Company Registration No. 10779280 (England and Wales)
Abzorb Group Ltd
Annual report and consolidated
financial statements
For the year ended 31 October 2025
ABZORB GROUP LTD
Abzorb Group Ltd
COMPANY INFORMATION
Director
S Beeby
Company number
10779280
Registered office
Armytage Road
Brighouse
West Yorkshire
HD6 1QF
Auditor
Beldenn Ltd
Empire House
11 Mulcture Hall Road
Halifax
West Yorkshire
HX1 1SP
ABZORB GROUP LTD
Abzorb Group Ltd
CONTENTS
Page
Strategic report
1 - 2
Director's report
3 - 4
Independent auditor's report
5 - 7
Group statement of comprehensive income
8
Group statement of financial position
9 - 10
Company statement of financial position
11
Group statement of changes in equity
12
Company statement of changes in equity
13
Group statement of cash flows
14
Notes to the financial statements
15 - 27
Abzorb Group Ltd
Strategic report
for the year ended 31 October 2025
- 1 -

The director presents the strategic report for the year ended 31 October 2025.

Fair review of the business

I aim to present a balanced and comprehensive review of the development and performance of the business during the year and its position at the year end. My review is consistent with the size and nature of our business and is written in the context of the opportunities and risks the group faces.

The main development in the year has been the group acquiring a stake in Revolve Communciations Limited on 29 October 2024 and therefore these accounts include the first full year of trade.

The company has also purchased a further company, Next Communications & Security Ltd which was added to the group on 3 July 2025.

Results

The profit before tax for the year is £967,948 (2024: £832,054). Net assets of the group are £6,146,088 (2024: £6,765,115).

Key performance indicators
31 Oct
31 Oct
2025
2024
Turnover
22,289,707
19,800,299
Gross profit
8,007,453
6,012,958
Gross profit margin
35.92%
30.37%
EBITDA
2,401,226
2,357,033
Cash at bank
4,328,739
2,407,323

Management are satisfied with the group trading results for the year.

Abzorb Group Ltd
Strategic report (CONTINUED)
for the year ended 31 October 2025
- 2 -
Principal risks and uncertainties

Supplier Contracts

The Group has strategic relationships with some of the UK’s largest suppliers, including those of the UK’s major network providers for mobile and fixed communications. The groups core services rely on these direct relationships. The Group carefully selects its suppliers, takes pride in maintaining strong, multi-level relationships with them and regularly reviews contractual arrangements. As a result, the Group is confident that supplier-related risks are effectively monitored and managed

Technological Changes

Being in a highly technological industry, in order to mitigate the risk that the Group may fall behind with developments that may occur, the group puts resource into continually researching market trends, nurturing relationships between existing customers and suppliers and by seeking out new and inventive partners to help develop and offer future dynamic products and services.

Key Personnel

The Group prides itself on being experts in its field, and as such, relies heavily on its personnel at all levels, be it sales, administration or technology. Whilst this reliance could pose a risk, the group alleviates this by offering strong remuneration packages, training and development and by having a positive workplace culture in order to retain and recruit staff of the highest calibre.

Regulatory Risk

The Group acknowledges that the pricing of its products and services can be affected by regulatory bodies in the UK, EU and the rest of the world. The result of this could have an impact to the Groups profitability. The group seeks to mitigate this risk by assessing the likelihood of changes and regularly reviewing the impact that these changes may have.

Credit risk

The Group seeks to manage its credit risk by dealing with well-established customers, performing regular credit checks and having a robust credit checking and onboarding process for any new and potential customers.

Going Concern

I am confident that the group has adequate resources to continue in operational existence for the foreseeable future and fully expect the Group to meet all its liabilities as and when they fall due. I continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis are disclosed in the accounting policies and notes of the financial statements.

Future developments

The Group is forecasting year on year growth on its business-as-usual activities for year ending 31 October 2026. The underlying growth will continue to be through organic sales and internal technology developments, however a further company, Next Communications & Security Ltd was added to the Group during Y/E 2025 and consequently we forecast some benefits as a result of economies of scale and cross-selling opportunities. I am therefore confident we will achieve continued growth and strong financial results in the coming year.

On behalf of the board

S Beeby
Director
20 April 2026
Abzorb Group Ltd
Director's report
for the year ended 31 October 2025
- 3 -

The director presents his annual report and financial statements for the year ended 31 October 2025.

Principal activities

The principal activity of the company continued to be that of a holding company, the principal activity of the group continued to be that of telecommunications services and supply and maintenance of telecommunication systems.

