Acorah Software Products - Accounts Production 16.7.461 false true true 31 March 2024 1 April 2023 true 29 January 2026 1 April 2024 31 March 2025 31 March 2025 09397732 Mr Edward Swain iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09397732 2024-03-31 09397732 2025-03-31 09397732 2024-04-01 2025-03-31 09397732 frs-core:CurrentFinancialInstruments 2025-03-31 09397732 frs-core:Non-currentFinancialInstruments 2025-03-31 09397732 frs-core:ComputerEquipment 2025-03-31 09397732 frs-core:ComputerEquipment 2024-04-01 2025-03-31 09397732 frs-core:ComputerEquipment 2024-03-31 09397732 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-03-31 09397732 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-04-01 2025-03-31 09397732 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-03-31 09397732 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 09397732 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 09397732 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 09397732 frs-core:FurnitureFittings 2025-03-31 09397732 frs-core:FurnitureFittings 2024-04-01 2025-03-31 09397732 frs-core:FurnitureFittings 2024-03-31 09397732 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 09397732 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 09397732 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 09397732 frs-core:MotorVehicles 2025-03-31 09397732 frs-core:MotorVehicles 2024-04-01 2025-03-31 09397732 frs-core:MotorVehicles 2024-03-31 09397732 frs-core:ShareCapital 2025-03-31 09397732 frs-core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 09397732 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09397732 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09397732 frs-bus:FullAccounts 2024-04-01 2025-03-31 09397732 frs-bus:SmallEntities 2024-04-01 2025-03-31 09397732 frs-bus:Audited 2024-04-01 2025-03-31 09397732 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09397732 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 09397732 frs-core:CostValuation 2024-03-31 09397732 frs-core:AdditionsToInvestments 2025-03-31 09397732 frs-core:DisposalsRepaymentsInvestments 2025-03-31 09397732 frs-core:RevaluationsIncreaseDecreaseInInvestments 2025-03-31 09397732 frs-core:CostValuation 2025-03-31 09397732 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 09397732 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 09397732 frs-core:ListedExchangeTraded 2025-03-31 09397732 frs-core:ListedExchangeTraded 2024-03-31 09397732 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 09397732 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2025-03-31 09397732 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2025-03-31 09397732 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2025-03-31 09397732 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-03-31 09397732 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 09397732 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-03-31 09397732 frs-bus:Director1 2024-04-01 2025-03-31 09397732 4 2024-04-01 2025-03-31 09397732 frs-countries:EnglandWales 2024-04-01 2025-03-31 09397732 2023-03-31 09397732 2024-03-31 09397732 2023-04-01 2024-03-31 09397732 frs-core:CurrentFinancialInstruments 2024-03-31 09397732 frs-core:Non-currentFinancialInstruments 2024-03-31 09397732 frs-core:ShareCapital 2023-03-31 09397732 frs-core:ShareCapital 2024-03-31 09397732 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09397732 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-03-31 09397732 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09397732 4 2023-04-01 2024-03-31
Registered number: 09397732
Easytek Ltd
Director's Report and
Financial Statements
For The Year Ended 31 March 2025
Plan A Financials Ltd
Easytek Ltd
Contents
Contents

| Page
--- | ---
Company Information | 1
Director's Report | 2
Independent Auditor's Report | 3—5
Statement of Comprehensive Income | 6
Balance Sheet | 7
Statement of Changes in Equity | 8
Notes to the Financial Statements | 9—13

Page 1
Easytek Ltd
Company Information
For The Year Ended 31 March 2025
Company Information

Director | Mr Edward Swain
Company Number | 09397732
Registered Office | Unit 19 Lockwood Industrial Park
| Mill Mead Road
| London
| N17 9QP
Accountants | Plan A Financials Ltd
| ACCA
| Suite 17, Essex House Station Road
| Upminster
| Essex
| RM14 2SJ
Auditors | Ad Valorem Audit Services Limited
| 2 Manor Farm Court
| Old Wolverton Road
| Milton Keynes
| Buckinghamshire
| MK12 5NN

Page 1
Page 2
Easytek Ltd
Company No. 09397732
Director's Report For The Year Ended 31 March 2025
Director's Report
The director presents his report and the financial statements for the year ended 31 March 2025.
Principal Activity
The company's principal activity continues to be that of a vape retailer.
Directors
The director who held office during the year were as follows:

Mr Edward Swain

Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report 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 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 the financial statements the director is required to:

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

The director is 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. He is 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.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Director's Report is approved:

- the company has undergone a voluntary audit, which was initiated by the organisation itself, rather than being required by law or regulatory bodies. This decision reflects the company's commitment to transparency, accountability, and maintaining strong financial practices.
- so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and

- they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

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

Mr Edward Swain Director
29/01/2026

Page 2
Page 3
Independent Auditor's Report
to the Members of
Easytek Ltd
Independent Auditor's Report
Opinion
We have audited the financial statements of Easytek Ltd for the year ended 31 March 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity and the related notes, 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 - Section 1A for Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit/(loss) for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to smaller entities; 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 Auditor's 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 the provisions available for small entities, in the circumstances set out in note 12 to the financial statements, 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 entity's ability to continue as a going concern for a period of at least 12 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.
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 Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Director's Report 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the Director's Report.
We have nothing to report in respect of the following matters in relation to which 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 or 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, or
- the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Director's Report and from the requirement to prepare a Strategic Report.

