Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 true Provision of computer systems and software for the parking industry and the management of voucher parking systems and the back-office management of parking and traffic enforcement.76 true true true true true true true true 79 false 2025-01-01 false 02023383 2025-01-01 2025-12-31 02023383 2024-01-01 2024-12-31 02023383 2025-12-31 02023383 2024-12-31 02023383 2024-01-01 02023383 3 2025-01-01 2025-12-31 02023383 3 2024-01-01 2024-12-31 02023383 d:CompanySecretary1 2025-01-01 2025-12-31 02023383 d:Director4 2025-01-01 2025-12-31 02023383 d:Director6 2025-01-01 2025-12-31 02023383 d:RegisteredOffice 2025-01-01 2025-12-31 02023383 e:Buildings 2025-12-31 02023383 e:Buildings 2024-12-31 02023383 e:PlantMachinery 2025-01-01 2025-12-31 02023383 e:PlantMachinery 2025-12-31 02023383 e:PlantMachinery 2024-12-31 02023383 e:PlantMachinery e:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 02023383 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 02023383 e:MotorVehicles 2025-01-01 2025-12-31 02023383 e:MotorVehicles 2025-12-31 02023383 e:MotorVehicles 2024-12-31 02023383 e:MotorVehicles e:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 02023383 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 02023383 e:FurnitureFittings 2025-01-01 2025-12-31 02023383 e:FurnitureFittings 2025-12-31 02023383 e:FurnitureFittings 2024-12-31 02023383 e:FurnitureFittings e:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 02023383 e:FurnitureFittings e:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 02023383 e:OfficeEquipment 2025-01-01 2025-12-31 02023383 e:ComputerEquipment 2025-01-01 2025-12-31 02023383 e:ComputerEquipment 2025-12-31 02023383 e:ComputerEquipment 2024-12-31 02023383 e:ComputerEquipment e:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 02023383 e:ComputerEquipment e:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 02023383 e:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 02023383 e:OtherPropertyPlantEquipment 2025-12-31 02023383 e:OtherPropertyPlantEquipment 2024-12-31 02023383 e:OtherPropertyPlantEquipment e:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 02023383 e:OtherPropertyPlantEquipment e:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 02023383 e:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 02023383 e:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 02023383 e:CurrentFinancialInstruments 2025-12-31 02023383 e:CurrentFinancialInstruments 2024-12-31 02023383 e:Non-currentFinancialInstruments 2025-12-31 02023383 e:Non-currentFinancialInstruments 2024-12-31 02023383 e:Non-currentFinancialInstruments 3 2025-12-31 02023383 e:Non-currentFinancialInstruments 3 2024-12-31 02023383 e:CurrentFinancialInstruments e:WithinOneYear 2025-12-31 02023383 e:CurrentFinancialInstruments e:WithinOneYear 2024-12-31 02023383 e:Non-currentFinancialInstruments e:AfterOneYear 2025-12-31 02023383 e:Non-currentFinancialInstruments e:AfterOneYear 2024-12-31 02023383 e:ReportableOperatingSegment1 2025-01-01 2025-12-31 02023383 e:ReportableOperatingSegment1 2024-01-01 2024-12-31 02023383 e:ReportableOperatingSegment2 2025-01-01 2025-12-31 02023383 e:ReportableOperatingSegment2 2024-01-01 2024-12-31 02023383 e:UKTax 2025-01-01 2025-12-31 02023383 e:UKTax 2024-01-01 2024-12-31 02023383 e:ShareCapital 2025-12-31 02023383 e:ShareCapital 2024-12-31 02023383 e:ShareCapital 2024-01-01 02023383 e:SharePremium 2025-01-01 2025-12-31 02023383 e:SharePremium 