Director

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

S Beeby
Results and dividends

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £650,000. The director does not recommend payment of a further dividend.

Auditor

The auditor, , is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of director's responsibilities

The director is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

- make judgements 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 and company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Strategic report

The true group has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the group's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report.

Abzorb Group Ltd
Director's report (CONTINUED)
for the year ended 31 October 2025
- 4 -
Statement of disclosure to auditor

So far as the director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the director ha s taken all the necessary steps that he ought to have taken as a director in order to make hi msel f aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

On behalf of the board
S Beeby
Director
20 April 2026
ABZORB GROUP LTD
Abzorb Group Ltd
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ABZORB GROUP LTD
- 5 -
Opinion

We have audited the financial statements of Abzorb Group Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 October 2025 which comprise the group statement of comprehensive income, the group statement of financial position, the company statement of financial position, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 31 October 2025 and of the group's profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's 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 and 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is 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.

Opinions on other matters prescribed by the Companies Act 2006

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

- T he information given in the strategic report and the director's r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the director's report have been prepared in accordance with applicable legal requirements.

ABZORB GROUP LTD
Abzorb Group Ltd
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF ABZORB GROUP LTD
- 6 -
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 their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the director's r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the director's r esponsibilities s tatement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the parent company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Based on our understanding of the company and the sector in which it operates, our audit work considers the risk of material misstatement on the financial statements as a result of non-compliance with laws and regulations, this includes fraud. These laws and regulations include, but are not limited to, those that relate to the form and content of the financial statements, such as the Company accounting policies, the financial reporting framework and the UK Companies Act 2006.

We evaluated management incentives and opportunities for fraudulent manipulation of the financial statements and determined that the principal risks related to management bias in accounting estimates and understatement or overstatement of revenue. Our audit procedures included, but were not limited to:

- Agreement of the financial statements disclosures to underlying supporting documentation;

- Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;

- Challenging assumptions and judgements made by management in its accounting estimates or judgements, in particular in relation to contract accounting, disputes and latent defects liabilities;

- Identifying and testing journal entries to ensure they are appropriate;

- Sample testing of income and expenditure to ensure correct cut-off has been applied.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, 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, misrepresentations or through collusion.

There are inherent limitations in audit procedures, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

ABZORB GROUP LTD
Abzorb Group Ltd
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF ABZORB GROUP LTD
- 7 -

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the parent 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 parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

James Bell (Senior Statutory Auditor)
For and on behalf of Beldenn Ltd, Statutory Auditor
Chartered Accountants
Empire House
11 Mulcture Hall Road
Halifax
West Yorkshire
HX1 1SP
20 April 2026
Abzorb Group Ltd
Group Statement of comprehensive income
for the year ended 31 October 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
22,289,707
19,800,299
Cost of sales
(14,282,254)
(13,787,341)
Gross profit
8,007,453
6,012,958
Administrative expenses
(7,024,897)
(4,936,659)
Operating profit
4
982,556
1,076,299
Interest receivable and similar income
7
68,646
99,921
Interest payable and similar expenses
9
(83,255)
(82,343)
Loss on disposal of investment
10
-
(261,823)
Profit before taxation
967,947
832,054
Tax on profit
12
(706,501)
(488,829)
Profit for the financial year
25
261,446
343,225
Total comprehensive income for the year is all attributable to the owners of the parent company.
ABZORB GROUP LTD
Abzorb Group Ltd
GROUP STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2025
31 October 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
13
3,990,561
4,125,141
Total intangible assets
3,990,561
4,125,141
Tangible assets
14
1,981,726
1,572,310
5,972,287
5,697,451
Current assets
Stocks
17
22,510
43,838
Debtors
18
3,484,214
4,934,708
Cash at bank and in hand
4,328,739
2,407,323
7,835,463
7,385,869
Creditors: amounts falling due within one year
19
(6,619,363)
(5,793,865)
Net current assets
1,216,100
1,592,004
Total assets less current liabilities
7,188,387
7,289,455
Creditors: amounts falling due after more than one year
20
(977,847)
(462,763)
Provisions for liabilities
Deferred tax liability
21
64,411
61,577
(64,411)
(61,577)
Net assets
6,146,129
6,765,115
Capital and reserves
Called up share capital
22
6,536,842
6,536,842
Capital redemption reserve
23
3,720,395
2,886,809
Profit and loss reserves
25
(4,112,517)
(2,659,945)
Equity attributable to owners of the parent company
6,144,720
6,763,706
Non-controlling interests
1,409
1,409
Total equity
6,146,129
6,765,115
ABZORB GROUP LTD
Abzorb Group Ltd
GROUP STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2025
31 October 2025
- 10 -

