REGISTERED NUMBER: 13785045 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

KEEPIT TECHNOLOGIES UK, LTD

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Director:

Mr M Felsvang

Secretary:

Bird & Bird Company Secretaries Limited

Registered office:

8 Devonshire Square

London

EC2M 4YJ

Registered number:

13785045 (England and Wales)

Auditors:

Gravita Audit Western Limited

Keble House

Southernhay Gardens

Exeter

Devon

EX1 1NT

FIXED ASSETS

Tangible assets

4

24,767

1,753

CURRENT ASSETS

Debtors

5

428,118

221,459

Cash at bank

302,628

113,406

730,746

334,865

CREDITORS

Amounts falling due within one year

6

(510,044

)

(286,115

)

NET CURRENT ASSETS

220,702

48,750

TOTAL ASSETS LESS CURRENT LIABILITIES

245,469

50,503

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

245,468

50,502

245,469

50,503

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 June 2026 and were signed by:

Mr M Felsvang - Director

1.	STATUTORY INFORMATION

Keepit Technologies UK, Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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.

Related party exemption

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

Critical accounting judgements and key sources of estimation uncertainty

The financial statements include significant accounting estimates as follows:

Accruals and prepayments have been recognised based on information available at the time the financial statements were approved.

Turnover

Turnover represents amounts charged to the company's parent under an agreement for sales and support services, excluding value added tax. Turnover is recognised when chargeable costs are incurred.

Tangible fixed assets

Tangible assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

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

Computer equipment - straight line over 6 years

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern

The accounts are prepared on the going concern basis. At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue its operational existence for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 October 2024

1,778

Additions

27,315

Disposals

(1,778

)

At 30 September 2025

27,315

Depreciation

At 1 October 2024

25

Charge for year

2,548

Eliminated on disposal

(25

)

At 30 September 2025

2,548

Net book value

At 30 September 2025

24,767

At 30 September 2024

1,753

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

14,219

102,800

Other debtors

413,899

118,659

428,118

221,459

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

137,291

86,835

Taxation and social security

170,689

42,040

Other creditors

202,064

157,240

510,044

286,115

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

77,000

86,955

Between one and five years

180,000

-

257,000

86,955

8.	SECURED DEBTS

The company has four debentures which have both fixed and floating charges over the company's assets, as security for debt financing.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Jade Quaintance BA FCA (Senior Statutory Auditor)

for and on behalf of Gravita Audit Western Limited

10.	RELATED PARTY DISCLOSURES

During the year the company purchased services amounting to £4,242 (2024: £5,583) from Bird & Bird Company Secretaries Limited, the company's secretary.

11.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Keepit A/S, a company registered in Denmark. Keepit A/S are the largest and smallest undertaking to prepare consolidated financial statements which include the results of the company. The consolidated accounts are available to the public via the Danish Business Authority website.

The ultimate controlling party is Morten Felsvang.