Registered number: 02843012
FINANCIAL STATEMENTS
31 DECEMBER 2025
MICRO PLUS SOFTWARE LIMITED
COMPANY INFORMATION
MICRO PLUS SOFTWARE LIMITED
CONTENTS
MICRO PLUS SOFTWARE LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The Directors present the Strategic Report for the period ending 31st December 2025. This Strategic Report contains information about us, how we create value and how we run our business. It includes our strategy, business model, markets and Key Performance Indicators, as well as our approach to risk.
Micro Plus Software Limited is a market leading software developer providing data visualisation and business intelligence tools that help manage, understand, and control a wide array of business communications information, resources and assets. The principal activity of the company includes the provision of AI powered conversation analytics, communications analytics, call recording and toll fraud protection services. The Group develops and provides customer experience analytics software which is sold through Communications Service Providers, Resellers and Marketplaces to downstream end businesses globally. Our services are deployed in the Cloud and typically sold as software-as-a-service.
The Company’s results reflects the Company's first full year since it was acquired by Amity Solutions and transitioned to a calendar year end. As the previous year was only 9 months, the business has used more comparable LTM data to measure YoY performance. We are pleased to report that the percentage of recurring revenue is now at an impressive 91%, an increase of nearly 10% since our last results. Results in turnover growth was modest for the period however in-line with expectations as the business focusses its efforts on building strong ARR “subscription-first” pricing strategies with its partners. This is also reflected in the Company’s improved recurring revenue ratio.
The Group’s results for FY25 (12-month year end period) showed a relatively flat YoY revenue performance with turnover of £8,456,330 (compared to £6,205,756 in the previous 9-month year-end period). The main contributing factor for this was due to one of the business’s largest accounts transitioning from an up-front one-off license model to a monthly subscription model. Whilst this has had a short-term negative impact on the year’s revenue, recurring revenue now represents circa 91% of all reported revenue, an increase of 10%. With compounding subscription revenue now in place across all customers, the business is well positioned for growth in the coming year whilst maintaining excellent Gross Margin exceeding 90%.
This year, the Company advanced its AI powered conversation analytics product suite adding a number of additional higher priced features. This, along with improvements in its generative AI accuracy and cost efficiencies in running the platform, has meant the Company is well positioned to compete in the lucrative voice and conversation analytics market.
With its established portfolio of UC value added services, the Company will continue to focus on further UCaaS and CCaaS integration partnerships and look to cement its services further within its existing customer partnerships, especially as they transition to providing Microsoft Teams calling services.
The Company continues to make significant investments in its R&D, AI and digital first strategies. By accelerating product development through Amity’s AI Labs, the Company aims to bring higher ARPU services to its market of Communications and IT Service providers globally over the next twelve months.
The Company’s results reflects the Company's first full year since it was acquired by Amity Solutions and transitioned to a calendar year end. As the previous year was only 9 months, the business has used more comparable LTM data to measure YoY performance. We are pleased to report that the percentage of recurring revenue is now at an impressive 91%, an increase of nearly 10% since our last results. Results in turnover growth was modest for the period however in-line with expectations as the business focusses its efforts on building strong ARR “subscription-first” pricing strategies with its partners. This is also reflected in the Company’s improved recurring revenue ratio.
The Group’s results for FY25 (12-month year end period) showed a relatively flat YoY revenue performance with turnover of £8,456,330 (compared to £6,205,756 in the previous 9-month year-end period). The main contributing factor for this was due to one of the business’s largest accounts transitioning from an up-front one-off license model to a monthly subscription model. Whilst this has had a short-term negative impact on the year’s revenue, recurring revenue now represents circa 91% of all reported revenue, an increase of 10%. With compounding subscription revenue now in place across all customers, the business is well positioned for growth in the coming year whilst maintaining excellent Gross Margin exceeding 90%.
This year, the Company advanced its AI powered conversation analytics product suite adding a number of additional higher priced features. This, along with improvements in its generative AI accuracy and cost efficiencies in running the platform, has meant the Company is well positioned to compete in the lucrative voice and conversation analytics market.
With its established portfolio of UC value added services, the Company will continue to focus on further UCaaS and CCaaS integration partnerships and look to cement its services further within its existing customer partnerships, especially as they transition to providing Microsoft Teams calling services.
The Company continues to make significant investments in its R&D, AI and digital first strategies. By accelerating product development through Amity’s AI Labs, the Company aims to bring higher ARPU services to its market of Communications and IT Service providers globally over the next twelve months.
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MICRO PLUS SOFTWARE LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Group operates across multiple global jurisdictions, namely in the U.K, Europe, Australia and U.S. with a resource footprint in the U.K, Australia and India. The following risks have been identified:
Investment In Customer Success
Like many businesses, investment in on-line marketplace and customer success capabilities are of key importance to the business to be able to make the transaction of services as frictionless as possible for our partners. The investments made in restructuring of the sales and in-life teams along with the processes behind these have seen significant improvements in managing the ease of customer on boarding and overall experience.
Technology Risks
The Group delivers its services in the Cloud leveraging Microsoft Azure Cloud services and as such customer data management and security has always been at the forefront of the Company along with its investment in ISO certifications in business processes and IT and data security standards. The Group must now invest similarly in the adherence of robust AI security policies to ensure customer data remains robustly secure and that customer confidence is maintained as we bring more AI-powered products and services to the market.
Operational Risks
Improvements continue to be made in the managing of our People across the various jurisdictions. Improvements in global review processes have brought clarity and have mitigated potential risks related to HR reviews and performance management. The Group continues to evolve and align its HR and working policies to continue to comply with statutory requirements globally.
Ensuring the Group adheres to local laws and regulations regarding the management of its workforce alongside the processes that protect its customer data and service provision will continuously improve.
R&D Grant
The Group’s development centre is based in New Delhi, India. The recent changes in the treatment of R&D tax relief with respect to overseas expenditure have resulted in R&D tax credit claims being restricted to costs incurred on UK-based R&D activities. The Group has aligned its claim methodology with these requirements. This has led to greater focus on qualifying UK-based activities, with associated changes in the profile of R&D expenditure and related cash flows.
Liquidity
The Group seeks to ensure there is sufficient liquidity to support the day-to-day operations and growth plans through effective, commercially driven management decisions. The group currently enjoys a very healthy liquidity balance achieved through continuous assessment of investment decisions with a clear understanding of the returns and impacts on the cash position of the Company.