2025-12-31 02023383 e:SharePremium 2024-12-31 02023383 e:SharePremium 2024-01-01 02023383 e:CapitalRedemptionReserve 2025-01-01 2025-12-31 02023383 e:CapitalRedemptionReserve 2025-12-31 02023383 e:CapitalRedemptionReserve 2024-12-31 02023383 e:CapitalRedemptionReserve 2024-01-01 02023383 e:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 02023383 e:RetainedEarningsAccumulatedLosses 2025-12-31 02023383 e:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 02023383 e:RetainedEarningsAccumulatedLosses 2024-12-31 02023383 e:RetainedEarningsAccumulatedLosses 2024-01-01 02023383 e:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2025-12-31 02023383 e:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-12-31 02023383 e:FinancialAssetsAmortisedCost 2025-12-31 02023383 e:FinancialAssetsAmortisedCost 2024-12-31 02023383 e:FinancialLiabilitiesAmortisedCost 2025-12-31 02023383 e:FinancialLiabilitiesAmortisedCost 2024-12-31 02023383 e:AcceleratedTaxDepreciationDeferredTax 2025-12-31 02023383 e:AcceleratedTaxDepreciationDeferredTax 2024-12-31 02023383 e:TaxLossesCarry-forwardsDeferredTax 2025-12-31 02023383 e:TaxLossesCarry-forwardsDeferredTax 2024-12-31 02023383 d:OrdinaryShareClass1 2025-01-01 2025-12-31 02023383 d:OrdinaryShareClass1 2025-12-31 02023383 d:OrdinaryShareClass1 2024-12-31 02023383 d:FRS101 2025-01-01 2025-12-31 02023383 d:Audited 2025-01-01 2025-12-31 02023383 d:FullAccounts 2025-01-01 2025-12-31 02023383 d:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 02023383 2 2025-01-01 2025-12-31 02023383 9 2025-01-01 2025-12-31 02023383 11 2025-01-01 2025-12-31 02023383 13 2025-01-01 2025-12-31 02023383 e:CurrentFinancialInstruments 7 2025-12-31 02023383 e:CurrentFinancialInstruments 7 2024-12-31 02023383 e:Buildings e:Right-of-useAssets 2025-01-01 2025-12-31 02023383 e:Buildings e:Right-of-useAssets 2024-01-01 2024-12-31 02023383 e:PlantMachinery e:Right-of-useAssets 2025-01-01 2025-12-31 02023383 e:PlantMachinery e:Right-of-useAssets 2024-01-01 2024-12-31 02023383 e:MotorVehicles e:Right-of-useAssets 2025-01-01 2025-12-31 02023383 e:MotorVehicles e:Right-of-useAssets 2024-01-01 2024-12-31 02023383 e:Right-of-useAssets 2025-01-01 2025-12-31 02023383 e:Right-of-useAssets 2024-01-01 2024-12-31 02023383 e:WithinOneYear 2025-12-31 02023383 e:WithinOneYear 2024-12-31 02023383 e:BetweenOneFiveYears 2025-12-31 02023383 e:BetweenOneFiveYears 2024-12-31 02023383 f:PoundSterling 2025-01-01 2025-12-31 02023383 g:UnitedKingdom 2025-01-01 2025-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 02023383 IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED COMPANY INFORMATION
Directors | A M Bijster
| R P Clay
Company secretary | C Sidhu
Registered number | 02023383
Registered office | Century House
| 1 The Lakes
| Northampton
| NN4 7HD
Independent auditor | James Cowper Kreston Audit
| Chartered Accountants and Statutory Auditor
| 2 Communications Road
| Greenham Business Park
| Greenham
| Newbury
| Berkshire
| RG19 6AB
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED CONTENTS
| Page
Strategic report | 1 - 2
Directors' report | 3 - 4
Independent auditor's report | 5 - 7
Statement of comprehensive income | 8
Balance sheet | 9 - 10
Statement of changes in equity | 11
Notes to the financial statements | 12 - 28
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED STRATEGIC REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
Introduction
The directors present their strategic report for the year ended 31 December 2025.
