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REGISTERED NUMBER: SC503166 (Scotland)

Group Strategic Report, Report of the Directors and

Audited Consolidated Financial Statements For The Year Ended 30 September 2025

for

Kick ICT Group Limited

| Kick ICT Group Limited (Registered number: SC503166) |

Contents of the Consolidated Financial Statements

For The Year Ended 30 September 2025

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Directors | 7 |

| Report of the Independent Auditors | 9 |

| Consolidated Statement of Comprehensive Income | 13 |

| Consolidated Statement of Financial Position | 15 |

| Company Statement of Financial Position | 16 |

| Consolidated Statement of Changes in Equity | 17 |

| Company Statement of Changes in Equity | 18 |

| Consolidated Statement of Cash Flows | 19 |

| Notes to the Consolidated Statement of Cash Flows | 20 |

| Notes to the Consolidated Financial Statements | 21 |

| Kick ICT Group Limited |

Company Information

For The Year Ended 30 September 2025

| DIRECTORS: | J Kenny

| A McDonald

| M Stevenson

| A Taylor

| S Brown

| REGISTERED OFFICE: | Solais House

| 19 Phoenix Crescent

| Strathclyde Business Park

| Bellshill

| ML4 3NJ

| REGISTERED NUMBER: | SC503166 (Scotland)

| INDEPENDENT AUDITORS: | Robb Ferguson

| Chartered Accountants & Statutory Auditors

| Regent Court

| 70 West Regent Street

| Glasgow

| G2 2QZ

| Kick ICT Group Limited (Registered number: SC503166) |

Group Strategic Report

For The Year Ended 30 September 2025

The directors present their strategic report of the company and the group for the year ended 30 September 2025.

BUSINESS OVERVIEW

The Kick ICT Group is a single source ICT group headquartered in Scotland. The group are one of a few organisations of scale in the UK who provide professional and managed services, focussed on digital transformation and enablement services, to a customer base ranging in size from SMB through to Enterprise.

REVIEW OF BUSINESS

The Group is delighted to report on another set of strong results for the year as it builds upon the solid foundations established over the last decade.

Revenues in the year were £27.0m with positive momentum in the Group's core Professional Services and Managed Support service offerings. The last 12 months has seen the Group continuing to deliver across multiple fronts through:

- Winning an increased number of new logos across core service offerings;

- Delivering strong growth across a number of key customer accounts; and

- Maintaining high levels of customer retention

FY25 saw the Group deliver EBITDA of £4.5m as we made a number of investments in the cost base to drive growth in future years. Key investments in the year included:

- Bolstering the Senior Leadership Team with Melanie Stevenson recruited as the Group's new Sales Director

- Establishing a new Demand Generation team with a focus on delivering an increased number of new logo opportunities for the Group.

- Restructuring the sales team with dedicated New Business and Account Management functions

- Doubling the size of the Marketing team to support the restructured sales teams

- Introduction of a new sales commission plan to encourage cross sell within the core revenue streams

- Investment in a Service Delivery team with a focus on delivering best in class service to our customers

FY25 saw the Group continue its track record of strong cash generation. The year ended with £3.5m of cash in the bank which combined with our Committed Acquisition Facility, provides the Group with the necessary firepower to execute on our M&A strategy.

The year ended with the planned retirement of our co-founder and CEO Tom O'Hara. Following an extensive recruitment process the Group was delighted to announce the appointment of Steven Brown as the Group's new CEO, starting in February 2026.

Business Model

The Group's business model provides excellent forward financial visibility, with multiple services provided to over 1,000 SME customers throughout the UK.

The overall strength of the model is underpinned by, high levels of recurring revenue, strong customer retention, low customer concentration, a highly skilled workforce, a growing pipeline, a strong back-order book and a positive cash cycle.

Accreditations

The Group continues to hold a suite of accreditations to ensure customers receive a best in class service from our various teams. Over the years the Group has invested in systems, core infrastructure and automation to build a more scalable modern service organisation.

Software Intellectual Property

The Group continues to invest in and enhance its portfolio of proprietary software, building on the strong foundations established in previous years. Ongoing development across our Microsoft Dynamics-based solutions has further strengthened our Business Central Housing and Not for Profit offerings, helping customers streamline financial and operational processes and enabling organisations to focus on delivering value to the communities they serve.

| Kick ICT Group Limited (Registered number: SC503166) |

Group Strategic Report

For The Year Ended 30 September 2025

During the year, we have also continued to develop and promote our Subscribe360 Membership Relations Management solution, strengthening our position in the membership sector and increasing market awareness through industry events and thought leadership activity.

A major area of focus throughout the year has been the continued evolution of KickSecure. Development has centred on expanding the range of measurable metrics and capabilities available to customers, supporting improved cyber resilience and helping organisations better understand and strengthen their security posture.

Collectively, these investments reflect the Group's ongoing commitment to innovation, differentiation and long-term growth through the development of its own intellectual property.

Kick Secure

The Group understands that customers security posture is of paramount importance. The last 12 months has seen the Group expand its product offerings in the area. Our core IP, Kick Secure Premium, has been developed to include industry leading benchmarking and deepening the security baseline delivered.

With over 200 customers already using our security offerings, the Group is well placed to accelerate uptake over the next year.

Artificial Intelligence (AI)

The Group has continued to invest significant time and resource over the last year to sharpen our AI proposition.

The Group is using AI-assisted development to accelerate delivery of internal front-end systems, increasing automation and productivity across the business. Externally we are increasingly engaging with customers to turn AI into outcomes, through workshops, public speaking, and targeted consultancy engagements.

