Company registration number SC419975 (Scotland)
FLINTSTONE TECHNOLOGY LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
FLINTSTONE TECHNOLOGY LIMITED
COMPANY INFORMATION
Directors
B Cluydts
R Rentmeesters
E Jagers
(Appointed 24 April 2025)
Company number
SC419975
Registered office
Constable Works, Fowler Road
West Pitkerro Industrial Estate, Broughty Ferry
Dundee
Scotland
DD5 3RU
Auditor
bk plus Audit Limited
Stannergate House
41 Dundee Road West
Broughty Ferry
Dundee
DD5 1NB
FLINTSTONE TECHNOLOGY LIMITED
CONTENTS
Page
Directors' report
1
Directors' responsibilities statement
2
Independent auditor's report
3 - 5
Profit and loss account
6
Statement of comprehensive income
7
Balance sheet
8
Statement of changes in equity
9
Statement of cash flows
10
Notes to the financial statements
11 - 20
FLINTSTONE TECHNOLOGY LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The directors present their annual report and financial statements for the year ended 31 December 2025.

Principal activities

The principal activity of the company continued to be the development and supply of subsea systems.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

D Boffe
(Resigned 24 April 2025)
B Cluydts
R Rentmeesters
E Jagers
(Appointed 24 April 2025)
Auditor

bk plus Audit Limited were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
E Jagers
Director
15 June 2026
FLINTSTONE TECHNOLOGY LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -

The directors are responsible 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 then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; 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.

FLINTSTONE TECHNOLOGY LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF FLINTSTONE TECHNOLOGY LIMITED
- 3 -
Opinion

We have audited the financial statements of Flintstone Technology Limited (the 'company') for the year ended 31 December 2025 which comprise the profit and loss account, the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including 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 year 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the directors' r eport for the financial year 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.

FLINTSTONE TECHNOLOGY LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF FLINTSTONE TECHNOLOGY LIMITED (CONTINUED)
- 4 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the directors' r eport. We have nothing to report in respect of the following matters in relation to which 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 prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the directors' report and from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, 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.

In identifying and assessing the risk of material misstatement due to non-compliance with laws and regulations we have carried out the following:

- Ensured that the engagement team have the appropriate competence, capabilities and skills to identify or recognise non-compliance with laws and regulations;

- Identified the specific laws and regulations applicable to the entity through discussions with directors and management and through our own knowledge of the sector;

- Focused on the laws and regulations we consider may have a direct effect on the financial statements, including FRS 102, the Companies Act 2006, Health and Safety and tax compliance legislation;

- Reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations;

- Made enquiries of management;

- Reviewed minutes of meetings of those charged with governance; and

- Ensured the engagement team remained alert to instances of non-compliance throughout the audit.

FLINTSTONE TECHNOLOGY LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF FLINTSTONE TECHNOLOGY LIMITED (CONTINUED)
- 5 -

In identifying and assessing the risk of material misstatement due to irregularities, including fraud and how it may occur, the potential for management bias and the override of controls we have:

- Obtained an understanding of the entity's operations, including the nature of its sources of revenue and of to understand the types of transactions, account balances, financial disclosures and business risks that may result in risk of material misstatement;

- Vouched balances and reconciling items in key control account reconciliations to supporting documentation;

- Carried out detailed testing, on a sample basis, to verify the completeness, existence and accuracy of transactions and balances;

- Made enquiries of management as to where they consider there was a susceptibility to fraud, and their knowledge of any actual, suspected or alleged fraud;

- Performed analytical procedures to identify any significant or unusual transactions;

- Investigated the business rationale behind any significant or unusual transactions

We did not identify any matters relating to non-compliance with laws and regulations, or relating to fraud.

Because of the inherent limitations of an audit, there is an unavoidable risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk of not detecting a material misstatement due to fraud is inherently more difficult than detecting those that result from error as fraud may involve intentional concealment, forgery, collusion, omission or misrepresentation. In addition, the further removed any non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's 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's members as a body, for our audit work, for this report, or for the opinions we have formed.

Karen Henderson C.A. (Senior Statutory Auditor)
For and on behalf of bk plus Audit Limited, Statutory Auditor
Chartered Certified Accountants
Stannergate House
41 Dundee Road West
Broughty Ferry
Dundee
DD5 1NB
17 June 2026
FLINTSTONE TECHNOLOGY LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
2025
2024
Notes
£
£
Turnover
3
12,121,755
9,887,097
Cost of sales
(7,782,932)
(6,467,916)
Gross profit
4,338,823
3,419,181
Administrative expenses
(1,212,978)
(842,641)
Other operating income
-
0
6,001
Operating profit
4
3,125,845
2,582,541
Interest receivable and similar income
6
-
0
1,688
Interest payable and similar expenses
7
(53,482)
(67,265)
Profit before taxation
3,072,363
2,516,964
Tax on profit
8
(537,565)
(629,363)
Profit for the financial year
2,534,798
1,887,601

The profit and loss account has been prepared on the basis that all operations are continuing operations.

