IRIS Accounts Production v25.4.12.37 02230502 Board of Directors 1.4.24 31.3.25 31.3.25 Medium entities to develop, distribute, and support software solutions for education, public libraries, and corporate clients. The company positions itself as a "boutique vendor" offering carefully selected best-of-breed solutions that provide excellent value. ++ The company's proprietary product portfolio includes: - On-Premise Solutions: Onelog (e-resource management), MyPC (PC reservation), and R&R (resource booking). -SaaS Cloud Products: evalyou8 (customer feedback), Willow360 (workflow automation), and MyPC Cloud ( (workspace booking). - Print/Copy/Scan Products: DocSlide and various payment gateways. ++ ITS also serves as a key distribution partner for third-party solutions, notably as the primary PaperCut authorised solution center in Europe, alongside products from Princity, Kuario, Umango, Elatec, Inepro, and others. ++ The company operates through branches in Serbia, Spain, France, Germany, and subsidiary undertakings in the USA, India and the Netherlands. Spanish branch has been converted into a subsidiary from 1st October 2023. true true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02230502 2024-03-31 02230502 2025-03-31 02230502 2024-04-01 2025-03-31 02230502 2023-03-31 02230502 2023-04-01 2024-03-31 02230502 2024-03-31 02230502 ns15:EnglandWales 2024-04-01 2025-03-31 02230502 ns14:PoundSterling 2024-04-01 2025-03-31 02230502 ns10:Director1 2024-04-01 2025-03-31 02230502 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02230502 ns10:MediumEntities 2024-04-01 2025-03-31 02230502 ns10:Audited 2024-04-01 2025-03-31 02230502 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 02230502 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02230502 ns10:FullAccounts 2024-04-01 2025-03-31 02230502 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 02230502 ns10:Director2 2024-04-01 2025-03-31 02230502 ns10:Director3 2024-04-01 2025-03-31 02230502 ns10:CompanySecretary1 2024-04-01 2025-03-31 02230502 ns10:RegisteredOffice 2024-04-01 2025-03-31 02230502 1 2024-04-01 2025-03-31 02230502 1 2023-04-01 2024-03-31 02230502 ns5:CurrentFinancialInstruments 2025-03-31 02230502 ns5:CurrentFinancialInstruments 2024-03-31 02230502 ns5:Non-currentFinancialInstruments 2025-03-31 02230502 ns5:Non-currentFinancialInstruments 2024-03-31 02230502 ns5:ShareCapital 2025-03-31 02230502 ns5:ShareCapital 2024-03-31 02230502 ns5:FurtherSpecificReserve2ComponentTotalEquity 2025-03-31 02230502 ns5:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 02230502 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 02230502 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 02230502 ns5:ShareCapital 2023-03-31 02230502 ns5:RetainedEarningsAccumulatedLosses 2023-03-31 02230502 ns5:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 02230502 ns5:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 02230502 ns5:FurtherSpecificReserve2ComponentTotalEquity 2023-04-01 2024-03-31 02230502 ns5:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 02230502 ns5:FurtherSpecificReserve2ComponentTotalEquity 2024-04-01 2025-03-31 02230502 1 2024-04-01 2025-03-31 02230502 ns10:HighestPaidDirector 2024-04-01 2025-03-31 02230502 ns10:HighestPaidDirector 2023-04-01 2024-03-31 02230502 ns5:OwnedAssets 2024-04-01 2025-03-31 02230502 ns5:OwnedAssets 2023-04-01 2024-03-31 02230502 ns10:OrdinaryShareClass1 2023-04-01 2024-03-31 02230502 ns5:LeaseholdImprovements 2024-03-31 02230502 ns5:FurnitureFittings 2024-03-31 02230502 ns5:ComputerEquipment 2024-03-31 02230502 ns5:LeaseholdImprovements 2024-04-01 2025-03-31 02230502 ns5:FurnitureFittings 2024-04-01 2025-03-31 02230502 ns5:ComputerEquipment 2024-04-01 2025-03-31 02230502 ns5:LeaseholdImprovements 2025-03-31 02230502 ns5:FurnitureFittings 2025-03-31 02230502 ns5:ComputerEquipment 2025-03-31 02230502 ns5:LeaseholdImprovements 2024-03-31 02230502 ns5:FurnitureFittings 2024-03-31 02230502 ns5:ComputerEquipment 2024-03-31 02230502 ns5:CostValuation 2024-03-31 02230502 ns5:Subsidiary1 2024-04-01 2025-03-31 02230502 1 ns5:Subsidiary1 2024-04-01 2025-03-31 02230502 ns5:Subsidiary2 2024-04-01 2025-03-31 02230502 ns5:Subsidiary2 3 2024-04-01 2025-03-31 02230502 ns5:Subsidiary3 2024-04-01 2025-03-31 02230502 5 ns5:Subsidiary3 2024-04-01 2025-03-31 02230502 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 02230502 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 02230502 ns5:DeferredTaxation 2024-03-31 02230502 ns5:DeferredTaxation 2024-04-01 2025-03-31 02230502 ns5:DeferredTaxation 2025-03-31 02230502 ns10:OrdinaryShareClass1 2025-03-31