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

The financial statements were approved and signed by the director and authorised for issue on 20 April 2026
20 April 2026
S Beeby
Director
Company registration number 10779280 (England and Wales)
ABZORB GROUP LTD
Abzorb Group Ltd
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2025
31 October 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
14
1,251,640
1,241,947
Investments
15
17,571,194
16,041,456
18,822,834
17,283,403
Current assets
Debtors
18
1,523,140
1,719,748
Cash at bank and in hand
163,355
773,170
1,686,495
2,492,918
Creditors: amounts falling due within one year
19
(3,151,397)
(2,764,061)
Net current liabilities
(1,464,902)
(271,143)
Total assets less current liabilities
17,357,932
17,012,260
Creditors: amounts falling due after more than one year
20
(734,256)
(462,763)
Provisions for liabilities
Deferred tax liability
21
4,083
4,203
(4,083)
(4,203)
Net assets
16,619,593
16,545,294
Capital and reserves
Called up share capital
22
6,536,842
6,536,842
Capital redemption reserve
23
3,720,395
2,886,809
Profit and loss reserves
25
6,362,356
7,121,643
Total equity
16,619,593
16,545,294

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £724,300 (2024 - £1,134,348 profit).

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

The financial statements were approved and signed by the director and authorised for issue on 20 April 2026
20 April 2026
S Beeby
Director
Company registration number 10779280 (England and Wales)
ABZORB GROUP LTD
Abzorb Group Ltd
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2025
- 12 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total controlling interest
Non-controlling interest
Total
Notes
£
£
£
£
£
£
Balance at 1 November 2023
6,536,842
2,171,152
(1,623,007)
7,084,987
-
7,084,987
Year ended 31 October 2024:
Profit and total comprehensive income
-
-
343,225
343,225
-
343,225
Dividends
11
-
-
(664,506)
(664,506)
-
(664,506)
Redemption of shares
22
-
715,657
(715,657)
-
0
-
-
Other movements
-
-
-
-
1,409
1,409
Balance at 31 October 2024
6,536,842
2,886,809
(2,659,945)
6,763,706
1,409
6,765,115
Year ended 31 October 2025:
Profit and total comprehensive income
-
-
261,446
261,446
-
261,446
Dividends
11
-
-
(880,432)
(880,432)
-
(880,432)
Redemption of shares
22
-
833,586
(833,586)
-
0
-
-
Balance at 31 October 2025
6,536,842
3,720,395
(4,112,517)
6,144,720
1,409
6,146,129
ABZORB GROUP LTD
Abzorb Group Ltd
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2025
- 13 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 November 2023
6,536,842
2,171,152
7,367,459
16,075,453
Year ended 31 October 2024:
Profit and total comprehensive income for the year
-
-
1,134,347
1,134,347
Dividends
11
-
-
(664,506)
(664,506)
Redemption of shares
22
-
715,657
(715,657)
-
0
Balance at 31 October 2024
6,536,842
2,886,809
7,121,643
16,545,294
Year ended 31 October 2025:
Profit and total comprehensive income
-
-
724,299
724,299
Dividends
11
-
-
(650,000)
(650,000)
Redemption of shares
22
-
833,586
(833,586)
-
0
Balance at 31 October 2025
6,536,842
3,720,395
6,362,356
16,619,593
Abzorb Group Ltd
Group Statement of Cash Flows
for the year ended 31 October 2025
- 14 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
29
5,182,709
338,989
Interest paid
(83,255)
(100,857)
Income taxes paid
(637,965)
(301,119)
Net cash inflow/(outflow) from operating activities
4,461,489
(62,987)
Investing activities
Purchase of business
-
(246,967)
Purchase of intangible assets
(1,207,543)
-
Purchase of tangible fixed assets
(507,515)
(138,019)
Proceeds from disposal of tangible fixed assets
35,277
-
(Increase)/decrease in directors loans
(321,643)
13,511
Interest received
68,646
99,921
Net cash used in investing activities
(1,932,778)
(271,554)
Financing activities
Repayment of preference shares
(833,586)
(715,657)
Repayment of bank loans
1,116,683
-
Increase in hire purchase obligations
(9,960)
-
Dividends paid to equity shareholders
(880,432)
(664,506)
Net cash used in financing activities
(607,295)
(1,380,163)
Net increase/(decrease) in cash and cash equivalents
1,921,416
(1,714,704)
Cash and cash equivalents at beginning of year
2,407,323
4,122,027
Cash and cash equivalents at end of year
4,328,739
2,407,323
Abzorb Group Ltd
Notes to the financial statements
for the year ended 31 October 2025
- 15 -
1
Accounting policies
Company information

Abzorb Group Ltd (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Armytage Road, Brighouse, West Yorkshire, HD6 1QF.