Like many businesses, investment in on-line marketplace and customer success capabilities are of key importance to the business to be able to make the transaction of services as frictionless as possible for our partners. The investments made in restructuring of the sales and in-life teams along with the processes behind these have seen significant improvements in managing the ease of customer on boarding and overall experience.
Technology Risks
The Group delivers its services in the Cloud leveraging Microsoft Azure Cloud services and as such customer data management and security has always been at the forefront of the Company along with its investment in ISO certifications in business processes and IT and data security standards. The Group must now invest similarly in the adherence of robust AI security policies to ensure customer data remains robustly secure and that customer confidence is maintained as we bring more AI-powered products and services to the market.
Operational Risks
Improvements continue to be made in the managing of our People across the various jurisdictions. Improvements in global review processes have brought clarity and have mitigated potential risks related to HR reviews and performance management. The Group continues to evolve and align its HR and working policies to continue to comply with statutory requirements globally.
Ensuring the Group adheres to local laws and regulations regarding the management of its workforce alongside the processes that protect its customer data and service provision will continuously improve.
R&D Grant
The Group’s development centre is based in New Delhi, India. The recent changes in the treatment of R&D tax relief with respect to overseas expenditure have resulted in R&D tax credit claims being restricted to costs incurred on UK-based R&D activities. The Group has aligned its claim methodology with these requirements. This has led to greater focus on qualifying UK-based activities, with associated changes in the profile of R&D expenditure and related cash flows.
Liquidity
The Group seeks to ensure there is sufficient liquidity to support the day-to-day operations and growth plans through effective, commercially driven management decisions. The group currently enjoys a very healthy liquidity balance achieved through continuous assessment of investment decisions with a clear understanding of the returns and impacts on the cash position of the Company.
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MICRO PLUS SOFTWARE LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Foreign Exchange
The Group makes sales and purchases in foreign currencies. Transactions are translated at prevailing rates at the end of each month and any required adjustments are made during that month. Due to the values involved (foreign currency sales account for only circa 10% of the overall sales made in the Group) and the natural hedging involved in the international markets that the business operates in, the risks are not deemed material. The Group continues to monitor the impact of geo-political instability across its markets.
The operating profit for the 12-month period was £2,985,189, a like for like increase of circa 134% from last period’s 9-month accounting period operating profit of £1,281,659. The decrease in operating profit in the prior year was primarily due to increases in operating costs since the Amity acquisition, along with one-off exceptional costs from the acquisition itself falling into this financial period. Despite challenging macro-economic conditions, earnings before interest, tax, depreciation and amortisation (EBITDA) was £3,409,038 (2024: £1,491,012).
Given the transition the company has undergone since the production of its last financial statements, the directors are very pleased with the financial results. Annual Recurring Revenue continues to grow with new, higher values licenses coming to the market which will drive recurring revenue further. The Company sees its investment in R&D along with enhancing its product portfolio as a key strategic driver.
Given the transition the company has undergone since the production of its last financial statements, the directors are very pleased with the financial results. Annual Recurring Revenue continues to grow with new, higher values licenses coming to the market which will drive recurring revenue further. The Company sees its investment in R&D along with enhancing its product portfolio as a key strategic driver.
Along with turnover and operating profit, already discussed in this report, the business monitors a number of core KPIs that indicate the pulse and health of the business as follows:
Annual Recurring Revenue (ARR) Scale
The Group has increased its ARR in the last 12-months by £844k and as the business continues to invest further in its digital and cloud strategies, this stable recurring revenue continues to underpin the Company’s growth. ARR now represents more than 91% of the Company’s revenue far exceeding the FY24 target set for the year of 75%.
Client Retention (Churn)
The Group continues to monitor downstream customer churn as part of its Board KPIs. Through 2025 churn was considerably higher than in previous years due to exceptional churn from one partner and one direct end customer. Both were due to these customers transitioning to telephony systems that are unsupported by Tollring. Churn from both customers has now ceased and underlying churn remained similar to the previous year.
The Group has increased its ARR in the last 12-months by £844k and as the business continues to invest further in its digital and cloud strategies, this stable recurring revenue continues to underpin the Company’s growth. ARR now represents more than 91% of the Company’s revenue far exceeding the FY24 target set for the year of 75%.
Client Retention (Churn)
The Group continues to monitor downstream customer churn as part of its Board KPIs. Through 2025 churn was considerably higher than in previous years due to exceptional churn from one partner and one direct end customer. Both were due to these customers transitioning to telephony systems that are unsupported by Tollring. Churn from both customers has now ceased and underlying churn remained similar to the previous year.
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MICRO PLUS SOFTWARE LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Group is committed to the creation of a highly effective workforce. Engaged employees are more loyal, more productive and more likely to contribute their ideas to improve the business. Engagement is founded on trust and staff must believe in the integrity of leaders. The Group’s four values are Integrity, Teamwork, Performance and Energy, all of which form the pillars of our recruitment process and the ongoing staff performance review process.
All leaders within our business are developed and coached in how to develop and create high performance teams, focusing on personal development and offering support where required. Key aspects are the attendance of twice-yearly management offsite days amongst other initiatives with respect to leadership and training courses. Similarly, we invest extensively in education and skills training giving staff a comprehensive understanding of their roles and how they fit into the overall business strategy. This is supported by internal communications including newsletters, monthly Talking Point sessions, Business Update briefings along with regular team briefs amongst other initiatives to maximise the understanding of the wider workplace.
Each year, employee engagement surveys are carried out to measure our progress and the most recent survey in January 2026. Employee engagement remained very high with an overall engagement score of 87%.
All leaders within our business are developed and coached in how to develop and create high performance teams, focusing on personal development and offering support where required. Key aspects are the attendance of twice-yearly management offsite days amongst other initiatives with respect to leadership and training courses. Similarly, we invest extensively in education and skills training giving staff a comprehensive understanding of their roles and how they fit into the overall business strategy. This is supported by internal communications including newsletters, monthly Talking Point sessions, Business Update briefings along with regular team briefs amongst other initiatives to maximise the understanding of the wider workplace.
Each year, employee engagement surveys are carried out to measure our progress and the most recent survey in January 2026. Employee engagement remained very high with an overall engagement score of 87%.
Our relationship with our customers is one of the key areas to the long-term success of our business. We have several touch points with our customers from the Customer Success team, who are in constant contact with our customers through a number of channels that include telephone, chat and online via our comprehensive ticketing system. Our customers are classified and segmented in a number of ways. Partners onwards selling our services are categorised depending on the type of relationship we have with them from Platinum Partners to Bronze Partners. Our customer success strategy clearly defines how we communicate with our various partners and end-user customers.
