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REGISTERED NUMBER: 03249628

| Unaudited Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| Forward Computers Limited |

| Forward Computers Limited (Registered number: 03249628) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Chartered Accountants' Report | 2 |

| Balance Sheet | 3 |

| Notes to the Financial Statements | 4 |

| Forward Computers Limited |

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | J C L Barber

| C J Mansfield-Perry

| D I Southby

| SECRETARY: | T Singh

| REGISTERED OFFICE: | West Midlands Freight Terminal

| Station Road

| Coleshill

| Birmingham

| B46 1DT

| REGISTERED NUMBER: | 03249628

| ACCOUNTANTS: | Wright Vigar Limited

| Chartered Accountants & Business Advisers

| Alexandra House

| 43 Alexandra St

| Nottingham

| Nottinghamshire

| NG5 1AY

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Forward Computers Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Forward Computers Limited for the year ended 31 December 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Forward Computers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Forward Computers Limited and state those matters that we have agreed to state to the Board of Directors of Forward Computers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Forward Computers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Forward Computers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Forward Computers Limited. You consider that Forward Computers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Forward Computers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wright Vigar Limited

Chartered Accountants & Business Advisers

Alexandra House

43 Alexandra St

Nottingham

Nottinghamshire

NG5 1AY

31 March 2026

| Forward Computers Limited (Registered number: 03249628) |

Balance Sheet

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 128,339 |  | 138,661 |  |

CURRENT ASSETS

Debtors | 5 | 161,388 |  | 278,889 |  |

Cash at bank | 1,044,173 |  | 701,547 |  |

1,205,561 |  | 980,436 |  |

CREDITORS

Amounts falling due within one year | 6 | 220,537 |  | 335,195 |  |

NET CURRENT ASSETS | 985,024 |  | 645,241 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,113,363 |  | 783,902 |  |

PROVISIONS FOR LIABILITIES | 6,277 |  | 8,623 |  |

NET ASSETS | 1,107,086 |  | 775,279 |  |

CAPITAL AND RESERVES

Called up share capital | 12,631 |  | 12,631 |  |

Retained earnings | 1,094,455 |  | 762,648 |  |

1,107,086 |  | 775,279 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2026 and were signed on its behalf by:

J C L Barber - Director

| Forward Computers Limited (Registered number: 03249628) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| The company is a private company limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The financial statements are prepared in sterling, which is the functional currency of the entity rounded to the nearest £.

| Turnover

| Turnover represents amounts receivable, net of value added tax, in respect of the sale of goods and services to customers. Revenue is recognised for the supply and installation of goods upon despatch of the goods. For software support contracts operating either quarterly or annually, payments are collected prior to the start of the period and income recognised in proportion to the time that has elapsed since inception.

| Tangible fixed assets

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

| Long leasehold | - | 10% on cost

| Office Equipment | - | 33% on cost

| Furniture and Fittings | - | 12.5% on cost

| Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.

| Financial instruments

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

| Basic financial instruments are initially recognised at the transaction price.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Forward Computers Limited (Registered number: 03249628) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Provisions

| Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

| Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

| Operating leases

| Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight line basis.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 23 (2024 - 23 ) .

4. | TANGIBLE FIXED ASSETS

| Furniture |

| Long |  | Office |  | and |

| leasehold |  | Equipment |  | Fittings |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2025 | 210,180 |  | 46,592 |  | 32,224 |  | 288,996 |  |

| Additions | 4,780 |  | - |  | 5,432 |  | 10,212 |  |

| At 31 December 2025 | 214,960 |  | 46,592 |  | 37,656 |  | 299,208 |  |

| DEPRECIATION

| At 1 January 2025 | 104,940 |  | 38,553 |  | 6,842 |  | 150,335 |  |

| Charge for year | 12,324 |  | 3,852 |  | 4,358 |  | 20,534 |  |

| At 31 December 2025 | 117,264 |  | 42,405 |  | 11,200 |  | 170,869 |  |

| NET BOOK VALUE

| At 31 December 2025 | 97,696 |  | 4,187 |  | 26,456 |  | 128,339 |  |

| At 31 December 2024 | 105,240 |  | 8,039 |  | 25,382 |  | 138,661 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 113,026 |  | 234,686 |  |

| Amounts owed by group undertakings | 444 |  | - |  |

| Other debtors | 47,918 |  | 44,203 |  |

161,388 |  | 278,889 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 37,917 |  | 60,722 |  |

| Taxation and social security | 153,163 |  | 162,073 |  |

| Other creditors | 29,457 |  | 112,400 |  |

220,537 |  | 335,195 |  |

| Forward Computers Limited (Registered number: 03249628) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

7. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 7,726 |  | 13,913 |  |

| Between one and five years | - |  | 6,701 |  |

7,726 |  | 20,614 |  |

8. | RELATED PARTY DISCLOSURES

| Forward Computers Alliance Limited

| Forward Computers Alliance Limited is the parent company of Forward Computers Limited.

| There were debtors due from Forward Computers Alliance Limited at the reporting date of £444 (2024 - £nil).