The notes on pages 11 to 20 form part of these financial statements.

FLINTSTONE TECHNOLOGY LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
2025
2024
£
£
Profit for the year
2,534,798
1,887,601
Other comprehensive income
-
-
Total comprehensive income for the year
2,534,798
1,887,601

The notes on pages 11 to 20 form part of these financial statements.

FLINTSTONE TECHNOLOGY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 8 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
9
483,714
477,484
Tangible assets
10
54,439
110,349
538,153
587,833
Current assets
Debtors
11
3,797,363
6,067,657
Cash at bank and in hand
5,625,840
664,521
9,423,203
6,732,178
Creditors: amounts falling due within one year
12
(3,933,149)
(3,033,809)
Net current assets
5,490,054
3,698,369
Total assets less current liabilities
6,028,207
4,286,202
Creditors: amounts falling due after more than one year
13
-
0
(806,633)
Provisions for liabilities
Deferred tax liability
15
13,840
-
0
(13,840)
-
Net assets
6,014,367
3,479,569
Capital and reserves
Called up share capital
17
146
146
Share premium account
846,454
846,454
Profit and loss reserves
5,167,767
2,632,969
Total equity
6,014,367
3,479,569

The notes on pages 11 to 20 form part of these financial statements.

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

The financial statements were approved by the board of directors and authorised for issue on 15 June 2026 and are signed on its behalf by:
E Jagers
Director
Company registration number SC419975 (Scotland)
FLINTSTONE TECHNOLOGY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
Share capital
Share premium account
Profit and loss reserves
Total
£
£
£
£
Balance at 1 January 2024
146
846,454
745,368
1,591,968
Year ended 31 December 2024:
Profit and total comprehensive income
-
-
1,887,601
1,887,601
Balance at 31 December 2024
146
846,454
2,632,969
3,479,569
Year ended 31 December 2025:
Profit and total comprehensive income
-
-
2,534,798
2,534,798
Balance at 31 December 2025
146
846,454
5,167,767
6,014,367

The notes on pages 11 to 20 form part of these financial statements.

FLINTSTONE TECHNOLOGY LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 10 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
21
5,945,264
878,483
Interest paid
(53,482)
(67,265)
Income taxes refunded/(paid)
6,001
(333)
Net cash inflow from operating activities
5,897,783
810,885
Investing activities
Purchase of intangible assets
(107,597)
(107,642)
Purchase of tangible fixed assets
(22,234)
(64,284)
Interest received
-
0
1,688
Net cash used in investing activities
(129,831)
(170,238)
Financing activities
Repayment of borrowings
(806,633)
1,006
Net cash (used in)/generated from financing activities
(806,633)
1,006
Net increase in cash and cash equivalents
4,961,319
641,653
Cash and cash equivalents at beginning of year
664,521
22,868
Cash and cash equivalents at end of year
5,625,840
664,521

The notes on pages 11 to 20 form part of these financial statements.

FLINTSTONE TECHNOLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 11 -
1
Accounting policies
Company information

Flintstone Technology Limited is a private company limited by shares incorporated in Scotland. The registered office is Constable Works, Fowler Road, West Pitkerro Industrial Estate, Broughty Ferry, Dundee, Scotland, DD5 3RU.

1.1
Basis of preparation

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown new of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and nominal amount received is recognised as interest income.

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 contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that is probable will be recover ed.

1.4
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred.

1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation 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:

Patents & licences
evenly over estimated useful life of 10 years
FLINTSTONE TECHNOLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 12 -
1.6
Tangible fixed assets

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:

Plant and equipment
33.3% straight line
Computers
20% straight line
Office Equipment
20% straight line

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.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

FLINTSTONE TECHNOLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 13 -
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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

FLINTSTONE TECHNOLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 14 -
3
Turnover
2025
2024
£
£
Turnover analysed by class of business
Sales (including design/studies/testing)
12,121,755
9,887,097
2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
13,450
636,439
Rest of World
12,108,305
9,250,658
12,121,755
9,887,097
4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Exchange losses/(gains)
206,772
(7,805)
Research and development costs
15,130
-
Fees payable to the company's auditor for the audit of the company's financial statements
5,775
5,250
Depreciation of owned tangible fixed assets
78,144
88,357
Amortisation of intangible assets
101,367
82,743
Cost of stocks recognised as an expense
6,903,534
5,718,188
Operating lease charges
120,226
115,899
5
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
15
14

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
959,460
820,607
Social security costs
114,576
92,379
Pension costs
41,236
34,504
1,115,272
947,490
FLINTSTONE TECHNOLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 15 -
6
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
-
0
1,688
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
-
0
1,688
7
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost
Interest payable to group undertakings
53,482
67,265
8
Taxation
2025
2024
£
£
Deferred tax
Origination and reversal of timing differences
534,476
629,363
Adjustment in respect of prior periods
3,089
-
0
Total deferred tax
537,565
629,363

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
3,072,363
2,516,964
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
768,091
629,241
Tax effect of utilisation of tax losses
-
0
(628,140)
Group relief
(231,837)
-
0
Deferred tax movement - losses
-
0
637,374
Deferred tax - capital allowances movement
1,311
(9,112)
Taxation charge for the year
537,565
629,363

There was unused tax losses of £nil at 31 December 2025 (2024 - £2,193,361).

