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Registration number: SC219000

iDelta Limited Annual Report and Financial Statements for the Period from 1 April 2025 to 31 December 2025
Brebners Chartered Accountants & Statutory Auditor 130 Shaftesbury Avenue London W1D 5AR

iDelta Limited

Contents

Company Information | 1
Directors' Report | 2
Statement of Directors' Responsibilities | 3
Independent Auditor's Report | 4 to 7
Statement of Income and Retained Earnings | 8
Statement of Financial Position | 9
Notes to the Financial Statements | 10 to 19

iDelta Limited

Company Information

Directors | O Slamenkaite K Moreton J F Mottard

Registered office | Suite 3, Third Floor, H1, Hill of Rubislaw Aberdeen Scotland United Kingdom AB15 6BY

Auditor | Brebners Chartered Accountants & Statutory Auditor 130 Shaftesbury Avenue London W1D 5AR

iDelta Limited

Directors' Report for the Period from 1 April 2025 to 31 December 2025

The directors present their report and the financial statements for the period from 1 April 2025 to 31 December 2025.

Directors of the company

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

O Slamenkaite (appointed 4 April 2025)

K Moreton (appointed 4 April 2025)

S G Robertson (resigned 4 April 2025)

J F Campbell (resigned 4 April 2025)

J F Mottard (appointed 4 April 2025)

Directors' liabilities

As permitted by Articles of Association, the directors have the benefit of an indemnity which is a qualifying third party indemnity provision as defined by Section 234 of the Companies Act 2006. The indemnity was in force throughout the last financial year and is currently in force.

Disclosure of information to the auditor

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the director on 4 June 2026 and signed by:

.........................................
O Slamenkaite
Director

iDelta Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual 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 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 these financial statements, the directors are required to:

• | select suitable accounting policies and apply them consistently;

• | make judgements and accounting estimates that are reasonable and prudent;

• | state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• | 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.

iDelta Limited

Independent Auditor's Report to the Members of iDelta Limited
for the Period from 1 April 2025 to 31 December 2025

Opinion

We have audited the financial statements of iDelta Limited (the 'company') for the period from 1 April 2025 to 31 December 2025, which comprise the Statement of Income and Retained Earnings, Statement of Financial Position, and Notes to the Financial Statements, 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, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• | give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the period 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.

Other matters

Without qualifying our opinion we draw attention to the basis of preparation accounting policy on page 10 of the financial statements and the fact that the comparative information in the financial statements, covering the period from 1 April 2024 to 31 March 2025, was unaudited as the company was entitled to exemption from audit.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's 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 company's ability to continue as a going concern for a period of at least twelve 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 directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

iDelta Limited

Independent Auditor's Report to the Members of iDelta Limited
for the Period from 1 April 2025 to 31 December 2025

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 Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and

• | the Directors' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

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

We have nothing to report in respect of the following matters where 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 and 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; or

• | the directors were not entitled to take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities (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.

iDelta Limited

Independent Auditor's Report to the Members of iDelta Limited
for the Period from 1 April 2025 to 31 December 2025

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Based on our understanding of the company and the industry in which it operates, we determined that the principal risks of non-compliance with laws and regulations related to the reporting framework (FRS 102 and the Companies Act 2006) and UK corporate taxation laws health and safety legislation, and data protection legislation. These risks were communicated to our audit team and we remained alert to any indications of non-compliance throughout our audit.
We understood how the company is complying with relevant legislation by making enquiries of management. We also considered the results of our audit procedures and to what extent these corroborate this understanding and assessed the susceptibility of the company’s financial statements to material misstatement. This included consideration of how fraud might occur and evaluation of management’s incentives and opportunities for fraudulent manipulation of the financial statements.
We designed our audit procedures to identify any non-compliance with laws and regulations. Such procedures included, but were not limited to, inspection of any regulatory or legal correspondence; challenging assumptions and judgements made by management; identifying and testing journal entries with a focus on large or unusual transactions as determined based on our understanding of the business; and identifying and assessing the effectiveness of controls in place to prevent and detect fraud.
Owing to the inherent limitations of an audit, there remains a risk that a material misstatement may not have been detected, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance with laws and regulations and cannot be expected to detect all instances of non-compliance.