Partners are provided with peer-to-peer relationships that span, service delivery, technical support, pre-sales support and customer success (post-sales support).
The Group also has a central purchasing team via its finance function. Relationships with suppliers is managed departmentally depending on function. Department managers are regularly engaged with suppliers with internal and external escalation procedures in place ensuring any issues are prioritised and handled appropriately. We strive to maintain strong relationships with our customers.
Partners are provided with peer-to-peer relationships that span, service delivery, technical support, pre-sales support and customer success (post-sales support).
The Group also has a central purchasing team via its finance function. Relationships with suppliers is managed departmentally depending on function. Department managers are regularly engaged with suppliers with internal and external escalation procedures in place ensuring any issues are prioritised and handled appropriately. We strive to maintain strong relationships with our customers.
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MICRO PLUS SOFTWARE LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The management team ensures all regulatory obligations are met, including tax reporting requirements. The relationship we have with our banking partners is managed by our finance team to ensure that the right facilities are in place to support the business. Our main banking partner is Barclays, and this year the business moved across to Barclay’s .net online banking service which has enabled the business to improve its compliance needs through managed user access and payment authorisation processes.
The Group ensures its insurance policies are also reviewed on an annual basis to ensure insurance schedules meet our downstream customer obligations. We regularly review cyber and privacy security, IP infringement, Products and Services Liability amongst others.
The Group ensures its insurance policies are also reviewed on an annual basis to ensure insurance schedules meet our downstream customer obligations. We regularly review cyber and privacy security, IP infringement, Products and Services Liability amongst others.
This report was approved by the board and signed on its behalf.
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MICRO PLUS SOFTWARE LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their report and the financial statements for the Year ended 31 December 2025.
The directors are responsible for preparing the Group Strategic Report, Directors' Report and the consolidated financial statements, in accordance with applicable law.
Company law requires the directors to prepare consolidated financial statements for each financial year. Under that law they have elected to prepare the consolidated financial statements in accordance with UK-adopted international accounting standards in conformity with the requirements of the Companies Act 2006.
Under company law the directors must not approve the consolidated financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the company and of the profit or loss of the Group for that period. In preparing the consolidated financial statements, the directors are required to:
∙select suitable accounting policies and then apply them consistently;
∙make judgments and estimates that are reasonable and prudent;
∙state whether they have been prepared in accordance with IFRS Accounting Standards in conformity with the requirements of the Companies Act 2006, subject to any material departures disclosed and explained in the financial statements;
∙assess the Group and company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern; and
∙use the going concern basis of accounting unless they either intend to liquidate the Group or the company or to cease operations, or have no realistic alternative but to do so.
The profit for the year, after taxation, amounted to £2,641,507 (2024 - £1,057,318).
Dividend for the year £900,000 (2024: £3,427,497)
The directors who served during the Year were:
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MICRO PLUS SOFTWARE LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The entity is not disclosing as it is not a quoted entity, not meeting the large unquoted company threshold. The Group of which the entity is part is also not meeting the large unquoted company threshold.
Under section 487(2) of the Companies Act 2006, Armstrong Watson Audit Limited will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.
This report was approved by the board and signed on its behalf.
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MICRO PLUS SOFTWARE LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MICRO PLUS SOFTWARE LIMITED
We have audited the financial statements of Micro Plus Software Limited (the 'parent company') and its subsidiaries (the 'Group') for the period ended 31 December 2025 which comprise the Consolidated Statement of Profit or Loss and Other Comprehensive Income, the Consolidated Statement of Financial Position, the company Statement of Financial Position, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity, the Consolidated Statement of Cash Flows, the Company Statement of Cash Flows and the related notes, including a summary of material accounting policies set out on pages 23 - 38. The financial reporting framework that has been applied in the preparation of the financial statements is applicable law and UK-adopted international accounting standards in conformity with the requirements of the Companies Act 2006.
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 auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group and the parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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.
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 Group's or the parent 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.
The other information comprises the information included in the Annual Report, other than the financial statements and our auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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.
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MICRO PLUS SOFTWARE LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MICRO PLUS SOFTWARE LIMITED (CONTINUED)
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group Strategic Report and the Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
∙the Group Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Directors' Report.
Responsibilities of directors
Auditors' 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 auditors' 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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MICRO PLUS SOFTWARE LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MICRO PLUS SOFTWARE LIMITED (CONTINUED)
∙we obtained an understanding of laws and regulations that affect the company, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on its operations. Key laws and regulations that we identified included the UK Companies Act, tax legislation, Bribery Act, Proceeds of crime act and occupational health and employment legislation.
∙we enquired of the directors, reviewed correspondence with HMRC and reviewed directors meeting minutes for evidence of non-compliance with relevant laws and regulations.
∙we gained an understanding of the controls that the directors have in place to prevent and detect fraud. We enquired of the directors about any incidences of fraud that had taken place during the accounting period.
∙the risk of fraud and non-compliance with laws and regulations and fraud was discussed within the audit team and tests were planned and performed to address these risks. We identified the potential for fraud in the following areas: revenue recognition and management override of controls.
∙we reviewed financial statements disclosures and tested to supporting documentation to assess compliance with relevant laws and regulations discussed above.
∙we enquired of the directors about actual and potential litigation and claims.
∙we performed analytical procedures to identify any unusual or unexpected relationships that might indicate risks of material misstatement due to fraud.
∙in addressing the risk of fraud due to management override of internal controls we tested the appropriateness of journal entries and assessed whether the judgements made in making accounting estimates were indicative of a potential bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors' report.
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MICRO PLUS SOFTWARE LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MICRO PLUS SOFTWARE LIMITED (CONTINUED)
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 auditors' 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 and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants & Statutory Auditors
Leeds
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MICRO PLUS SOFTWARE LIMITED
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
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MICRO PLUS SOFTWARE LIMITED
REGISTERED NUMBER: 02843012
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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MICRO PLUS SOFTWARE LIMITED
REGISTERED NUMBER: 02843012
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2025
The financial statements on pages 12 to 64 were approved and authorised for issue by the board of directors and were signed on its behalf by:
The notes on pages 23 to 64 form part of these financial statements.
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MICRO PLUS SOFTWARE LIMITED
REGISTERED NUMBER: 02843012
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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MICRO PLUS SOFTWARE LIMITED
REGISTERED NUMBER: 02843012
COMPANY STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2025
The company's profit for the Year was £2,537,649 (2024 - £999,944 ).
The financial statements on pages 12 to 64 were approved and authorised for issue by the board of directors and were signed on its behalf by:
The notes on pages 23 to 64 form part of these financial statements.
