Company registration number 10886588 (England and Wales)
DRONE DEFENCE SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
DRONE DEFENCE SERVICES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
DRONE DEFENCE SERVICES LTD
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,237,969
1,337,788
Tangible assets
4
78,748
89,016
Investment property
5
-
0
111,524
1,316,717
1,538,328
Current assets
Stocks
86,999
166,430
Debtors
6
178,030
331,900
Cash at bank and in hand
262,713
178,568
527,742
676,898
Creditors: amounts falling due within one year
7
(100,901)
(81,668)
Net current assets
426,841
595,230
Total assets less current liabilities
1,743,558
2,133,558
Creditors: amounts falling due after more than one year
8
(88,889)
(136,722)
Net assets
1,654,669
1,996,836
Capital and reserves
Called up share capital
132
132
Share premium account
499,968
499,968
Profit and loss reserves
1,154,569
1,496,736
Total equity
1,654,669
1,996,836
DRONE DEFENCE SERVICES LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2025
31 July 2025
- 2 -

For the financial year ended 31 July 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 director acknowledges his 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 director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 21 April 2026
R K Gill
Director
Company registration number 10886588 (England and Wales)
DRONE DEFENCE SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
1
Accounting policies
Company information

Drone Defence Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Drone Innovation Centre, West Carr Business Park, West Carr Road, Retford, England, DN22 7GY.

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.

1.2
Going concern

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

1.3
Turnover

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

1.4
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation 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:

Development costs
20% straight line
1.6
Tangible fixed assets

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:

Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Computers
33% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

DRONE DEFENCE SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

Depreciation has not been charged on investment property in accordance with SSAP 19. This is not in accordance with the Companies Act 1985, which provides that all tangible fixed assets must be depreciated. SSAP 19 has been applied since the directors consider that in doing so the accounts show a true and fair view.

1.8
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slo w moving items

1.9
Taxation

The tax expense represents the sum of the tax currently payable 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

The tax currently payable is based on taxable profit for the year. 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 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 profit s.

1.10
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.

2
Employees

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

2025
2024
Number
Number
Total
11
11
DRONE DEFENCE SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 5 -
3
Intangible fixed assets
Other
£
Cost
At 1 August 2024
1,960,770
Additions
292,334
At 31 July 2025
2,253,104
Amortisation and impairment
At 1 August 2024
622,982
Amortisation charged for the year
392,153
At 31 July 2025
1,015,135
Carrying amount
At 31 July 2025
1,237,969
At 31 July 2024
1,337,788
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2024
202,933
Additions
17,851
At 31 July 2025
220,784
Depreciation and impairment
At 1 August 2024
113,917
Depreciation charged in the year
28,119
At 31 July 2025
142,036
Carrying amount
At 31 July 2025
78,748
At 31 July 2024
89,016
DRONE DEFENCE SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 6 -
5
Investment property
2025
£
Fair value
At 1 August 2024
111,524
Disposals
(111,524)
At 31 July 2025
-
0
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
126,841
268,233
Corporation tax recoverable
51,189
51,189
Other debtors
-
0
12,478
178,030
331,900
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
47,834
49,067
Trade creditors
4,076
5,385
Taxation and social security
18,429
9,233
Other creditors
30,562
17,983
100,901
81,668
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
88,889
136,722
9
Directors' transactions

At the year end the director owed the company £1,647 (2023 - Nil).

DRONE DEFENCE SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 7 -
10
Prior period adjustment
Reconciliation of changes in equity
1 August
31 July
2023
2024
£
£
Adjustments to prior year
Adjustment due to capitisation of developement costs
-
1,337,788
Equity as previously reported
794,030
659,048
Equity as adjusted
794,030
1,996,836
Analysis of the effect upon equity
Profit and loss reserves
-
1,337,788
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