The primary responsibility for the detection and prevention of fraud rests with those responsible for governance and management. The further removed non-compliance with laws and regulations is from the events reflected in the financial statements, the less likely the auditor will become aware of it.
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, collusion, omission, misrepresentation or forgery.

iDelta Limited

Independent Auditor's Report to the Members of iDelta Limited
for the Period from 1 April 2025 to 31 December 2025

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 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.

......................................
Darren Bond (Senior Statutory Auditor)
For and on behalf of
Brebners, Statutory Auditor
130 Shaftesbury Avenue
London
W1D 5AR

5 June 2026

iDelta Limited

Statement of Income and Retained Earnings for the Period from 1 April 2025 to 31 December 2025

| Note | 9 months to 31 December 2025 £ | 10 months to 31 March 2025 £
Turnover | 3 | 518,342 | 454,509
Cost of sales |  | (269,428) | (260,017)
Gross profit |  | 248,914 | 194,492
Administrative expenses |  | 10,578 | (206,629)
Operating profit/(loss) | 4 | 259,492 | (12,137)
Other interest receivable and similar income | 5 | 3,407 | 3,049
Interest payable and similar charges | 6 | (5,480) | (6,080)
|  | (2,073) | (3,031)
Profit/(loss) before tax |  | 257,419 | (15,168)
Taxation | 9 | (64,355) | (7,754)
Profit/(loss) for the financial period |  | 193,064 | (22,922)
Retained earnings brought forward |  | 606,949 | 629,871
Retained earnings carried forward |  | 800,013 | 606,949

iDelta Limited

Statement of Financial Position as at 31 December 2025

| Note | 31 December 2025 £ | 31 March 2025 £
Fixed assets |  |  |
Tangible assets | 10 | 73,816 | 76,081
Current assets |  |  |
Debtors | 11 | 107,848 | 76,957
Cash at bank and in hand |  | 855,328 | 693,980
|  | 963,176 | 770,937
Creditors: Amounts falling due within one year | 13 | (218,023) | (162,196)
Net current assets |  | 745,153 | 608,741
Total assets less current liabilities |  | 818,969 | 684,822
Creditors: Amounts falling due after more than one year | 13 | - | (58,917)
Provisions for liabilities | 14 | (18,896) | (18,896)
Net assets |  | 800,073 | 607,009
Capital and reserves |  |  |
Called up share capital |  | 36 | 36
Capital redemption reserve |  | 24 | 24
Retained earnings |  | 800,013 | 606,949
Shareholders' funds |  | 800,073 | 607,009

Approved and authorised by the Board on 4 June 2026 and signed on its behalf by:

......................................................................

O Slamenkaite

Director

Company registration number: SC219000

iDelta Limited

Notes to the Financial Statements for the Period from 1 April 2025 to 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 3, Third Floor, H1, Hill of Rubislaw
Aberdeen
Scotland
AB15 6BY
United Kingdom

The principal activity of the company is that of the provision of information technology consultancy services.

2 | Accounting policies

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Summary of disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Sword Group SE, which can be obtained from sword-group.com/investors. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
(c) No disclosure has been given for the aggregate remuneration of key management personnel..

Group accounts not prepared

The entity has taken advantage of the exemption from preparing consolidated financial statements contained in Section 401 of the Companies Act 2006 and its financial statements are consolidated into the financial statements of Sword Group SE, which can be obtained from sword-group.com/investors..

Disclosure of long or short period

These financial statements relate to the 9 month period from 1 April 2025 to 31 December 2025. The comparative figures relate to the 10 month period from 1 April 2024 to 31 March 2025.

iDelta Limited

Notes to the Financial Statements for the Period from 1 April 2025 to 31 December 2025

Going concern

As at 31 December 2025 the company had net assets of £800,073 and cash balances of £855,328.
In spite of the continued challenges raised by external economic conditions, the performance of the assets under management by the business continues to remain robust. The actions we put in place to ensure we protected the welfare of our staff as well as the financial performance of the business have been successful, and the organisation has performed strongly. Although there is clearly still uncertainty in relation to the global economy we have adapted well and we feel confident and well placed to ensure the long term health of the business irrespective of what the future holds.
As such, having made enquiries, the directors have a reasonable expectation that the company has adequate resources to continue operating for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Judgements and key sources of estimation uncertainties