Business review
Imperial Civil Enforcement Solutions Limited (hereafter "the Company") is a provider of computer software and back office services for the enforcement of parking, permitting, environmental, clean air and tolling systems. The Company’s performance was consistent with the prior financial year which saw an increase in gross margin from £9.6m at 31 December 2024 compared to £10.1m at 31 December 2025. During the year, the Company won a number of new contracts, as well as the expansion of existing contracts, enabling continued growth. The Company's objectives The board sees the main business objective as delivering sustainable, responsible and profitable business growth in order to deliver: • Consultancy and training • Software solutions to the enforcement and smart city sectors • Managed services
The Company's strategy and future plans
The Company’s future strategy is to: ∙Expand existing activities where suitable opportunities arise, including AIdriven solutions that support new regulatory and transport initiativesContinue to develop innovative software and services for the enforcement and smart city sectors, including the increased use of artificial intelligence (“AI”) to enhance efficiency, accuracy and scalability ∙Increase current levels of profitability through operational automation, improved data insights and more efficient service delivery ∙Provide excellent customer service by leveraging AIenabled tools to improve response times, compliance outcomes and customer reporting ∙Expand existing activities where suitable opportunities arise, including AIdriven solutions that support new regulatory and transport initiatives The Company recognises AI as an important enabler of future growth. AI technologies are being incorporated into product development and internal operations to support better decisionmaking, reduce manual processing, and enhance the value delivered to customers. Page 1
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Principal risks and uncertainties
The material business risk faced by the Company that are likely to have an effect on the financial prospects of the Company are outlined below: Revenue risk The Company specialises in computer consultancy within the parking and related business sector. It is reliant on the uptake of these services and therefore changes in the level of activity are likely to affect results. The Company has particular expertise in this area with the superior software products that the directors are confident will ensure growth in the future by increasing its market share at the expense of other competitors. Cost levels are also being monitored to ensure adequate return is received. Liquidity risk The Company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably. Credit risk The company’s principal financial assets are cash and trade debtors. The credit risk associated with cash balances is limited despite the current economic conditions. The directors continue to closely monitor bank credit worthiness. .
Financial key performance indicators
The directors use the key performance indicators defined by our group to manage the business. The key performance indicators are sales, growth, gross margin and EBITDA. The directors consider that the performance of the business is in accordance with these metrics was acceptable. The results for the year were as follows: 31 December 2024 31 December 2025 Sales £13.4m £15.5m Sales growth 11.7% 15.0% Gross margin £9.6m £10.1m EBITDA £3.3m £4.5m This report was approved by the board and signed on its behalf.
................................................ A M Bijster Director
Date: 15 July 2026
Page 2
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS 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.
Directors
The directors who served during the year were:
A M Bijster
R P Clay
Directors' responsibilities statement
The directors are responsible for preparing the Strategic report, the Directors' report and the 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 101 ‘Reduced Disclosure Framework’. 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 of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies and then apply them consistently; ∙make judgments and accounting estimates that are reasonable and prudent; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company 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 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Results and dividends
The profit for the year, after taxation, amounted to £3,384,700 (2024 - £2,830,814). No dividend was paid during the year (2024: £nil)
Disclosure of information to auditor
Each of the persons who are directors at the time when this Directors' report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information. Page 3
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Auditor
The auditor, James Cowper Kreston Audit, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. This report was approved by the board and signed on its behalf.
................................................ A M Bijster Director
Date: 15 July 2026
Page 4
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED
Opinion
We have audited the financial statements of Imperial Civil Enforcement Solutions Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of comprehensive income, the Balance sheet, the 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 101 ‘Reduced Disclosure Framework’ (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: ∙give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its 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 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.
Conclusions relating to going concern
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 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.
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 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. Page 5
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED (CONTINUED)
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit: ∙the information given in the 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 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 Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report. 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, or returns adequate for our audit have not been received from branches not visited by us; or ∙the 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 directors
As explained more fully in the Directors' responsibilities statement set out on page 3, the directors are 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 directors determine 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 directors are responsible for assessing the 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 directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. Page 6
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED (CONTINUED)
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. 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 or misrepresentation. The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows: ∙Enquiry of management and those charged with governance around actual and potential litigation and claims; ∙Enquiry of management and those charged with governance to identify any material instances of non-compliance with laws and regulations; ∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; ∙Performing audit work to address the risk of irregularities due to management override of controls, including testing journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence of bias. 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 Auditor's report.
