Greensafe IT Limited

	Page
Company Information	1
Strategic Report	2
Directors' Report	3
Independent Auditor's Report	4—5
Statement of Comprehensive Income	6
Balance Sheet	7
Statement of Changes in Equity	8
Notes to the Financial Statements	9—16

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Strategic Report

For The Year Ended 31 August 2025

Strategic Report

The directors present their strategic report for the year ended 31 August 2025.

Principal Activity

The company's principal activity is the provision of IT services and the recycling of IT related assets.

Review of the Business

The company provides a wide range of comprehensive IT services. Throughout the year managements’ focus was on the key metrics of new customer acquisition and the growth of existing customer accounts. As a result, the company experienced an increase in its annual turnover of £2.17m representing growth of circa 16.8%.

Going forward, the directors remain confident that the size of the overall market sector, means that the company has future opportunities for growth. The directors are confident that they will achieve continued growth. However, they acknowledge that increases in national insurance and wage inflation remain a challenge. These challenges are being met with investment in new system automation and controls.

Principal Risks and Uncertainties

The company's policy in respect of risks is to preserve the resources upon which its continuing reputation, viability and profitability are built, in order to enable its corporate objectives to be achieved.

The principal risk is the concentration of services within certain key customer accounts. The sales team have been tasked with the continued widening of the customer base. The company has also faced an increase in national insurance costs. It has managed this through process improvements and improved labour efficiency. Finally, the company has credit risk, in respect of trade debtors, which it manages through its effective credit control procedures.

Future Developments

The company is focused on acquiring new clients to reduce its dependency on existing customers. Moreover, the future growth efforts continue to focus on recurring IT service contracts in priority to adhoc project work.

Going Concern

The company made a profit in the current financial year and post year end has continued to make satisfactory profits. The directors have assessed their 24 month profit and cashflow forecasts and consider the going concern basis to be appropriate.

On behalf of the board

Mr J A Sansom

Director

28 May 2026

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Greensafe IT Limited

Company No. 08173959

Directors' Report For The Year Ended 31 August 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 August 2025.

Directors

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

Mr J A Sansom

Mr M Utsumi

Mr J J Sansom

Matters covered in the Strategic Report

Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors 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 directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are 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. They are 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.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, Harrison Partners Limited, are deemed to be re-appointed under section 487(2) of the Companies Act 2006.

On behalf of the board

Mr J A Sansom

Director

28 May 2026

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Independent Auditor's Report

to the Members of

Greensafe IT Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Greensafe IT Limited for the year ended 31 August 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

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Independent Auditor's Report (continued)

to the Members of

Greensafe IT Limited

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified the laws and regulations applicable to the company through discussions with directors and other management and from our commercial knowledge and experience of the information technology sector. We obtained an understanding of the legal and regulatory frameworks applicable to the company and identified the specific laws and regulations that have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006 and UK GAAP, FRS102 in particular. We also considered other laws and regulations which may be fundamental to the company’s ability to operate or to avoid a material penalty. These included the Waste Electrical and Electronic Equipment Regulations. We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and ensuring proper policies and procedures are in place. Moreover, the laws and regulations were communicated to the audit team who remained alert to instances of non-compliance throughout the audit. We also assessed the susceptibility of the company’s financial statements to material misstatement by making enquiries of management as to where they considered there was a susceptibility to fraud, their knowledge of actual or suspected frauds and through a consideration of the internal controls that might mitigate the risk of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and the override of controls, we performed substantive testing of material balance sheet assets and liabilities, plus directional testing of revenue, expenses and payroll. There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment, forgery, collusion or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Neil Harrison (Senior Statutory Auditor)

for and on behalf of Harrison Partners Limited , Statutory Auditor

28 May 2026

Harrison Partners Limited

Masonic Building

9 Mill Street

Sutton Coldfield

B72 1TJ

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Greensafe IT Limited

Statement of Comprehensive Income

For The Year Ended 31 August 2025

Statement of Comprehensive Income

		2025	2024
	Notes	£	£
TURNOVER	4	15,060,257	12,894,459
Cost of sales		(5,096,125 )	(3,980,573 )

GROSS PROFIT		9,964,132	8,913,886

Administrative expenses		(9,570,102 )	(8,726,715 )

OPERATING PROFIT	5	394,030	187,171
Loss on disposal of fixed assets		(18,070 )	(434 )
Other interest receivable and similar income	10	18,665	7,740
Interest payable and similar charges	11	(18,694 )	(19,931 )

PROFIT BEFORE TAXATION		375,931	174,546
Tax on Profit	12	(85,707 )	(54,472 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		290,224	120,074
OTHER COMPREHENSIVE INCOME FOR THE YEAR		-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR		290,224	120,074

The notes on pages 9 to 16 form part of these financial statements.