The group consists of Abzorb Group Ltd and all of its subsidiaries.

Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

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

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

Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Abzorb Group Ltd together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 31 October 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover is recognised on the provision of service obligations where a right to consideration is due.

Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Abzorb Group Ltd
Notes to the financial statements (CONTINUED)
for the year ended 31 October 2025
1
Accounting policies
(Continued)
- 16 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciation
Fixtures, fittings & IT Equipment
25% reducing balance
Computers
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the income statement.

Fixed asset investments

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Cash at bank and in hand

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

Current tax

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

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Retirement benefits

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

Leases

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

Abzorb Group Ltd
Notes to the financial statements (CONTINUED)
for the year ended 31 October 2025
1
Accounting policies
(Continued)
- 17 -
Foreign exchange

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

2
Judgements and key sources of estimation uncertainty

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

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

3
Turnover

The group's turnover all derives from it's principal activity within the UK.

2025
2024
£
£
Turnover analysed by class of business
Rendering of services
20,587,560
17,622,470
Kit sales
1,546,144
1,971,162
Management charges received
156,003
206,667
22,289,707
19,800,299
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging/(crediting):
Exchange gains
(4)
-
0
Depreciation of owned tangible fixed assets
76,547
55,922
Profit on disposal of tangible fixed assets
(13,725)
-
Amortisation of intangible assets
1,342,123
1,224,812

Exchange differences recognised in profit or loss during the year, except for those arising on financial instruments measured at fair value through profit or loss, amounted to £4 (2024 - £0).

Abzorb Group Ltd
Notes to the financial statements (CONTINUED)
for the year ended 31 October 2025
- 18 -
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Group and company
10,000
10,000
Subsidiaries
30,000
14,000
40,000
24,000
6
Employees

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

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Sales and administration
82
73
-
-
Directors
1
1
1
1
Total
83
74
1
1

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
3,356,658
2,710,746
-
0
-
0
Social security costs
1,846
-
-
-
Pension costs
190,671
49,161
-
0
-
0
3,549,175
2,759,907
-
0
-
0
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
52,250
86,223
Other interest income
16,396
13,698
Total income
68,646
99,921
Abzorb Group Ltd
Notes to the financial statements (CONTINUED)
for the year ended 31 October 2025
- 19 -
8
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss
190,671
49,161

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

9
Interest payable and similar expenses
2025
2024
£
£
Interest on bank overdrafts and loans
40,550
-
Other interest on financial liabilities
42,414
-
Interest on finance leases and hire purchase contracts
994
-
Interest paid on deferred consideration
(703)
82,343
Total finance costs
83,255
82,343
10
Amounts written off investments
2025
2024
£
£
Loss on disposal of subsidiary
-
(261,823)
11
Dividends
2025
2024
£
£
Interim paid
650,000
664,506
12
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
704,855
568,717
Adjustments in respect of prior periods
-
0
(97,216)
Total current tax
704,855
471,501
Deferred tax
Origination and reversal of timing differences
1,646
17,328
Total tax charge
706,501
488,829
Abzorb Group Ltd
Notes to the financial statements (CONTINUED)
for the year ended 31 October 2025
12
Taxation
(Continued)
- 20 -

