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REGISTERED NUMBER: SC233938 (Scotland)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Quantics Consulting Limited

Quantics Consulting Limited (Registered number: SC233938)

Contents of the Financial Statements

for the Year Ended 31 July 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

Quantics Consulting Limited

Company Information

for the Year Ended 31 July 2025

| DIRECTORS: | Dr Ian Yellowlees

| Mr Philip Speakman

| Dr Matthew Aaron Stephenson

| Ms Kimberly Marie Radtke

| SECRETARY: | Dr Ian Yellowlees

| REGISTERED OFFICE: | Exchange Tower

| Fourth Floor

| 19 Canning Street

| Edinburgh

| EH3 8EG

| REGISTERED NUMBER: | SC233938 (Scotland)

| ACCOUNTANTS: | EQ Accountants Ltd

| 47-49 The Square

| Kelso

| Roxburghshire

| TD5 7HW

Quantics Consulting Limited (Registered number: SC233938)

Balance Sheet

31 July 2025

| 31/7/25 | 31/7/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 60,733 |  | 131,489 |  |

Property, plant and equipment | 5 | 44,808 |  | 32,234 |  |

105,541 |  | 163,723 |  |

CURRENT ASSETS

Inventories | 38,818 |  | 43,275 |  |

Debtors | 6 | 767,144 |  | 546,182 |  |

Cash at bank and in hand | 591,604 |  | 212,936 |  |

1,397,566 |  | 802,393 |  |

CREDITORS

Amounts falling due within one year | 7 | 378,594 |  | 250,115 |  |

NET CURRENT ASSETS | 1,018,972 |  | 552,278 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,124,513 |  | 716,001 |  |

PROVISIONS FOR LIABILITIES | 11,000 |  | 8,500 |  |

NET ASSETS | 1,113,513 |  | 707,501 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 1,113,413 |  | 707,401 |  |

SHAREHOLDERS' FUNDS | 1,113,513 |  | 707,501 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Quantics Consulting Limited (Registered number: SC233938)

Balance Sheet - continued

31 July 2025

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2026 and were signed on its behalf by:

Ms Kimberly Marie Radtke - Director

Mr Philip Speakman - Director

Quantics Consulting Limited (Registered number: SC233938)

Notes to the Financial Statements

for the Year Ended 31 July 2025

1. | STATUTORY INFORMATION

| Quantics Consulting 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 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.

| Turnover

| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Research and development

| Research and development expenditure incurred on clearly defined projects whose outcome can be assessed with reasonable certainty is capitalised, otherwise the expenditure is written off in the year in which it is incurred.

| Expenditure on the Computer Software Development project has been capitalised and the amortisation, which commenced during the year with the commercial production of the software, is calculated to write off the cost of the asset, less its estimated residual value, over the useful economic life of that asset at 20% straight line.

| Tangible fixed assets

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

| Fixtures and fittings | - | 15% on reducing balance

| Computer equipment | - | 25% on cost

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Quantics Consulting Limited (Registered number: SC233938)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

2. | ACCOUNTING POLICIES - continued

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

| Deferred government grants

| Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 21 (2024 - 20 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 August 2024

| and 31 July 2025 | 1,536,112 |  |

| AMORTISATION

| At 1 August 2024 | 1,404,623 |  |

| Charge for year | 70,756 |  |

| At 31 July 2025 | 1,475,379 |  |

| NET BOOK VALUE

| At 31 July 2025 | 60,733 |  |

| At 31 July 2024 | 131,489 |  |

Quantics Consulting Limited (Registered number: SC233938)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

5. | PROPERTY, PLANT AND EQUIPMENT

| Plant and

| machinery

| etc

£ |

| COST

| At 1 August 2024 | 108,792 |  |

| Additions | 22,215 |  |

| Disposals | (1,539 | ) |

| At 31 July 2025 | 129,468 |  |

| DEPRECIATION

| At 1 August 2024 | 76,558 |  |

| Charge for year | 9,164 |  |

| Eliminated on disposal | (1,062 | ) |

| At 31 July 2025 | 84,660 |  |

| NET BOOK VALUE

| At 31 July 2025 | 44,808 |  |

| At 31 July 2024 | 32,234 |  |

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

| 31/7/25 |  | 31/7/24

£ | £ |

| Trade debtors | 726,012 |  | 506,512 |  |

| Other debtors | 41,132 |  | 39,670 |  |

767,144 |  | 546,182 |  |

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

| 31/7/25 |  | 31/7/24

£ | £ |

| Trade creditors | 27,252 |  | 24,806 |  |

| Taxation and social security | 300,926 |  | 203,285 |  |

| Other creditors | 50,416 |  | 22,024 |  |

378,594 |  | 250,115 |  |

8. | SECURED DEBTS

| Ann and Ian Yellowlees hold a floating charge covering all the property or undertaking of the company.

Quantics Consulting Limited (Registered number: SC233938)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

9. | OTHER FINANCIAL COMMITMENTS

| On the 30 July 2021 the shares of the company were sold to an Employee Ownership Trust (EOT). The deferred consideration for the purchase of the shares is being paid over 12 instalments, with interest accruing on the outstanding balance at an annual rate of 3% above the base rate. The deferred payments are due as follows:

|  | 31/07/25 |  |  | 31/07/24 |  |

|  | Due < 1 year |  | Due > 1 year |  |  | Due < 1 year |  | Due > 1 year |  |

|  | £ |  | £ |  |  | £ |  | £ |  |

| Deferred consideration |  | 1,250,000 |  | 850,000 |  |  | 750,000 |  | 1,700,000 |  |

| The company paid £400,000 as a distributions to the companies EOT between August and September 2025.