Page 3
Page 4
Independent Auditor's Report (continued)
to the Members of
Easytek Ltd
Responsibilities of Directors
As explained more fully in the Director's Responsibilities Statement set out on page 2, 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 determine is 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 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.
Auditor's 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 an auditor's report 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:
In our process of identifying fraud risks, we assessed events or conditions that indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud ("fraud risk factors") to determine how fraud risks are relevant to our audit. Based on the auditing standards, we addressed two fraud risks that were relevant to our audit in relation to revenue recognition and management override of controls. Based upon our analysis of fraud risk factors, we have not identified any additional fraud risks.
Our audit procedures included an evaluation of the design, implementation as well as the operating effectiveness of internal controls relevant to mitigate these risks. We also performed substantive audit procedures, including detailed testing of high-risk journal entries and procedures to satisfy ourselves that revenue has been properly recognised in the financial statements in accordance with financial reporting standards and the Company's accounting policies. Through these procedures, we did not identify any material actual or suspected incidences of fraud.
We have evaluated facts and circumstances to assess laws and regulations relevant to the Company. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general and sector experience, through discussion with the Directors and other management (as required by auditing standards) and discussed with the Directors and other management regarding the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.
The potential effect of these laws and regulations on the financial statements varies considerably.
Firstly, the Company is subject to laws and regulations that directly affect the financial statements, including taxation and financial reporting (including related company legislation), and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.
Secondly, the Company is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect:
- Employment legislation, reflecting the Company's workforce
- Health and safety regulation, reflecting the Company's production, distribution, and operating processes
- Data privacy, reflecting the Company's management of personal and corporate data
Auditing standards limit the required audit procedures to identify non-compliance with these regulations to enquiry of the Directors and other management and inspection of regulatory and legal correspondence, if any. Through these procedures, we did not identify any material actual or suspected non-compliance in any of the above areas.
We note that our audit is not primarily designed to detect non-compliance with laws and regulations and the Directors and other management are responsible for such internal control as the Directors and other management of the Company determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to errors or fraud, including compliance with laws and regulations. Additionally, owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
Page 4
Page 5
Independent Auditor's Report (continued)
to the Members of
Easytek Ltd
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 that we are required to state to them in an auditor's report 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.

Zubair Arshad FCCA (Senior Statutory Auditor) for and on behalf of Ad Valorem Audit Services Limited , Statutory Auditor
29/01/2026
Ad Valorem Audit Services Limited 2 Manor Farm Court Old Wolverton Road Milton Keynes Buckinghamshire MK12 5NN

Page 5
Page 6
Easytek Ltd
Statement of Comprehensive Income
For The Year Ended 31 March 2025
Statement of Comprehensive Income

| 2025 |  | 2024
--- | --- | --- | ---
| Notes | £ |  | £
TURNOVER |  | 21,356,120 |  | 19,830,978
Cost of sales |  | (17,339,419 ) |  | (14,530,533 )
GROSS PROFIT |  | 4,016,701 |  | 5,300,445
Administrative expenses |  | (3,599,913 ) |  | (3,389,707 )
Other operating income |  | 718,162 |  | 419,403
Fair value gains on investments |  | 36,682 |  | 17,156
OPERATING PROFIT |  | 1,171,632 |  | 2,347,297
Other interest receivable and similar income |  | 37,206 |  | 17,752
Interest payable and similar charges |  | (38,892 ) |  | (8,024 )
PROFIT BEFORE TAXATION |  | 1,169,946 |  | 2,357,025
Tax on Profit |  | (298,569 ) |  | (586,811 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |  | 871,377 |  | 1,770,214
OTHER COMPREHENSIVE INCOME FOR THE YEAR |  | - |  | -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |  | 871,377 |  | 1,770,214

The notes on pages 9 to 13 form part of these financial statements.
Page 6
Page 7
Easytek Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 72,859 |  | 43,660
Tangible Assets | 5 |  | 173,761 |  | 219,982
Investments | 6 |  | 773,938 |  | 627,222
|  |  | 1,020,558 |  | 890,864
CURRENT ASSETS
Stocks | 7 | 1,112,702 |  | 711,319 |
Debtors | 8 | 795,467 |  | 737,585 |
Cash at bank and in hand |  | 1,314,788 |  | 1,569,167 |
|  | 3,222,957 |  | 3,018,071 |
Creditors: Amounts Falling Due Within One Year | 9 | (1,565,314 ) |  | (1,633,694 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,657,643 |  | 1,384,377
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,678,201 |  | 2,275,241
Creditors: Amounts Falling Due After More Than One Year | 10 |  | (1,000 ) |  | (2,500 )
NET ASSETS |  |  | 2,677,201 |  | 2,272,741
CAPITAL AND RESERVES
Called up share capital | 11 |  | 5,000 |  | 5,000
Profit and Loss Account |  |  | 2,672,201 |  | 2,267,741
SHAREHOLDERS' FUNDS |  |  | 2,677,201 |  | 2,272,741

