assets more than 10 years old are written off.

| Investments in subsidiaries

| Investments in subsidiaries are initially measured at cost and subsequently measured at costs less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit or loss.

| A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Computionics Group Limited (Registered number: 05498299)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 April 2025

3. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Cost is calculated using the first-in-first-out method and consists of material and direct labour costs, together with an appropriate proportion of production overheads.

| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in the profit and loss. Reversals of impairment losses are also recognised in the profit or loss.

| Financial instruments

| The following assets and liabilities are classified as financial instruments - investments in subsidiaries, trade debtors, trade creditors, hire purchase contracts, bank loans, other loans and inter-group balances.

| Investments in subsidiary undertakings are measured at cost less impairment.

| Hire purchase contracts and bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

| Inter-group balances (being repayable on demand), trade debtors, trade creditors and other loans are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

| Financial assets are assessed at the end of each reporting period for objective evidence of impairment and if applicable recognised as appropriate.

| Taxation

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

| Current or deferred taxation assets and liabilities are not discounted.

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

| Deferred tax

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

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

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

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| There is also a R&D credit included in other operating income which represents the R&D credit resulting from the merged R&D scheme which came into force from 1 April 2024.

| Cash and cash equivalents

| Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

| Hire purchase agreements

| Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Computionics Group Limited (Registered number: 05498299)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 April 2025

3. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| The group operates a defined contribution 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.

| Leased assets and obligations

| Tangible fixed assets operated under the terms of finance leases are capitalised at a value equal to the cost incurred by the lessor in acquiring the relevant assets and depreciated in the same manner as owned assets. Leases are regarded as finance leases where their terms transfer to the lessee substantially all the benefits and burdens of ownership other than the right to title. The capital element of future lease payments is included in creditors. In the case of other leases, the annual rentals are charged to trading profit on a straight line basis over the lease terms.

| Contingent liabilities

| A contingent liability is either a possible but uncertain obligation or a present obligation that is not recognised because a transfer of economic benefits is not probable. A contingent liability also arises if a present obligation exists but the amount required to settle it cannot be reliably estimated.

| Contingent liabilities are not recoginsed unless they have arisen in a business combination. They are disclosed unless the possibility of an outflow of resources is remote.

| When an entity is jointly and severally liable for an obligation, the part of the obligation that is expected to be met by other parties is treated as a contingent liability.

| Grant Income

| Grants are recognised as income over the period necessary to match them with related costs for which they are intended to compensate.

| Investments

| Investments held as fixed assets are stated at cost less provision for any permanent diminution in value.

Computionics Group Limited (Registered number: 05498299)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 April 2025

4. | CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| 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 available 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.

| The key judgements and sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

| Estimated useful lives and residual values of fixed assets

| Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during current and prior accounting periods.

| Impairment of non-financial assets

| Non-financial assets include goodwill, investments and tangible fixed assets. The company assesses at each reporting date whether there is an indication that the carrying amount of an asset may not be recoverable. If there is such an indication then the company estimates the recoverable amount of the asset using the information available at that date. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. If the recoverable amount is less than the carrying amount, the carrying amount of an asset is impaired and it is reduced to its recoverable amount through an impairment in the statement of comprehensive income.

| Provisions

| Provisions are an amount set aside to cover a probable future expense, or reduction in the value of an asset. Examples of provisions include accruals, asset impairments, bad debts, depreciation, doubtful debts, taxes, inventory obsolescence, pension, restructuring liabilities and sales allowances.

| Often provision amounts need to be estimated. Provisions are recorded as a current liability on the balance sheet and then matched to the appropriate expense account in the profit and loss account.

| Research & development

| The R&D expenditure credit is £480,000, based on an estimated level of R&D activity and is subject to the finalisation of the annual R&D claim.

5. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the group.

| An analysis of turnover by geographical market is given below:

| 2025 |  | 2024

£ | £ |

| United Kingdom | 17,219,237 |  | 14,245,224 |  |

| Europe and other | 7,895,071 |  | 9,130,090 |  |

25,114,308 |  | 23,375,314 |  |

6. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 7,087,880 |  | 6,873,904 |  |

| Social security costs | 678,785 |  | 646,367 |  |

| Other pension costs | 382,894 |  | 190,431 |  |

8,149,559 |  | 7,710,702 |  |

Computionics Group Limited (Registered number: 05498299)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 April 2025

6. | EMPLOYEES AND DIRECTORS - continued

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Production and sales | 182 |  | 182 |  |

| Office and management | 20 |  | 19 |  |

202 |  | 201 |  |

| 2025 |  | 2024

£ | £ |

| Director's remuneration | 185,271 |  | 224,764 |  |

| Director's long term incentive schemes | 6,775 |  | 6,951 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 1 |  | 1 |  |

7. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Hire of plant and machinery | 214,761 |  | 201,638 |  |

| Depreciation - owned assets | 869,584 |  | 638,970 |  |

| Depreciation - assets on hire purchase contracts | 134,255 |  | 158,668 |  |

| Profit on disposal of fixed assets | (17,241 | ) | (63,615 | ) |

| Auditors' remuneration | 21,000 |  | 16,000 |  |

| Auditors' remuneration for non audit work | 31,492 |  | 22,208 |  |

| Research and development | 2,276,556 |  | 3,477,382 |  |

| Foreign currency exchange (gain)/loss | 40,178 |  | 19,126 |  |

| Grants released | (13,227 | ) | (14,690 | ) |

8. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank interest | 16,041 |  | 42,671 |  |

| Hire purchase interest | 38,586 |  | 38,705 |  |

| Sundry finance charges | 5,485 |  | 7,257 |  |

60,112 |  | 88,633 |  |

9. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 480,000 |  | - |  |

| Deferred tax | 867,349 |  | 139,591 |  |

| Tax on profit | 1,347,349 |  | 139,591 |  |

Computionics Group Limited (Registered number: 05498299)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 April 2025

9. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 4,085,920 |  | 2,220,639 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 1,021,480 |  | 555,160 |  |

| Effects of:

| company rate |

| Expenses not deductible for tax purposes | 6,049 |  | 2,116 |  |

| Deferred income released | (3,255 | ) | (3,610 | ) |

| Research and development tax credits | 480,000 |  | (430,000 | ) |

| Depreciation on non qualifying assets | 37,563 |  | 38,425 |  |

| Expenses deductible for tax purposes | (7,305 | ) | (22,500 | ) |

| Prior year overprovision | (187,183 | ) | - |  |

| Total tax charge | 1,347,349 |  | 139,591 |  |

| Tax effects relating to effects of other comprehensive income |

| 2025 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Share buy back | (1,249,825 | ) | - |  | (1,249,825 | ) |

10. | INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

| As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.

11. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of £1 each

| Interim | 500,000 |  | - |  |

Computionics Group Limited (Registered number: 05498299)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 April 2025

12. | TANGIBLE FIXED ASSETS

| Group

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 May 2024 | 9,883,999 |  | 168,307 |  | 3,971,425 |  |

| Additions | 127,724 |  | - |  | 1,070,520 |  |

| At 30 April 2025 | 10,011,723 |  | 168,307 |  | 5,041,945 |  |

| DEPRECIATION

| At 1 May 2024 | 3,807,624 |  | 108,133 |  | 1,271,127 |  |

| Charge for year | 253,351 |  | 3,008 |  | 498,699 |  |

| At 30 April 2025 | 4,060,975 |  | 111,141 |  | 1,769,826 |  |

| NET BOOK VALUE

| At 30 April 2025 | 5,950,748 |  | 57,166 |  | 3,272,119 |  |

| At 30 April 2024 | 6,076,375 |  | 60,174 |  | 2,700,298 |  |

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 May 2024 | 1,572,087 |  | 160,937 |  | 208,893 |  | 15,965,648 |  |

| Additions | 285,024 |  | 27,995 |  | - |  | 1,511,263 |  |

| At 30 April 2025 | 1,857,111 |  | 188,932 |  | 208,893 |  | 17,476,911 |  |

| DEPRECIATION

| At 1 May 2024 | 1,149,790 |  | 79,011 |  | 199,915 |  | 6,615,600 |  |

| Charge for year | 214,621 |  | 25,612 |  | 8,548 |  | 1,003,839 |  |

| At 30 April 2025 | 1,364,411 |  | 104,623 |  | 208,463 |  | 7,619,439 |  |

| NET BOOK VALUE

| At 30 April 2025 | 492,700 |  | 84,309 |  | 430 |  | 9,857,472 |  |

| At 30 April 2024 | 422,297 |  | 81,926 |  | 8,978 |  | 9,350,048 |  |

Computionics Group Limited (Registered number: 05498299)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 April 2025