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Greensafe IT Limited

Balance Sheet

As At 31 August 2025

Balance Sheet

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	13		270,674		190,984
Tangible Assets	14		500,532		518,061

			771,206		709,045
CURRENT ASSETS
Stocks	15	301,731		160,894
Debtors	16	2,992,132		2,872,553
Cash at bank and in hand		278,895		1,286,965

		3,572,758		4,320,412
Creditors: Amounts Falling Due Within One Year	17	(2,594,260 )		(3,568,704 )

NET CURRENT ASSETS (LIABILITIES)			978,498		751,708

TOTAL ASSETS LESS CURRENT LIABILITIES			1,749,704		1,460,753

Creditors: Amounts Falling Due After More Than One Year	18		(310,786 )		(288,312 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	21		(76,231 )		(99,978 )

NET ASSETS			1,362,687		1,072,463

CAPITAL AND RESERVES
Called up share capital	23		100		100
Profit and Loss Account			1,362,587		1,072,363

SHAREHOLDERS' FUNDS			1,362,687		1,072,463

The financial statements were approved by the board of directors on 28 May 2026 and were signed on its behalf by:

Mr J A Sansom

Director

The notes on pages 9 to 16 form part of these financial statements.

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Greensafe IT Limited

Statement of Changes in Equity

For The Year Ended 31 August 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 September 2023	100	952,289	952,389
Profit for the year and total comprehensive income	-	120,074	120,074

As at 31 August 2024 and 1 September 2024	100	1,072,363	1,072,463


Profit for the year and total comprehensive income	-	290,224	290,224

As at 31 August 2025	100	1,362,587	1,362,687

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Greensafe IT Limited

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Greensafe IT Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08173959 . The registered office is Aventine House, Edwin Avenue, Kidderminster, Worcestershire, DY11 7RA.

2. Statement of Compliance

The financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention.

3.2. Financial Reporting Standard 102 - Reduced Disclosure Exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17 (d).

3.3. Going Concern Disclosure

The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future. The directors have considered the working capital requirements for a period of 12 months from the date of this report and have concluded that there are no material uncertainties that may cast significant doubt on the Company’s ability to continue as a going concern.

3.4. Significant judgements and estimations

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and the reported amounts of assets, liabilities, income and expenses. These estimates and judgements are continually reviewed and are based on past experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The areas requiring a higher degree of judgement, or complexity, and areas where assumptions or estimates are most significant to the financial statements are disclosed below:

Estimated life of fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation. The depreciation rates are set with reference to the estimated useful lives of each asset.

3.5. 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 as the services are delivered and performance objectives are met.

3.6. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets comprise the company's proprietary operating platform. It is amortised to profit and loss account over its estimated economic life of 10 years.

Intangible assets are reviewed annually for impairment or more frequently if there are indications that they might be impaired.

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Greensafe IT Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

3.7. 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	20% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	20% reducing balance
Computer Equipment	3 years straight line

Depreciation methods, useful lives and residual values are reviewed if there is an indication of a significant change since the last reporting date in the pattern by which the Company expects to consume an asset's future economic benefits. The carrying value of tangible fixed assets is reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable. Any impairment in the value is charged to income.

3.8. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3.9. 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.

3.10. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3.11. 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.

3.12. Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for

them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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Greensafe IT Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

3.13. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3.14. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of Comprehensive Income.

4. Turnover

Analysis of turnover by geographical market is as follows:

	2025	2024
	£	£
United Kingdom	15,060,257	12,894,459

	15,060,257	12,894,459

5. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Depreciation of tangible fixed assets - owned	89,573	108,700
Depreciation of tangible fixed assets - finance leases and hire purchase contracts	31,476	56,027
Amortisation of intangible fixed assets	36,400	24,791

6. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	6,000	5,750


Other Services
Audit-related assurance services	3,500	3,150
Taxation compliance service	250	250
Other non-audit services	4,950	4,800

	8,700	8,200

7. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	5,475,302	5,089,026
Social security costs	568,882	455,473
Other pension costs	92,543	85,619

	6,136,727	5,630,118

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Greensafe IT Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

8. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	49	49
Sales, marketing and distribution	10	10
Technical	44	44
Warehouse	92	89

	195	192

9. Directors' remuneration

	2025	2024
	£	£
Emoluments	81,917	75,300
Company contributions to money purchase pension schemes	2,055	1,321

	83,972	76,621

The number of directors to whom retirement benefits were accruing was as follows:

	2025		2024
Money purchase pension schemes	1		1

10. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	18,665	7,740

11. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	4,810	8,570
Finance charges payable under finance leases and hire purchase contracts	13,884	11,361

