REGISTERED NUMBER: 05880688 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Triopsis Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A J Hutt

SECRETARY:

Mr A J Hutt

REGISTERED OFFICE:

c/o Wilson Partners Limited,

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

REGISTERED NUMBER:

05880688 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

FIXED ASSETS

Intangible assets

4

886,424

856,990

Tangible assets

5

10,992

6,317

Investments

6

1

1

897,417

863,308

CURRENT ASSETS

Debtors

7

329,971

229,935

Cash at bank

380,848

250,688

710,819

480,623

CREDITORS

Amounts falling due within one year

8

(420,205

)

(442,052

)

NET CURRENT ASSETS

290,614

38,571

TOTAL ASSETS LESS CURRENT LIABILITIES

1,188,031

901,879

CREDITORS

Amounts falling due after more than one year

9

(50,153

)

(111,576

)

PROVISIONS FOR LIABILITIES

(2,748

)

(1,580

)

NET ASSETS

1,135,130

788,723

CAPITAL AND RESERVES

Called up share capital

136,004

136,004

Share premium

107,345

107,345

Capital redemption reserve

28,849

28,849

Retained earnings

862,932

516,525

1,135,130

788,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 April 2026 and were signed by:

Mr A J Hutt - Director

1.	STATUTORY INFORMATION

Triopsis 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.

Preparation of consolidated financial statements

The financial statements contain information about Triopsis Limited 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.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover

Turnover represents revenue from software subscription fee income, support and maintenance income and services income. The turnover of the Company was generated from its principal activity and arose wholly within the United Kingdom.

Software subscription fee income is recognised over the period of the subscription. Support and maintenance income is deferred at the date of invoicing and released to the profit and loss account over the duration of the maintenance contracts. Income not released to the profit and loss account is carried in the balance sheet in deferred revenue. Services income is recognised in the month the services are performed.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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.

Research and development

Expenditure on software development directly associated with on-going revenue streams is capitalised and amortised over 5 years. Other research and development is expensed in the year in which it is incurred.

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.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 August 2024

1,363,518

Additions

330,975

At 31 July 2025

1,694,493

AMORTISATION

At 1 August 2024

506,528

Charge for year

301,541

At 31 July 2025

808,069

NET BOOK VALUE

At 31 July 2025

886,424

At 31 July 2024

856,990

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

47,659

Additions

10,109

Disposals

(4,683

)

At 31 July 2025

53,085

DEPRECIATION

At 1 August 2024

41,342

Charge for year

5,403

Eliminated on disposal

(4,652

)

At 31 July 2025

42,093

NET BOOK VALUE

At 31 July 2025

10,992

At 31 July 2024

6,317

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 August 2024

and 31 July 2025

1

NET BOOK VALUE

At 31 July 2025

1

At 31 July 2024

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

303,218

185,490

Other debtors

26,753

44,445

329,971

229,935

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

-

84,121

Trade creditors

16,913

33,466

Taxation and social security

127,810

73,928

Other creditors

275,482

250,537

420,205

442,052

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans

-

111,576

Other creditors

50,153

-

50,153

111,576

10.	RELATED PARTY DISCLOSURES

As at the period end, £50,153.06 (2024: £0) was owed to Valerie Hutt, who is classed as a related party. The loan carries an interest rate of 9.49% per annum and is repayable on maturity of the loan, which is 20th July 2028. The interest expense recognised in the profit and loss account for the year in respect of this loan was £153.06 (2024: £0).

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A J Hutt.

12.	FACTORS AFFECTING FUTURE TAX CHARGE

The company has tax losses of £0 (31 July 2024: £8,595) available to offset against future trading profits.