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ESET Software UK Limited

Annual Report and Financial Statements
Year Ended 31 December 2025

Registration number: 07184889

 

ESET Software UK Limited

Contents

Company Information

1

Strategic Report

2 to 4

Director's Report

5 to 6

Statement of Director's Responsibilities

7

Independent Auditor's Report

8 to 11

Statement of Income and Retained Earnings

12

Balance Sheet

13

Statement of Cash Flows

14

Notes to the Financial Statements

15 to 25

 

ESET Software UK Limited

Company Information

Director

M Mikus

Registered office

Ocean 80 3rd Floor
Holdenhurst Road
Bournemouth
Dorset
BH8 8AQ

Auditors

PKF Francis Clark
Chartered Accountants & Registered AuditorsTowngate House
2-8 Parkstone Road
Poole
Dorset
BH15 2PW

 

ESET Software UK Limited

Strategic Report for the Year Ended 31 December 2025

The director presents his strategic report for the year ended 31 December 2025.

Principal activity

The principal activity of the company is the marketing and distribution of software products.

Fair review of the business

As director, I aim to present a balanced and comprehensive review of the development and performance of the business during the year and its position at the year end. The review is consistent with the size and nature of the business and is written in the context of the risks and uncertainties that the company faces.

I consider the key performance indicators of the business to be based around volume growth and profitability. I am pleased to report the following headline results for the year;

The company's key financial and other performance indicators during the year were as follows:

 

Unit

2025

2024

Turnover

£

20,510,197

21,045,852

Gross profit margin

%

53

46

Profit before tax

£

919,373

729,925

Net assets

£

1,607,160

957,999

I am satisfied with the results for the year. In what is a competitive market, the company continues to make progress based on the organic sales growth and development of the ESET brand. Continued development is expected for next year.

 

ESET Software UK Limited

Strategic Report for the Year Ended 31 December 2025

Principal risks, uncertainties and financial instruments

The business' activities expose it primarily to the financial risks of changes in foreign currency exchange rates.

The business' principal financial instruments comprise bank balances, trade debtors and trade related creditors to the business. The main purpose of these instruments is to finance the business' operations.

In respect of bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility of cash resources. All of the business' cash balances are held in such a way that achieves a competitive rate of interest. The business makes use of investment and deposit account facilities where funds are available.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for doubtful debtors.

Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

The company is keeping a close eye on the events happening in Ukraine following the invasion by Russia. As part of a global group, during 2022, we decided to end the sale of products to new customers in Russia and Belarus to make clear the group's position and support for Ukraine and its people.

ESET Group provides humanitarian aid via ESET Foundation to support non-profit humanitarian organisations working in Ukraine, and set up a system of financial assistance for Ukrainian refugees providing them with accommodation.

 

ESET Software UK Limited

Strategic Report for the Year Ended 31 December 2025

Future developments
The company operates in a competitive environment dominated by established brands with well developed distribution channels. The company has devoted and will continue to devote large amounts of resource into developing product awareness and the strength of the ESET brand generally. Future financial and non-financial KPI's will be based on organic sales growth and measures of market awareness.

Approved by the director on 13 April 2026 and signed on its behalf by:

.........................................
M Mikus
Director

   
     
 

ESET Software UK Limited

Director's Report for the Year Ended 31 December 2025

The director presents his report and the financial statements for the year ended 31 December 2025.

Director of the company

The director who held office during the year was as follows:

M Mikus

Going concern

ESET operates in the sale and delivery of advanced cybersecurity solutions that protect IT systems for both individual consumers and organisations ranging from SMEs to large enterprises. The UK cybersecurity sector continues to experience strong, sustained expansion. In the most recent government analysis (March 2025), the UK sector generated £13.2 billion in revenue, marking a 12% year on year increase, and now employs 67,300 people, up 11% from the prior year.

The company has expanded its portfolio with a range of new products, most notably cloud based offerings that open opportunities across new customer segments. By transitioning many of our traditional on premises solutions to cloud delivery, we are strengthening our ability to compete with vendors who already operate cloud first models.

ESET’s roadmap for 2026 and beyond is ambitious, with the development of an open XDR platform positioned as a key driver of growth—particularly within the MSSP space and among medium to large enterprises.

In 2023, we made a significant shift by investing heavily in paid services in addition to software sales. This services-led approach has proven highly profitable, and we continue to accelerate our efforts in this area. We saw strong growth throughout 2025, and we expect this momentum to continue through 2026 and beyond, making services the highest-growth segment for our UK business.

The UK cybersecurity market remains intensely competitive. As the industry expands beyond traditional endpoint protection, we are now contending not only with our long standing competitors but also with a much broader set of players. Established network and infrastructure vendors are increasingly integrating endpoint security into their portfolios, while service led partners are overlaying agnostic, consolidated security offerings that compete directly with traditional endpoint solutions. This convergence of platforms, services, and reseller capabilities is creating a more crowded and noisier marketplace, making differentiation increasingly challenging.

