STECH TECHNOLOGY UK LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10897880

STECH TECHNOLOGY UK LIMITED

Filleted Unaudited Financial Statements

31 August 2025

STECH TECHNOLOGY UK LIMITED

Financial Statements

Year ended 31 August 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

STECH TECHNOLOGY UK LIMITED

Statement of Financial Position

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	579,356	720,776
Tangible assets	6	10,066	15,804
		---------	---------
		589,422	736,580

Current assets

Debtors	7	99,291	46,537
Restricted cash	8	–	93,605
Cash at bank and in hand		15,184	163,556
		---------	---------
		114,475	303,698

Creditors: amounts falling due within one year	9	3,253,027	1,832,817
		------------	------------
Net current liabilities		3,138,552	1,529,119
		------------	------------
Total assets less current liabilities		( 2,549,130)	( 792,539)
		------------	---------
Net liabilities		( 2,549,130)	( 792,539)
		------------	---------

Capital and reserves

Called up share capital	3,700,000	3,700,000
Profit and loss account	( 6,249,130)	( 4,492,539)
	------------	------------
Shareholders deficit	( 2,549,130)	( 792,539)
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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

Director's responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

STECH TECHNOLOGY UK LIMITED

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 6 May 2026 , and are signed on behalf of the board by:

Mr C Sisman
Director

Company registration number: 10897880

STECH TECHNOLOGY UK LIMITED

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 86-90 Paul street, London, EC2A 4NE, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company relies on the financial support of the Shareholder and Director who has confirmed his continued support. The director has a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Revenue recognition

Turnover represents the invoiced value, net of Value Added Tax, of services provided to customers. Turnover is wholly derived from the principal activity of the business.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Development costs	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 31 ).

5. Intangible assets

	Development costs
	£
Cost
At 1 September 2024	1,532,025
Additions	129,806
	------------
At 31 August 2025	1,661,831
	------------
Amortisation
At 1 September 2024	811,249
Charge for the year	271,226
	------------
At 31 August 2025	1,082,475
	------------
Carrying amount
At 31 August 2025	579,356
	------------
At 31 August 2024	720,776
	------------

6. Tangible assets

	Equipment
	£
Cost
At 1 September 2024 and 31 August 2025	130,305
	---------
Depreciation
At 1 September 2024	114,501
Charge for the year	5,738
	---------
At 31 August 2025	120,239
	---------
Carrying amount
At 31 August 2025	10,066
	---------
At 31 August 2024	15,804
	---------

7. Debtors

	2025	2024
	£	£
Other debtors	99,291	46,537
	--------	--------

Other debtors includes the following:

	2025	2024
	£	£
Prepayments	32,169	41,662
Rent deposit	–	4,080
Pension fund	–	129

8. Restricted cash

	2025	2024
	£	£
Restricted cash	–	93,605
	----	--------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	80,981	138,444
Social security and other taxes	15,044	45,658
Other creditors	3,157,002	1,648,715
	------------	------------
	3,253,027	1,832,817
	------------	------------

Other Creditors includes the following:

	2025	2024
	£	£
Related company loan	119,386	18,056
Directors loan account	1,320,248	2,494,275
Accruals	32,094	207,953
Duty and gaming taxes	49,595	111,976
Customer funds	127,392	162,960

10. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr C Sisman	( 1,320,248)	( 35,000)	( 1,355,248)
	------------	--------	------------

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr C Sisman	( 2,494,275)	1,174,027	( 1,320,248)
	------------	------------	------------

11. Related party transactions

At the year end the company owed to Stech European Ltd £Nil (2024: £8,404) and Stech Technology Holding (CY) Limited £1,705,077 (2024: £110,983).

12. Controlling party

The company is controlled by Stech Technology Holding (CY) Limited, a company registered in Cyprus.