Vital Electronics Limited

	Page
Company Information	1
Accountants' Report	2
Statement of Financial Position	3—4
Notes to the Financial Statements	5—11

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Accountants' Report

For the Period 1 August 2024 to 31 December 2025

Accountants' Report

Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Vital Electronics Limited For the Period 1 August 2024 to 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Vital Electronics Limited For the Period 1 August 2024 to 31 December 2025 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Vital Electronics Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Vital Electronics Limited and state those matters that we have agreed to state to the directors of Vital Electronics Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vital Electronics Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Vital Electronics Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Vital Electronics Limited . You consider that Vital Electronics Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit of the accounts of Vital Electronics Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

10/07/2026

Sterling Accounting Solutions Ltd

Chartered Accountants

SAS House

Chipperfield Road

Kings Langley

Hertfordshire

WD4 9JB

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Vital Electronics Limited

Statement of Financial Position

As At 31 December 2025

Statement of Financial Position

Registered number: 13500938

		31 December 2025		31 July 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		19,297		22,749
Tangible Assets	5		126,676		226,042

			145,973		248,791
CURRENT ASSETS
Stocks	6	1,241,659		725,202
Debtors	7	3,572,595		1,671,517
Cash at bank and in hand		869,706		2,023,391

		5,683,960		4,420,110
Creditors: Amounts Falling Due Within One Year	8	(2,420,821 )		(976,869 )

NET CURRENT ASSETS (LIABILITIES)			3,263,139		3,443,241

TOTAL ASSETS LESS CURRENT LIABILITIES			3,409,112		3,692,032

PROVISIONS FOR LIABILITIES
Deferred Taxation			(23,778 )		(47,899 )

NET ASSETS			3,385,334		3,644,133

CAPITAL AND RESERVES
Called up share capital	10		100		100
Income Statement			3,385,234		3,644,033

SHAREHOLDERS' FUNDS			3,385,334		3,644,133

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Vital Electronics Limited

Statement of Financial Position (continued)

As At 31 December 2025

For the period ending 31 December 2025 the company was entitled to exemption from audit 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

S Balstone

Director

10/07/2026

The notes on pages 5 to 11 form part of these financial statements.

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Vital Electronics Limited

Notes to the Financial Statements

For the Period 1 August 2024 to 31 December 2025

Notes to the Financial Statements

1. General Information

Vital Electronics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13500938 . The registered office is Russell House, Icknield Way, Letchworth Garden City, Hertfordshire, SG6 1EL.

2. Accounting Policies

2.1. Basis of Preparation of 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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are leasehold property acquisition costs . They are amortised to income statement over the lease term of 10 years.

2.4. Research and Development

Development costs are website and domain costs. It is amortised to income statement over its estimated economic life of 10 years.

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Vital Electronics Limited

Notes to the Financial Statements (continued)

For the Period 1 August 2024 to 31 December 2025

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Building improvements	10 years straight line
Motor Vehicles	20% reducing balance
Fixtures & Fittings	20% straight line
Computer Equipment	33% straight line

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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Vital Electronics Limited

Notes to the Financial Statements (continued)

For the Period 1 August 2024 to 31 December 2025

2.8. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 20 (2024: 21)

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Vital Electronics Limited

Notes to the Financial Statements (continued)

For the Period 1 August 2024 to 31 December 2025

4. Intangible Assets

	Other	Development Costs	Total
	£	£	£
Cost
As at 1 August 2024	16,354	8,015	24,369

As at 31 December 2025	16,354	8,015	24,369

Amortisation
As at 1 August 2024	818	802	1,620
Provided during the period	2,317	1,135	3,452

As at 31 December 2025	3,135	1,937	5,072

Net Book Value
As at 31 December 2025	13,219	6,078	19,297

As at 1 August 2024	15,536	7,213	22,749

5. Tangible Assets

	Land & Property
	Building improvements	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 August 2024	57,966	30,750	183,586	28,350	300,652
Additions	-	10,500	5,745	5,035	21,280
Disposals	-	(17,500 )	(64,214 )	-	(81,714 )

As at 31 December 2025	57,966	23,750	125,117	33,385	240,218

Depreciation
As at 1 August 2024	2,925	10,306	47,822	13,557	74,610
Provided during the period	8,213	5,512	53,548	12,696	79,969
Disposals	-	(6,790 )	(34,247 )	-	(41,037 )

As at 31 December 2025	11,138	9,028	67,123	26,253	113,542

Net Book Value
As at 31 December 2025	46,828	14,722	57,994	7,132	126,676

As at 1 August 2024	55,041	20,444	135,764	14,793	226,042

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Vital Electronics Limited

Notes to the Financial Statements (continued)

For the Period 1 August 2024 to 31 December 2025

6. Stocks

	31 December 2025	31 July 2024
	£	£
Stock	1,241,659	725,202

7. Debtors

	31 December 2025	31 July 2024
	£	£
Due within one year
Trade debtors	1,884,357	550,471
Prepayments and accrued income	58,110	120,009
Other debtors	1,630,128	765,794
Directors' loan accounts	-	235,243

	3,572,595	1,671,517

8. Creditors: Amounts Falling Due Within One Year

	31 December 2025	31 July 2024
	£	£
Trade creditors	999,290	573,756
Corporation tax	107,485	20,716
Other taxes and social security	58,408	48,839
VAT	52,423	44,938
Other creditors	340,661	12,922
Accruals and deferred income	16,978	275,698
Directors' loan accounts	258	-
Amounts owed to group undertakings	845,318	-

	2,420,821	976,869

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Vital Electronics Limited

Notes to the Financial Statements (continued)

For the Period 1 August 2024 to 31 December 2025

9. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 August 2024	47,899	47,899
Deferred taxation	(24,121 )	(24,121 )

Balance at 31 December 2025	23,778	23,778

10. Share Capital

	31 December 2025	31 July 2024
Allotted, called up and fully paid	£	£
100,000 Ordinary Shares of £ 0.001 each	-	100
50,000 Ordinary A shares of £ 0.001 each	50	-
50,000 Ordinary B shares of £ 0.001 each	50	-

	100	100

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 December 2025	31 July 2024
	£	£
Not later than one year	120,000	120,000
Later than one year and not later than five years	240,000	360,000

	360,000	480,000

12. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £2,709 (2024: £2,466) were due to the fund. They are included in Other Creditors.

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Vital Electronics Limited

Notes to the Financial Statements (continued)

For the Period 1 August 2024 to 31 December 2025

13. Dividends

	31 December 2025	31 July 2024
	£	£
On equity shares:
Final dividend paid	482,264	300,527

14. Related Party Transactions

At the year end Vital Electronics Limited was owed £1,388,812 (2024: £548,643) from companies under common control. This amount is included within other debtors.

At the year end Vital Electronics Limited owed £345,526 (2024: £Nil) to group companies. This amount is included within amounts owed to group undertakings.

15. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is NuLogic Group. NuLogic Group was incorporated in England & Wales.

The ultimate controlling party is Shawn Balstone and Kieren Balstone who controls 100% of the shares of NuLogic Group.

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Directors	K Balstone
	S Balstone

Company Number	13500938

Registered Office	Russell House
	Icknield Way
	Letchworth Garden City
	Hertfordshire
	SG6 1EL

Accountants	Sterling Accounting Solutions Ltd
	Chartered Accountants
	SAS House
	Chipperfield Road
	Kings Langley
	Hertfordshire
	WD4 9JB