Company registration number 09150338 (England and Wales)
NEXIAN TECHNOLOGY LTD (FORMERLY KNOWN AS ILICOMM TECHNOLOGY SOLUTIONS LIMITED)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
NEXIAN TECHNOLOGY LTD (FORMERLY KNOWN AS ILICOMM TECHNOLOGY SOLUTIONS LIMITED)
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
NEXIAN TECHNOLOGY LTD (FORMERLY KNOWN AS ILICOMM TECHNOLOGY SOLUTIONS LIMITED)
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
82,913
100,549
Current assets
Debtors
4
416,962
339,196
Cash at bank and in hand
184,600
510,771
601,562
849,967
Creditors: amounts falling due within one year
5
(421,325)
(476,566)
Net current assets
180,237
373,401
Total assets less current liabilities
263,150
473,950
Provisions for liabilities
6
(19,760)
(24,720)
Net assets
243,390
449,230
Capital and reserves
Called up share capital
7
660
240
Capital redemption reserve
102
102
Profit and loss reserves
242,628
448,888
Total equity
243,390
449,230
NEXIAN TECHNOLOGY LTD (FORMERLY KNOWN AS ILICOMM TECHNOLOGY SOLUTIONS LIMITED)
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 March 2026 and are signed on its behalf by:
Mr S J Faulkner
Director
Company registration number 09150338 (England and Wales)
NEXIAN TECHNOLOGY LTD (FORMERLY KNOWN AS ILICOMM TECHNOLOGY SOLUTIONS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Nexian Technology Ltd (Formerly known as Ilicomm Technology Solutions Limited) is a private company limited by shares incorporated in England and Wales. The registered office is 5 Aston Cross Business Village, 50 Rocky Lane, Aston, Birmingham, B6 5RQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention and the principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% straight line
Fixtures, fittings & equipment
25% reducing balance
Computer equipment
33% straight line
Motor vehicles
25% reducing balance
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in bank only.

NEXIAN TECHNOLOGY LTD (FORMERLY KNOWN AS ILICOMM TECHNOLOGY SOLUTIONS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade debtors, other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade creditors, corporation tax, other taxation and social security and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

NEXIAN TECHNOLOGY LTD (FORMERLY KNOWN AS ILICOMM TECHNOLOGY SOLUTIONS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.12
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
24
22
NEXIAN TECHNOLOGY LTD (FORMERLY KNOWN AS ILICOMM TECHNOLOGY SOLUTIONS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
35,150
308,599
343,749
Additions
2,552
5,854
8,406
At 31 March 2025
37,702
314,453
352,155
Depreciation and impairment
At 1 April 2024
15,709
227,491
243,200
Depreciation charged in the year
3,693
22,349
26,042
At 31 March 2025
19,402
249,840
269,242
Carrying amount
At 31 March 2025
18,300
64,613
82,913
At 31 March 2024
19,441
81,108
100,549
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
292,341
154,850
Amounts owed by group undertakings
-
0
2,249
Other debtors
124,621
182,097
416,962
339,196
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
99,120
142,910
Amounts owed to group undertakings
24,165
-
0
Taxation and social security
54,692
91,354
Other creditors
243,348
242,302
421,325
476,566

Included in other creditors is an amount of £Nil (2024: £3,099) which relates to net obligations under hire purchase contracts that are secured on the assets to which they relate.

Included within other creditors are amounts totalling £102,150 (2024: £57,945) in respect of deferred income. These amounts will be recognised within turnover in the following year.

NEXIAN TECHNOLOGY LTD (FORMERLY KNOWN AS ILICOMM TECHNOLOGY SOLUTIONS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
6
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
19,760
24,720
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 0.1p each
660,000
240
660
240

On 21 May 2024, the company allotted 420 Ordinary shares of £1 each.

On 14 June 2024, the company passed a special resolution to sub-divide 660 Ordinary shares of £1 each into 660,000 Ordinary shares of 0.1p each.

The rights attached to these shares can be found in the company's Articles of Association.

8
Related party transactions

At the year end, the company owed £33,131 (2024: £159,314) to and was owed £70,544 (2024: £119,061) from related companies.

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