Having considered the company’s current financial position, the Director has a reasonable expectation that the company will continue to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements.

 

ESET Software UK Limited

Director's Report for the Year Ended 31 December 2025

Disclosure of information to the auditors

The director has taken steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. The director confirms that there is no relevant information that he knows of and of which he knows the auditors are unaware.

Other matters
In accordance with section 414C(11) of the Companies Act 2006, information regarding financial instruments and future developments has been disclosed in the Strategic Report.

Approved by the director on 13 April 2026 and signed on its behalf by:

.........................................
M Mikus
Director

   
     
 

ESET Software UK Limited

Statement of Director's Responsibilities

The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

ESET Software UK Limited

Independent Auditor's Report to the Members of ESET Software UK Limited

Opinion

We have audited the financial statements of ESET Software UK Limited (the 'company') for the year ended 31 December 2025, which comprise the Statement of Income and Retained Earnings, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The director are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

 

ESET Software UK Limited

Independent Auditor's Report to the Members of ESET Software UK Limited

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Director's Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of director's remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit.

Responsibilities of the director

As explained more fully in the Statement of Director's Responsibilities set out on page 7, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

 

ESET Software UK Limited

Independent Auditor's Report to the Members of ESET Software UK Limited

As part of our audit planning we obtained an understanding of the legal and regulatory framework that is applicable to Eset Software UK Limited which was gained through appropriate audit engagement team selection (ensuring competence and capability to recognise non-compliance) and discussions with management. This covered any knowledge or evidence of actual and potential fraud, litigation and claims, which was followed up with corroborative audit review work. As part of our planning procedures, we assessed the risk of any non-compliance with laws and regulations on the company’s ability to continue trading and the risk of material misstatement to the accounts. Based on our understanding of the group and industry, we identified that the principal risks of non-compliance with laws and regulations relating to breaches around health and safety regulations. We considered the extent to which non-compliance with these laws and regulations may have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as The Companies Act 2006 and relevant tax legislation.

We also discussed with management to what extent the business is exposed to fraud – either inherently because of nature of operations, assets or because of weaknesses in internal controls. From these discussions we have evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements. The key incentive identified is to meet the targets agreed with the group and we determined that the principal risks were related to the overstatement of profit, either through overstating revenue, understating expenditure or management bias in accounting estimates.

Based on this understanding we designed our audit procedures to identify non-compliance with relevant laws and regulations. Our procedures involved the following:

• Enquiries of management regarding their knowledge of any non compliance with laws and regulations that could affect the financial statements. As part of these enquiries we also discussed with management whether there have been any known instances of fraud, of which there were none.
In response to the identified risk, as part of our audit work we:
• Sampled sales of generated software licence keys to ensure that sales are complete in the accounts.
• Audited the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.
• Reviewed estimates and judgements made in the accounts for any indication of bias and challenged assumptions used by management in making the estimates.
• Tested sales cut-off around the financial year end linked with service sales to ensure that the deferred income estimate was reasonable.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate omissions, collusion, forgery, misrepresentations, or the override of internal controls. We are also less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

 

ESET Software UK Limited

Independent Auditor's Report to the Members of ESET Software UK Limited

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Chloe Mills FCA (Senior Statutory Auditor)
PKF Francis Clark, Statutory Auditor

Towngate House
2-8 Parkstone Road
Poole
Dorset
BH15 2PW

22 April 2026

 

ESET Software UK Limited

Statement of Income and Retained Earnings

Year Ended 31 December 2025

Note

2025
£

2024
£

Turnover

3

20,510,197

21,045,852

Cost of sales

 

(9,714,518)

(11,431,798)

Gross profit

 

10,795,679

9,614,054

Administrative expenses

 

(11,221,562)

(10,276,838)

Other operating income

4

1,347,423

1,396,915

Operating profit

5

921,540

734,131

Other interest receivable and similar income

6

-

614

Interest payable and similar charges

7

(2,167)

(4,820)

 

(2,167)

(4,206)

Profit before tax

 

919,373

729,925

Taxation

10

(270,212)

(228,337)

Profit for the financial year

 

649,161

501,588

Retained earnings brought forward

 

957,997

917,777

Dividends paid

 

-

(461,368)

Retained earnings carried forward

 

1,607,158

957,997

The company has no recognised gains or losses for the year other than the results above so has not prepared a Statement of Comprehensive Income.