FLINTSTONE TECHNOLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 16 -
9
Intangible fixed assets
Patents & licences
£
Cost
At 1 January 2025
1,019,734
Additions
107,597
At 31 December 2025
1,127,331
Amortisation and impairment
At 1 January 2025
542,250
Amortisation charged for the year
101,367
At 31 December 2025
643,617
Carrying amount
At 31 December 2025
483,714
At 31 December 2024
477,484
10
Tangible fixed assets
Plant and equipment
Computers
Office Equipment
Total
£
£
£
£
Cost
At 1 January 2025
1,497,638
80,117
20,607
1,598,362
Additions
22,234
-
0
-
0
22,234
At 31 December 2025
1,519,872
80,117
20,607
1,620,596
Depreciation and impairment
At 1 January 2025
1,389,742
77,664
20,607
1,488,013
Depreciation charged in the year
77,530
614
-
0
78,144
At 31 December 2025
1,467,272
78,278
20,607
1,566,157
Carrying amount
At 31 December 2025
52,600
1,839
-
0
54,439
At 31 December 2024
107,896
2,453
-
0
110,349
FLINTSTONE TECHNOLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 17 -
11
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,271,768
2,836,792
Gross amounts owed by contract customers
335,581
2,521,563
Corporation tax recoverable
-
0
6,001
Other debtors
125,793
88,945
Prepayments and accrued income
64,221
90,631
3,797,363
5,543,932
Deferred tax asset (note 15)
-
0
523,725
3,797,363
6,067,657
12
Creditors: amounts falling due within one year
2025
2024
£
£
Payments received on account
3,542,184
-
0
Trade creditors
344,436
2,984,395
Taxation and social security
33,154
31,599
Other creditors
-
0
5,885
Accruals and deferred income
13,375
11,930
3,933,149
3,033,809
13
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Loans from group undertakings
14
-
0
806,633
14
Loans and overdrafts
2025
2024
£
£
Loans from group undertakings
-
0
806,633
Payable after one year
-
0
806,633
FLINTSTONE TECHNOLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 18 -
15
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
Assets
Assets
2025
2024
2025
2024
Balances:
£
£
£
£
Accelerated capital allowances
13,840
-
-
(24,615)
Tax losses
-
-
-
548,340
13,840
-
-
523,725
2025
Movements in the year:
£
Asset at 1 January 2025
(523,725)
Charge to profit or loss
537,565
Liability at 31 December 2025
13,840
16
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
41,236
34,504

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

17
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of 0.1p each
146,000
146,000
146
146
18
Operating lease commitments
FLINTSTONE TECHNOLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
18
Operating lease commitments
(Continued)
- 19 -

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within 1 year
132,416
119,031
Years 2-5
371,973
347,526
After 5 years
69,735
-
0
574,124
466,557
19
Related party transactions
Transactions with related parties

At the year end Bridon International Limited owns 75.33% (2024 - 75.33%) of the ordinary share capital of Flintstone Technology Limited.

During the year the company invoiced £nil (2024 - £7,000) to Bridon International Limited in relation to sales. During the year the company incurred costs of £94,725 (2024 - £nil) from group companies in relation to recharged expenses. During the year there was £53,482 (2024 - £67,265) interest paid to group companies.

At the year end there was £32,322 due to group companies (2024 - £806,633). All transactions were undertaken and balances are due under normal commercial terms.
The company’s bank facilities are supported by a guarantee provided by its ultimate holding company. No liability has been recognised in respect of this guarantee, as the directors consider the likelihood of the guarantee being called to be remote.

20
Ultimate controlling party

The ultimate controlling party at the year end date was NV Bekaert SA, a company incorporated in Belgium, whose registered office is Bekaertstraat 2, 8550 Zwevegem, Belgium.

FLINTSTONE TECHNOLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 20 -
21
Cash generated from operations
2025
2024
£
£
Profit after taxation
2,534,798
1,887,601
Adjustments for:
Taxation charged
537,565
629,363
Finance costs
53,482
67,265
Investment income
-
0
(1,688)
Amortisation and impairment of intangible assets
101,367
82,743
Depreciation and impairment of tangible fixed assets
78,144
88,357
Movements in working capital:
Decrease/(increase) in debtors
1,740,568
(4,800,846)
Increase in creditors
899,340
2,925,688
Cash generated from operations
5,945,264
878,483
22
Analysis of changes in net funds/(debt)
1 January 2025
Cash flows
31 December 2025
£
£
£
Cash at bank and in hand
664,521
4,961,319
5,625,840
Borrowings excluding overdrafts
(806,633)
806,633
-
(142,112)
5,767,952
5,625,840
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