REGISTERED NUMBER: 05411969 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

COMMETRIC LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

M Minkovski

C U Solheim

A P Belokapov

R Kulasingam

M Salerni

M Mazzaccone

REGISTERED OFFICE:

59-60 Russell Square

London

WC1B 4HP

REGISTERED NUMBER:

05411969 (England and Wales)

ACCOUNTANTS:

Mitchell Glanville (Bristol) Limited

c/o MGB Accountants - Suite 22

Trym Lodge, 1 Henbury Road

Westbury-on-Trym

Bristol

BS9 3HQ

FIXED ASSETS

Intangible assets

4

375,005

370,124

Investments

5

120,832

120,832

495,837

490,956

CURRENT ASSETS

Debtors

6

835,644

753,480

Cash at bank

288,462

302,046

1,124,106

1,055,526

CREDITORS

Amounts falling due within one year

7

774,040

490,890

NET CURRENT ASSETS

350,066

564,636

TOTAL ASSETS LESS CURRENT LIABILITIES

845,903

1,055,592

CAPITAL AND RESERVES

Called up share capital

23,500

23,494

Share premium

8

1,011,110

1,011,110

Capital redemption reserve

8

407

407

Retained earnings

8

(189,114

)

20,581

SHAREHOLDERS' FUNDS

845,903

1,055,592

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 14 May 2026 and were signed on its behalf by:

M Minkovski - Director

1.	STATUTORY INFORMATION

Commetric 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 three years.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

1,939,577

Additions

243,062

At 31 December 2025

2,182,639

AMORTISATION

At 1 January 2025

1,569,453

Charge for year

238,181

At 31 December 2025

1,807,634

NET BOOK VALUE

At 31 December 2025

375,005

At 31 December 2024

370,124

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

and 31 December 2025

11,801

109,031

120,832

NET BOOK VALUE

At 31 December 2025

11,801

109,031

120,832

At 31 December 2024

11,801

109,031

120,832

Cost or valuation at 31 December 2025 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2019

-

(129,591

)

(129,591

)

Cost

11,801

238,622

250,423

11,801

109,031

120,832

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

751,794

706,476

Amounts owed by group undertakings

13,411

6,806

Other debtors

70,439

40,198

835,644

753,480

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

478,554

226,601

Taxation and social security

65,113

92,233

Other creditors

230,373

172,056

774,040

490,890

8.

RESERVES

Capital

Retained

Share

redemption

earnings

premium

reserve

Totals

£

£

£

£

At 1 January 2025

20,581

1,011,110

407

1,032,098

Deficit for the year

(209,695

)

(209,695

)

At 31 December 2025

(189,114

)

1,011,110

407

822,403

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption conferred by s33.1A of Financial Reporting Standard 102 from the requirements to make disclosures concerning transactions entered into with related parties.

During the year, the company made payments totalling £40,004 (2024: £34,756) to DG & Co Global Advisory Limited, a company in which Mr S Garyfallos is a director.

During the year, the company made payments totalling £Nil (2024: £7,000) to Re-Focus Associates Limited, a company in which Mr N Cook is a director.

During the year, the company made payments totalling £13,950 (2024: £163,050) to MQF Consulting Limited, a company in which Mr M Froggatt is a director.

During the year, the company made payments totalling £14,018.65 (2024: £Nil) to Alta Moenia Trust Company Srl, a company in which Mr M Salerni is a director.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C U Solheim.