	18,694	19,931

12. Tax on Profit

	Tax Rate		2025	2024
The tax charge on the profit for the year was as follows:
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	109,454	60,591
Deferred Tax
Deferred taxation			(23,747 )	(6,119 )


Total tax charge for the period			85,707	54,472

...CONTINUED

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Greensafe IT Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

	2025	2024
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
	£	£
Profit before tax	375,931	174,546

Tax on profit at 25% (UK standard rate)	93,982	43,637
Goodwill/depreciation not allowed for tax	43,880	47,424
Expenses not deductible for tax purposes	7,211	5,328
Capital allowances	(35,619 )	(35,798 )
Short term timing differences	(23,747 )	(6,119 )

Total tax charge for the period	85,707	54,472

13. Intangible Assets

	Other
	£
Cost
As at 1 September 2024	247,909
Additions	116,090

As at 31 August 2025	363,999

Amortisation
As at 1 September 2024	56,925
Provided during the period	36,400

As at 31 August 2025	93,325

Net Book Value
As at 31 August 2025	270,674

As at 1 September 2024	190,984

14. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 September 2024	545,654	430,127	344,641	55,936	1,376,358
Additions	8,500	69,800	59,657	-	137,957
Disposals	-	(78,195 )	-	-	(78,195 )

As at 31 August 2025	554,154	421,732	404,298	55,936	1,436,120

Depreciation
As at 1 September 2024	398,828	252,709	182,651	24,109	858,297
Provided during the period	31,065	26,982	44,330	18,672	121,049
Disposals	-	(43,758 )	-	-	(43,758 )

As at 31 August 2025	429,893	235,933	226,981	42,781	935,588

...CONTINUED

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Greensafe IT Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Net Book Value
As at 31 August 2025	124,261	185,799	177,317	13,155	500,532

As at 1 September 2024	146,826	177,418	161,990	31,827	518,061

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	119,578	168,081

15. Stocks

	2025	2024
	£	£
Stock	301,731	160,894

16. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,562,786	1,022,090
Prepayments and accrued income	517,601	453,605
Other debtors	52,081	2,450
Corporation tax recoverable assets	21,217	21,217
Amounts owed by group undertakings	838,447	1,373,191

	2,992,132	2,872,553

The amounts owed by group undertakings are unsecured, interest free and repayable on demand.

17. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	55,360	73,419
Trade creditors	864,141	870,873
Bank loans and overdrafts	33,333	50,000
Amounts owed to group undertakings	426,932	426,932
Other creditors	23,529	189,761
Corporation tax	108,677	87,500
Taxation and social security	560,236	590,651
Accruals and deferred income	522,052	1,279,568

	2,594,260	3,568,704

The amounts owed to group undertakings are unsecured, interest free and repayable on demand.

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Greensafe IT Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	80,274	83,586
Bank loans	-	33,334
Other creditors	230,512	171,392

	310,786	288,312

19. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	33,333	50,000

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	-	33,334

The bank loan is secured by a debenture over all of the company's assets dated 1 December 2017 in favour of Natwest Bank Plc.

20. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	55,360	73,419
Later than one year and not later than five years	80,274	83,586

	135,634	157,005

	135,634	157,005

The finances leases are secured over the fixed assets to which they relate.

21. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	76,231	99,978

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Greensafe IT Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

22. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 September 2024	99,978	99,978
Deferred taxation	(23,747 )	(23,747 )

Balance at 31 August 2025	76,231	76,231

23. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

24. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £92,543 (2024: £85,619).

At the balance sheet date contributions of £23,529 (2024: £19,902) were due to the fund and are included in creditors.

25. Post Balance Sheet Events

There are no events that have occurred since the reporting date that need to be disclosed or adjusted for in these financial statements.

26. Related Party Disclosures

The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

The company made sales of £8,987 (2024 - £4,500) to Utsumi UK Limited, a company under common control. Within other debtors is an amount of £50,000 (2024 - £0) due from Utsumi UK Limited.

Wtihin other creditors due after one year is an amount of £165,500 (2024: £165,500) due to the director J A Sansom and £65,012 (2024: £5,892) due to the director J J Sansom.

27. Controlling Parties

The ultimate parent company and controlling party is Greensafe Holdings Limited, a company registered in England and Wales. Its registered office is Aventine House, Edwin Avenue, Hoo Farm Industrial Estate, Kidderminster DY11 7RA. Copies of the group accounts may be obtained from Companies House.

28. Guarantees

The company has provided a £1,200,000 guarantee to NatWest in respect of bank loans held by Greensafe Property Limited, a fellow subsidiary of Greensafe Holdings Limited.

The company has provided a £3,555,000 guarantee to NatWest in respect of bank loans held by Greensafe Property (Droitwich) Limited, a fellow subsidiary of Greensafe Holdings Limited.

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