REGISTERED NUMBER: 04990082 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

NEWORBIT LTD.

Page

Company Information

1

Accountants' Report

2

Statement of Financial Position

3

to

4

Notes to the Financial Statements

5

to

10

DIRECTORS:

Mr F Lytzen

Mr S Worthington

Mr M Baldwin

REGISTERED OFFICE:

Hampden House

Monument Business Park

Chalgrove

Oxfordshire

OX44 7RW

REGISTERED NUMBER:

04990082 (England and Wales)

ACCOUNTANTS:

Seymour Taylor Limited

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

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 Statement of Financial Position. 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 NewOrbit Ltd. for the year ended 31 December 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 NewOrbit Ltd., 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 NewOrbit Ltd. and state those matters that we have agreed to state to the Board of Directors of NewOrbit Ltd., 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 NewOrbit Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that NewOrbit Ltd. 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 NewOrbit Ltd.. You consider that NewOrbit Ltd. 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 NewOrbit Ltd.. 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.

Seymour Taylor Limited

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

14 April 2026

FIXED ASSETS

Tangible assets

4

76,799

10,916

Investments

5

995

995

77,794

11,911

CURRENT ASSETS

Debtors

6

1,052,614

1,028,252

Cash at bank

1,250,858

702,852

2,303,472

1,731,104

CREDITORS

Amounts falling due within one year

7

830,742

986,435

NET CURRENT ASSETS

1,472,730

744,669

TOTAL ASSETS LESS CURRENT LIABILITIES

1,550,524

756,580

CREDITORS

Amounts falling due after more than one year

8

(16,919

)

-

PROVISIONS FOR LIABILITIES

(2,917

)

(2,729

)

NET ASSETS

1,530,688

753,851

CAPITAL AND RESERVES

Called up share capital

10

10,605

10,880

Share premium

11

246,792

246,792

Capital redemption reserve

11

2,408

2,133

Retained earnings

11

1,270,883

494,046

SHAREHOLDERS' FUNDS

1,530,688

753,851

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 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:

Mr F Lytzen - Director

1.	STATUTORY INFORMATION

NewOrbit Limited is a private company limited by shares and incorporated in England and Wales. The address of the company's registered office is Hampden House, Monument Business Park, Chalgrove, Oxfordshire, OX44 7RW. The registered number is 04990082.

The principal activity of the company is that of business and domestic software development.

The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates (its functional currency). All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 company has elected to early adopt the Periodic Review 2024 amendments from 1 January 2025.

Preparation of consolidated financial statements

The financial statements contain information about NewOrbit Ltd. as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimate useful life:

Plant and machinery - straight line - 33.33%

Fixtures and fittings - straight line - 33.33%

Computer equipment - straight line - 33.33%

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instrument Issues" of FRS 102 (effective September 2015) to its financial statements.

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.

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 statement of financial position date.Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted.

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

Foreign currencies

Transactions denominated in foreign currencies are translated into Sterling at the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities at the period end denominated in a foreign currency are translated into Sterling at the rate of exchange ruling at the statement of financial position date. Exchange differences are taken into account when arriving at the operating profit.

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.

The company contributes to defined contribution pension scheme arrangements on behalf of its directors and employees. Contributions payable are charged to the profit and loss account in the period to which they relate.

Investments

Investments are initially recognised at fair value which is usually the transaction price (excluding any transaction costs). Subsequently, the investments are measured at fair value through profit or loss except for those shares which cannot be publicly traded or where fair value cannot be reliably measured.

If reliable measurement of fair value cannot be obtained or this measure is no longer available, the investment's cost is deemed to be the fair value at the last point to which a reliable measurement was obtained. These instruments are recognised at cost less impairment until a reliable measure of fair value becomes available.

Leasing agreements

The Company assesses at contract inspection whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for a consideration.

Right of use asset

The company recognises right of use asset at the commencement date of the lease. Right of use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right of use assets includes the amount of lease liabilities recognised, initial direct costs incurred, and lease payments made at or before commencement date less any lease incentives received. Right of use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets, as follows:

Property leases

-

over the period of the lease (2 years

)

Lease Liabilities

At the commencement date of the lease, the group recognises lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments less any lease incentives receivables, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the group and payments of any penalties for terminating the lease, if the lease term reflects the group exercising the option to terminate. Variable lease payments that do not depend on an index or a rate are recognised as an expense in the period in which the event or condition that triggers the payment occurs.

In calculating the present value of lease payments, the company uses the incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of the lease liability is increased to reflect the accretion of interest and reduced for lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the lease payments or a change in the assessment of an option to purchase the underlying asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Short

leasehold

- Right

Fixtures

of use

and

Computer

assets

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

-

4,733

50,134

54,867

Additions

113,077

-

12,291

125,368

Disposals

(15,383

)

-

(3,470

)

(18,853

)

At 31 December 2025

97,694

4,733

58,955

161,382

DEPRECIATION

At 1 January 2025

-

4,733

39,218

43,951

Charge for year

47,948

-

11,537

59,485

Eliminated on disposal

(15,383

)

-

(3,470

)

(18,853

)

At 31 December 2025

32,565

4,733

47,285

84,583

NET BOOK VALUE

At 31 December 2025

65,129

-

11,670

76,799

At 31 December 2024

-

-

10,916

10,916

RIGHT OF USE ASSETS

The company leases a property. The lease term on the property is 2 years. There is no option to purchase at the end of the lease. The lease obligation is secured by the lessor's title to the leased asset.

Amounts recognised in the profit and loss are as follows:

2025

£

Depreciation expense on right-of-use assets

47,948

Interest expense on lease liabilities

1,940

The company's property lease does not contain variable payment terms.

The total cash outflow relating to the lease in the period amounted to £32,684.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2025

and 31 December 2025

995

NET BOOK VALUE

At 31 December 2025

995

At 31 December 2024

995

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

877,612

988,113

Other debtors

-

2,421

Corporation tax

148,450

-

Prepayments and accrued income

26,552

37,718

1,052,614

1,028,252

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Finance leases (see note 9)

50,031

-

Trade creditors

217,213

182,627

Taxation and social security

325,266

530,743

Other creditors

238,232

273,065

830,742

986,435

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Finance leases (see note 9)

16,919

-

9.	LEASING AGREEMENTS

Minimum lease payments under right of use assets fall due as follows:

2025

£

Net obligations repayable:

Within one year

50,031

Between one and five years

16,919

66,950

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000,000

Ordinary 0.01p

£0.01

10,000

10,000

88,000

Ordinary B

£0.01

605

880

10,605

10,880

11.

RESERVES

Retained earnings

Share premium

Capital redemption reserve

Totals

£

£

£

£

At 1 January 2025

494,046

246,792

2,133

753,851

Profit for the year

761,544

-

-

761,544

Purchase of own shares

(7,799

)

-

275

(7,524

)

At 31 December 2025

1,247,791

246,792

2,408

1,507,871

12.	FRS TRANSITIONAL ADJUSTMENTS

On 27 March 2024, the FRC issued amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and other FRSs - Periodic Review 2024. The company has elected to early adopt these changes from the 1 January 2025. These are the first financial statements that comply with these FRC amendments.

Adopting these amendments has also meant a change in accounting for leases within the company. The new accounting has been detailed in the leases accounting policy within Note 2. The subsequent right of use assets and lease liabilities are included in notes 4 and 9 respectively.