REGISTERED NUMBER: 02230502 (England and Wales)

| STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST MARCH 2025 |

| FOR |

| INFO TECHNOLOGY SUPPLY LIMITED |

INFO TECHNOLOGY SUPPLY LIMITED (REGISTERED NUMBER: 02230502)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page |

Company Information | 1 |

Strategic Report | 2 |

Report of the Directors | 4 |

Report of the Independent Auditors | 5 |

Profit and loss account | 8 |

Other Comprehensive Income | 9 |

Balance Sheet | 10 |

Statement of Changes in Equity | 11 |

Notes to the Financial Statements | 12 |

INFO TECHNOLOGY SUPPLY LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST MARCH 2025

| DIRECTORS: | F Garcia Hernandez

| J R Wright

| R S Kalyan

| SECRETARY: | P Shah

| REGISTERED OFFICE: | 1 Jardine House

| Harrovian Business Village

| Bessborough Road

| Harrow

| Middlesex

| HA1 3EX

| REGISTERED NUMBER: | 02230502 (England and Wales)

| AUDITORS: | Sproull & Co.

| Chartered Accountants

| Statutory Auditors

| First Floor, Jebsen House

| 53-61 High Street

| Ruislip

| Middlesex

| HA4 7BD

INFO TECHNOLOGY SUPPLY LIMITED (REGISTERED NUMBER: 02230502)

STRATEGIC REPORT

FOR THE YEAR ENDED 31ST MARCH 2025

The directors present their strategic report for the year ended 31st March 2025.

PRINCIPAL ACTIVITY

The principal activity for the year under review was development, distribution and support of software solutions for education, public libraries, and corporate clients. The company positions itself as a "boutique vendor" offering carefully selected best-of-breed solutions that provide excellent value.

The company's proprietary product portfolio includes:

- |  | On-Premise Solutions: |  | Onelog (e-resource management), MyPC (PC reservation), and R&R (resource booking). |

- |  | SaaS Cloud Products: |  | Evalyou8 (customer feedback), Willow360 (workflow automation), and MyPC Cloud (workspace booking). |

- |  | Print/Copy/Scan Products: |  | DocSlide and various payment gateways |

ITS also serves as a key distribution partner for third-party solutions, notably as the primary PaperCut Authorised solution Center in Europe, alongside products from Princity, Kuario, Umango, Elatec, Inepro, and others.

The company operates through branches in Serbia, France, Germany, subsidiary undertakings in the USA, Spain and the Netherlands and through an associated company in India.