12. | TANGIBLE FIXED ASSETS - continued

| Group

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 May 2024 | 1,442,712 |  | 21,000 |  | 1,463,712 |  |

| Additions | - |  | 27,995 |  | 27,995 |  |

| Transfer to ownership | (222,114 | ) | - |  | (222,114 | ) |

| At 30 April 2025 | 1,220,598 |  | 48,995 |  | 1,269,593 |  |

| DEPRECIATION

| At 1 May 2024 | 328,632 |  | 11,648 |  | 340,280 |  |

| Charge for year | 126,084 |  | 8,171 |  | 134,255 |  |

| Transfer to ownership | (138,717 | ) | - |  | (138,717 | ) |

| At 30 April 2025 | 315,999 |  | 19,819 |  | 335,818 |  |

| NET BOOK VALUE

| At 30 April 2025 | 904,599 |  | 29,176 |  | 933,775 |  |

| At 30 April 2024 | 1,114,080 |  | 9,352 |  | 1,123,432 |  |

13. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 1,001,000 |  |

| NET BOOK VALUE

| At 30 April 2025 | 1,001,000 |  |

| At 30 April 2024 | 1,001,000 |  |

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiaries

| Computionics Limited

| Registered office: 54 Chorley Road, Hilldale Parbold, Wigan, Lancs, WN8 7AS, England

| Nature of business: Manufacture of electronic security equipment

| %

| Class of shares: | holding |

| Ordinary £1 | 100.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 20,547,554 |  | 20,013,377 |  |

| Profit for the year | 2,284,177 |  | 1,395,598 |  |

Computionics Group Limited (Registered number: 05498299)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 April 2025

13. | FIXED ASSET INVESTMENTS - continued

| Signet AC Limited

| Registered office: 54 Chorley Road, Hilldale Parbold, Wigan, Lancs, WN8 7AS, England

| Nature of business: Manufacture and design of life safety equipment

| %

| Class of shares: | holding |

| Ordinary £1 | 100.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 4,002,172 |  | 3,547,778 |  |

| Profit for the year | 454,394 |  | 685,446 |  |

14. | STOCKS

| Group |

2025 | 2024 |

£ | £ |

| Raw materials | 4,647,744 |  | 4,692,078 |  |

| Work-in-progress | 1,393,970 |  | 1,359,746 |  |

| Finished goods | 1,193,329 |  | 2,312,123 |  |

7,235,043 |  | 8,363,947 |  |

15. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| Group |

2025 | 2024 |

£ | £ |

| Trade debtors | 6,015,833 |  | 5,264,957 |  |

| Other debtors | 987,542 |  | 987,542 |  |

| Prepayments and accrued income | 804,931 |  | 742,833 |  |

7,808,306 |  | 6,995,332 |  |

16. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 18) | - |  | 202,415 |  | - |  | - |  |

| Hire purchase contracts (see note 19) | 184,147 |  | 352,761 |  | - |  | - |  |

| Trade creditors | 2,659,683 |  | 2,329,533 |  | - |  | - |  |

| Amounts owed to group undertakings | - |  | - |  | 961,628 |  | 961,628 |  |

| Social security and other taxes | 867,340 |  | 708,335 |  | - |  | - |  |

| Other creditors | 52,626 |  | 32,710 |  | - |  | - |  |

| Directors' current accounts | 408,187 |  | 228,677 |  | - |  | - |  |

| Accrued expenses | 518,431 |  | 433,268 |  | - |  | - |  |

4,690,414 |  | 4,287,699 |  | 961,628 |  | 961,628 |  |

17. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| Group |

2025 | 2024 |

£ | £ |

| Bank loans (see note 18) | - |  | 253,300 |  |

| Hire purchase contracts (see note 19) | 258,631 |  | 360,465 |  |

258,631 |  | 613,765 |  |

Computionics Group Limited (Registered number: 05498299)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 April 2025

18. | LOANS

| An analysis of the maturity of loans is given below:

| Group |

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on | demand: |

| Bank loans | - |  | 202,415 |  |

| Amounts falling due between one and two | years: |

| Bank loans - 1-2 years | - |  | 253,300 |  |

| The bank loans and overdraft are secured by a legal charge over land and buildings, together with a debenture over all assets of Computionics Limited and Signet (AC) Limited.

19. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 184,147 |  | 352,761 |  |

| Between one and five years | 258,631 |  | 360,465 |  |

442,778 |  | 713,226 |  |

| Liabilities under finance leases and hire purchase contracts are secured on the assets to which they relate.

| Group

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 173,381 |  | 175,864 |  |

| Between one and five years | 160,751 |  | 189,312 |  |

334,132 |  | 365,176 |  |

20. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 455,715 |  |

| Hire purchase contracts | 442,778 |  | 713,226 |  |

442,778 |  | 1,168,941 |  |

| Debts are secured by fixed and floating charges over the Group's assets.

Computionics Group Limited (Registered number: 05498299)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 April 2025

21. | PROVISIONS FOR LIABILITIES

| Group |

2025 | 2024 |

£ | £ |

| Deferred tax | 1,279,610 |  | 412,261 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 May 2024 | 412,261 |  |

| Charge to Statement of Comprehensive Income during year | 867,349 |  |

| Balance at 30 April 2025 | 1,279,610 |  |

| The deferred tax balance originates from capital allowances in excess of depreciation.

22. | ACCRUALS AND DEFERRED INCOME

| Group |

2025 | 2024 |

£ | £ |

| Deferred government grants | 159,875 |  | 173,102 |  |

23. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1,000 | Ordinary | £1 | 825 |  | 1,000 |  |

| Purchase of Own Shares

| On 24 September 2025 the company purchased 175 ordinary shares for £1.25m in order to facilitate the exit of a shareholder. On completion 175 ordinary shares were cancelled,

24. | RESERVES

| Group

| Capital |

| Retained |  | redemption |  | Merger |

| earnings |  | reserve |  | reserve |  | Totals

£ | £ | £ | £ |

| At 1 May 2024 | 19,962,155 |  | - |  | 2,635,364 |  | 22,597,519 |  |

| Profit for the year | 2,738,571 |  | 2,738,571 |  |

| Dividends | (500,000 | ) | (500,000 | ) |

| Purchase of own shares | (1,250,000 | ) | 175 |  | - |  | (1,249,825 | ) |

| At 30 April 2025 | 20,950,726 |  | 175 |  | 2,635,364 |  | 23,586,265 |  |

Computionics Group Limited (Registered number: 05498299)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 April 2025

24. | RESERVES - continued

| Company

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 May 2024 | 38,372 |  | - |  | 38,372 |  |

| Profit for the year | 1,750,000 |  | 1,750,000 |  |

| Dividends | (500,000 | ) | (500,000 | ) |

| Purchase of own shares | (1,250,000 | ) | 175 |  | (1,249,825 | ) |

| At 30 April 2025 | 38,372 |  | 175 |  | 38,547 |  |

25. | CONTINGENT LIABILITIES

| Deferred income of £159,872 (2024 - £173,354) is in respect of government grants. The terms of the grant offer provides for the repayment of part or all of the said grants if the terms of the offer letters are not complied with.

26. | RELATED PARTY DISCLOSURES

| Solid State Security Limited is a company in which Andrew Foster is a director and has a 100% shareholding.

| Computionics Limited is a subsidiary of Computionics Group Limited.

| Signet (AC) Limited is a subsidiary of Computionics Limited.

| During the year there were the following transactions between Computionics Limited and Solid State Security Limited:

| Description |  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Sales |  | 705,416 |  | 703,498 |  |

| Purchases |  | 50,584 |  | 132,999 |  |

| The net sum of £128,120 (2024 - £15,354 creditor) was due from Solid State Security limited at the balance sheet date.

| An unsecured loan was made to Country Barns Limited, the amount outstanding at the year end date was £860,000 (2024: £860,000) included in other debtors.This is repayable on demand.

| During the year, Signet AC Limited paid £80,000 (2024 - £80,000) in respect of rent to the trustees of the Computionics Limited Pension Fund.

| The company’s key management personnel are considered to be the directors. Their compensation during the year is shown in note 6.

27. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party throughout the year was Mr A W Foster.

28. | EMPLOYEE BENEFITS

| Defined contribution plans

| The amount recognised in profit or loss as an expense in relation to defined contribution plans was £382,894 (2024: £190,431). The amount outstanding at the year end was £55,096 (2024: £32,710).