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Company Registration No. 12682252 (England and Wales)
VIDIIA LTD
Financial Statements
for the Period from 01 May 2025 to 30 April 2026

VIDIIA LTD

Financial Statements for the period ending 30 April 2026

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
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VIDIIA LTD

Financial Statements for the period ending 30 April 2026

Company Information

Company Details
Company Number 12682252
Registered Office FUTURE SPACE
FILTON ROAD
BRISTOL
BS34 8RB
Directors
Directors who held office during the period were:
David Paul RIMER   
Mark Stephen BULLEN Resigned   18/09/2025
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VIDIIA LTD

Financial Statements for the period ending 30 April 2026

Statement of Financial Position

12345678910111213
Notes 2026 2025
£ £
Fixed Assets
Tangible assets 5 4,770 5,882
Current Assets
Stocks 3,050 3,811
Debtors due 151,859 90,407
Cash at bank and in hand 10,399 117,210
165,308 211,428
Creditors
Amount falling due within one year (93,087) (73,637)
Net Current Assets 72,221 137,791
Total Assets less current liabilities 76,991 143,673
Creditors due after more than one year (154,037) (200,770)
Net Assets (77,046) (57,097)
Capital and Reserves
Called up Share Capital 38 33
Share Premium Account 1,143,908 904,973
Retained earnings at end of year (1,220,992) (962,103)
Shareholder funds (77,046) (57,097)
For the year ending 30/04/2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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.
Approved by the Board on 03 June 2026
D P Rimer
Company Registration No. 12682252
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VIDIIA LTD

Financial Statements for the period ending 30 April 2026

Notes to the Accounts

1. Statutory Information
VIDIIA LTD is a private company, limited by shares, registered in England and Wales, registration number 12682252.
2. Accounting Policies
Basis of preparing the Financial Statements
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from research and development services and collaborative research provided under commercial contracts with industrial partners is recognised as the related services are delivered to the customer, by reference to contractual milestones or, where appropriate, the stage of completion of the underlying work.
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VIDIIA LTD

Financial Statements for the period ending 30 April 2026

Notes to the Accounts

Current Tax
The tax expense represents the sum of tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year, calculated using tax rates enacted or substantively enacted by the reporting end date. Research and development tax credits are recognised on an accruals basis where it is probable that future economic benefits will flow to the entity. The current year credit reflects management's estimate of the expected payable credit under the Enhanced R&D Intensive Support (ERIS) regime for the year, pending finalisation of the formal claim.Reconciliation of the tax credit to the standard 25% corporation tax rate on the loss for the year: Loss before taxation £(338,498) (2025: £(419,960)); expected credit at 25% £(84,625) (2025: £(104,990)); non-deductible expenses £1,200 (2025: £2,310); unutilised losses carried forward £28,951 (2025: £36,494); permanent capital allowances in excess of depreciation £(200) (2025: £(219)); ERIS R&D credit £(25,326) (2025: £(5,234)); total credit £(80,000) (2025: £(71,639)).The credit is provisional pending finalisation of the formal claim and submission of the Additional Information Form. Trading losses brought forward from prior periods of £213,217 remain available for carry forward.
Tangible Fixed Asset Policy
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings 15% reducing balance; Computers 20% reducing balance. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
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VIDIIA LTD

Financial Statements for the period ending 30 April 2026

Notes to the Accounts

Stock
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss.
Deferred Tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. As at the reporting date, the company has unrecognised deferred tax assets in respect of accumulated trading losses carried forward. No deferred tax asset has been recognised on the balance sheet because, given the company's loss-making position and the inherent uncertainty over the timing of future taxable profits, the directors do not consider recovery to be probable in the near term.
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VIDIIA LTD

Financial Statements for the period ending 30 April 2026

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2026 4
2025 5
4. Principal Activity
The company's principal activity during the year was the research, development and commercialisation of artificial intelligence-driven point-of-care molecular diagnostic devices, including the VH-6 platform and associated LAMP-based assays.
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VIDIIA LTD

Financial Statements for the period ending 30 April 2026

Notes to the Accounts

5. Fixed Assets
Plant and Machinery Total
Cost or valuation £ £
At 01/05/2025 9,338 9,338
Additions - -
At 30/04/2026 9,338 9,338
Depreciation
At 01/05/2025 3,456 3,456
Charge for the year 1,112 1,112
At 30/04/2026 4,568 4,568
Net Book Value
At 30/04/2026 4,770 4,770
At 30/04/2025 5,882 5,882
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