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MICRO PLUS SOFTWARE LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
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MICRO PLUS SOFTWARE LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
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MICRO PLUS SOFTWARE LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
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MICRO PLUS SOFTWARE LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The notes on pages 23 to 64 form part of these financial statements.
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MICRO PLUS SOFTWARE LIMITED
COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
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MICRO PLUS SOFTWARE LIMITED
COMPANY STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The notes on pages 23 to 64 form part of these financial statements.
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MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1.Accounting policies
The consolidated financial statements of the Micro Plus Software Limited and its subsidiaries (collectively, the Group) were authorised for issue by the board of directors on 26 June 2026. Micro Plus Software Limited is a private company, limited by shares, incorporated in England and Wales under the Companies Act 2006. The address of the registered office is shown on the company information page.
The consolidated financial statements have been prepared for the year ended 31 December 2025 in accordance with UK adopted International Accounting Standards and with the requirements of the Companies Act 2006 as applicable to the companies reporting under those standards.
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.
The consolidated financial statements are presented in pounds sterling, rounded to the nearest pound. They are drawn up to the historical cost basis of accounting, except as disclosed in the accounting policies set out within the consolidated financial statements.
The financial statements cover a period of twelve months from 1 January 2025 to 31 December 2025, following a change in the company’s accounting reference date. This change was made to align the company’s year end with that of its parent company and the wider group. Comparative figures presented relate to the 9-month period ended 31 December 2024 and are therefore not directly comparable.
The Group’s accounting policies have, unless otherwise stated, been applied consistently to all periods presented in these financial statements.
New and amended standards adopted by the group
The group has applied the following standards and amendments for the first time for its annual reporting period commencing 1 January 2025:
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.
The consolidated financial statements are presented in pounds sterling, rounded to the nearest pound. They are drawn up to the historical cost basis of accounting, except as disclosed in the accounting policies set out within the consolidated financial statements.
The financial statements cover a period of twelve months from 1 January 2025 to 31 December 2025, following a change in the company’s accounting reference date. This change was made to align the company’s year end with that of its parent company and the wider group. Comparative figures presented relate to the 9-month period ended 31 December 2024 and are therefore not directly comparable.
The Group’s accounting policies have, unless otherwise stated, been applied consistently to all periods presented in these financial statements.
New and amended standards adopted by the group
The group has applied the following standards and amendments for the first time for its annual reporting period commencing 1 January 2025:
a)Amendments to IAS 21 -- Lack of Exchangeability. There is no impact on the group financial statements from the application of these amendments.
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MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1.Accounting policies (continued)
New standards and interpretations not yet adopted
Certain new accounting standards and amendments to accounting standards have been published that are not mandatory for 31 December 2025 reporting periods and have not been early adopted by the group. The group’s assessment of the impact of these new standards and amendments is set out below:
Certain new accounting standards and amendments to accounting standards have been published that are not mandatory for 31 December 2025 reporting periods and have not been early adopted by the group. The group’s assessment of the impact of these new standards and amendments is set out below:
a)Amendments to IFRS 9 and IFRS 7 - Contracts Referencing Nature dependent Electricity. There is no impact on the group financial statements from the application of these amendments. The effective date for the first time adoption is 1 January 2026.
b)Amendments to IFRS 9 and IFRS 7 – Contracts Referencing Nature dependent Electricity - There is no impact on the group financial statements from the application of these amendments. The effective date for the first time adoption is 1 January 2026.
c)Amendments to the Classification and Measurement of Financial Instruments – Amendments to IFRS 9 and IFRS 7 - There is no impact on the group financial statements from the application of these amendments. The effective date for the first time adoption is 1 January 2026.
d)Annual improvements to IFRS – Volume 11
- IFRS 1 First-time Adoption of International Financial Reporting Standards.
- IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7.
- IFRS 9 Financial Instruments.
- IFRS 10 Consolidated Financial Statements; and
- IAS 7 Statement of Cash Flows.
There is no impact on the group financial statements from the application of these amendments. The effective date for the first time adoption is 1 January 2026.
- IFRS 1 First-time Adoption of International Financial Reporting Standards.
- IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7.
- IFRS 9 Financial Instruments.
- IFRS 10 Consolidated Financial Statements; and
- IAS 7 Statement of Cash Flows.
There is no impact on the group financial statements from the application of these amendments. The effective date for the first time adoption is 1 January 2026.
e)Amendments to IAS 21 – Translation to a Hyperinflationary Presentation Currency - There is no impact on the group financial statements from the application of these amendments. The effective date for the first time adoption is 1 January 2027.
f)IFRS 18, ‘Presentation and Disclosure in Financial Statements’ - The impact of the new standard will be on the presentation of the statement of profit or loss and the related notes. The effective date for the first time adoption is 1 January 2027.
g)IFRS 19, ‘Subsidiaries without Public Accountability: Disclosures’ - There is no impact on the group financial statements from the application of these amendments. The effective date for the first time adoption is 1 January 2027.
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MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1.Accounting policies (continued)
Management is currently assessing the detailed implications of applying the new standard on the group’s consolidated financial statements. From the high-level preliminary assessment performed, the following potential impacts have been identified:
∙Although the adoption of IFRS 18 will have no impact on the group’s net profit, the group expects that grouping items of income and expenses in the statement of profit or loss into the new categories will impact how operating profit is calculated and reported. From the high-level impact assessment that the group has performed, the following items might potentially impact operating profit:
οForeign exchange differences currently aggregated in the line item ‘other income and other gains/(losses) – net’ in operating profit might need to be disaggregated, with some foreign exchange gains or losses presented below operating profit.
οIFRS 18 has specific requirements on the category in which derivative gains or losses are recognised – which is the same category as the income and expenses affected by the risk that the derivative is used to manage. Although the group currently recognises some gains or losses in operating profit and others in finance costs, there might be a change to where these gains or losses are recognised, and the group is currently evaluating the need for change.
∙The line items presented on the primary financial statements might change as a result of the application of the concept of ‘useful structured summary’ and the enhanced principles on aggregation and disaggregation. In addition, since goodwill will be required to be separately presented in the statement of financial position, the group will disaggregate goodwill and other intangible assets and present them separately in the statement of financial position.
