Perceptor Inspection Technologies Ltd

	Page
Company Information	1
Director's Report	2
Profit and Loss Account	3
Balance Sheet	4—5
Notes to the Financial Statements	6—8

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Company No. 13452078

Director's Report For The Year Ended 31 December 2025

Director's Report

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

Review of the Business

Given the continued technical issues and on-going development requirement alongside the low revenue growth in the fiscal year, the Management took the necessary and prudent decision to write down the valuation of the non-tangible assets to accurately reflect the fair value at year end. This reduced valuation reflects the long sales cycle but given the continued interest in the product, a growing sales pipeline, a high profit margin with recurring revenues and the potential for investment, the Management strongly believe that the Company can continue as a going concern and have prepared these financial statements on that basis.

Directors

The directors who held office during the year were as follows:

Mr Mark Worlidge

Statement of Director's Responsibilities

The director is responsible for preparing the Directors' 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 they are 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 the financial statements the director is required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
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 them 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.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

On behalf of the board

Mr Mark Worlidge

Director

08/05/2026

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Perceptor Inspection Technologies Ltd

Profit and Loss Account

For The Year Ended 31 December 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER		246,834	24,187
Cost of sales		(113,784 )	(7,698 )

GROSS PROFIT		133,050	16,489

Administrative expenses		(1,296,023 )	133,796

OPERATING (LOSS)/PROFIT		(1,162,973 )	150,285
Loss on disposal of fixed assets		(1,533 )	-
Interest payable and similar charges		(9,857 )	(6,637 )

(LOSS)/PROFIT FOR THE FINANCIAL YEAR		(1,174,363 )	143,648

The notes on pages 6 to 8 form part of these financial statements.

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Perceptor Inspection Technologies Ltd

Balance Sheet

As At 31 December 2025

Balance Sheet

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1		1,104,873
Tangible Assets	5		4,075		4,235

			4,076		1,109,108
CURRENT ASSETS
Stocks	6	56,732		10,000
Debtors	7	19,453		10,472
Cash at bank and in hand		4,684		12,139

		80,869		32,611
Creditors: Amounts Falling Due Within One Year	8	(962,049 )		(919,460 )

NET CURRENT ASSETS (LIABILITIES)			(881,180 )		(886,849 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(877,104 )		222,259

Creditors: Amounts Falling Due After More Than One Year	9		(75,000 )		-

NET (LIABILITIES)/ASSETS			(952,104 )		222,259

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			(952,204 )		222,159

SHAREHOLDERS' FUNDS			(952,104)		222,259

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Perceptor Inspection Technologies Ltd

Balance Sheet (continued)

As At 31 December 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr Mark Worlidge

Director

08/05/2026

The notes on pages 6 to 8 form part of these financial statements.

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Perceptor Inspection Technologies Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Perceptor Inspection Technologies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13452078 . The registered office is 61 Bridge Street, Kington, HR5 3DJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets is Software Development costs of the Perceptor PTXL product. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	5 years
Fixtures & Fittings	5 years
Computer Equipment	5 years

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 6)

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Perceptor Inspection Technologies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Intellectual Property
	£
Cost
As at 1 January 2025	1,104,873

As at 31 December 2025	1,104,873

Amortisation
As at 1 January 2025	-
Impairment losses	1,104,872

As at 31 December 2025	1,104,872

Net Book Value
As at 31 December 2025	1

As at 1 January 2025	1,104,873

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	5,950	409	-	6,359
Additions	-	-	4,788	4,788
Disposals	(5,950 )	-	-	(5,950 )

As at 31 December 2025	-	409	4,788	5,197

Depreciation
As at 1 January 2025	2,042	82	-	2,124
Provided during the period	-	82	958	1,040
Disposals	(2,042 )	-	-	(2,042 )

As at 31 December 2025	-	164	958	1,122

Net Book Value
As at 31 December 2025	-	245	3,830	4,075

As at 1 January 2025	3,908	327	-	4,235

6. Stocks

	2025	2024
	£	£
Stock	56,732	10,000

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Perceptor Inspection Technologies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	14,589	7,203
Prepayments and accrued income	299	-
VAT	4,565	3,269

	19,453	10,472

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	334,018	46,594
Bank loans and overdrafts	73,333	-
Employment taxes and pensions payable	36,044	5,267
Intercompany creditors	94,302	266,882
Accruals and deferred income	-	138,217
Director's loan account	424,352	462,500

	962,049	919,460

Bank Loans (due within 1 year) include loans of £20,000 that are secured by fixed and floating charges on all assets of the Group

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	75,000	-

Bank Loans (due after 1 year) include loans of £73,333 that are secured by fixed and floating charges on all assets of the Group

10. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	7,796	-
Bank loans and overdrafts	93,333	-

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Director	Mr Mark Worlidge

Company Number	13452078

Registered Office	61 Bridge Street
	Kington
	HR5 3DJ

Accountants	61 Bridge Street
	Kington
	HR5 3DJ