REVIEW OF BUSINESS

In the context of evolving market conditions, the directors are pleased with the company's financial performance. The company has maintained its investment in software development, particularly in SaaS product offerings, which are becoming increasingly central to ITS's long-term strategy. The directors are confident that this investment positions the company well for continued growth in the digital market. It should be noted that due to the nature of the company's business, significant amounts of software maintenance and subscription revenue (with associated costs and profits) are deferred into future financial years. During the course of this financial year, the profit deferred into the future increased by £971,734, giving a total net deferral carried forward at year-end of £1,837,266, which will be recognised as additional net income in future years' accounts.

KEY PERFORMANCE INDICATORS

| 2025 |  | 2024 |  | 2023 |  | 2022 |  |

Turnover |  | £13,944,819 |  | £16,251,925 |  | £19,493,353 |  | £15,187,213 |  |

Gross Profit |  | £4,231,309 |  | £6,869,404 |  | £5,432,738 |  | £5,990,014 |  |

Gross Profit Margin % |  | 30.34% |  | 42.27% |  | 27.86% |  | 39.44% |  |

Administrative Expenses |  | £4,805,624 |  | £5,462,130 |  | £5,364,889 |  | £5,018,604 |  |

Operating Profit |  | £583,822 |  | £2,023,438 |  | £230,566 |  | £1,141,904 |  |

PRINCIPAL RISKS AND UNCERTAINTIES

The company continues to address the need to evolve its portfolio in line with technological shifts, particularly the transition from on-premise to cloud solutions. Product development focuses on enhancing existing offerings while accelerating the development of SaaS products to meet changing market demands.

In relation to financial risks, the company remains exposed to currency fluctuations, mitigated by strong sales in the Euro zone and North America. The directors have determined that Brexit has not had a significant negative impact on operations, with logistical arrangements in place through European subsidiaries to fulfill EU orders.

To address operational risks, the company have upgraded ISO 27001:2013 to ISO 27001:2022 Information Security Management System accreditation alongside its ISO 9001:2015 Quality Management certification.

The company is currently implementing digital transformation initiatives to enhance operational efficiency and competitiveness in an AI-driven marketplace.

INFO TECHNOLOGY SUPPLY LIMITED (REGISTERED NUMBER: 02230502)

STRATEGIC REPORT

FOR THE YEAR ENDED 31ST MARCH 2025

ON BEHALF OF THE BOARD:

F Garcia Hernandez - Director

23rd January 2026

INFO TECHNOLOGY SUPPLY LIMITED (REGISTERED NUMBER: 02230502)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31ST MARCH 2025

The directors present their report with the financial statements of the company for the year ended 31st March 2025.

DIVIDENDS

The total distribution of dividends for the year ended 31st March 2025 will be £ 232,610 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1st April 2024 to the date of this report.

F Garcia Hernandez

J R Wright

R S Kalyan

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors 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 of the profit or loss of the company for that period. In preparing these financial statements, the directors are 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 directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and 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 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 directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director 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 company's auditors are aware of that information.

AUDITORS

Under section 487(2) of the Companies Act 2006, Sproull & Co., Chartered Accountants and Statutory Auditors, are deemed to be reappointed as auditors.

ON BEHALF OF THE BOARD:

F Garcia Hernandez - Director

23rd January 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

INFO TECHNOLOGY SUPPLY LIMITED

Opinion

We have audited the financial statements of Info Technology Supply Limited (the 'company') for the year ended 31st March 2025 which comprise the Profit and loss account, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 company's affairs as at 31st March 2025 and of its 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 company 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 directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

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

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

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, 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 Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

INFO TECHNOLOGY SUPPLY LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

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, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

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

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from

material misstatement, whether due to fraud or error, and to issue 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

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

- |  | Through assessing our cumulative acquired knowledge and review of relevant sector information, we gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. |

- |  | We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006, Financial Reporting Standards and UK taxation legislation. |

- |  | We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries to manipulate financial results and management bias in accounting estimates. |

- |  | We discussed among the engagement team how and where fraud might occur in the financial statements and any potential indicators of fraud. Furthermore, we communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. |

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

INFO TECHNOLOGY SUPPLY LIMITED

Based on the above, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. Our work included:

- |  | Discussions with management and those charged with governance in relation to known or suspected instances of non-compliance with laws and regulations and fraud as well as those policies and procedures designed to detect such instances. |

- |  | Obtaining an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the company's internal control. |

- |  | Evaluating the appropriateness of accounting policies used, evaluating the reasonableness and testing of significant accounting estimates and assessing whether the judgements made are indicative of a potential bias by management that represented a risk of material misstatement due to fraud. |

- |  | Testing of journal entries back to corroborating evidence. |

- |  | Reviewing the financial statement disclosures and agreeing to supporting documentation where relevant to assess compliance with relevant laws and regulations. |

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with the laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

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.

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.

Michelle Wickwar (Senior Statutory Auditor)

for and on behalf of Sproull & Co.

Chartered Accountants

Statutory Auditors

First Floor, Jebsen House

53-61 High Street

Ruislip

Middlesex

HA4 7BD

26th January 2026

INFO TECHNOLOGY SUPPLY LIMITED (REGISTERED NUMBER: 02230502)

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31ST MARCH 2025

2025 | 2024 |

| Notes | £ | £

TURNOVER | 13,944,819 |  | 16,251,925 |  |

Cost of sales | 9,713,510 |  | 9,382,521 |  |

GROSS PROFIT | 4,231,309 |  | 6,869,404 |  |

Administrative expenses | 4,805,624 |  | 5,462,130 |  |

(574,315 | ) | 1,407,274 |  |

Other operating income | 1,158,137 |  | 616,164 |  |

OPERATING PROFIT | 5 | 583,822 |  | 2,023,438 |  |

Exceptional item | 7 | - |  | 690,740 |  |

583,822 |  | 1,332,698 |  |

Interest receivable and similar income | 302 |  | 1,030 |  |

584,124 |  | 1,333,728 |  |

Loss/(gain) on sale of current investments | - |  | 11,953 |  |

584,124 |  | 1,345,681 |  |

Interest payable and similar expenses | 8 | 20,901 |  | 105 |  |

PROFIT BEFORE TAXATION | 563,223 |  | 1,345,576 |  |

Tax on profit | 9 | 26,924 |  | 124,685 |  |

PROFIT FOR THE FINANCIAL YEAR | 536,299 |  | 1,220,891 |  |

INFO TECHNOLOGY SUPPLY LIMITED (REGISTERED NUMBER: 02230502)

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31ST MARCH 2025

2025 | 2024 |

| Notes | £ | £

PROFIT FOR THE YEAR | 536,299 |  | 1,220,891 |  |

OTHER COMPREHENSIVE INCOME |

Translation of foreign operations | (1,793,288 | ) | 4,318 |  |

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

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | (1,793,288 | ) | 4,318 |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | (1,256,989 | ) | 1,225,209 |  |

INFO TECHNOLOGY SUPPLY LIMITED (REGISTERED NUMBER: 02230502)

BALANCE SHEET

31ST MARCH 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 11 | 66,799 |  | 71,248 |  |

Investments | 12 | 552,724 |  | 552,724 |  |

619,523 |  | 623,972 |  |

CURRENT ASSETS

Stocks | 13 | 66,158 |  | 42,198 |  |

Debtors | 14 | 5,111,290 |  | 9,776,331 |  |

Investments | 15 | - |  | 52,995 |  |

Cash at bank | 730,655 |  | 1,252,793 |  |

5,908,103 |  | 11,124,317 |  |

CREDITORS

Amounts falling due within one year | 16 | 3,612,246 |  | 6,105,403 |  |

NET CURRENT ASSETS | 2,295,857 |  | 5,018,914 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,915,380 |  | 5,642,886 |  |

CREDITORS

Amounts falling due after more than one year | 17 | (2,728,828 | ) | (3,964,319 | ) |

PROVISIONS FOR LIABILITIES | 19 | (16,297 | ) | (18,713 | ) |

NET ASSETS | 170,255 |  | 1,659,854 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 1,000 |  | 1,000 |  |