∙The group does not expect there to be a significant change in the information that is currently disclosed in the notes because the requirement to disclose material information remains unchanged; however, the way in which the information is grouped might change as a result of the aggregation/disaggregation principles. In addition, there will be significant new disclosures required for:
οmanagement-defined performance measures;
οa break-down of the nature of expenses for line items presented by function in the operating category of the statement of profit or loss – this break-down is only required for certain nature expenses; and
οfor the first annual period of application of IFRS 18, a reconciliation for each line item in the statement of profit or loss between the restated amounts presented by applying IFRS 18 and the amounts previously presented applying IAS 1.
∙From a cash flow statement perspective, there will be changes to how interest received and interest paid are presented. Interest paid will be presented as financing cash flows and interest received as investing cashflows, which is a change from current presentation as part of operating cash flows.
The group will apply the new standard from its mandatory effective date of 1 January 2027. Retrospective application is required, and so the comparative information for the financial year ending 31 December 2026 will be restated in accordance with IFRS 18.
Page 25
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1.Accounting policies (continued)
A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction.
If the Group loses control over a subsidiary, it derecognises the related assets (including goodwill), liabilities, non-controlling interest and other components of equity, while any resultant gain or loss is recognised in profit or loss. Any investment retained is recognised at fair value.
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MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1.Accounting policies (continued)
The Directors’ assessment of the Group’s ability to continue as a going concern includes consideration of cash flow forecasts. These forecasts include consideration of future trading performance, working capital requirements, and the wider Group’s current financing arrangements, along with wider economic conditions, and include the modelling of downside scenarios. The scenarios considered take account of a number of severe, but plausible, downsides that the Group might experience by flexing the forecasts for a number of financial assumptions, such as reductions in sales and profit sensitivities.
As a result, the Directors are satisfied that the going concern basis remains appropriate for the preparation of the consolidated financial statements, with the wider Group remaining well-funded, profitable and cash generative for a period of at least 12 months from the date of approval of these consolidated financial statements.
Revenue from contracts with customers is recognised when control of the goods or services are transferred to the customer (i.e. when the Group delivers its performance obligation under the contract) at an amount that reflects the consideration to which the Group expects to be entitled in exchange for those goods or services.
The Group typically enters into multi-element arrangements which include software licence fees, subscription fees, training and support services. Revenue is allocated to the elements of the arrangement based upon the fair value of each element.
The Group sells a licence for access to its products which are hosted from the Group's servers. The license fees grant access to web space for the duration of the agreement and include maintenance and support. The revenue for the licence is recognised on an accruals basis to match the period of use by the customer until the end of the contract. The unrecognised element is included within deferred income and the amount recognised prior to billing is included within accrued income.
Training revenue relates to customer training to use the product. Revenue is recognised on the training fees based on the agreed rates as the service is provided. The rates are predetermined at the contract signing date.
Revenue from support services is recognised over the period of contract. The amount received in advance is recognised as deferred income.
The Group typically enters into multi-element arrangements which include software licence fees, subscription fees, training and support services. Revenue is allocated to the elements of the arrangement based upon the fair value of each element.
The Group sells a licence for access to its products which are hosted from the Group's servers. The license fees grant access to web space for the duration of the agreement and include maintenance and support. The revenue for the licence is recognised on an accruals basis to match the period of use by the customer until the end of the contract. The unrecognised element is included within deferred income and the amount recognised prior to billing is included within accrued income.
Training revenue relates to customer training to use the product. Revenue is recognised on the training fees based on the agreed rates as the service is provided. The rates are predetermined at the contract signing date.
Revenue from support services is recognised over the period of contract. The amount received in advance is recognised as deferred income.
Interest income is recognised in profit or loss using the effective interest method.
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MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1.Accounting policies (continued)
Defined contribution pension plan
The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group 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.
The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group 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.
Defined benefit pension plan
The Group operates unfunded defined benefit plans comprising of:
- a gratuity plan, which provides post-employment benefits in accordance with statutory requirements; and
- accumulating leave encashment benefits, which are classified as other long-term employee benefits.
The liability recognised in the statement of financial position in respect of defined benefit plans represents the present value of the defined benefit obligation at the reporting date.
The defined benefit obligation is calculated annually by independent actuaries using the projected unit credit method. The obligation is measured by discounting estimated future cash flows using market yields at the reporting date on high-quality corporate bonds with terms consistent with the estimated maturity of the obligation.
The cost of defined benefit plans recognised in profit or loss comprises of:
- current service cost; and
- net interest on the net defined benefit liability.
Remeasurements of the net defined benefit liability, comprising actuarial gains and losses arising from changes in actuarial assumptions and experience adjustments, are recognised in other comprehensive income and are not reclassified to profit or loss in subsequent periods.
As the plans are unfunded, no plan assets are held.
Page 28
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1.Accounting policies (continued)
The Group's consolidated financial statements are presented in GBP (Sterling), which is also the parent company's functional currency. For each entity, the Group determines the functional currency and items included in the financial statements of each entity are measured using that functional currency.
Transactions and balances
Transactions in foreign currencies are initially recorded by the Group's entities at their respective functional currency spot rates at the date the transaction first qualifies for recognition.
Monetary assets and liabilities denominated in foreign currencies are translated at the functional currency spot rates of exchange at the reporting date.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
Page 29
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1.Accounting policies (continued)
Page 30
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1.Accounting policies (continued)
Depreciation is provided on all other items of property, plant and equipment so as to write off their carrying value over their expected useful economic lives. It is provided at the following rates:
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.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Page 31
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1.Accounting policies (continued)
Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is their fair value at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortisation and accumulated impairment losses. Internally generated intangibles, excluding capitalised development costs, are not capitalised and the related expenditure is reflected in profit or loss in the period in which the expenditure is incurred.
The useful lives of intangible assets are assessed as either finite or indefinite.
Intangible assets with finite lives are amortised over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired. The amortisation period and the amortisation method for an intangible asset with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are considered to modify the amortisation period or method, as appropriate, and are treated as changes in accounting estimates. The amortisation expense on intangible assets with finite lives is recognised in the statement of profit or loss in the expense category that is consistent with the function of the intangible assets.
Intangible assets with indefinite useful lives are not amortised, but are tested for impairment annually, either individually or at the cash-generating unit level. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be supportable. If not, the change in useful life from indefinite to finite is made on a prospective basis.
An intangible asset is derecognised upon disposal (i.e., at the date the recipient obtains control) or when no future economic benefits are expected from its use or disposal. Any gain or loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the statement of profit or loss.