The Group continues to see AI as a key differentiator going forward.

Datacentre and Azure

The Group remains well positioned to advise and assist customers on their journey to the cloud. In the past 12 months we have invested £250k in upgrading its Nutanix platform, ensuring customers continue to have access to the best-in-class technology.

Overall Datacentre and Azure revenues have increased over the last 12 months and are now in excess of £1.7m.

Acquisitions

M&A continues to be a core element of the Group's strategy, with a number of discussions ongoing.

Post year end the Group completed the acquisition of a Microsoft Business Central customer base. This acquisition further enhances our skillset within the Dynamics division which we continue to see as an area of strong growth opportunity.

| Kick ICT Group Limited (Registered number: SC503166) |

Group Strategic Report

For The Year Ended 30 September 2025

PRINCIPAL RISKS AND UNCERTAINTIES

The Group operates within a formal framework of budgetary control, forecasting and financial reporting to manage credit, liquidity and other risks. No speculative transactions are undertaken. Key risks include:

Credit Risk

The Group's primary financial assets are cash and receivables. The primary operational credit risk relates to trade debtors, which the Group manages by a formal credit limit process underpinned by dedicated credit control working to monthly cash collection targets.

In addition, rolling 90-day cashflows are prepared and there is a rigorous "next three years" financial planning model, which ensures development and acquisition spend, is appropriately planned, managed and controlled.

Liquidity Risk

Liquidity is managed through rigorous cashflow control and active credit management. The Group has significant cash reserves and considerable backing from its funding partner TDC and shareholders LDC.

Market Risk

The Group's exposure to interest rate fluctuations arises primarily from borrowings on variable interest rates. Where appropriate, the Group may enter into fixed rate arrangements or hedging instruments to managed exposure.

Customer Risk

With respect to customer retention and acquisition, the Group operates in a competitive environment across multiple product sets and geographies. The scale of our customer base across the UK mitigates this risk and specific processes focussed on customer retention and outstanding product, service and support delivery, manage the risks associated with retaining and growing our customer base.

Technology Risk

There is competition from existing and emerging technologies across all divisions within the Group. The Board recognises this risk and seeks to mitigate by engaging with industry leading vendors such as Microsoft and Infor as well as operating a formal "stack" selection process to ensure that all of our product, service and support offerings are positioned appropriately within our chosen markets and provide outstanding value for money.

Acquisition Risk

The Group will continue its strategy of complementary acquisitions across all divisions. There can be no guarantee however, that satisfactory acquisition terms will be agreed, which will impact the planned rate of expansion. In addition, post-acquisition there is no certainty that the associated customer base can be integrated, retained and developed. Resource focussed on deal terms, due diligence and integration are designed to mitigate and manage the risks associated with growing the Group.

People Risk

People remain the Group's most valuable asset. Employee retention and the ability to identify and recruit suitably talented staff directly impact the Group's growth ambitions. As we develop, our people development programme alongside our "grow our own" Kick Academy graduate scheme and talent acquisition queue across all divisions are specifically designed to mitigate the employee risk and support our growth.

| Kick ICT Group Limited (Registered number: SC503166) |

Group Strategic Report

For The Year Ended 30 September 2025

KEY PERFORMANCE INDICATORS

Performance is monitored on a regular basis against the following KPI's

| 2025 |  |  | 2024 |  |

Turnover |  |  | £26,950k |  |  | £28,750k |  |

Recurring revenue % |  |  | 73% |  |  | 70% |  |

EBITDA |  |  | £4,525k |  |  | £4,603k |  |

EBITDA % |  |  | 17% |  |  | 15% |  |

Annualised Recurring Revenue |  |  | £20,035k |  |  | £20,069k |  |

Back order book (days) |  |  | 3,678 |  |  | 4,475 |  |

Pipeline |  |  | £13,827k |  |  | £10,513k |  |

Customer retention/ NPS |  |  | 9.2 |  |  | 9.2 |  |

Staff Turnover |  |  | 15% |  |  | 22% |  |

ESG

The Group believe that integrating environmental, social and governance ("ESG") considerations across the business enables us to accelerate our customers' success whilst looking after the environment and society. The Group continues to develop its ESG roadmap with initiatives and investments in year including:

Environmental

The Group has increased the focus on its carbon footprint in the last year and is on the journey to becoming carbon neutral within the next 12 months.

Energy efficiency improvements during the year included:

- Significant investment in more energy efficient core infrastructure

- EV car scheme rolled out to all staff

- More hybrid and electrical vehicles within our fleet

- Kick's head office is moving towards using 100% renewable energy

Social

Kick is proud to continue to support a number of local and national charities with event support and donation. The Company introduced employee charity days to enable staff to give back to the community.

Kick is a real living wage employer and during the year joined the "The Good Business Charter" which sets a clear benchmark for responsible businesses in the UK.

Governance

The Board ensures that all legal regulatory duties are adhered to, including but not limited to those of the Companies Act 2006. Qualified individuals are appointed the responsibility of filing Company accounts, confirmation statements and maintaining statutory registers. The Group has external legal counsel to support these activities.

| Kick ICT Group Limited (Registered number: SC503166) |

Group Strategic Report

For The Year Ended 30 September 2025

EMPLOYEES

Engagement

The Group is committed to creating an environment where employees feel valuated, motivated and inspired to perform at their best. The Group believes that our employees' contribution is directly proportional to our company's success, and as the Group continues to grow, the Group remains dedicated to nurturing this as a fundamental aspect of our business. Initiatives used to promote employee engagement include:

- Open Communication Channels: The Group encourages open and transparent communication at all levels, and senior management demonstrate this with regular townhall events. Our annual Employee Engagement Survey, now in its fourth year, continues to provide invaluable insights and used to shape the engagement strategy going forward.

