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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2025
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SIGNIFY TECHNOLOGY GROUP LTD
COMPANY INFORMATION
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SIGNIFY TECHNOLOGY GROUP LTD
CONTENTS
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SIGNIFY TECHNOLOGY GROUP LTD
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their strategic report of the company and the group for the year ended 31 December 2025.
Signify Technology Group Ltd is a recruitment specialist operating in the information technology market across the EU and US, employing 40 people in London, Los Angeles and Austin. Signify Technology specialises in Contract and Permanent recruitment agency activities providing exceptional talent in emerging technologies across Leadership, Software Engineering, Data/Artificial intelligence and Cloud. Being a minority-owned business certified by MSDUK, Signify's mission is to diversify and evolve the tech space by supporting clients in their DEI journeys. In 2025 Signify was awarded Recruitment Agency of the Year – 35-49 employees - at The Recruiter Awards.
Since our incorporation in 2016, our commitment to quality and excellence has driven our growth. Despite the challenges posed by the Covid year and the tough market conditions of 2023, we have successfully increased both revenues and headcount over the 10-year period. Our strategic efforts to resource the business effectively and enhance employee retention have ensured that we retain the top talent and have grown profits in 2025. As a minority-owned business, we are deeply committed to improving DE&I representation through careful and strategic recruitment practices. Our dedication to diversity, equity, and inclusion is reflected not only in our internal policies but also in the services we provide to our clients. With our innovative strategies, dedicated workforce, and unwavering commitment to excellence, we are well positioned to navigate future challenges and capitalize on new opportunities. Our solid financial performance, specialised expertise, and strong client relationships ensure that we will continue to thrive, grow and remain a going concern, making a positive impact in the recruitment industry and beyond. The Group continued to face difficult trading conditions in 2025 against the backdrop of a tough global economy and slow-moving recruitment sector. Despite this Signify Technology grew their Contract recruitment service Gross Margin by 8% from prior year to £8m and grew their Permanent recruitment service Gross Margin by 17% to £2.1m. Overall, revenue increased by 7% from prior year to £36.57m and Gross Margin increased by 9% to £10.1m. Signify Technology maintained similar levels of staff and overheads from 2024 through 2025 due to the difficult market conditions. As such administrative expenses only increased by 3% to £8.2m. The overall results for the Group show operating profit of £1.95m (2024: £1.27m). Strategy Signify Technology's vision is to be recognised as the world's most diverse staffing partner in the technology industry, positively celebrated for the transformative influence that we bring to the lives and communities we serve. To realise our strategic objectives, we have a multifaceted approach to drive sustained growth and competitive advantage. Central to our product strategy is to have a 90/10 split in Contract to Permanent placements whilst growing revenue and maintaining high margins which will give long term stability. We are committed to extending our geographical reach, particularly in the US, targeting high-potential regions to capture new market share and foster global brand recognition. We aim to expand and diversify our markets by entering new industry segments and broadening our product portfolio to mitigate risks and seize untapped opportunities whilst remaining specialised and championing diversity. Talent attraction and retention are pivotal to our success; therefore, we will invest in comprehensive development programs and cultivate an inclusive, dynamic workplace culture to attract top talent and maintain high employee engagement and productivity.
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SIGNIFY TECHNOLOGY GROUP LTD
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The business is exposed to market risk, and through its funding requirements, to interest and currency risks. These are being evaluated on a continuous basis.
Whilst the political situation in the world remains turbulent, and the effects of global conflicts and US tariffs continue to weaken the worldwide economy, there will inevitably be exposure to risk. However, the company has taken several strategic measures in recent years to ensure continued successful trading. These include diversifying our client base across the EU and US, strengthening our contractor and supplier relationships to protect against disruption, and maintaining a conservative cash management policy to preserve liquidity. We also use robust financial forecasting tools and regularly review our cost base to remain agile in response to market changes. Combined with a strong net asset position, the Group is well placed to navigate the ongoing uncertainty and anticipates continued growth in 2026. The Directors will continue to monitor the economic environment and implement appropriate measures to deal with any risks.
