IRIS Accounts Production v26.1.0.640 04062330 Board of Directors 1.1.25 31.12.25 31.12.25 26/3/2026 false true false false true false Auditors Opinion Ordinary 1.00000 Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04062330 2024-12-31 04062330 2025-12-31 04062330 2025-01-01 2025-12-31 04062330 2023-12-31 04062330 2024-01-01 2024-12-31 04062330 2024-12-31 04062330 ns15:EnglandWales 2025-01-01 2025-12-31 04062330 ns14:PoundSterling 2025-01-01 2025-12-31 04062330 ns10:Director1 2025-01-01 2025-12-31 04062330 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04062330 ns10:SmallEntities 2025-01-01 2025-12-31 04062330 ns10:Audited 2025-01-01 2025-12-31 04062330 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 04062330 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 04062330 ns10:FullAccounts 2025-01-01 2025-12-31 04062330 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 04062330 ns10:Director2 2025-01-01 2025-12-31 04062330 ns10:Director3 2025-01-01 2025-12-31 04062330 ns10:RegisteredOffice 2025-01-01 2025-12-31 04062330 ns5:CurrentFinancialInstruments 2025-12-31 04062330 ns5:CurrentFinancialInstruments 2024-12-31 04062330 ns5:ShareCapital 2025-12-31 04062330 ns5:ShareCapital 2024-12-31 04062330 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 04062330 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 04062330 ns5:LeaseholdImprovements 2025-01-01 2025-12-31 04062330 ns5:FurnitureFittings 2025-01-01 2025-12-31 04062330 ns5:ComputerEquipment 2025-01-01 2025-12-31 04062330 ns5:LeaseholdImprovements 2024-12-31 04062330 ns5:FurnitureFittings 2024-12-31 04062330 ns5:ComputerEquipment 2024-12-31 04062330 ns5:LeaseholdImprovements 2025-12-31 04062330 ns5:FurnitureFittings 2025-12-31 04062330 ns5:ComputerEquipment 2025-12-31 04062330 ns5:LeaseholdImprovements 2024-12-31 04062330 ns5:FurnitureFittings 2024-12-31 04062330 ns5:ComputerEquipment 2024-12-31 04062330 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 04062330 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 04062330 ns10:OrdinaryShareClass1 2025-12-31 04062330 1 2025-01-01 2025-12-31

REGISTERED NUMBER: 04062330 (England and Wales)

| NOVOTEK SOLUTIONS UK & IRELAND LIMITED |

| AUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

NOVOTEK SOLUTIONS UK & IRELAND LIMITED (REGISTERED NUMBER: 04062330)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

| Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |  | to |  | 5

NOVOTEK SOLUTIONS UK & IRELAND LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | Mr A S Tripp

| Mr C R Barlow

| Mr G M Walker

| REGISTERED OFFICE: | Edric House

| Towers Business Park

| Wheelhouse Road

| Rugeley

| Staffordshire

| WS15 1UW

| REGISTERED NUMBER: | 04062330 (England and Wales)

| AUDITOR: | Ellacotts Audit Services Limited

| Countrywide House

| 23 West Bar Street

| Banbury

| OX16 9SA

| BANKERS: | HSBC Bank Plc

| 49 Market Street

| Lichfield

| Staffordshire

| WS13 6LA

NOVOTEK SOLUTIONS UK & IRELAND LIMITED (REGISTERED NUMBER: 04062330)

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 33,042 |  | 37,961 |  |

CURRENT ASSETS

Debtors | 5 | 2,256,302 |  | 1,363,902 |  |

Cash at bank | 736,017 |  | 1,260,456 |  |

2,992,319 |  | 2,624,358 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,048,527 |  | 1,426,793 |  |

NET CURRENT ASSETS | 1,943,792 |  | 1,197,565 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,976,834 |  | 1,235,526 |  |

PROVISIONS FOR LIABILITIES | 7,430 |  | 7,827 |  |

NET ASSETS | 1,969,404 |  | 1,227,699 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 200 |  | 200 |  |

Retained earnings | 1,969,204 |  | 1,227,499 |  |

SHAREHOLDERS' FUNDS | 1,969,404 |  | 1,227,699 |  |

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2026 and were signed on its behalf by:

Mr A S Tripp - Director

NOVOTEK SOLUTIONS UK & IRELAND LIMITED (REGISTERED NUMBER: 04062330)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Novotek Solutions UK & Ireland Limited 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.

| 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" 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

| Turnover represents net invoiced sales of services, excluding value added tax.

| The company has four principal revenue streams:

| Products - sale is recognised on delivery.

| Support and upgrade agreements - income is recognised over the period of the agreement.

| Subscription/Term Licences SAAS - income is recognised over the period of the agreement.

| Subscription/Term Licences On Prem - 50% of the revenue, that being the licence part, is recognised on delivery. The other 50% is recognised over the period of the agreement.

| Corresponding costs from suppliers are recognised on the same basis as the revenue.

| Tangible fixed assets

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

| Improvements to property | - | 10% on cost

| Fixtures and fittings | - | 15% on cost

| Computer equipment | - | Straight line over 3 to 5 years

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| 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.

NOVOTEK SOLUTIONS UK & IRELAND LIMITED (REGISTERED NUMBER: 04062330)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 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.

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Investments

| Investments have been measured at fair value with deferred taxation recognised in accordance with the requirements of FRS102.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Cash at bank and in hand

| Cash is represented by cash in hand and deposits in financial institutions repayable without penalty on notice of not more than 24 hours.

| Creditors

| Short term creditors are measured at the transaction price.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 24 (2024 - 24 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | and |  | Computer |

| property |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2025 | 33,307 |  | 54,021 |  | 116,042 |  | 203,370 |  |

| Additions | - |  | - |  | 11,766 |  | 11,766 |  |

| At 31 December 2025 | 33,307 |  | 54,021 |  | 127,808 |  | 215,136 |  |

| DEPRECIATION

| At 1 January 2025 | 26,655 |  | 49,186 |  | 89,568 |  | 165,409 |  |

| Charge for year | 3,330 |  | 1,485 |  | 11,870 |  | 16,685 |  |

| At 31 December 2025 | 29,985 |  | 50,671 |  | 101,438 |  | 182,094 |  |

| NET BOOK VALUE

| At 31 December 2025 | 3,322 |  | 3,350 |  | 26,370 |  | 33,042 |  |

| At 31 December 2024 | 6,652 |  | 4,835 |  | 26,474 |  | 37,961 |  |

NOVOTEK SOLUTIONS UK & IRELAND LIMITED (REGISTERED NUMBER: 04062330)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | 339,929 |  | 504,788 |  |

| Amounts owed by group undertakings | 1,791,925 |  | 723,793 |  |

| Prepayments and accrued income | 124,448 |  | 135,321 |  |

2,256,302 |  | 1,363,902 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 16,258 |  | 28,907 |  |

| Amounts owed to group undertakings | 59,543 |  | 122,512 |  |

| Corporation tax | 82,319 |  | 86,053 |  |

| Social security and other taxes | 42,194 |  | 32,460 |  |

| VAT | 94,496 |  | 139,298 |  |

| Other creditors | 298 |  | 790 |  |

| Accruals and deferred income | 753,419 |  | 1,016,773 |  |

1,048,527 |  | 1,426,793 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 200 | Ordinary | £1 | 200 |  | 200 |  |

8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditor was unqualified.

| David Stevens FCA (Senior Statutory Auditor)

| for and on behalf of Ellacotts Audit Services Limited

9. | OTHER FINANCIAL COMMITMENTS

| The company had total guarantees and commitments at the balance sheet date of £134,329 (2024: £205,647).

10. | RELATED PARTY DISCLOSURES

| Amounts owed by group undertaking at the year end amounted to £1,732,382 (2024: £601,281).

11. | POST BALANCE SHEET EVENTS

| After the year end the company is in the process of completing a hive up of the trade and assets to its parent Novotek UK & Ireland Limited. Under the hive up arrangement, all operational activities, assets, and associated liabilities of the company will be transferred to its parent company at their carrying amounts immediately prior to transfer.

12. | ULTIMATE CONTROLLING PARTY

| The company's immediate parent undertaking is Novotek UK & Ireland Limited, a company registered in the UK.

| The ultimate parent undertaking and controlling party of the company is Novotek AB and this is the group into which Novotek Solutions UK & Ireland Limited is consolidated. The consolidated financial statements of Novotek AB are available from its head office at Hojdrodergatan 18, 212 39 Malmo, Sweden.