- Recognition and Rewards: The Group believes in recognising and rewarding employees for their contributions and achievements through award events, team incentives and by encouraging teams to share successes on the Intranet.

- Professional Development: Through the Kick Academy, the Group continues to develop the next generation of IT experts as more graduates were welcomed this year. In addition, the Group invests in the professional development of its employees, offering training programs and workshops to enhance skills, knowledge and career growth. The employee appraisal process allows for two-way feedback on development progress and ambitions to encourage and promote employees reaching their full potential.

Equal Opportunities

The Group is committed to providing equal opportunities for all employees, regardless of their background, race, gender, age, sexual orientation, disability or any other characteristic. The Group believes it is essential for driving innovation and for building a culture of respect and belonging. Commitment is shown by:

- Diversity and Inclusion Policies: The Group has established comprehensive diversity and inclusion policies that promote a culture of respect, fairness and equity.

- Recruitment and Hiring Policies: The Group employs a fair and inclusive recruitment and hiring practices to attract a diverse pool of candidates.

- Training and Awareness: The Group provides training and awareness programs to educate employees about diversity, including and unconscious bias. These programs aim to foster greater awareness, empathy, and understanding amount employees and promote a culture of respect and inclusivity.

FUTURE DEVELOPMENTS

Outlook

The Board is fully supportive of the Group's growth strategy.

The Group will continue to invest to support our mission statement of "adding value and providing outstanding service to the customers who choose to work with us".

2026 will be another exciting year for the Group and we look forward with optimism to progressing our plans to enter new markets and provide additional product and service offerings to our existing and new customers.

ON BEHALF OF THE BOARD:

A McDonald - Director

9 March 2026

| Kick ICT Group Limited (Registered number: SC503166) |

Report of the Directors

For The Year Ended 30 September 2025

The directors present their report with the financial statements of the company and the group for the year ended 30 September 2025.

DIVIDENDS

No interim dividend was paid on the Ordinary £1 shares. The directors recommend that no final dividend be paid on these shares.

The total distribution of dividends for the year ended 30 September 2025 will be £nil.

DIRECTORS

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

J Kenny

A McDonald

Other changes in directors holding office are as follows:

A L Turnbull- resigned 31 December 2024

M Stevenson- appointed 31 March 2025

G L Neville- resigned 25 May 2025

A Taylor- appointed 1 August 2025

T O'Hara C.A- resigned 30 September 2025

S Brown was appointed as a director after 30 September 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 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 directors are 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 each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

| Kick ICT Group Limited (Registered number: SC503166) |

Report of the Directors

For The Year Ended 30 September 2025

AUDITORS

The auditors, Robb Ferguson, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A McDonald - Director

9 March 2026

Report of the Independent Auditors to the Members of

Kick ICT Group Limited

Opinion

We have audited the financial statements of Kick ICT Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, 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 September 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 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 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 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 Group 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 Group 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 Group 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

Kick ICT Group Limited

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 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 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 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 seven, 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 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 directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

Kick ICT Group Limited

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 the 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 laws and regulations;

- We identified the laws and regulations applicable to the company through discussions with directors and other

management, and from our wider knowledge and experience;

- 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 company, including the Companies Act 2006 and FRS 102

- 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 remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material 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

Audit response to risks identified

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 journal entries to identify unusual transactions;

- Assessed whether judgements and assumptions made in determining the accounting estimates set out 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; and

- Requesting correspondence with HMRC and Companies House.

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

Kick ICT 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.

Graham Cantlay CA (Senior Statutory Auditor)

for and on behalf of Robb Ferguson

Chartered Accountants & Statutory Auditors

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

11 March 2026

| Kick ICT Group Limited (Registered number: SC503166) |

Consolidated

Statement of Comprehensive

Income

For The Year Ended 30 September 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 26,950,045 |  | 28,749,915 |  |

Cost of sales | 10,687,528 |  | 12,806,695 |  |

GROSS PROFIT | 16,262,517 |  | 15,943,220 |  |

Administrative expenses | 11,737,337 |  | 11,366,309 |  |

|  | 4,525,180 |  | 4,576,911 |  |

Other operating income | - |  | 26,382 |  |

OPERATING PROFIT BEFORE DEPRECIATION AND AMORTISATION |  | 4,525,180 |  | 4,603,293 |  |

Amortisation and depreciation | 2,024,987 |  | 1,960,967 |  |

OPERATING PROFIT | 5 | 2,500,193 |  | 2,642,326 |  |

Foreign exchange losses | 6 | - |  | (94,000 | ) |

Mergers & Acquisitions | 6 | - |  | (89,002 | ) |

Reorganisation costs | 6 | (214,408 | ) | (76,030 | ) |

Stock write off | 6 | (57,535 | ) | - |  |

2,228,250 |  | 2,383,294 |  |

Interest receivable and similar income | 35,589 |  | 3,398 |  |

2,263,839 |  | 2,386,692 |  |

Gain/loss on revaluation of investments | 9,473 |  | 11,818 |  |

2,273,312 |  | 2,398,510 |  |

Interest payable and similar expenses | 7 | 479,237 |  | 668,683 |  |

PROFIT BEFORE TAXATION | 1,794,075 |  | 1,729,827 |  |

Tax on profit | 8 | 198,732 |  | 378,637 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,595,343 |  | 1,351,190 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,595,343 |  | 1,351,190 |  |

| Kick ICT Group Limited (Registered number: SC503166) |

Consolidated

Statement of Comprehensive

Income

For The Year Ended 30 September 2025

| 2025 |  | 2024

£ | £ |

Profit attributable to:

Owners of the parent | 1,593,685 |  | 1,331,692 |  |

Non-controlling interests | 1,658 |  | 19,498 |  |

1,595,343 |  | 1,351,190 |  |

Total comprehensive income attributable to:

Owners of the parent | 1,593,685 |  | 1,331,692 |  |

Non-controlling interests | 1,658 |  | 19,498 |  |

1,595,343 |  | 1,351,190 |  |

| Kick ICT Group Limited (Registered number: SC503166) |

Consolidated Statement of Financial Position

30 September 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 10 | 10,633,614 |  | 11,816,637 |  |

Tangible assets | 11 | 391,413 |  | 170,232 |  |

Investments | 12 | 100,665 |  | 91,192 |  |

11,125,692 |  | 12,078,061 |  |

CURRENT ASSETS

Stocks | 13 | 6,393 |  | 50,264 |  |

Debtors | 14 | 4,521,414 |  | 4,556,046 |  |

Cash at bank and in hand | 3,450,093 |  | 3,271,443 |  |

7,977,900 |  | 7,877,753 |  |

CREDITORS

Amounts falling due within one year | 15 | 7,859,626 |  | 9,874,857 |  |

NET CURRENT ASSETS/(LIABILITIES) | 118,274 |  | (1,997,104 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 11,243,966 |  | 10,080,957 |  |

PROVISIONS FOR LIABILITIES | 17 | (98,669 | ) | (22,625 | ) |

DEFERRED INCOME | 18 | (2,911,892 | ) | (3,375,509 | ) |

NET ASSETS | 8,233,405 |  | 6,682,823 |  |

CAPITAL AND RESERVES

Called up share capital | 19 | 166,668 |  | 166,668 |  |

Capital redemption reserve | 20 | 50,000 |  | 50,000 |  |

Retained earnings | 20 | 8,016,737 |  | 6,423,052 |  |

SHAREHOLDERS' FUNDS | 8,233,405 |  | 6,639,720 |  |

NON-CONTROLLING INTERESTS | - |  | 43,103 |  |

TOTAL EQUITY | 8,233,405 |  | 6,682,823 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 9 March 2026 and were signed on its behalf by:

A McDonald - Director

| Kick ICT Group Limited (Registered number: SC503166) |

Company Statement of Financial Position

30 September 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 10 | 9,734,729 |  | 9,363,288 |  |

Tangible assets | 11 | 386,922 |  | 169,638 |  |

Investments | 12 | 3,157,053 |  | 5,000,002 |  |

13,278,704 |  | 14,532,928 |  |

CURRENT ASSETS

Stocks | 13 | 6,393 |  | 39,977 |  |

Debtors | 14 | 4,056,507 |  | 3,495,484 |  |

Cash at bank and in hand | 3,117,166 |  | 2,943,457 |  |

7,180,066 |  | 6,478,918 |  |

CREDITORS

Amounts falling due within one year | 15 | 11,006,323 |  | 13,133,698 |  |

NET CURRENT LIABILITIES | (3,826,257 | ) | (6,654,780 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 9,452,447 |  | 7,878,148 |  |

PROVISIONS FOR LIABILITIES | 17 | (97,546 | ) | (18,561 | ) |

DEFERRED INCOME | 18 | (2,521,486 | ) | (2,547,033 | ) |

NET ASSETS | 6,833,415 |  | 5,312,554 |  |

CAPITAL AND RESERVES

Called up share capital | 19 | 166,668 |  | 166,668 |  |

Capital redemption reserve | 20 | 50,000 |  | 50,000 |  |

Retained earnings | 20 | 6,616,747 |  | 5,095,886 |  |

SHAREHOLDERS' FUNDS | 6,833,415 |  | 5,312,554 |  |

Company's profit for the financial year | 1,520,861 |  | 1,090,143 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 9 March 2026 and were signed on its behalf by:

A McDonald - Director

| Kick ICT Group Limited (Registered number: SC503166) |

Consolidated Statement of Changes in Equity

For The Year Ended 30 September 2025

| Called up |  | Capital

| share |  | Retained |  | redemption

| capital |  | earnings |  | reserve

£ | £ | £ |

Balance at 1 October 2023 | 166,668 |  | 5,091,360 |  | 50,000 |  |

Changes in equity

Total comprehensive income | - |  | 1,331,692 |  | - |  |

166,668 |  | 6,423,052 |  | 50,000 |  |

Acquisition of non-controlling interest | - |  | - |  | - |  |

Balance at 30 September 2024 | 166,668 |  | 6,423,052 |  | 50,000 |  |

Changes in equity

Total comprehensive income | - |  | 1,593,685 |  | - |  |

166,668 |  | 8,016,737 |  | 50,000 |  |

Acquisition of non-controlling interest | - |  | - |  | - |  |

Balance at 30 September 2025 | 166,668 |  | 8,016,737 |  | 50,000 |  |

| Non-controlling |  | Total

| Total |  | interests |  | equity

£ | £ | £ |

Balance at 1 October 2023 | 5,308,028 |  | 61,027 |  | 5,369,055 |  |

Changes in equity

Total comprehensive income | 1,331,692 |  | 19,498 |  | 1,351,190 |  |

6,639,720 |  | 80,525 |  | 6,720,245 |  |

Acquisition of non-controlling interest | - |  | (37,422 | ) | (37,422 | ) |

Balance at 30 September 2024 | 6,639,720 |  | 43,103 |  | 6,682,823 |  |

Changes in equity

Total comprehensive income | 1,593,685 |  | 1,658 |  | 1,595,343 |  |

8,233,405 |  | 44,761 |  | 8,278,166 |  |

Acquisition of non-controlling interest | - |  | (44,761 | ) | (44,761 | ) |

Balance at 30 September 2025 | 8,233,405 |  | - |  | 8,233,405 |  |

| Kick ICT Group Limited (Registered number: SC503166) |

Company Statement of Changes in Equity

For The Year Ended 30 September 2025

| Called up |  | Capital |

| share |  | Retained |  | redemption |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 October 2023 | 166,668 |  | 4,005,743 |  | 50,000 |  | 4,222,411 |  |