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. Key assumptions and other estimation uncertainty may have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Judgements and estimates that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

Revenue recognition

Turnover represents the fair value of consideration received and receivable in respect of sales of software, and professional consultancy services for that software provided to third parties in the normal course of business, net of discounts and Value Added Tax.
The company recognises revenue when the amount can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria has been met for each of the company's activities.
Revenues from support contracts and other periodically contracted services or products are recognised on a pro-rata basis over the term of the contract. Amounts invoiced but not recognised are accounted for within deferred income.
Revenues from consultancy services are recognised as services are performed, on a time and materials basis.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

iDelta Limited

Notes to the Financial Statements for the Period from 1 April 2025 to 31 December 2025

Tax

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

iDelta Limited

Notes to the Financial Statements for the Period from 1 April 2025 to 31 December 2025

Finance leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Statement of Financial Position as a finance lease obligation.
Lease payments are apportioned between finance costs in the Income Statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Assets held under hire purchase contracts are capitalised at the lesser of fair value or present value of minimum lease payments in the statement of financial position. The present value of the minimum lease payments is calculated using the interest rate implicit in the lease. A corresponding liability is recognised at the same value in the statement of financial position. The asset is then depreciated over its useful life.
The minimum lease payments are apportioned between the finance charge recognised in the income statement and the reduction of the outstanding liability using the effective interest method. The finance charge in each period is allocated so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

iDelta Limited

Notes to the Financial Statements for the Period from 1 April 2025 to 31 December 2025

Financial instruments
Objectives and policies
The company's principal financial instruments comprise bank balances, bank overdrafts, trade and other creditors, trade debtors, loan and hire purchase agreements. The main purpose of these instruments is to raise funds for and finance the company's operations.
Price risk, credit risk, liquidity risk and cash flow risk
Due to the nature of the financial instruments used by the company there is no exposure to price risk. The group's approach to managing other risks applicable to the financial instruments concerned is shown below.
In respect of the bank balances the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of overdrafts at floating rates of interest. The company has loan facilities which are continually monitored, with the compliance with all relevant covenants prioritised.
In respect of other loans these are from financial institutions. The interest rates are tied to LIBOR and the group manages the liquidity risk by ensuring there are sufficient funds to meet the payments.
The group has entered into a significant number of hire purchase agreements. This liquidity risk in respect of these is managed in the same way as loans.
Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet amounts falling due.

3 | Turnover

The analysis of the company's Turnover for the period from continuing operations is as follows:

| 9 months to 31 December 2025 £ | 10 months to 31 March 2025 £
Sale of goods | 518,342 | 454,509

4 | Operating profit/(loss)

Arrived at after charging/(crediting)

| 9 months to 31 December 2025 £ | 10 months to 31 March 2025 £
Depreciation expense | 3,617 | 17,503
Foreign exchange losses | 2,578 | 3,963

5 | Other interest receivable and similar income

| 9 months to 31 December 2025 £ | 10 months to 31 March 2025 £
Interest income on bank deposits | 2,067 | 3,049
Other finance income | 1,340 | -
| 3,407 | 3,049

iDelta Limited

Notes to the Financial Statements for the Period from 1 April 2025 to 31 December 2025

6 | Interest payable and similar expenses

| 9 months to 31 December 2025 £ | 10 months to 31 March 2025 £
Interest on obligations under finance leases and hire purchase contracts | 5,480 | 6,080

7 | Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

| 9 months to 31 December 2025 £ | 10 months to 31 March 2025 £
Wages and salaries | 262,807 | 260,017

The average number of persons employed by the company (including directors) during the period, analysed by category was as follows:

| 9 months to 31 December 2025 No. | 10 months to 31 March 2025 No.
Administration and support | 5 | 7
| 5 | 7

8 | Auditor's remuneration

| 9 months to 31 December 2025 £ | 10 months to 31 March 2025 £
Audit of the financial statements | 20,000 | -
Other fees to auditors |  |
Taxation compliance services | 2,750 | -
Half year review engagement services | 9,750 | -
| 12,500 | -

iDelta Limited

Notes to the Financial Statements for the Period from 1 April 2025 to 31 December 2025