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board

Mr Edward Swain Director
29/01/2026

The notes on pages 9 to 13 form part of these financial statements.
Page 7
Page 8
Easytek Ltd
Statement of Changes in Equity
For The Year Ended 31 March 2025
Statement of Changes in Equity

| Share Capital | Profit and Loss Account | Total
--- | --- | --- | ---
| £ | £ | £
As at 1 April 2023 | 5,000 | 734,187 | 739,187
Profit for the year and total comprehensive income | - | 1,770,214 | 1,770,214
Dividends paid | - | (236,660) | (236,660)
As at 31 March 2024 and 1 April 2024 | 5,000 | 2,267,741 | 2,272,741
Profit for the year and total comprehensive income | - | 871,377 | 871,377
Dividends paid | - | (466,917) | (466,917)
As at 31 March 2025 | 5,000 | 2,672,201 | 2,677,201

Page 8
Page 9
Easytek Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Easytek Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09397732 . The registered office is Unit 19 Lockwood Industrial Park, Mill Mead Road, London, N17 9QP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to 6 years on a straight line basis over their expected useful economic lives with no with no charge in the year of acquisition.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are trademarks. It is amortised to the profit and loss account over its estimated economic life of 5 years.
2.6. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases with no charge in the year of acquisition:

Motor Vehicles | 6 years SLM
Fixtures & Fittings | 6 years SLM
Computer Equipment | 6 years SLM

During the year to 31 March 2025, Easytek Ltd changed the method of depreciating its fixtures & fittings and computer equipment from 25% on a reducing balance basis to six years on a straight-line basis as this revised method better reflects the entity’s consumption over their useful lives and is consistent with the entity’s replacement cycle.
The change in depreciation method is a change in accounting estimate and is accounted for in the period of the change (i.e. in the current year) and in subsequent periods.
Page 9
Page 10
Easytek Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.7. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.8. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.9. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.10. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 33 (2024: 51)
33 51
Page 10
Page 11
Easytek Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
4. Intangible Assets

| Development Costs | Intellectual Property | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 47,000 | 1,290 | 48,290
Additions | 38,599 | - | 38,599
As at 31 March 2025 | 85,599 | 1,290 | 86,889
Amortisation
As at 1 April 2024 | 3,340 | 1,290 | 4,630
Provided during the period | 9,400 | - | 9,400
As at 31 March 2025 | 12,740 | 1,290 | 14,030
Net Book Value
As at 31 March 2025 | 72,859 | - | 72,859
As at 1 April 2024 | 43,660 | - | 43,660

5. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 April 2024 | 185,271 | 6,000 | 16,434 | 62,489 | 270,194
Additions | - | - | - | 2,933 | 2,933
Disposals | (35,000 ) | - | - | - | (35,000 )
As at 31 March 2025 | 150,271 | 6,000 | 16,434 | 65,422 | 238,127
Depreciation
As at 1 April 2024 | - | 3,000 | 10,143 | 37,069 | 50,212
Provided during the period | - | 1,000 | 2,739 | 10,415 | 14,154
As at 31 March 2025 | - | 4,000 | 12,882 | 47,484 | 64,366
Net Book Value
As at 31 March 2025 | 150,271 | 2,000 | 3,552 | 17,938 | 173,761
As at 1 April 2024 | 185,271 | 3,000 | 6,291 | 25,420 | 219,982

Page 11
Page 12
Easytek Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
6. Investments

| Subsidiaries | Listed | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 66 | 627,156 | 627,222
Additions | 35 | 110,000 | 110,035
Disposals | (1 ) | - | (1 )
Revaluations | - | 36,682 | 36,682
As at 31 March 2025 | 100 | 773,838 | 773,938
Provision
As at 1 April 2024 | - | - | -
As at 31 March 2025 | - | - | -
Net Book Value
As at 31 March 2025 | 100 | 773,838 | 773,938
As at 1 April 2024 | 66 | 627,156 | 627,222

Easytek Ltd holds investments in listed shares. The investment being measured at fair value, via the readily available market quotation, with changes in fair value being recorded through profit or loss.
7. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Materials | 1,112,702 |  | 711,319

8. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 197,738 |  | 345,754
Amounts owed by group undertakings | 338,717 |  | 291,113
Other debtors | 259,012 |  | 100,718
| 795,467 |  | 737,585

The parent-subsidiary relationship is primarily based on the equity interests held by Easytek Ltd in the subsidiaries Sync Distribution Limited and E-Liquids Superstore Limited.
9. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 565,594 |  | 672,016
Bank loans and overdrafts | 25,250 |  | 2,377
Amounts owed to group undertakings | 100 |  | 66
Amounts owed to participating interests | 93,961 |  | 193,961
Other creditors | 353,756 |  | 61,316
Taxation and social security | 526,653 |  | 703,958
| 1,565,314 |  | 1,633,694

Page 12
Page 13
Easytek Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
10. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 1,000 |  | 2,500

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 5,000 |  | 5,000

12. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
Page 13