Changes in equity

Total comprehensive income | - |  | 1,090,143 |  | - |  | 1,090,143 |  |

Balance at 30 September 2024 | 166,668 |  | 5,095,886 |  | 50,000 |  | 5,312,554 |  |

Changes in equity

Total comprehensive income | - |  | 1,520,861 |  | - |  | 1,520,861 |  |

Balance at 30 September 2025 | 166,668 |  | 6,616,747 |  | 50,000 |  | 6,833,415 |  |

| Kick ICT Group Limited (Registered number: SC503166) |

Consolidated Statement of Cash Flows

For The Year Ended 30 September 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 1,580,829 |  | 3,171,191 |  |

Interest paid | - |  | (110,469 | ) |

Tax paid | (345,498 | ) | (406,110 | ) |

Net cash from operating activities | 1,235,331 |  | 2,654,612 |  |

Cash flows from investing activities

Purchase of intangible fixed assets | (209,586 | ) | (2,102,269 | ) |

Purchase of tangible fixed assets | (338,100 | ) | (75,095 | ) |

Cash obtained on acquisition | - |  | 794,174 |  |

Capitalised salaries | (561,036 | ) | (443,736 | ) |

Interest received | 35,589 |  | 3,398 |  |

Net cash from investing activities | (1,073,133 | ) | (1,823,528 | ) |

Cash flows from financing activities

New loans in year | - |  | 5,901,292 |  |

Loan repayments in year | - |  | (4,805,988 | ) |

Amount introduced by directors | 16,452 |  | - |  |

Amount withdrawn by directors | - |  | (3,547 | ) |

Net cash from financing activities | 16,452 |  | 1,091,757 |  |

Increase in cash and cash equivalents | 178,650 |  | 1,922,841 |  |

Cash and cash equivalents at beginning of year | 2 | 3,271,443 |  | 1,348,602 |  |

Cash and cash equivalents at end of year | 2 | 3,450,093 |  | 3,271,443 |  |

| Kick ICT Group Limited (Registered number: SC503166) |

Notes to the Consolidated Statement of Cash Flows

For The Year Ended 30 September 2025

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

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 1,794,075 |  | 1,729,827 |  |

| Depreciation charges | 2,024,987 |  | 1,960,967 |  |

| Gain on revaluation of fixed assets | (9,473 | ) | (11,818 | ) |

| Finance costs | 479,237 |  | 668,683 |  |

| Finance income | (35,589 | ) | (3,398 | ) |

4,253,237 |  | 4,344,261 |  |

| Decrease in stocks | 43,871 |  | 7,998 |  |

| Decrease in trade and other debtors | 18,180 |  | 220,269 |  |

| Decrease in trade and other creditors | (2,734,459 | ) | (1,401,337 | ) |

| Cash generated from operations | 1,580,829 |  | 3,171,191 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

| Year ended 30 September 2025

| 30.9.25 |  | 1.10.24

£ | £ |

| Cash and cash equivalents | 3,450,093 |  | 3,271,443 |  |

| Year ended 30 September 2024

| 30.9.24 |  | 1.10.23

£ | £ |

| Cash and cash equivalents | 3,271,443 |  | 1,348,602 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.10.24 | Cash flow | At 30.9.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 3,271,443 |  | 178,650 |  | 3,450,093 |  |

3,271,443 |  | 178,650 |  | 3,450,093 |  |

| Total | 3,271,443 |  | 178,650 |  | 3,450,093 |  |

| Kick ICT Group Limited (Registered number: SC503166) |

Notes to the Consolidated Financial Statements

For The Year Ended 30 September 2025

1. | STATUTORY INFORMATION

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

| The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

| Turnover

| Turnover comprises the value of goods and services supplied by the company, exclusive of Value Added Tax and trade discounts. Revenue is not recognised until the amount of revenue can be measured reliably and it is probable that the company will receive the consideration due. Turnover includes maintenance contract income that is recognised over the period of a contract on a straight line basis. Revenue from the sale of goods and licences is recognised once the company has transferred the significant risk and rewards of ownership to the buyer.

| Goodwill

| Goodwill representing the excess of the cost of the acquisition of subsidiary undertakings over the fair value of the assets acquired and other purchased goodwill, is capitalised in the year of acquisition and is being amortised evenly over its useful life of ten years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Patents and licences are being amortised evenly over their estimated useful life of nil years.

| Computer software is being amortised evenly over its estimated useful life of ten years.

| Development expenditure is capitalised where the directors are satisfied as to the technical, commercial and financial viability of the individual project. In such cases, the identifiable expenditure, including a proportion of wages costs are deferred and amortised over the period by which the company is expected to benefit which is currently assessed as ten years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixed plant and equipment | - | 33.33% on cost, 25% on cost and 25% - 50% per annum straight line

| Fixtures and fittings | - | 25% on cost and 20% on cost

| Motor vehicles | - | 25% on cost

| Computer equipment | - | 25% on cost

| Stocks

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

| Kick ICT Group Limited (Registered number: SC503166) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 30 September 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the statement of comprehensive income. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the statement of comprehensive income.

| 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 statement of financial position date.