Other reserves | (1,334,331 | ) | 458,957 |  |

Retained earnings | 1,503,586 |  | 1,199,897 |  |

SHAREHOLDERS' FUNDS | 170,255 |  | 1,659,854 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 23rd January 2026 and were signed on its behalf by:

F Garcia Hernandez - Director

INFO TECHNOLOGY SUPPLY LIMITED (REGISTERED NUMBER: 02230502)

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31ST MARCH 2025

Called up |  |

share | Retained | Other | Total |

capital | earnings | reserves | equity |

| £ | £ | £ | £

Balance at 1st April 2023 | 1,000 |  | 289,006 |  | 454,639 |  | 744,645 |  |

Changes in equity

Total comprehensive income | - |  | 1,220,891 |  | 4,318 |  | 1,225,209 |  |

Dividends | - |  | (310,000 | ) | - |  | (310,000 | ) |

Balance at 31st March 2024 | 1,000 |  | 1,199,897 |  | 458,957 |  | 1,659,854 |  |

Changes in equity

Total comprehensive income | - |  | 536,299 |  | (1,793,288 | ) | (1,256,989 | ) |

Dividends | - |  | (232,610 | ) | - |  | (232,610 | ) |

Balance at 31st March 2025 | 1,000 |  | 1,503,586 |  | (1,334,331 | ) | 170,255 |  |

INFO TECHNOLOGY SUPPLY LIMITED (REGISTERED NUMBER: 02230502)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

1. | STATUTORY INFORMATION

| Info Technology Supply 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 Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| The financial statements are prepared in sterling which is the functional currency of the company.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of Section 7 Statement of Cash Flows.

| The company has taken advantage of the exemption available in accordance with Financial Reporting Standards 102, Section 33.1A, 'Related Party Disclosures' not to disclose transactions entered and outstanding balances between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

| Preparation of consolidated financial statements

| The financial statements contain information about Info Technology Supply Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Info Technology Supply Group Holdings Limited, 2 Hobbs House, Harrovian Business Village, Bessborough Road, Harrow, Middlesex, HA1 3EX.

| Turnover

| Turnover represents net invoiced sales of goods and services, excluding value added tax.

| In respect of maintenance agreements, income therefrom is released evenly over the period of the agreement.

INFO TECHNOLOGY SUPPLY LIMITED (REGISTERED NUMBER: 02230502)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Leasehold improvements |  | - straight line over the length of the lease |  |

| Land and buildings |  | - see below |  |

| Fixtures and fittings |  | - 20% on reducing balance |  |

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

| Computer equipment |  | - 33.3% on reducing balance |  |

| The above annual rates of depreciation are those rates used in the UK office. The company's branch in Spain provides depreciation on all classes of fixed assets on a straight line basis over 2 years. The branch in Serbia provides depreciation on its fixed assets at either 15% or 30% per annum, depending on the group of assets it falls within (as determined by the Serbian authorities).

| Land and buildings are shown at cost less any accumulated depreciation and any accumulated impairment losses.

| Land and buildings are depreciated over their estimated useful economic life after taking the residual value of the assets into consideration. The directors consider the residual value of the company's land and buildings to be in excess of the original cost and consequently no depreciation is provided.

| The residual value of the company's assets and whether the value has been impaired are considered by the directors on an annual basis.

| Investments in subsidiaries

| Investments held as fixed assets are stated at cost less provisions for impairment. Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is lower of its cost or recoverable amount.

| Stocks

| Stock and work in progress is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

INFO TECHNOLOGY SUPPLY LIMITED (REGISTERED NUMBER: 02230502)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Research and development

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

| Foreign currencies

| 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Exchange differences arising on the conversion at the balance sheet date of branches whose functional currency differs from the reporting currency are included within other reserves.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company contributes to personal pension scheme for employees and directors. The assets of the schemes are held independently of the company by an insurance company. The amount charged to the profit and loss account is the contributions payable in the year.