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

2025
2024
£
£
Profit before taxation
967,947
832,054
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
241,987
208,014
Tax effect of expenses that are not deductible in determining taxable profit
461,189
6,251
Adjustments in respect of prior years
-
0
(97,216)
Deferred tax adjustments in respect of prior years
3,447
-
0
Goodwill amortisation
-
0
306,203
Loss on disposal of subsidiary
-
0
65,577
Taxation charge
706,623
488,829
Taxation charge in the financial statements
706,501
488,829
Reconciliation - the current year tax charge does not reconcile to the above analysis. Please review figures in the database.
122
-
Abzorb Group Ltd
Notes to the financial statements (CONTINUED)
for the year ended 31 October 2025
- 21 -
13
Intangible fixed assets
Group
Goodwill
£
Cost
At 1 November 2024
12,515,504
Additions
1,207,543
At 31 October 2025
13,723,047
Amortisation and impairment
At 1 November 2024
8,390,363
Amortisation charged for the year
1,342,123
At 31 October 2025
9,732,486
Carrying amount
At 31 October 2025
3,990,561
At 31 October 2024
4,125,141
The company had no intangible fixed assets at 31 October 2025 or 31 October 2024.
14
Tangible fixed assets
Group
Freehold land and buildings
Fixtures, fittings & IT equipment
Fixtures, fittings & IT Equipment
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost or valuation
At 1 November 2024
1,234,219
522,114
-
0
-
0
131,282
1,887,615
Additions
11,625
42,268
2,120
959
94,019
150,991
Business combinations
356,524
-
0
-
0
-
0
-
0
356,524
Disposals
-
0
-
0
-
0
-
0
(58,385)
(58,385)
At 31 October 2025
1,602,368
564,382
2,120
959
166,916
2,336,745
Depreciation and impairment
At 1 November 2024
-
0
277,422
-
0
-
0
37,883
315,305
Depreciation charged in the year
-
0
38,677
-
0
-
0
37,870
76,547
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(36,833)
(36,833)
At 31 October 2025
-
0
316,099
-
0
-
0
38,920
355,019
Carrying amount
At 31 October 2025
1,602,368
248,283
2,120
959
127,996
1,981,726
At 31 October 2024
1,234,219
244,692
-
0
-
0
93,399
1,572,310
Abzorb Group Ltd
Notes to the financial statements (CONTINUED)
for the year ended 31 October 2025
14
Tangible fixed assets
(Continued)
- 22 -
Company
Freehold land and buildings
Fixtures, fittings & IT Equipment
Total
£
£
£
Cost or valuation
At 1 November 2024
1,234,219
7,728
1,241,947
Additions
11,625
-
0
11,625
At 31 October 2025
1,245,844
7,728
1,253,572
Depreciation and impairment
At 1 November 2024
-
0
-
0
-
0
Depreciation charged in the year
-
0
1,932
1,932
At 31 October 2025
-
0
1,932
1,932
Carrying amount
At 31 October 2025
1,245,844
5,796
1,251,640
At 31 October 2024
1,234,219
7,728
1,241,947

The fair value of the freehold land and buildings on it becoming a group asset was determined by the director at a market value of £1,200,000. In the opinion of the director the value of the property remains valid as at 31 October 20 25.

15
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
16
-
0
-
0
17,571,194
16,041,456
Abzorb Group Ltd
Notes to the financial statements (CONTINUED)
for the year ended 31 October 2025
- 23 -
16
Subsidiaries

The company holds the ordinary share capital of the following companies incorporated in UK:

Name of undertaking
Address
Class of
shares held
% Held
Abzorb Ltd
1
Ordinary
100
Abzorb Services Ltd
1
Ordinary
100
Abzorb Solutions Ltd
1
Ordinary
100
Abzorb Systems Ltd
1
Ordinary
100
Revolve Communications Ltd
2
Ordinary
85

Registered office addresses (all UK unless otherwise indicated):

1
Armytage Road, Brighouse, West Yorkshire, HD6 1QF
2
Flux Unit 11 Waters Edge, Dundee, DD1 3HY

During the year the group acquired a stake in Revolve Communciations Limited on 29 October 2024 for £537,200.

During the year, an investment in Abzorb Data Ltd was written off. This company was dissolved on 9 July 2024.

17
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Finished goods and goods for resale
22,510
43,838
-
0
-
0
18
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
1,466,026
1,354,457
354,670
262,667
Other debtors
1,253,392
2,646,502
1,168,470
1,457,081
Prepayments and accrued income
764,796
933,749
-
0
-
0
3,484,214
4,934,708
1,523,140
1,719,748
Abzorb Group Ltd
Notes to the financial statements (CONTINUED)
for the year ended 31 October 2025
- 24 -
19
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans
164,104
-
0
164,104
-
0
Obligations under hire purchase
10,134
45,362
-
0
-
0
Preference shares
22
462,763
833,586
462,763
833,586
Trade creditors
1,412,448
3,406,783
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
2,167,808
1,838,048
Corporation tax payable
534,803
469,101
938
52,285
Other taxation and social security
893,284
220,710
5,344
8,667
Other creditors
2,706,463
89,965
320,744
8,079
Accruals and deferred income
435,364
728,358
29,696
23,396
6,619,363
5,793,865
3,151,397
2,764,061

Obligations under hire purchase are secured against the assets to which they relate.