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Pension costs and other post-retirement benefits

| The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to the statement of comprehensive income in the period to which they relate.

| Investments

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

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

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities reported at the balance sheet date and the amounts reported for revenue and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements and estimates have had the most significant effects on amounts recognised in the financial statements.

| Amortisation and Depreciation

| The estimates and assumptions used to determine the amortisation and depreciation charge requires judgements to be made as regards asset useful lives and residual values. The useful lives and residual values of the company's fixed assets are determined by management at the time the asset is acquired and reviewed annually for appropriateness. The lives are based on historical experience with similar assets. Historically, changes in useful lives have not resulted in material changes to the company's amortisation and depreciation charge.

| Kick ICT Group Limited (Registered number: SC503166) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 30 September 2025

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 8,530,880 |  | 8,467,261 |  |

| Social security costs | - |  | 13,457 |  |

| Other pension costs | 368,982 |  | 316,742 |  |

8,899,862 |  | 8,797,460 |  |

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

| 2025 |  | 2024

| Management | 4 |  | 4 |  |

| Administration | 32 |  | 34 |  |

| Sales | 21 |  | 20 |  |

| Technical | 46 |  | 47 |  |

| Applications | 57 |  | 63 |  |

| Comms | 5 |  | 7 |  |

165 |  | 175 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | - |  | 113,925 |  |

| Directors' pension contributions to money purchase schemes | - |  | 48,717 |  |

| Subsequent to LDC’s investment in December 2023, directors’ remuneration is held within Solais Limited.

5. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 116,919 |  | 89,539 |  |

| Goodwill amortisation | 1,709,406 |  | 1,691,280 |  |

| Patents and licences amortisation | 1,028 |  | - |  |

| Computer software amortisation | 197,634 |  | 180,149 |  |

| Auditors' remuneration | 26,300 |  | 25,540 |  |

| Foreign exchange differences | 350 |  | 3,331 |  |

| Kick ICT Group Limited (Registered number: SC503166) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 30 September 2025

6. | EXCEPTIONAL ITEMS

| 2025 |  | 2024

£ | £ |

| Foreign exchange losses | - |  | (94,000 | ) |

| Mergers & Acquisitions | - |  | (89,002 | ) |

| Reorganisation costs | (214,408 | ) | (76,030 | ) |

| Stock write off | (57,535 | ) | - |  |

(271,943 | ) | (259,032 | ) |

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | - |  | 110,469 |  |

| Intercompany loan interest | 479,237 |  | 558,214 |  |

479,237 |  | 668,683 |  |

8. | 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 | 122,688 |  | 337,505 |  |

| Deferred tax | 76,044 |  | 41,132 |  |

| Tax on profit | 198,732 |  | 378,637 |  |

| UK corporation tax has been charged at 25 % (2024 - 25 %).

| Kick ICT Group Limited (Registered number: SC503166) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 30 September 2025

8. | TAXATION - continued

| 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 | 1,794,075 |  | 1,729,827 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 448,519 |  | 432,457 |  |

| Effects of:

| Expenses not deductible for tax purposes | 119,576 |  | 94,894 |  |

| Income not taxable for tax purposes | (2,368 | ) | - |  |

| Utilisation of tax losses | - |  | (31,191 | ) |

| Adjustments to tax charge in respect of previous periods | (54,765 | ) | - |  |

| Timing | 263,807 |  | 290,035 |  |

| Group relief | (577,279 | ) | (448,691 | ) |

| Deferred tax movement | 76,044 |  | 41,133 |  |

| R&D enhanced deduction | (74,802 | ) | - |  |

| Total tax charge | 198,732 |  | 378,637 |  |

9. | 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.

| Kick ICT Group Limited (Registered number: SC503166) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 30 September 2025

10. | INTANGIBLE FIXED ASSETS

| Group

| Patents |

| and |  | Computer |

| Goodwill |  | licences |  | software |  | Totals

£ | £ | £ | £ |

| COST

| At 1 October 2024 | 17,334,664 |  | - |  | 1,858,954 |  | 19,193,618 |  |

| Additions | 88,593 |  | 17,616 |  | 618,836 |  | 725,045 |  |

| At 30 September 2025 | 17,423,257 |  | 17,616 |  | 2,477,790 |  | 19,918,663 |  |

| AMORTISATION

| At 1 October 2024 | 6,547,756 |  | - |  | 829,225 |  | 7,376,981 |  |

| Amortisation for year | 1,709,406 |  | 1,028 |  | 197,634 |  | 1,908,068 |  |

| At 30 September 2025 | 8,257,162 |  | 1,028 |  | 1,026,859 |  | 9,285,049 |  |

| NET BOOK VALUE

| At 30 September 2025 | 9,166,095 |  | 16,588 |  | 1,450,931 |  | 10,633,614 |  |

| At 30 September 2024 | 10,786,908 |  | - |  | 1,029,729 |  | 11,816,637 |  |

| Company

| Patents |

| and |  | Computer |

| Goodwill |  | licences |  | software |  | Totals

£ | £ | £ | £ |

| COST

| At 1 October 2024 | 12,094,877 |  | - |  | 1,387,916 |  | 13,482,793 |  |

| Additions | 974,363 |  | 17,616 |  | 561,036 |  | 1,553,015 |  |

| Reclassification/transfer | - |  | - |  | 299,238 |  | 299,238 |  |

| At 30 September 2025 | 13,069,240 |  | 17,616 |  | 2,248,190 |  | 15,335,046 |  |