| Consolidation of foreign branches

| The results of the foreign branches in Spain, Serbia, France and Germany are incorporated into these financial statements by translating the profit and loss account balances at the average rates of exchange throughout the accounting period and the balance sheet balances at the year end prevailing rates.

| All inter-branch transactions are excluded so that only third party transactions remain within these financial statements.

| Unrealised exchange differences arising on items that form part of the company's net investment in a foreign branch are recognized in the Statement of Other Comprehensive Income.

| Financial instruments

| Financial instruments are classified according to the substance of the financial instrument's contractual obligations, as financial assets, financial liabilities or equity instruments.

| Financial instruments are initially measured at transaction price (after deducting transaction costs) and subsequently held at amortised costs.

INFO TECHNOLOGY SUPPLY LIMITED (REGISTERED NUMBER: 02230502)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

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

| In the application of the company's accounting policies, which are described in note 2, 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 critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

| Tangible fixed assets

| Tangible fixed assets are depreciated over their useful lives after taking into account residual value of the assets into consideration. Land and buildings are shown at cost less any accumulated depreciation and any accumulated impairment losses.

4. | EMPLOYEES AND DIRECTORS

2025 | 2024 |

| £ | £

| Wages and salaries | 3,225,233 |  | 3,413,741 |  |

| Social security costs | 396,096 |  | 411,604 |  |

| Other pension costs | 125,992 |  | 144,225 |  |

3,747,321 |  | 3,969,570 |  |

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

2025 | 2024 |

| Management | 3 |  | 3 |  |

| Sales and Marketing | 19 |  | 18 |  |

| Developers and Quality Assurance | 14 |  | 15 |  |

| Finance and Human Resource | 10 |  | 5 |  |

| Sales Order Processing | 15 |  | 10 |  |

| Technical Services | 17 |  | 13 |  |

| Pre sales | 7 |  | 6 |  |

85 |  | 70 |  |

2025 | 2024 |

| £ | £

| Directors' remuneration | 406,899 |  | 499,025 |  |

| Directors' pension contributions to money purchase schemes | 5,155 |  | 8,414 |  |

| Information regarding the highest paid director is as follows:

2025 | 2024 |

| £ | £

| Emoluments etc | 179,064 |  | 183,427 |  |

| Pension contributions to money purchase schemes | - |  | 2,825 |  |

INFO TECHNOLOGY SUPPLY LIMITED (REGISTERED NUMBER: 02230502)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

5. | OPERATING PROFIT

| The operating profit is stated after charging:

2025 | 2024 |

| £ | £

| Other operating leases | 168,898 |  | 191,502 |  |

| Depreciation - owned assets | 19,023 |  | 28,253 |  |

| Foreign exchange differences | 26,224 |  | 74,505 |  |

6. | AUDITORS' REMUNERATION

2025 | 2024 |

| £ | £

| Fees payable to the company's auditors for the audit of the company's financial statements | 37,250 |  | 36,000 |  |

| Auditors' remuneration for non audit work | 11,870 |  | 31,055 |  |

7. | EXCEPTIONAL ITEM

| During the previous financial year, the company identified an incident of fraud that resulted in a financial loss. The total loss incurred was £690,740 and took place in the company's branch in Serbia. Management has duly investigated and audited the fraudulent incident and have put an action plan in place to prevent a similar occurrence in the future.

| Although the company has reported the fraud to the Serbian judiciary, it has been confirmed that it is not possible to recover the financial loss and therefore, it has been written off in full in the Profit and Loss account in these Financial Statements.

