REGISTERED NUMBER: 07252867 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

CTRLPRINT UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J H Karlsson

E D Wangerid

REGISTERED OFFICE:

10 John Street

London

WC1N 2EB

REGISTERED NUMBER:

07252867 (England and Wales)

AUDITORS:

Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Intangible assets

4

2,320

5,341

Tangible assets

5

12,421

3,356

14,741

8,697

CURRENT ASSETS

Debtors

6

1,750,833

925,149

Cash at bank

346,581

555,881

2,097,414

1,481,030

CREDITORS

Amounts falling due within one year

7

1,829,281

2,962,271

NET CURRENT ASSETS/(LIABILITIES)

268,133

(1,481,241

)

TOTAL ASSETS LESS CURRENT LIABILITIES

282,874

(1,472,544

)

CAPITAL AND RESERVES

Called up share capital

9

2,000

2,000

Retained earnings

10

280,874

(1,474,544

)

SHAREHOLDERS' FUNDS

282,874

(1,472,544

)

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

E D Wangerid - Director

1.	STATUTORY INFORMATION

Ctrlprint UK 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 Company Information page.

The trading address of the company is Belle House, 1 Hudson Place, Unit 2 Platform, London, SW1V 1JT.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

In the prior year the company's accounting year-end was extended to 31 December to align the reporting period with fellow group companies. As a result, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

Going concern

The parent company, CtrlPrint AB, has confirmed that they will continue to support CtrlPrint UK Ltd for a period of at least twelve months and one day following the signing of the audit report attached to these financial statements. As such the directors have used the going concern basis in preparing the financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Changes in accounting policies

Historically, the company has recognised revenue from main licence contracts at the point of invoicing which was the time at which access was granted to the customer.

However, over time the service has evolved to include continuous enhancements, ongoing updates, training and training support during the year. This represents a continual service rather than a one-off transfer at inception. Following a review, the directors concluded that the existing service no longer reflected the pattern of service delivery.

Revenue is now recognised on a straight-line basis over the lifetime of the licence period, providing a more accurate representation of the transfer of services to customers.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when it is probable that economic benefits will flow to the company and the amount can be measured reliably. Revenue from subscription-based software services is recognised on a straight-line basis over the period in which the services are provided, being the term of the licence. Revenue from other services is recognised at the point in time when the service is performed.

Intangible assets

Intangible assets are initially recognised at cost and amortised over their estimated useful life of 5 years on a straight-line basis.

Tangible fixed assets

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

Depreciation is provided at the following annual rates in order to write off each asset over its useful estimated life:

Plant and machinery etc - straight line over 3 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Basic Financial Instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any Other Financial Instruments, as covered by Section 12 of FRS 102.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

15,347

AMORTISATION

At 1 January 2025

10,006

Charge for year

3,021

At 31 December 2025

13,027

NET BOOK VALUE

At 31 December 2025

2,320

At 31 December 2024

5,341

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

30,915

Additions

12,541

At 31 December 2025

43,456

DEPRECIATION

At 1 January 2025

27,559

Charge for year

3,476

At 31 December 2025

31,035

NET BOOK VALUE

At 31 December 2025

12,421

At 31 December 2024

3,356

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

as restated

£

£

Trade debtors

793,128

871,175

Amounts owed by group undertakings

507,400

-

Other debtors

450,305

53,974

1,750,833

925,149

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

as restated

£

£

Trade creditors

6,761

3,423

Amounts owed to group undertakings

-

732,333

Taxation and social security

141,481

430,788

Other creditors & accruals

1,681,039

1,795,727

1,829,281

2,962,271

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

as restated

£

£

Within one year

96,980

87,924

Between one and five years

84,660

-

181,640

87,924

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

as restated

£

£

2,000

Ordinary

£1

2,000

2,000

10.

RESERVES

Retained

earnings

£

At 1 January 2025

(1,474,544

)

Profit for the year

1,755,418

At 31 December 2025

280,874

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Emma Crowley (Senior Statutory Auditor)

for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-

"Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors 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."

12.	ULTIMATE PARENT COMPANY

13.	PRIOR YEAR ADJUSTMENT

Comparative figures have been restated following a review of the company's revenue recognition policy. Revenue is now recognised over time as services are delivered, rather than at a point in time. The effect of this adjustment is to reduce retained earnings at the beginning of the year by £1,822,358. Comparative revenue and profit for the prior year have each been reduced by £1,822,358.