9 | Taxation

Tax charged/(credited) in the income statement

| 9 months to 31 December 2025 £ | 10 months to 31 March 2025 £
Current taxation |  |
UK corporation tax | 64,355 | 11,143
Deferred taxation |  |
Arising from origination and reversal of timing differences | - | (3,389)
Tax expense in the income statement | 64,355 | 7,754

The tax on profit before tax for the period is the same as the standard rate of corporation tax in the UK (2025 - the same as the standard rate of corporation tax in the UK) of 25% (2025 - 25%).
The differences are reconciled below:

| 9 months to 31 December 2025 £ | 10 months to 31 March 2025 £
Profit/(loss) before tax | 257,419 | (15,168)
Corporation tax at standard rate | 64,355 | (3,792)
Tax increase from effect of capital allowances and depreciation | 442 | 3,459
Effect of revenues exempt from taxation | - | (2,299)
Effect of expense not deductible in determining taxable profit (tax loss) | (11,423) | 13,775
Deferred tax expense/(credit) from unrecognised tax loss or credit | 10,981 | (3,389)
Total tax charge | 64,355 | 7,754

Deferred tax

The deferred tax balance as at 31 December 2025 was £18,896 (2025 - £18,896)

iDelta Limited

Notes to the Financial Statements for the Period from 1 April 2025 to 31 December 2025

10 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
At 1 April 2025 | 252,103 | 252,103
Additions | 1,352 | 1,352
At 31 December 2025 | 253,455 | 253,455
Depreciation
At 1 April 2025 | 176,022 | 176,022
Charge for the period | 3,617 | 3,617
At 31 December 2025 | 179,639 | 179,639
Carrying amount
At 31 December 2025 | 73,816 | 73,816
At 31 March 2025 | 76,081 | 76,081

11 | Debtors

| 31 December 2025 £ | 31 March 2025 £
Trade debtors | 75,148 | 67,833
Other debtors | - | 1,509
Prepayments | 3,583 | 7,615
Accrued income | 29,117 | -
| 107,848 | 76,957

12 | Cash and cash equivalents

| 31 December 2025 £ | 31 March 2025 £
Cash at bank | 855,328 | 693,980

iDelta Limited

Notes to the Financial Statements for the Period from 1 April 2025 to 31 December 2025

13 | Creditors

| Note | 31 December 2025 £ | 31 March 2025 £
Due within one year |  |  |
Loans and borrowings | 16 | 60,654 | 6,936
Trade creditors |  | - | 1,197
Social security and other taxes |  | 47,120 | 25,061
Other payables |  | 238 | 285
Accruals |  | 34,578 | 117,639
Corporation tax liability | 9 | 75,433 | 11,078
|  | 218,023 | 162,196
Due after one year |  |  |
Loans and borrowings | 16 | - | 58,917

14 | Provisions for liabilities

| Deferred tax £ | Total £
At 1 April 2025 | 18,896 | 18,896
At 31 December 2025 | 18,896 | 18,896

15 | Share capital

Allotted, called up and fully paid shares

| 31 December 2025 | 31 March 2025
| No. | £ | No. | £
Ordinary shares of £1 each | 36 | 36 | 36 | 36

iDelta Limited

Notes to the Financial Statements for the Period from 1 April 2025 to 31 December 2025

16 | Loans and borrowings

Non-current loans and borrowings

| 31 December 2025 £ | 31 March 2025 £
Finance lease liabilities | - | 58,917

Current loans and borrowings

| 31 December 2025 £ | 31 March 2025 £
Finance lease liabilities | 60,654 | 6,936

17 | Related party transactions

Amounts due to and from group undertakings at 31 December 2025 are aggregated as permitted by FRS 102 and shown separately in debtors and creditors.
In accordance with FRS 102 paragraph 33.1A, exemption is taken not to disclose transactions in the year between wholly owned group undertakings.

18 | Parent and ultimate parent undertaking

The company's immediate parent is Sword Charteris Limited, incorporated in England and Wales.
Ultimate control vests with Sword Group SE. Sword Group SE produces financial statements available for public use.
Sword Group SE, whose registered office is situated at Route d'Arlon 2-4, L-8399 Windhof, Luxembourg, is the parent of the largest and smallest group preparing consolidated financial statements incorporating the results of the company.