| AMORTISATION

| At 1 October 2024 | 3,455,374 |  | - |  | 664,131 |  | 4,119,505 |  |

| Amortisation for year | 1,277,119 |  | 1,028 |  | 131,700 |  | 1,409,847 |  |

| Reclassification/transfer | - |  | - |  | 70,965 |  | 70,965 |  |

| At 30 September 2025 | 4,732,493 |  | 1,028 |  | 866,796 |  | 5,600,317 |  |

| NET BOOK VALUE

| At 30 September 2025 | 8,336,747 |  | 16,588 |  | 1,381,394 |  | 9,734,729 |  |

| At 30 September 2024 | 8,639,503 |  | - |  | 723,785 |  | 9,363,288 |  |

| Kick ICT Group Limited (Registered number: SC503166) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 30 September 2025

11. | TANGIBLE FIXED ASSETS

| Group

| Fixed |  | Fixtures |

| plant and |  | and |  | Motor |  | Computer |

| equipment |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 October 2024 | 1,084,354 |  | 219,060 |  | 9,460 |  | 933 |  | 1,313,807 |  |

| Additions | 333,311 |  | - |  | - |  | 4,789 |  | 338,100 |  |

| At 30 September 2025 | 1,417,665 |  | 219,060 |  | 9,460 |  | 5,722 |  | 1,651,907 |  |

| DEPRECIATION

| At 1 October 2024 | 940,826 |  | 192,356 |  | 9,460 |  | 933 |  | 1,143,575 |  |

| Charge for year | 113,316 |  | 3,304 |  | - |  | 299 |  | 116,919 |  |

| At 30 September 2025 | 1,054,142 |  | 195,660 |  | 9,460 |  | 1,232 |  | 1,260,494 |  |

| NET BOOK VALUE

| At 30 September 2025 | 363,523 |  | 23,400 |  | - |  | 4,490 |  | 391,413 |  |

| At 30 September 2024 | 143,528 |  | 26,704 |  | - |  | - |  | 170,232 |  |

| Company

| Fixed |  | Fixtures |

| plant and |  | and |  | Motor |

| equipment |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 October 2024 | 1,200,726 |  | 216,839 |  | 18,955 |  | 1,436,520 |  |

| Additions | 333,311 |  | - |  | - |  | 333,311 |  |

| At 30 September 2025 | 1,534,037 |  | 216,839 |  | 18,955 |  | 1,769,831 |  |

| DEPRECIATION

| At 1 October 2024 | 1,057,198 |  | 190,729 |  | 18,955 |  | 1,266,882 |  |

| Charge for year | 113,316 |  | 2,711 |  | - |  | 116,027 |  |

| At 30 September 2025 | 1,170,514 |  | 193,440 |  | 18,955 |  | 1,382,909 |  |

| NET BOOK VALUE

| At 30 September 2025 | 363,523 |  | 23,399 |  | - |  | 386,922 |  |

| At 30 September 2024 | 143,528 |  | 26,110 |  | - |  | 169,638 |  |

| Kick ICT Group Limited (Registered number: SC503166) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 30 September 2025

12. | FIXED ASSET INVESTMENTS

| Group

| Unlisted

| investments

£ |

| COST OR VALUATION

| At 1 October 2024 | 91,192 |  |

| Revaluations | 9,473 |  |

| At 30 September 2025 | 100,665 |  |

| NET BOOK VALUE

| At 30 September 2025 | 100,665 |  |

| At 30 September 2024 | 91,192 |  |

| Cost or valuation at 30 September 2025 is represented by:

| Unlisted

| investments

£ |

| Valuation in 2025 | 60,527 |  |

| Cost | 40,138 |  |

100,665 |  |

| Company

| Unlisted

| investments

£ |

| COST

| At 1 October 2024 | 5,000,002 |  |

| Additions | 134,170 |  |

| Impairments | (1,977,119 | ) |

| At 30 September 2025 | 3,157,053 |  |

| NET BOOK VALUE

| At 30 September 2025 | 3,157,053 |  |

| At 30 September 2024 | 5,000,002 |  |

| Kick ICT Group Limited (Registered number: SC503166) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 30 September 2025

12. | FIXED ASSET INVESTMENTS - continued

| The group or the company's investments at the Statement of Financial Position date in the share capital of companies include the following:

| Subsidiaries

| Talon Business Solutions Limited

| Registered office: Solais House, 19 Phoenix Crescent, Strathclyde Business Park, Bellshill, ML4 3NJ

| Nature of business: Information technology and consultancy

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Castle Computer Services Ltd.

| Registered office: Solais House, 19 Phoenix Crescent, Strathclyde Business Park, Bellshill, ML4 3NJ

| Nature of business: Information technology and consultancy

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Kick Business Software Limited

| Registered office: Solais House, 19 Phoenix Crescent, Strathclyde Business Park, Bellshill, ML4 3NJ

| Nature of business: Information technology and consultancy

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Kick Infrastructure Solutions Limited

| Registered office: Solais House, 19 Phoenix Crescent, Strathclyde Business Park, Bellshill, ML4 3NJ

| Nature of business: Information technology and consultancy

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Kick Comms Limited

| Registered office: Solais House, 19 Phoenix Crescent, Strathclyde Business Park, Bellshill, ML4 3NJ

| Nature of business: Information technology and consultancy

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Consilium U.K. Limited

| Registered office: Solais House, 19 Phoenix Crescent, Strathclyde Business Park, Bellshill, ML4 3NJ

| Nature of business: Information technology and consultancy

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Kick ICT Group Limited (Registered number: SC503166) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 30 September 2025