20
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
952,579
-
0
734,256
-
0
Obligations under finance leases
25,268
-
0
-
0
-
0
Preference shares
22
-
0
462,763
-
0
462,763
977,847
462,763
734,256
462,763
21
Deferred taxation

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

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
64,411
61,577
Liabilities
Liabilities
2025
2024
Company
£
£
Accelerated capital allowances
4,083
4,203
Abzorb Group Ltd
Notes to the financial statements (CONTINUED)
for the year ended 31 October 2025
21
Deferred taxation
(Continued)
- 25 -
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 November 2024
61,577
4,203
Charge/(credit) to profit or loss
2,834
(120)
Liability at 31 October 2025
64,411
4,083

22
Share capital
Group and company
2025
2024
Ordinary share capital
£
£
Issued and fully paid
6,210,000 Ordinary shares of £1 each
6,210,000
6,210,000
326,842 A Ordinary shares of £1 each
326,842
326,842
6,536,842
6,536,842
Preference share capital
Issued and fully paid
462,763 (2024: 1,296,349) Preference shares of £1 each
462,763
1,296,349
Preference shares classified as liabilities
462,763
1,296,349
23
Capital redemption reserve
Group
Company
2025
2024
2025
2024
£
£
£
£
At the beginning of the year
2,886,809
2,171,152
2,886,809
2,171,152
Transfers
833,586
715,657
833,586
715,657
At the end of the year
3,720,395
2,886,809
3,720,395
2,886,809
Abzorb Group Ltd
Notes to the financial statements (CONTINUED)
for the year ended 31 October 2025
- 26 -
24
Operating lease commitments
Lessee

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

Group
Company
2025
2024
2025
2024
£
£
£
£
Within one year
12,957
13,461
-
-
Between two and five years
16,058
1,560
-
-
29,015
15,021
-
-
25
Profit and loss reserves
Group
Company
2025
2024
2025
2024
£
£
£
£
At the beginning of the year
(2,659,945)
(1,623,007)
7,121,643
7,367,459
Profit for the year
261,446
343,225
724,299
1,134,347
Dividends
(880,432)
(664,506)
(650,000)
(664,506)
Share redemption or reduction
(833,586)
(715,657)
(833,586)
(715,657)
At the end of the year
(4,112,517)
(2,659,945)
6,362,356
7,121,643
26
Related party transactions

During the year the group made the following arms length transactions with Abzorb U Ltd a company which S Beeby is a director and shareholder in its holding company:

Sales of £992,795 (2024: £883,540) and purchase of goods and services £9,345,108 (2024: £5,033,666).

At 31 October 2025, the amount due from Abzorb U Ltd to the group was £2,154,637 (2024: (£1,143,820)).

At 31 October 202 5 Hall and Rhodes Holdings Ltd owed Abzorb Group Ltd £808,120 (202 4 : £808,120).

S Beeby is a director of Hall and Rhodes Holdings Ltd.

27
Directors' transactions

Advances or credits have been granted by the group to its directors as follows:

28
Controlling party

S Beeby, the director of the company, controls the company as a result of his direct holding of issued ordinary shares.

Abzorb Group Ltd
Notes to the financial statements (CONTINUED)
for the year ended 31 October 2025
- 27 -
29
Cash generated from group operations
2025
2024
£
£
Profit for the year after tax
261,446
343,225
Adjustments for:
Taxation charged
706,501
488,829
Finance costs
83,255
82,343
Investment income
(68,646)
(99,921)
Gain on disposal of tangible fixed assets
(13,725)
-
Amortisation and impairment of intangible assets
1,342,123
1,224,812
Depreciation and impairment of tangible fixed assets
76,547
55,922
Loss on disposal of subsidiary
-
261,823
Movements in working capital:
Decrease/(increase) in stocks
21,328
(5,732)
Decrease/(increase) in debtors
1,772,137
(588,201)
Increase/(decrease) in creditors
1,001,743
(1,424,111)
Cash generated from operations
5,182,709
338,989
30
Analysis of changes in net funds - group
1 November 2024
Cash flows
31 October 2025
£
£
£
Cash at bank and in hand
2,407,323
1,921,416
4,328,739
Borrowings excluding overdrafts
(1,296,349)
(283,097)
(1,579,446)
Obligations under finance leases
(45,362)
9,960
(35,402)
1,065,612
1,648,279
2,713,891
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