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Registration number: 10554632

Agile Spray Response Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2025

Agile Spray Response Ltd

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 9

Agile Spray Response Ltd

(Registration number: 10554632)
Balance Sheet as at 30 June 2025

| Note | 30 June 2025 £ | 30 June 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 2,562,369 | 3,692,274
Tangible assets | 5 | 1,442 | 3,361
|  | 2,563,811 | 3,695,635
Current assets |  |  |
Debtors | 6 | 13,587 | 178,678
Cash at bank and in hand |  | 35,094 | 109,572
|  | 48,681 | 288,250
Creditors: Amounts falling due within one year | 7 | (35,194) | (66,052)
Net current assets |  | 13,487 | 222,198
Total assets less current liabilities |  | 2,577,298 | 3,917,833
Creditors: Amounts falling due after more than one year | 7 | (2,600,000) | (2,600,000)
Net (liabilities)/assets |  | (22,702) | 1,317,833
Capital and reserves |  |  |
Called up share capital | 8 | 4,643 | 3,514
Share premium reserve |  | 345,906 | 345,906
Retained earnings |  | (373,251) | 968,413
Shareholders' (deficit)/funds |  | (22,702) | 1,317,833

Agile Spray Response Ltd

(Registration number: 10554632)
Balance Sheet as at 30 June 2025

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 March 2026 and signed on its behalf by:

P Cole Company secretary and director |  |

Agile Spray Response Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Milsted Langdon LLP
Motivo House
Alvington
Yeovil
Somerset
BA20 2FG

These financial statements were authorised for issue by the Board on 16 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

The directors have considered the capital resources available to the company and its forthcoming liabilities and have concluded that they believe that the company will have the necessary level of financial resources to enable it to meet its liabilities as they fall due, accordingly they have prepared the accounts on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Agile Spray Response Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Finance income and costs policy

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture, fittings and equipment | 25% reducing balance

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Agile Spray Response Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Licences | Straight line over 4 - 8 years
Development costs | Straight line over 4 - 8 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Agile Spray Response Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 7 (2024 - 6).

4 | Intangible assets

| Trademarks, patents and licenses £ | Development costs £ | Total £
Cost or valuation
At 1 July 2024 | 8,111,475 | 145,430 | 8,256,905
Additions acquired separately | - | 8,478 | 8,478
At 30 June 2025 | 8,111,475 | 153,908 | 8,265,383
Amortisation
At 1 July 2024 | 4,525,498 | 39,133 | 4,564,631
Amortisation charge | 1,109,693 | 28,690 | 1,138,383
At 30 June 2025 | 5,635,191 | 67,823 | 5,703,014
Carrying amount
At 30 June 2025 | 2,476,284 | 86,085 | 2,562,369
At 30 June 2024 | 3,585,977 | 106,297 | 3,692,274

Agile Spray Response Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

5 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 July 2024 | 7,453 | 7,453
Disposals | (4,603) | (4,603)
At 30 June 2025 | 2,850 | 2,850
Depreciation
At 1 July 2024 | 4,092 | 4,092
Charge for the year | 225 | 225
Eliminated on disposal | (2,909) | (2,909)
At 30 June 2025 | 1,408 | 1,408
Carrying amount
At 30 June 2025 | 1,442 | 1,442
At 30 June 2024 | 3,361 | 3,361

6 | Debtors

| Note | 30 June 2025 £ | 30 June 2024 £
Other debtors |  | 7,242 | 74,000
Prepayments |  | 1,104 | 13,438
Accrued income |  | 5,241 | 11,150
Income tax asset |  | - | 80,090
|  | 13,587 | 178,678

Agile Spray Response Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

7 | Creditors

Due within one year | Note | 30 June 2025 £ | 30 June 2024 £
Trade creditors |  | 1,036 | 14,652
Social security and other taxes |  | - | 6,060
Accruals |  | 34,158 | 45,340
|  | 35,194 | 66,052
Due after one year |  |  |
Loans and borrowings | 9 | 2,600,000 | 2,600,000

| 30 June 2025 £ | 30 June 2024 £
Due after more than five years |  |
After more than five years not by instalments | 2,600,000 | 2,600,000

| - | -

8 | Share capital

Allotted, called up and fully paid shares

| 30 June 2025 | 30 June 2024
| No. | Alotted Par Value | No. | Alotted Par Value
Ordinary A of £0.00001 each | 400 | 0.0040 | 400 | 0.0040
Ordinary B of 1p each | 462,903 | 4,629.0300 | 350,000 | 3,500.0000
Ordinary C of £0.0001 each | 142,682 | 14.2682 | 142,682 | 14.2682
| 605,985 | 4,643.3022 | 493,082 | 3,514.2722

Agile Spray Response Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

9 | Loans and borrowings

Non-current loans and borrowings

| 30 June 2025 £ | 30 June 2024 £
Other borrowings | 2,600,000 | 2,600,000

Included in the loans and borrowings are the following amounts due after more than five years:

Other loans after five years

The amount of the other loans not due by instalments after five years is £2,600,000 (2024: 2,600,000).

10 | Related party transactions

Summary of transactions with other related parties

RVL Aviation Limited
(Subsidiary company of Reconnaissance Ventures Limited in which a director of Agile Spray Response Ltd also served as a director (Resigned 18 October 2024).
During the period, Agile Spray Response Ltd made sales to RVL Aviation Limited totalling £114,697 (2024: £359,037).
As at 30 June 2025 the amount due from RVL Aviation Limited was £7,200 (2024: £63,653).
Business Growth Fund
(Shareholder of the company)
As at 30 June 2024, the amount due to Business Growth Fund was £2,600,000 (2024: £2,600,000).