8. | INTEREST PAYABLE AND SIMILAR EXPENSES |

2025 | 2024 |

| £ | £

| Interest payable | 20,901 |  | 105 |  |

INFO TECHNOLOGY SUPPLY LIMITED (REGISTERED NUMBER: 02230502)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

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 | 26,449 |  | 78,948 |  |

| Corporation tax prior year adjustment | - |  | 38,086 |  |

| Total current tax | 26,449 |  | 117,034 |  |

| Deferred tax:

| Deferred tax | 2,416 |  | 295 |  |

| Deferred tax re prior year adjustment | (1,941 | ) | 7,356 |  |

| Total deferred tax | 475 |  | 7,651 |  |

| Tax on profit | 26,924 |  | 124,685 |  |

| Reconciliation of total tax charge included in profit and loss

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

2025 | 2024 |

| £ | £

| Profit before tax | 563,223 |  | 1,345,576 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 140,806 |  | 336,394 |  |

| Effects of:

| Expenses not deductible for tax purposes | - |  | 194 |  |

| Depreciation in excess of capital allowances | 1,087 |  | 5,215 |  |

| Utilisation of tax losses | (79,143 | ) | (117,694 | ) |

| Foreign taxes subject to withholding tax | (18,724 | ) | (19,688 | ) |

| Research and development enhanced deduction | (44,026 | ) | (204,163 | ) |

| carried forward |

| Foreign taxes (repayable)/paid | 26,449 |  | 78,752 |  |

| Deferred tax movement | 475 |  | 295 |  |

| Tax adjustment for prior year (corporation tax and deferred tax) | - |  | 45,442 |  |

| Change in tax rate adjustment | - |  | (62 | ) |

| Total tax charge | 26,924 |  | 124,685 |  |

INFO TECHNOLOGY SUPPLY LIMITED (REGISTERED NUMBER: 02230502)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

9. | TAXATION - continued

| Tax effects relating to effects of other comprehensive income |

2025 |

| Gross |  | Tax |  | Net |

| £ | £ | £

| Translation of foreign operations | (1,793,288 | ) | - |  | (1,793,288 | ) |

2024 |

| Gross |  | Tax |  | Net |

| £ | £ | £

| Translation of foreign operations | 4,318 |  | - |  | 4,318 |  |

10. | DIVIDENDS

2025 | 2024 |

| £ | £

| Interim | 232,610 |  | 310,000 |  |

11. | TANGIBLE FIXED ASSETS

Fixtures |

Improvements | and | Computer |

to property | fittings | equipment | Totals |

| £ | £ | £ | £

| COST

| At 1st April 2024 | 43,438 |  | 136,350 |  | 138,522 |  | 318,310 |  |

| Additions | - |  | - |  | 14,574 |  | 14,574 |  |

| At 31st March 2025 | 43,438 |  | 136,350 |  | 153,096 |  | 332,884 |  |

| DEPRECIATION

| At 1st April 2024 | 43,438 |  | 86,868 |  | 116,756 |  | 247,062 |  |

| Charge for year | - |  | 10,033 |  | 8,990 |  | 19,023 |  |

| At 31st March 2025 | 43,438 |  | 96,901 |  | 125,746 |  | 266,085 |  |

| NET BOOK VALUE

| At 31st March 2025 | - |  | 39,449 |  | 27,350 |  | 66,799 |  |

| At 31st March 2024 | - |  | 49,482 |  | 21,766 |  | 71,248 |  |

INFO TECHNOLOGY SUPPLY LIMITED (REGISTERED NUMBER: 02230502)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

12. | FIXED ASSET INVESTMENTS

Shares in |

group |

undertakings |

| £

| COST

| At 1st April 2024

| and 31st March 2025 | 552,724 |  |

| NET BOOK VALUE

| At 31st March 2025 | 552,724 |  |

| At 31st March 2024 | 552,724 |  |

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

| Info Technology Supply Ltd.

| Registered office: 6306 N. Cicero Ave. Chicago, IL 60646, United States of America

| Nature of business: Distribution of products on behalf of the company

% |

| Class of shares: | holding |

| Ordinary $10 shares | 100.00 |

| iTS Benelux B.V.

| Registered office: Ruige Velddreef 135, 3831PG Leusden, Netherlands

| Nature of business: Distribution of products on behalf of the company

% |

| Class of shares: | holding |

| Common shares | 100.00 |

| ITS SW EU, S.L.