Research and development costs
Research costs are expensed as incurred. Development expenditures on an individual project are recognised as an intangible asset when the Group can demonstrate:
o The technical feasibility of completing the intangible asset so that the asset will be available for use or sale
o Its intention to complete and its ability and intention to use or sell the asset
o How the asset will generate future economic benefits
o The availability of resources to complete the asset
o The ability to measure reliably the expenditure during development
Following initial recognition of the development expenditure as an asset, the asset is carried at cost less any accumulated amortisation and accumulated impairment losses. Amortisation of the asset begins when development is complete and the asset is available for use. It is amortised over the period of expected future benefit which is estimated from 5 to 7 years. Amortisation is recorded in cost of sales. During the period of development, the asset is tested for impairment annually.
The useful lives of intangible assets are assessed as either finite or indefinite.
Intangible assets with finite lives are amortised over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired. The amortisation period and the amortisation method for an intangible asset with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are considered to modify the amortisation period or method, as appropriate, and are treated as changes in accounting estimates. The amortisation expense on intangible assets with finite lives is recognised in the statement of profit or loss in the expense category that is consistent with the function of the intangible assets.
Intangible assets with indefinite useful lives are not amortised, but are tested for impairment annually, either individually or at the cash-generating unit level. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be supportable. If not, the change in useful life from indefinite to finite is made on a prospective basis.
An intangible asset is derecognised upon disposal (i.e., at the date the recipient obtains control) or when no future economic benefits are expected from its use or disposal. Any gain or loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the statement of profit or loss.
Research and development costs
Research costs are expensed as incurred. Development expenditures on an individual project are recognised as an intangible asset when the Group can demonstrate:
o The technical feasibility of completing the intangible asset so that the asset will be available for use or sale
o Its intention to complete and its ability and intention to use or sell the asset
o How the asset will generate future economic benefits
o The availability of resources to complete the asset
o The ability to measure reliably the expenditure during development
Following initial recognition of the development expenditure as an asset, the asset is carried at cost less any accumulated amortisation and accumulated impairment losses. Amortisation of the asset begins when development is complete and the asset is available for use. It is amortised over the period of expected future benefit which is estimated from 5 to 7 years. Amortisation is recorded in cost of sales. During the period of development, the asset is tested for impairment annually.
Page 32
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1.Accounting policies (continued)
At the end of each reporting period, the Group 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). When it is not possible to estimate the recoverable amount of an individual asset, the Group estimates the recoverable amount of the cash-generating unit to which the asset belongs. When a reasonable and consistent basis of allocation can be identified, corporate assets are also allocated to individual cash-generating units, or otherwise they are allocated to the smallest group of cash-generating units for which a reasonable and consistent allocation basis can be identified.
Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment at least annually, and whenever there is an indication that the asset may be impaired.
Recoverable amount is the higher of fair value less costs of disposal 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.
When an impairment loss subsequently reverses, the carrying amount of the asset (or a 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.
Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment at least annually, and whenever there is an indication that the asset may be impaired.
Recoverable amount is the higher of fair value less costs of disposal 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.
When an impairment loss subsequently reverses, the carrying amount of the asset (or a 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.
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 33
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1.Accounting policies (continued)
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.
The Group assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.
Group as a lessee
The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Group recognises lease liabilities representing obligations to make lease payments and right-of-use assets representing the right to use the underlying assets.
i) Right-of-use assets
The Group recognises right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognised, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets.
If ownership of the leased asset transfers to the Group at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset.
The right of use assets are subject to impairment, refer to the impairment of non-monetary assets note.
Group as a lessee
The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Group recognises lease liabilities representing obligations to make lease payments and right-of-use assets representing the right to use the underlying assets.
i) Right-of-use assets
The Group recognises right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognised, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets.
If ownership of the leased asset transfers to the Group at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset.
The right of use assets are subject to impairment, refer to the impairment of non-monetary assets note.
Page 34
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1.Accounting policies (continued)
ii) Lease liabilities
At the commencement date of the lease, the Group recognises lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Group and payments of penalties for terminating the lease, if the lease term reflects the Group exercising the option to terminate.
Variable lease payments that do not depend on an index or a rate are recognised as expenses (unless they are incurred to produce inventories) in the period in which the event or condition that triggers the payment occurs.
In calculating the present value of lease payments, the Group uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the lease payments (e.g., changes to future payments resulting from a change in an index or rate used to determine such lease payments) or a change in the assessment of an option to purchase the underlying asset.
iii)Short term lease and lease of low value assets
The Group applies the short-term lease recognition exemption to its short-term leases of machinery and equipment (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the lease of low-value assets recognition exemption to leases of office equipment that are considered to be low value. Lease payments on short term leases and leases of low-value assets are recognised as expense on a straight-line basis over the lease term.
The Group applies the short-term lease recognition exemption to its short-term leases of machinery and equipment (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the lease of low-value assets recognition exemption to leases of office equipment that are considered to be low value. Lease payments on short term leases and leases of low-value assets are recognised as expense on a straight-line basis over the lease term.
Financial assets and financial liabilities are recognised when a Group entity becomes a party to the contractual provisions of the instruments. Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through profit or loss are recognised immediately in profit or loss.
Financial assets
All regular way purchases or sales of financial assets are recognised and derecognised on a trade date basis. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the time frame established by regulation or convention in the marketplace.
All recognised financial assets are subsequently measured in their entirety at either amortised cost or fair value, depending on the classification of the financial assets.
Financial assets
All regular way purchases or sales of financial assets are recognised and derecognised on a trade date basis. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the time frame established by regulation or convention in the marketplace.
All recognised financial assets are subsequently measured in their entirety at either amortised cost or fair value, depending on the classification of the financial assets.
Page 35
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1.Accounting policies (continued)
Financial liabilities and equity instruments
All financial liabilities are subsequently measured at amortised cost using the effective interest method or at FVTPL. However, financial liabilities that arise when a transfer of a financial asset does not qualify for derecognition or when the continuing involvement approach applies, financial guarantee contracts issued by the Group, and commitments issued by the Group to provide a loan at below-market interest rate are measured in accordance with the specific accounting policies set out below.
Financial liabilities at FVTPL
Financial liabilities are classified as at FVTPL when the financial liability is (i) contingent consideration of an acquirer in a business combination to which IFRS 3 applies, (ii) held for trading, or (iii) it is designated as at FVTPL.
A financial liability is classified as held for trading if:
o it has been incurred principally for the purpose of repurchasing it in the near term;
o on initial recognition it is part of a portfolio of identified financial instruments that the Group manages together and has a recent actual pattern of short-term profit-taking; or
o it is a derivative, except for a derivative that is a financial guarantee contract or a designated and effective hedging instrument.
