Company No: 12097990 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Simon Norman Thomas Ballantyne
	Christopher David Dadd
	Simon Merrett

REGISTERED OFFICE	First Floor Unit 8 Wessex Park Somerton Business Park
	Bancombe Road
	Somerton
	TA11 6SB
	United Kingdom

COMPANY NUMBER

12097990 (England and Wales)

ACCOUNTANT	Gravita Western Limited
	Keble House
	Southernhay Gardens
	Exeter
	EX1 1NT
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	54,854		44,278
Tangible assets	4	5,211		5,476
		60,065		49,754
Current assets
Stocks		102,600		9,500
Debtors	5	320,963		22,105
Cash at bank and in hand		361,529		79,244
		785,092		110,849
Creditors: amounts falling due within one year	6	( 347,839)		( 58,067)
Net current assets		437,253		52,782
Total assets less current liabilities		497,318		102,536
Provision for liabilities	7	( 64,896)		( 8,000)
Net assets		432,422		94,536
Capital and reserves
Called-up share capital		300		300
Profit and loss account		432,122		94,236
Total shareholder's funds		432,422		94,536

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Far Field Exploits Limited (registered number: 12097990) were approved and authorised for issue by the Board of Directors on 28 April 2026. They were signed on its behalf by:

Christopher David Dadd Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Far Field Exploits Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is First Floor Unit 8 Wessex Park Somerton Business Park, Bancombe Road, Somerton, TA11 6SB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods net of value added tax.

Taxation

Current tax
Taxation 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 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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences

5 years straight line

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment

4 years straight line

Stocks

Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		3

3. Intangible assets

	Trademarks, patents and licences		Total
	£		£
Cost
At 01 August 2024	45,778		45,778
Additions	22,181		22,181
At 31 July 2025	67,959		67,959
Accumulated amortisation
At 01 August 2024	1,500		1,500
Charge for the financial year	11,605		11,605
At 31 July 2025	13,105		13,105
Net book value
At 31 July 2025	54,854		54,854
At 31 July 2024	44,278		44,278

4. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 August 2024	9,305		9,305
Additions	2,047		2,047
At 31 July 2025	11,352		11,352
Accumulated depreciation
At 01 August 2024	3,829		3,829
Charge for the financial year	2,312		2,312
At 31 July 2025	6,141		6,141
Net book value
At 31 July 2025	5,211		5,211
At 31 July 2024	5,476		5,476

5. Debtors

	2025		2024
	£		£
Trade debtors	316,397		16,061
Amounts owed by Group undertakings	1,710		1,710
Other debtors	2,856		4,334
	320,963		22,105

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	100		1,470
Amounts owed to Group undertakings	5,456		5,020
Taxation and social security	330,164		44,950
Other creditors	12,119		6,627
	347,839		58,067

7. Provision for liabilities

	2025		2024
	£		£
Deferred tax	1,161		0
Other provisions	63,735		8,000
	64,896		8,000

Other provisions are for the potential costs incurred by the company which relate to sales made under warranty.