 

ESET Software UK Limited

Balance Sheet

31 December 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

12

198,530

280,352

Current assets

 

Debtors

13

3,212,371

3,386,808

Cash at bank and in hand

 

1,958,853

725,236

 

5,171,224

4,112,044

Creditors: Amounts falling due within one year

14

(3,598,565)

(3,318,801)

Net current assets

 

1,572,659

793,243

Total assets less current liabilities

 

1,771,189

1,073,595

Creditors: Amounts falling due after more than one year

14

(177,291)

(115,944)

Provisions for liabilities

18

13,262

348

Net assets

 

1,607,160

957,999

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

1,607,158

957,997

Shareholders' funds

 

1,607,160

957,999

Approved and authorised by the director on 13 April 2026
 

.........................................
M Mikus
Director

   
     

Company Registration Number: 07184889

 

ESET Software UK Limited

Statement of Cash Flows

Year Ended 31 December 2025

Note

2025
£

2024
£

Cash flows from operating activities

Profit for the year

 

649,161

501,588

Adjustments to cash flows from non-cash items

 

Depreciation and amortisation

5

118,236

113,520

Loss on disposal of tangible assets

-

1,062

Finance income

6

-

(614)

Finance costs

7

2,167

4,820

Income tax expense

10

270,212

228,337

 

1,039,776

848,713

Working capital adjustments

 

Decrease/(increase) in trade debtors

13

174,437

(328,110)

Increase/(decrease) in trade creditors

14

131,062

(437,280)

Increase in deferred income

 

109,777

132,775

Cash generated from operations

 

1,455,052

216,098

Income taxes paid

10

(182,854)

(213,220)

Net cash flow from operating activities

 

1,272,198

2,878

Cash flows from investing activities

 

Interest received

6

-

614

Acquisitions of tangible assets

(36,414)

(73,345)

Net cash flows from investing activities

 

(36,414)

(72,731)

Cash flows from financing activities

 

Interest paid

7

(2,167)

(4,820)

Dividends paid

-

(461,368)

Net cash flows from financing activities

 

(2,167)

(466,188)

Net increase/(decrease) in cash and cash equivalents

 

1,233,617

(536,041)

Cash and cash equivalents at 1 January

 

725,236

1,261,277

Cash and cash equivalents at 31 December

 

1,958,853

725,236

 

ESET Software UK Limited

Notes to the Financial Statements

Year Ended 31 December 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ocean 80 3rd Floor
Holdenhurst Road
Bournemouth
Dorset
BH8 8AQ

These financial statements were authorised for issue by the director on 13 April 2026.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

The company's financial statements have been prepared in accordance with FRS102 - the Financial Reporting Standard applicable in the UK and Republic of Ireland.

There are no material departures from FRS102.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements have been prepared using £ Sterling and have been rounded to the nearest whole pound.

Name of parent of group

The immediate parent company is ESET, spol. s.r.o.

The ultimate parent company is ESET, spol. s.r.o.

These financial statements are consolidated in the financial statements of ESET, spol. s.r.o.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

 

ESET Software UK Limited

Notes to the Financial Statements

Year Ended 31 December 2025

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred corporation tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred corporation tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment, fixtures and fittings

5 - 10 years straight line

Computer equipment

2 - 8 years straight line

Leasehold land and buildings

In line with lease

 

ESET Software UK Limited

Notes to the Financial Statements

Year Ended 31 December 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Internally generated software development costs

5 Year Straight Line

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Lease incentives are written off to the profit and loss account in accordance with the terms of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

ESET Software UK Limited

Notes to the Financial Statements

Year Ended 31 December 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. Turnover is derived from website, direct and reseller sales of ESET product licences and is recognised immediately on receipt of order. Software and signature updates are provided by and are the responsibility of ESET spol s r.o.

3

Revenue

The analysis of the company's Turnover for the year by market is as follows:

2025
£

2024
£

UK

20,229,927

20,815,822

Europe

222,623

132,194

Rest of world

57,647

97,836

20,510,197

21,045,852

 

ESET Software UK Limited

Notes to the Financial Statements

Year Ended 31 December 2025

4

Other operating income

The analysis of the company's other operating income for the year is as follows:

2025
£

2024
£

Miscellaneous other operating income

1,347,423

1,396,915

5

Operating profit

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

118,236

113,520

Foreign exchange losses

4,062

1,601

Loss on disposal of property, plant and equipment

-

1,062

6

Other interest receivable and similar income

2025
£

2024
£

Interest income on bank deposits

-

614

7

Interest payable and similar expenses

2025
£

2024
£

Interest on bank overdrafts and borrowings

2,167

-

Interest expense on other finance liabilities

-

4,820

2,167

4,820

 

ESET Software UK Limited

Notes to the Financial Statements

Year Ended 31 December 2025

8

Staff costs

The aggregate payroll costs (including director's remuneration) were as follows:

2025
£

2024
£

Wages and salaries

5,951,300

5,446,748

Social security costs

853,000

680,265

Pension costs, defined contribution scheme

384,437

251,971

Redundancy costs

-

28,431

Other employee expense

21,566

10,957

7,210,303

6,418,372

The average number of persons employed by the company (including the director) during the year, was 81 (2024 - 78).