The board monitors the progress of the Group with regard to a number of KPI’s, a selection of these are detailed below:
Signify Technology is in a robust financial position, supported by consistent revenue and profit growth since incorporation in 2016. In 2025 we continued to maintain healthy cash reserves through continued profit generation, robust contracts terms and efficient debt collection, ensuring a solid financial cushion to support our operations and growth initiatives.
Our Invoice Finance Facility lender remains as Bank Leumi which covers the entire Group under a £5.5m facility. Due to the positive cash position generated through several years of strong trading performance, the Group was in the position to be able to offer an interest only 3-year loan to the CEO Ryan Adams in December 2023. The outstanding balance at December 2025 was £631k. The group's CBIL loan from NatWest continues to be repaid as per the agreement with the outstanding balance at December 2025 being £56k (2024: £109k)
This report was approved by the board on 10 July 2026 and signed on its behalf.
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SIGNIFY TECHNOLOGY GROUP LTD
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 profit for the year, after taxation, amounted to £1,725,066 (2024 - £951,529).
Dividends of £597,000 were paid during the year.
The directors who served during the year were:
The company has chosen in accordance with Section 414C(11) of the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 to set out within the company's Strategic Report the Company's Strategic report Information Required by Schedule 7 of the Large and Medium Sized Companies and Groups (Accounts and Reports) Regulation 2008. This includes information that would have been included in the business review, future developments and details of the principal risks and uncertainties.
The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies for the Group's financial statements and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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SIGNIFY TECHNOLOGY GROUP LTD
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The auditors, Dyke Yaxley Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on
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SIGNIFY TECHNOLOGY GROUP LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SIGNIFY TECHNOLOGY GROUP LTD
We have audited the financial statements of Signify Technology Group Ltd (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 December 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Analysis of Net Debt, the Consolidated Statement of Financial Position, the Company Statement of Financial Position, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
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 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.
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SIGNIFY TECHNOLOGY GROUP LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SIGNIFY TECHNOLOGY GROUP LTD (CONTINUED)
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.
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 year 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.
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.
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SIGNIFY TECHNOLOGY GROUP LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SIGNIFY TECHNOLOGY GROUP LTD (CONTINUED)
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 Group 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:
We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, employment law, client and contractor contracts, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and a review of legal costs. As in all our audits, we also addressed the risk of management override of controls, including testing journals and evaluating whether there was an evidence of bias by the directors that represented a risk of material misstatement due to fraud. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.
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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SIGNIFY TECHNOLOGY GROUP LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SIGNIFY TECHNOLOGY GROUP LTD (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
1 Brassey Road
Old Potts Way
Shropshire
SY3 7FA
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SIGNIFY TECHNOLOGY GROUP LTD
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
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SIGNIFY TECHNOLOGY GROUP LTD
REGISTERED NUMBER: 10260641
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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SIGNIFY TECHNOLOGY GROUP LTD
REGISTERED NUMBER: 10260641
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2025
These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 July 2026.
The notes on pages 18 to 34 form part of these financial statements.
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SIGNIFY TECHNOLOGY GROUP LTD
REGISTERED NUMBER: 10260641
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
These financial satements have been prepared in accordance with the provisions relating to medium-sized entities.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
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SIGNIFY TECHNOLOGY GROUP LTD
REGISTERED NUMBER: 10260641
COMPANY STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2025
The notes on pages 18 to 34 form part of these financial statements.
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SIGNIFY TECHNOLOGY GROUP LTD
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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SIGNIFY TECHNOLOGY GROUP LTD
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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SIGNIFY TECHNOLOGY GROUP LTD
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
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SIGNIFY TECHNOLOGY GROUP LTD
CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 DECEMBER 2025
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SIGNIFY TECHNOLOGY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
SIGNIFY TECHNOLOGY GROUP LTD is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.
The Group consists of Signify Technology Group Ltd and its subsidiary undertaking Signify Technology Group Inc.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).