12. | FIXED ASSET INVESTMENTS - continued

| Kicksecure Ltd.

| Registered office: Solais House, 19 Phoenix Crescent, Strathclyde Business Park, Bellshill, ML4 3NJ

| Nature of business: Dormant

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| C2 Software Limited

| Registered office: Solais House, 19 Phoenix Crescent, Strathclyde Business Park, Bellshill, ML4 3NJ

| Nature of business: Information technology and consultancy

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

13. | STOCKS

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Stocks | 6,393 |  | 50,264 |  | 6,393 |  | 39,977 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Trade debtors | 3,275,122 |  | 3,359,345 |  | 2,867,697 |  | 3,010,707 |  |

| Amounts owed by group undertakings | 438,685 |  | 75,083 |  | 658,381 |  | 98,076 |  |

| Other debtors | 29,756 |  | 19,131 |  | 29,715 |  | 13,526 |  |

| Directors' current accounts | - |  | 32,642 |  | - |  | 32,642 |  |

| Tax | - |  | - |  | 64,510 |  | - |  |

| Prepayments and accrued income | 777,851 |  | 1,069,845 |  | 436,204 |  | 340,533 |  |

4,521,414 |  | 4,556,046 |  | 4,056,507 |  | 3,495,484 |  |

| Kick ICT Group Limited (Registered number: SC503166) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 30 September 2025

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Trade creditors | 1,439,239 |  | 1,511,569 |  | 1,343,086 |  | 1,637,797 |  |

| Amounts owed to group undertakings | 4,171,580 |  | 5,832,953 |  | 7,769,433 |  | 9,819,337 |  |

| Tax | 107,355 |  | 320,525 |  | - |  | 122,656 |  |

| Social security and other taxes | 345,445 |  | 277,669 |  | 345,445 |  | 240,997 |  |

| VAT | 696,636 |  | 604,996 |  | 568,017 |  | 410,355 |  |

| Other creditors | 69,455 |  | 51,916 |  | 68,605 |  | 48,306 |  |

| Accruals and deferred income | 1,029,916 |  | 1,275,229 |  | 911,737 |  | 854,250 |  |

7,859,626 |  | 9,874,857 |  | 11,006,323 |  | 13,133,698 |  |

16. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 285,782 |  | 195,834 |  |

| Between one and five years | 596,628 |  | 69,531 |  |

882,410 |  | 265,365 |  |

| Company

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 276,431 |  | 179,117 |  |

| Between one and five years | 581,581 |  | 60,011 |  |

858,012 |  | 239,128 |  |

17. | PROVISIONS FOR LIABILITIES

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Deferred tax | 98,669 |  | 22,625 |  | 97,546 |  | 18,561 |  |

| Kick ICT Group Limited (Registered number: SC503166) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 30 September 2025

17. | PROVISIONS FOR LIABILITIES - continued

| Group

| Deferred |

| tax |

£ |

| Balance at 1 October 2024 | 22,625 |  |

| Provided during year | 76,044 |  |

| Balance at 30 September 2025 | 98,669 |  |

| Company

| Deferred |

| tax |

£ |

| Balance at 1 October 2024 | 18,561 |  |

| Provided during year | 75,220 |  |

| Transferred from C2 software | 3,765 |  |

| Balance at 30 September 2025 | 97,546 |  |

18. | DEFERRED INCOME

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Accruals and deferred income | 2,911,892 |  | 3,375,509 |  | 2,521,486 |  | 2,547,033 |  |

19. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 166,668 | Ordinary | £1 | 166,668 |  | 166,668 |  |

20. | RESERVES

| Group

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 October 2024 | 6,423,052 |  | 50,000 |  | 6,473,052 |  |

| Profit for the year | 1,593,685 |  | 1,593,685 |  |

| At 30 September 2025 | 8,016,737 |  | 50,000 |  | 8,066,737 |  |

| Kick ICT Group Limited (Registered number: SC503166) |

Notes to the Consolidated Financial Statements - continued

For The Year Ended 30 September 2025

20. | RESERVES - continued

| Company

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 October 2024 | 5,095,886 |  | 50,000 |  | 5,145,886 |  |

| Profit for the year | 1,520,861 |  | 1,520,861 |  |

| At 30 September 2025 | 6,616,747 |  | 50,000 |  | 6,666,747 |  |

21. | CONTINGENT LIABILITIES

| At September 2025, a cross guarantee exists between the company, Kick ICT Group Limited, and GLAS Trust Corporation Limited. The total contingent liability at 30 September 2025 is £15,750,000.

| At September 2025, a cross guarantee exists between the company, Kick ICT Group Limited, and LDC (Managers) Limited. The total contingent liability at 30 September 2025 is £30,250,959.

22. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024:

2025 | 2024 |

£ | £ |

| T O'Hara C.A

| Balance outstanding at start of year | 16,451 |  | 17,891 |  |

| Amounts repaid | (16,451 | ) | (1,440 | ) |

| Amounts transferred | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 16,451 |  |

| A L Turnbull

| Balance outstanding at start of year | 16,190 |  | 16,190 |  |

| Amounts repaid | - |  | - |  |

| Amounts transferred | (16,190 | ) | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 16,190 |  |

23. | ULTIMATE CONTROLLING PARTY

| The company's immediate parent undertaking is Solais Limited, a company registered in Scotland. There was no ultimate controlling party for the year to 30 September 2025.