REGISTERED NUMBER: SC384647 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

I-Confidential Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms L J Beattie

Mr I Harragan

Mr C Fraser

REGISTERED OFFICE:

2 Redheughs Rigg

Edinburgh

Lothian

EH12 9DQ

REGISTERED NUMBER:

SC384647 (Scotland)

ACCOUNTANTS:

Advantage Accounting (Scotland) Ltd

Pavilion 2

Finnieston Business Park

Minerva Way

Glasgow

G3 8AU

FIXED ASSETS

Tangible assets

4

32,677

21,022

CURRENT ASSETS

Debtors

5

1,820,129

2,044,465

Cash at bank

2,457,744

2,957,127

4,277,873

5,001,592

CREDITORS

Amounts falling due within one year

6

2,990,257

3,531,787

NET CURRENT ASSETS

1,287,616

1,469,805

TOTAL ASSETS LESS CURRENT LIABILITIES

1,320,293

1,490,827

PROVISIONS FOR LIABILITIES

8,169

5,255

NET ASSETS

1,312,124

1,485,572

CAPITAL AND RESERVES

Called up share capital

7

85

90

Retained earnings

1,312,039

1,485,482

SHAREHOLDERS' FUNDS

1,312,124

1,485,572

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 29 May 2026 and were signed on its behalf by:

Ms L J Beattie - Director

1.	STATUTORY INFORMATION

I-Confidential Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover

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

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 23 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

36,105

Additions

18,911

At 31 August 2025

55,016

DEPRECIATION

At 1 September 2024

15,083

Charge for year

7,256

At 31 August 2025

22,339

NET BOOK VALUE

At 31 August 2025

32,677

At 31 August 2024

21,022

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

1,723,480

2,012,251

Other debtors

96,649

32,214

1,820,129

2,044,465

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

2,664,174

2,986,492

Taxation and social security

176,970

356,363

Other creditors

149,113

188,932

2,990,257

3,531,787

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

8,500

Ordinary Shares

0.01

85

90

On 29 October 2024, the Company entered into an agreement to purchase shares from certain shareholders as part of a transition to employee ownership via an Employee Ownership Trust (EOT). Under the terms of the agreement, the Company will acquire a total of 3,177 ordinary shares of £0.01 each for aggregate consideration of £1,801,359. The purchase is structured in six tranches, with completion dates running from October 2024 to October 2029. Each tranche is conditional on the Company having sufficient distributable profits at the relevant date.

During the year ended 31 August 2025, the first tranche completed. The Company purchased and cancelled 530 ordinary shares for total consideration of £300,510. At the balance sheet date, the Company remains committed to completing the remaining tranches under the agreement, subject to the availability of distributable profits.

Following the balance date and prior to the approval of the accounts the second tranche has now completed.