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 following principal accounting policies have been applied:
The consolidated financial statements incorporate the results of Signify Technology Group Limited and its subsidiary undertaking as at 31 December 2025 using the merger method of accounting. Intra-group sales and profits are eliminated fully on consolidation. Where necessary, adjustments are made to the financial statements of subsidiary to bring the accounting policies used into line with those used by other members of the group.
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover arising from the placement of permanent candidates is recognised when the company has fulfilled its contractual obligations in accordance with the underlying contracts. Depending on the terms and conditions agreed with the hiring client, this is either on the start date of a candidate's employment, or when a candidate accepts an offer of employment and a start date has been determined. Where revenue is recognised on acceptance, the directors consider the likelihood of withdrawal and make a provision accordingly. Turnover arising from temporary placements is recognised over the period that temporary staff are provided. Provision is made for the expected cost of meeting obligations where temporary workers have submitted approved timesheets for the specified contractual period.
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SIGNIFY TECHNOLOGY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line basis. Depreciation is provided on the following basis: Short-term leasehold property - Over the lease term Plant and Machinery - Over 5 years Fixtures and fittings - Over 5 years 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.
Investments in subsidiaries are measured at cost less accumulated impairment.
The Group only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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SIGNIFY TECHNOLOGY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.
Functional and presentation currency
The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. 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. On consolidation, the results of overseas operations are translated into sterling using an average rate for the year. All assets and liabilities of overseas operations are translated at the rate ruling at the reporting date. Exchange differences arising on translating the opening net assets at opening rate and the results of overseas operations at actual rate are recognised in other comprehensive income.
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SIGNIFY TECHNOLOGY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
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 Group 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 Group in independently administered funds.
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.
Amounts due in respect to invoice discounting are shown as a short term liabilities. The company can use the facility to draw down 90% of the value of sales invoices excluding VAT.
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SIGNIFY TECHNOLOGY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Judgements: There were no significant judgements made requiring disclosure. Estimates: a) Share option valuation Consideration has been made regarding the valuation of share options that have been issued historically and during the year. The Directors consider the financial impact to be immaterial in the preparation of the financial statements and therefore no associated expense has been recognised within these financial statements. b) Bad debt provision Management estimate the recoverability of trade debtors, including a provision on those which are deemed unlikely to be recovered. When assessing the requirement for such a provision, management consider factors including the current credit rating of the customer, the ageing profile of the debt and previous experience. c) Clawback provision Management have reviewed the exposure of potential clawbacks from customers for which the permanent placements have been unsuccessful. Upon review the provision was considered to be immaterial and therefore omitted from the financial statements.
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SIGNIFY TECHNOLOGY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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SIGNIFY TECHNOLOGY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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SIGNIFY TECHNOLOGY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 25
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SIGNIFY TECHNOLOGY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
10.Taxation (continued)
As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.
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SIGNIFY TECHNOLOGY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 27
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SIGNIFY TECHNOLOGY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
13.Tangible fixed assets (continued)
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SIGNIFY TECHNOLOGY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 29
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SIGNIFY TECHNOLOGY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 30
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SIGNIFY TECHNOLOGY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 31
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SIGNIFY TECHNOLOGY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
20.Deferred taxation (continued)
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SIGNIFY TECHNOLOGY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
21.Provisions (continued)
Foreign exchange reserve
Profit and loss account
The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £86,222 (2024 - £115,015). Contributions totalling £18,268 (2024 - £18,503) were payable to the fund at the reporting date and are included in creditors.
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SIGNIFY TECHNOLOGY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
During prior years, Signify Technology Group Inc advanced a loan to the director, Ryan Adams, amounting to £989,564 (approximately $1.26m). The loan is repayable over three years and carries an interest rate of 5.3% per annum.
During the year, repayments of £508,091 were made by Ryan Adams (2024: further advances of £149,459 were made). The balance outstanding at the year end was £630,932 (2024: £1,139,023). As at the year end, an amount of £209,200 was payable to Ryan Adams in respect of dividend tax withheld on his behalf for dividends declared and paid during the year.
The controlling party is R Adams.
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