A financial liability other than a financial liability held for trading or contingent consideration of an acquirer in a business combination may be designated as at FVTPL upon initial recognition if:
o such designation eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise; or
o the financial liability forms part of a group of financial assets or financial liabilities or both, which is managed and its performance is evaluated on a fair value basis, in accordance with the Group's documented risk management or investment strategy, and information about the grouping is provided internally on that basis; or
o it forms part of a contract containing one or more embedded derivatives, and IFRS 9 permits the entire combined contract to be designated as at FVTPL.
Financial liabilities at FVTPL are stated at fair value, with any gains or losses arising on remeasurement recognised in profit or loss to the extent that they are not part of a designated hedging relationship (see note 22). The net gain or loss recognised in profit or loss incorporates any interest paid on the financial liability and is included in the 'fair value gains/losses' line item.
Page 36
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1.Accounting policies (continued)
However, for financial liabilities that are designated as at FVTPL, the amount of change in the fair value of the financial liability that is attributable to changes in the credit risk of that liability is recognised in other comprehensive income, unless the recognition of the effects of changes in the liability's credit risk in other comprehensive income would create or enlarge an accounting mismatch in profit or loss. The remaining amount of change in the fair value of the liability is recognised in profit or loss. Changes in fair value attributable to a financial liability's credit risk that are recognised in other comprehensive income are not subsequently reclassified to profit or loss; instead, they are transferred to retained earnings upon derecognition of the financial liability.
Gains or losses on financial guarantee contracts and loan commitments issued by the Group that are designated by the Group as at FVTPL are recognised in profit or loss.
Fair value is determined in the manner described in note 23.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Page 37
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1.Accounting policies (continued)
Following are critical judgements and key sources of estimation uncertainty in applying the group accounting policies.
Useful lives of tangible and intangible assets
Depreciation and amortisation is charged so as to write off the costs of the assets over their estimated useful lives. The expected useful lives of the assets are stated in note 2.9 and 2.10, should the expected lives change then this will affect the annual depreciation and amortisation charge.
Impairment of tangible and intangible assets
The Group's assets comprise property, plant and equipment and intangible assets. The Group makes judgements and estimates in considering whether the carrying amounts of these assets are recoverable. Should the recoverable amounts be less than the current carrying values then an impairment charge is made to reduce the assets down to their net recoverable amounts. There are no indicators that PPE or intangible assets are impaired based on performance during the year and post year end.
Provision of expected credit losses of trade and loan receivables
The Group uses the simplified approach where the historical trends and the actual information available to calculate ECLs for trade receivables. The provision is calculated based on customers having loss patterns review on individual customer by customer basis.
The Group uses simplified approach to calculate the expected credit losses related to loan receivable. Simplified approach requires recognising lifetime expected credit losses.
Estimating the incremental borrowing rate
The Group cannot readily determine the interest rate implicit in the lease, therefore, it uses its incremental borrowing rate (IBR) to measure lease liabilities. The Group does not use borrowings to run its operations and is funded by equity. The Group has invested in Loans where it charges the interest income from the Parent and the third parties. The Group assumes that it can use the funds for its own business purposes and hence the interest rate related to interest income lost is considered as the incremental borrowing rate. This interest rate therefore reflects what the Group ‘would have to pay’, which requires estimation when no observable rates are available.
Useful lives of tangible and intangible assets
Depreciation and amortisation is charged so as to write off the costs of the assets over their estimated useful lives. The expected useful lives of the assets are stated in note 2.9 and 2.10, should the expected lives change then this will affect the annual depreciation and amortisation charge.
Impairment of tangible and intangible assets
The Group's assets comprise property, plant and equipment and intangible assets. The Group makes judgements and estimates in considering whether the carrying amounts of these assets are recoverable. Should the recoverable amounts be less than the current carrying values then an impairment charge is made to reduce the assets down to their net recoverable amounts. There are no indicators that PPE or intangible assets are impaired based on performance during the year and post year end.
Provision of expected credit losses of trade and loan receivables
The Group uses the simplified approach where the historical trends and the actual information available to calculate ECLs for trade receivables. The provision is calculated based on customers having loss patterns review on individual customer by customer basis.
The Group uses simplified approach to calculate the expected credit losses related to loan receivable. Simplified approach requires recognising lifetime expected credit losses.
Estimating the incremental borrowing rate
The Group cannot readily determine the interest rate implicit in the lease, therefore, it uses its incremental borrowing rate (IBR) to measure lease liabilities. The Group does not use borrowings to run its operations and is funded by equity. The Group has invested in Loans where it charges the interest income from the Parent and the third parties. The Group assumes that it can use the funds for its own business purposes and hence the interest rate related to interest income lost is considered as the incremental borrowing rate. This interest rate therefore reflects what the Group ‘would have to pay’, which requires estimation when no observable rates are available.
Page 38
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 39
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 40
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 41
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 42
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 43
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 44
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
9.Tax expense (continued)
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MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Page 48
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 49
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 50
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 51
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 52
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 53
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 54
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Revaluation reserve
Translation reserve
Other reserves
Retained earnings
The Group's normal operating, investing and financing activities expose it to a variety of financial risks: credit risk, market risk (including price risk, and currency risk) and liquidity risk. The Group's overall financial risk management approach aims to identify, manage and mitigate these risks.
Explain when the loans were issued, the amounts outstanding, the interest rates and the repayment dates.
Explain when the loans were issued, the amounts outstanding, the interest rates and the repayment dates.
Page 55
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
22.Financial instruments - fair values and risk management (continued)
Market risk is the risk of loss that results from changes in market prices (commodity prices, interest rates and foreign exchange rates). The level of market risk to which the Group is exposed at a point in time varies depending on market conditions, expectations of future price or market rate movements. The Group is exposed to the foreign exchange risk due to its transaction in the foreign currency and the foreign operations.
Foreign exchange risk
Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Group’s exposure to the risk of changes in foreign exchange rates relates primarily to the Group’s operating activities (when revenue or expense is denominated in a foreign currency) and the Group’s net investments in foreign subsidiaries.
The company is exposed to both Operational and Transactional risk. Transaction risks are mitigated through maximising the use of local currency to mirror costs and sales and where necessary utilising effective currency transfers at optimal rates through third parties. Translation risk is accepted as a consequence of operating on a global basis.
The following tables demonstrate the sensitivity to a reasonably possible change in USD, AUD, Euro and INR exchange rates, with all other variables held constant. The impact on the Group’s profit before tax is due to changes in the fair value of monetary assets and liabilities.
A 5% decrease in exchange rates has same but opposite effect on profit before tax and pre tax equity.