 

ESET Software UK Limited

Notes to the Financial Statements

Year Ended 31 December 2025

9

Auditor's remuneration

2025
 £

2024
 £

Audit of the financial statements

23,035

26,800

Other fees to auditors

Other services

2,500

2,200


 

10

Taxation

Tax charged/(credited) in the profit and loss account

2025
£

2024
£

Current taxation

UK corporation tax

283,125

230,815

Deferred taxation

Arising from origination and reversal of timing differences

(12,913)

(2,478)

Tax expense in the income statement

270,212

228,337

The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of 25% (2024 - 25%).

The differences are reconciled below:

2025
£

2024
£

Profit before tax

919,373

729,925

Corporation tax at standard rate

229,843

182,481

Tax increase from effect of capital allowances and depreciation

14,662

6,828

Tax decrease from other short-term timing differences

(12,913)

(2,478)

Effect of expense not deductible in determining taxable profit (tax loss)

36,581

40,675

Tax increase from other tax effects

2,039

831

Total tax charge

270,212

228,337

 

ESET Software UK Limited

Notes to the Financial Statements

Year Ended 31 December 2025

11

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 January 2025

1,050

1,050

At 31 December 2025

1,050

1,050

Amortisation

At 1 January 2025

1,050

1,050

At 31 December 2025

1,050

1,050

Carrying amount

At 31 December 2025

-

-

 

ESET Software UK Limited

Notes to the Financial Statements

Year Ended 31 December 2025

12

Tangible assets

Leasehold land and buildings
£

Office fixtures & equipment
£

Computer equipment
£

Total
£

Cost or valuation

At 1 January 2025

253,182

192,667

446,873

892,722

Additions

-

16,154

20,260

36,414

Disposals

-

-

(4,053)

(4,053)

At 31 December 2025

253,182

208,821

463,080

925,083

Depreciation

At 1 January 2025

169,880

111,056

331,434

612,370

Charge for the year

52,787

16,571

48,878

118,236

Eliminated on disposal

-

-

(4,053)

(4,053)

At 31 December 2025

222,667

127,627

376,259

726,553

Carrying amount

At 31 December 2025

30,515

81,194

86,821

198,530

At 31 December 2024

83,302

81,611

115,439

280,352

Included within the net book value of leasehold land and buildings above is £30,515 (2024 - £83,302) in respect of short leasehold land and buildings.
 

13

Debtors

2025
£

2024
£

Trade debtors

2,694,168

2,831,696

Other debtors

300

-

Prepayments

517,903

555,112

3,212,371

3,386,808

 

ESET Software UK Limited

Notes to the Financial Statements

Year Ended 31 December 2025

14

Creditors

Note

2025
£

2024
£

Due within one year

 

Trade creditors

 

172,841

424,531

Amounts due to group undertakings

17

1,255,059

905,074

Social security and other taxes

 

873,438

847,140

Outstanding defined contribution pension costs

 

84,852

59,632

Other creditors

 

24,800

40,473

Accruals

 

734,817

745,416

Corporation tax

10

281,086

180,815

Deferred income

 

171,672

115,720

 

3,598,565

3,318,801

Due after one year

 

Deferred income

 

136,441

82,616

Other creditors

 

40,850

33,328

 

177,291

115,944

15

Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £384,437 (2024 - £251,971).

Contributions totalling £84,852 (2024 - £59,632) were payable to the scheme at the end of the year and are included in creditors.

16

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2025
£

2024
£

Not later than one year

183,573

256,827

Later than one year and not later than five years

94,691

246,903

278,264

503,730

The amount of non-cancellable operating lease payments recognised as an expense during the year was £260,377 (2024 - £273,286).

 

ESET Software UK Limited

Notes to the Financial Statements

Year Ended 31 December 2025

17

Related party transactions

Key management compensation

2025
£

2024
£

Salaries and other short term employee benefits

693,421

656,777

The company has taken advantage of the exemption in FRS 102 s33.1A from disclosing transactions with other members of the group.

18

Deferred tax and other provisions

Deferred tax
£

At 1 January 2025

(349)

Increase (decrease) in existing provisions

(12,913)

At 31 December 2025

(13,262)

The deferred tax provision represents timing differences between depreciation in the accounts and capital allowances claimed.

19

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

20

Parent and ultimate parent undertaking

The company's immediate and ultimate parent is ESET, SPOL. S.R.O., incorporated in Slovakia.

  These financial statements are available upon request from Einsteinova 24, 851 01 Bratislava, Slovakia.