| Registered office: Unipersonal, domiciliada actualmente en Madrid 28031, Spain

| Nature of business: Distribution of products on behalf of the company

% |

| Class of shares: | holding |

| Ordinary | 100.00 |

13. | STOCKS

2025 | 2024 |

| £ | £

| Finished goods | 66,158 |  | 42,198 |  |

INFO TECHNOLOGY SUPPLY LIMITED (REGISTERED NUMBER: 02230502)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

14. | DEBTORS

2025 | 2024 |

| £ | £

| Amounts falling due within one year:

| Trade debtors | 710,437 |  | 1,296,719 |  |

| Amounts owed by group undertakings | 603,201 |  | 774,296 |  |

| Other debtors | 18,059 |  | 416,870 |  |

| Tax recoverable | 36,291 |  | 64,109 |  |

| Prepayments | 65,408 |  | 60,030 |  |

| Deferred purchase costs | 1,720,529 |  | 3,381,849 |  |

3,153,925 |  | 5,993,873 |  |

| Amounts falling due after more than one year:

| Deferred purchase costs | 1,957,365 |  | 3,782,458 |  |

| Aggregate amounts | 5,111,290 |  | 9,776,331 |  |

| The amounts owed by group undertakings are interest-free, unsecured and repayable on demand.

15. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

| £ | £

| Listed investments | - |  | 52,995 |  |

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

2025 | 2024 |

| £ | £

| Trade creditors | 419,663 |  | 1,342,134 |  |

| Taxation | 86,590 |  | 40,551 |  |

| Social security and other taxes | 92,180 |  | 90,608 |  |

| VAT | 79,490 |  | 346,088 |  |

| Other creditors | 15,624 |  | 29,546 |  |

| Accrued expenses | 132,367 |  | 190,956 |  |

| Deferred income | 2,786,332 |  | 4,065,520 |  |

3,612,246 |  | 6,105,403 |  |

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

2025 | 2024 |

| £ | £

| Deferred income | 2,728,828 |  | 3,964,319 |  |

INFO TECHNOLOGY SUPPLY LIMITED (REGISTERED NUMBER: 02230502)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

18. | FINANCIAL INSTRUMENTS

| Categorisation of financial instruments |  |

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Financial assets that are debt instruments measured at amortised cost |  | 2,062,352 |  |  | 3,740,678 |  |

| Financial liabilities measured at amortised cost |  | 567,654 |  |  | 1,562,636 |  |

| Financial assets measured at amortised cost comprises cash, trade debtors, amounts owed by group undertakings and other debtors.

| Financial liabilities measured at amortised cost comprises trade creditors, accrued expenses and other creditors.

19. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

| £ | £

| Deferred tax

| Deferred tax | 18,713 |  | 18,418 |  |

| Deferred taxation movement | (2,416 | ) | 295 |  |

16,297 |  | 18,713 |  |

Deferred tax |

| £

| Balance at 1st April 2024 | 18,713 |  |

| Utilised during year | (2,416 | ) |

| Balance at 31st March 2025 | 16,297 |  |

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

value: |  | £ | £

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

21. | ULTIMATE PARENT COMPANY

| The ultimate parent company is ITS Group Holdings Limited, a company registered and located at 2 Hobbs House, Harrovian Business Village, Bessborough Road, Harrow, Middlesex, HA1 3EX.

INFO TECHNOLOGY SUPPLY LIMITED (REGISTERED NUMBER: 02230502)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

22. | DEFERRED INCOME AND COSTS

| In respect of sales of maintenance agreements, income is recognised evenly over the period of the agreement. At 31st March 2025, a total of £5,515,160 (2024 - £8,029,839) is being carried forward as shown in notes 16 and 17.

| In respect of purchase of maintenance agreements, costs are recognised evenly over the period of the agreement. At 31st March 2025, a total of £3,677,894 (2024 - £7,164,307) is being carried forward as shown in note 14.

| The net total income being carried forward at 31st March 2025 of £1,837,266 (2024 - £865,532) will be recognised in subsequent years financial statements.