Foreign exchange risk
Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Group’s exposure to the risk of changes in foreign exchange rates relates primarily to the Group’s operating activities (when revenue or expense is denominated in a foreign currency) and the Group’s net investments in foreign subsidiaries.
The company is exposed to both Operational and Transactional risk. Transaction risks are mitigated through maximising the use of local currency to mirror costs and sales and where necessary utilising effective currency transfers at optimal rates through third parties. Translation risk is accepted as a consequence of operating on a global basis.
The following tables demonstrate the sensitivity to a reasonably possible change in USD, AUD, Euro and INR exchange rates, with all other variables held constant. The impact on the Group’s profit before tax is due to changes in the fair value of monetary assets and liabilities.
A 5% decrease in exchange rates has same but opposite effect on profit before tax and pre tax equity.
Page 56
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
22.Financial instruments - fair values and risk management (continued)
Credit risk is the risk of loss associated with a counterparty's inability or failure to discharge its obligations under a contract. The Group is exposed to credit risk in its sale of goods and services, loan receivables and on its treasury activities. Counterparty credit exposures are monitored by individual counterparty and by a minimum threshold credit rating. There have been no material changes in the management of risk in the period or in the level of exposure to counterparties below investment grade.
The business continuously monitors its collections, identifying and escalating potential collection risks and then taking necessary steps to accelerate collections. An impairment analysis is performed at each reporting date by review of each customer to measure expected credit losses. The Group does not hold collateral as security. Ageing analysis of trade receivables is as follows, refer to note 14 for the movement in expected credit loss provision:
Credit risk from balances with banks and financial institutions is managed locally in accordance with the Group’s policy. Investments of surplus funds are made only with approved counterparties with approval of the board. Cash is utilised locally to manage operations and kept in local accounts as opposed to sweeping into a single global account.
The business continuously monitors its collections, identifying and escalating potential collection risks and then taking necessary steps to accelerate collections. An impairment analysis is performed at each reporting date by review of each customer to measure expected credit losses. The Group does not hold collateral as security. Ageing analysis of trade receivables is as follows, refer to note 14 for the movement in expected credit loss provision:
Credit risk from balances with banks and financial institutions is managed locally in accordance with the Group’s policy. Investments of surplus funds are made only with approved counterparties with approval of the board. Cash is utilised locally to manage operations and kept in local accounts as opposed to sweeping into a single global account.
Page 57
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
22.Financial instruments - fair values and risk management (continued)
Page 58
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Balances and transactions between the company and its subsidiaries, which are related parties of the company, have been eliminated on consolidation and are not disclosed in this note. Details of transactions between the Group and other related parties are disclosed below.
Details of transactions between the company and its related parties are disclosed below.
Interest on the above loans is charged at Bank of England rate plus 2%. No provision for expected credit loss for related parties was required (31 December 2024: nil). The loans are repayable on demand.
* A loan of £450,000 (2024: £600,000) is granted to Amity Solutions Global Holdings PTE Ltd during the year at an interest rate of Bank of England rate plus 2%. The interest accrued at the year end is £63,274 (2024: £16,449).
The Directors of the Group are deemed key management personnel, and their remuneration is disclosed above in note 7.
Page 59
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
24.1 Defined contribution benefit plan
The Group pays contributions into money purchase pension schemes for the benefit of certain employees. The assets of these schemes are held separately from those of the Group in independently administered funds.
Group
The pension cost charge represents contributions payable by the company to these funds and amounted to £137,117 (31 December 2024: £96,655).
Contributions of £12,000 (31 December 2024: £29,235) were payable to these funds at the balance sheet date.
Company
The pension cost charge represents contributions payable by the company to these funds and amounted to £59,818 (31 December 2024: £41,234 ).
Contributions of £1,456 debit (31 December 2024: £12,706 ) were payable to these funds at the balance sheet date.
The Group pays contributions into money purchase pension schemes for the benefit of certain employees. The assets of these schemes are held separately from those of the Group in independently administered funds.
Group
The pension cost charge represents contributions payable by the company to these funds and amounted to £137,117 (31 December 2024: £96,655).
Contributions of £12,000 (31 December 2024: £29,235) were payable to these funds at the balance sheet date.
Company
The pension cost charge represents contributions payable by the company to these funds and amounted to £
Contributions of £
24.2 Defined benefit pension plan
a) Nature of the plans
The Group provides defined benefit plans to eligible employees in certain jurisdictions. The plans comprise:
- Gratuity benefits, which are classified as post-employment defined benefit plans and are governed by local statutory requirements.
- Leave encashment benefits, which represent accumulating compensated absences and are classified as other long-term employee benefits.
Page 60
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
b) Risks associated with the plans
The defined benefit plans expose the Group to a number of actuarial risks, including:
Salary growth risk - the obligation is sensitive to future salary increases.
Discount rate risk - a decrease in the discount rate increases the present value of the obligation.
Attrition risk - variability in employee turnover impacts the timing and amount of benefit payments.
Longevity & demographic risk - changes in mortality assumptions affect the timing of benefit payments.
Liquidity risk - although unfunded, the Group must ensure sufficient liquidity to meet benefit payments as they fall due.
c) Reconciliation of defined benefit obligation
Movements of employee benefit obligations and liabilities are as follows:
Page 61
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 62
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 63
MICRO PLUS SOFTWARE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Until 31 July 2024, the ultimate parent undertaking of Micro Plus Software Limited was AMMA SARL, a company registered in Luxembourg, which held 85% of the Company’s issued share capital. AMMA SARL is wholly owned by Antonio Martino, who was therefore considered the ultimate controlling party.
On 31 July 2024,Amity Solutions Global Holdings Pte. Ltd ., a company incorporated in Singapore, acquired 67% of the ordinary shares of Micro Plus Software Limited and became its immediate parent company.
The ultimate parent undertaking isAmity Corporation Limited which is registered in United Kingdom (England) and its registered office is: c/o Kreston Reeves LLP, Innovation House, Ramsgate Road, Sandwich, Kent, CT13 9FF .
Amity Corporation Limited is the parent of the largest group to consolidate the results of Micro Plus Software Limited. The consolidated financial statements of Amity Corporation Limited can be obtained from the Companies House.
On 31 July 2024,
The ultimate parent undertaking is
Amity Corporation Limited is the parent of the largest group to consolidate the results of Micro Plus Software Limited. The consolidated financial statements of Amity Corporation Limited can be obtained from the Companies House.
There have been no significant events affecting the company since the year end.
Page 64