ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

Company registration number: 07556994

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 31 DECEMBER 2025

	CYBERIS REPLY LIMITED


CYBERIS REPLY LIMITED

COMPANY INFORMATION

Directors	G L Moore
	J S Hill (appointed 31 January 2026)
	M Cusinato (appointed 31 January 2026)


Registered number	07556994


Registered office	Reply House
	36 Grosvenor Gardens
	London
	SW1W 0EB


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor Origin One
	108 High Street
	Crawley
	West Sussex
	RH10 1BD


CYBERIS REPLY LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 7


CYBERIS REPLY LIMITED REGISTERED NUMBER:07556994

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

	31 December	31 March
	2025	2025
Note	£	£

Fixed assets
Tangible assets	4		5,938		3,222
			5,938		3,222
Current assets
Debtors: amounts falling due within one year	5	1,234,332		798,825
Cash at bank and in hand		819,496		1,400,998
		2,053,828		2,199,823
Creditors: amounts falling due within one year	6	(931,667)		(1,028,689)
Net current assets			1,122,161		1,171,134
Total assets less current liabilities			1,128,099		1,174,356

Net assets			1,128,099		1,174,356

Page 1


CYBERIS REPLY LIMITED REGISTERED NUMBER:07556994

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

		31 December		31 March
		2025		2025
		£		£

Capital and reserves
Allotted, called up and fully paid share capital	6	6
Share option reserve	19,565	15,216
Profit and loss account	1,108,528	1,159,134
	1,128,099	1,174,356

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

G L Moore

Director

Date: 10 June 2026

The notes on pages 3 to 7 form part of these financial statements.

Page 2


CYBERIS REPLY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

1.	General information

Cyberis Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office, which is also the trading address, is given in the company information page of there financial statements.

The Company's accounting reference date was shortened from 31 March 2026 to 31 December 2025 due to the subsequent sale of the Company after the reporting date. Therefore the prior year figures are not directly comparable.

The company changed its name from Cyberis Limited to Cyberis Reply Limited on 3 March 2026.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the Company obtains the right to consideration.

2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.4

Current and deferred taxation

The tax expense for the period 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 reporting date 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 reporting 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.

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CYBERIS REPLY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Current and deferred taxation (continued)

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 reporting date.

2.5

Share options

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.

The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).

Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.

Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using both the reducing balance basis, and the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements	-	in accordance with the property
Plant and machinery	-	25% on reducing balance
Fixtures and fittings	-	25% on reducing balance
Computer equipment	-	33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4


CYBERIS REPLY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

Employees

The average monthly number of employees, including directors, during the period was 42 (year ended 31 March 2025 - 37).

4.	Tangible fixed assets

	Improvements to property	Plant and machinery	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 April 2025	4,450	1,890	25,014	15,553	46,907
Additions	-	-	5,324	1,980	7,304
Disposals	-	-	(25,014)	-	(25,014)
At 31 December 2025	4,450	1,890	5,324	17,533	29,197
Depreciation
At 1 April 2025	4,450	1,643	23,218	14,374	43,685
Charges for the period	-	46	2,794	1,748	4,588
Disposals	-	-	(25,014)	-	(25,014)
At 31 December 2025	4,450	1,689	998	16,122	23,259
Net book value
At 31 December 2025	-	201	4,326	1,411	5,938
At 31 March 2025	-	247	1,796	1,179	3,222

Debtors

					31 December	31 March
					2025	2025
					£	£


Trade debtors	722,840	573,765
Other debtors	212,884	-
Prepayments and accrued income	223,531	136,218
Amounts recoverable on long term contracts	68,115	82,425
Deferred taxation	6,962	6,417
	1,234,332	798,825

Page 5


CYBERIS REPLY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

Bank loans	16,769	15,648
Trade creditors	15,371	83,108
Corporation tax	74,254	255,475
Other taxation and social security	323,602	309,869
Other creditors	29,303	27,815
Accruals and deferred income	472,368	336,774
	931,667	1,028,689

Not later than 1 year	33,500	33,500
Later than 1 year and not later than 5 years	101,989	127,114
	135,489	160,614

8.	Share-based payment transactions

On 7 February 2020 the Company issued 62 options under the Cyberis Limited EMI Share Option Plan. None were forfeited, exercised or expired in the period. An earnings based valuation was undertaken by a professional firm and agreed with HM Revenue and Customs. An expense of £3,817 was recognised in the profit and loss account for the period to 31 December 2025, this includes an adjustment to prior years provisions of £1,939, and a current period charge for 9 months of £1,878 (31 March 2025: £2,181) in respect of these, and a carrying amount of £16,903 (31 March 2025: £13,086) is shown in reserves at the end of the period.

On 31 March 2023 the Company issued 26 options under the Cyberis Limited EMI Share Option Plan. None were forfeited, exercised or expired in the period. An earnings based valuation was undertaken by a professional firm and agreed with HM Revenue and Customs. An expense of £532 was recognised in the profit and loss account for the period to 31 December 2025 (31 March 2025: £710) in respect of these, and a carrying amount of £2,662 (31 March 2025: £2,130) is shown in reserves at the end of the period.

Page 6


CYBERIS REPLY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

9.	Directors' advances, credits and guarantees
		31 December	31 March
		2025	2025
		£	£

Outstanding at the start of the period/year	(1,549)	(1,421)
Amounts advanced	481,776	505,986
Amounts repaid	(267,342)	(506,114)
Outstanding at the period/year end	212,885	(1,549)

No interest has been charged on these loans (31 March 2025: £Nil). The loans were fully repaid within 1 month of the period end.

10.	Post balance sheet events

Subsequent to the reporting date, the Company was sold on 31 January 2026, resulting in a change of ultimate ownership. As the transaction occurred after the reporting date, no adjustments have been made to the amounts recognised in these financial statements. The directors consider this to be a non-adjusting post balance sheet event.

Page 7