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 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 Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed. Jonathan Baillie BA (Hons) ACA FCCA (Senior Statutory Auditor) for and on behalf of James Cowper Kreston Audit Chartered Accountants and Statutory Auditor 2 Communications Road Greenham Business Park Greenham Newbury Berkshire RG19 6AB 17 July 2026 Page 7
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2025
| 2025 | 2024
Note | £ | £
Turnover | 4 | 15,469,297 | 13,448,469
Cost of sales |  | (5,369,783) | (3,842,502)
Gross profit |  | 10,099,514 | 9,605,967
Administrative expenses |  | (5,750,125) | (6,354,680)
Operating profit | 5 | 4,349,389 | 3,251,287
Interest receivable and similar income |  | - | 170
Interest payable and similar expenses | 9 | (1,822) | (14,195)
Profit before tax |  | 4,347,567 | 3,237,262
Tax on profit | 10 | (962,867) | (406,448)
Profit for the financial year |  | 3,384,700 | 2,830,814
There was no other comprehensive income for 2025 (2024:£NIL).
The notes on pages 12 to 28 form part of these financial statements.
Page 8
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED REGISTERED NUMBER: 02023383 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 11 |  | 162,823 |  | 261,713
|  |  | 162,823 |  | 261,713
Current assets |  |  |  |  |
Stocks | 12 | 20,189 |  | 19,448 |
Debtors: amounts falling due within one year | 13 | 16,617,421 |  | 11,129,743 |
Cash at bank and in hand | 14 | 611,992 |  | 750,314 |
|  | 17,249,602 |  | 11,899,505 |
Creditors: amounts falling due within one year | 15 | (7,570,493) |  | (5,697,613) |
Net current assets |  |  | 9,679,109 |  | 6,201,892
Total assets less current liabilities |  |  | 9,841,932 |  | 6,463,605
Creditors: amounts falling due after more than one year | 16 |  | (43,062) |  | (49,014)
|  |  | 9,798,870 |  | 6,414,591
Provisions for liabilities |  |  |  |  |
Deferred taxation | 19 | (12,629) |  | (13,050) |
Net assets |  |  | 9,786,241 |  | 6,401,541
Capital and reserves |  |  |  |  |
Called up share capital | 20 |  | 1,233,905 |  | 1,233,905
Share premium account | 21 |  | 210,426 |  | 210,426
Capital redemption reserve | 21 |  | 48 |  | 48
Profit and loss account | 21 |  | 8,341,862 |  | 4,957,162
|  |  | 9,786,241 |  | 6,401,541
Page 9
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED REGISTERED NUMBER: 02023383 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025 The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ A M Bijster
Director
Date: 15 July 2026
The notes on pages 12 to 28 form part of these financial statements. Page 10
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2025
| Called up share capital | Share premium account | Capital redemption reserve | Profit and loss account | Total equity
| £ | £ | £ | £ | £
At 1 January 2025 | 1,233,905 | 210,426 | 48 | 4,957,162 | 6,401,541
Profit for the year | - | - | - | 3,384,700 | 3,384,700
At 31 December 2025 | 1,233,905 | 210,426 | 48 | 8,341,862 | 9,786,241
| The notes on pages 12 to 28 form part of these financial statements.
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2024
| Called up share capital | Share premium account | Capital redemption reserve | Profit and loss account | Total equity
| £ | £ | £ | £ | £
At 1 January 2024 | 1,233,905 | 210,426 | 48 | 2,126,348 | 3,570,727
Profit for the year | - | - | - | 2,830,814 | 2,830,814
At 31 December 2024 | 1,233,905 | 210,426 | 48 | 4,957,162 | 6,401,541
| The notes on pages 12 to 28 form part of these financial statements.
Page 11
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Imperial Civil Enforcement Solutions Limited is a private company, limited by shares, incorporated in England and Wales. The registered office is Century House, 1 The Lakes, Northampton, NN4 7HD. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
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 101 'Reduced Disclosure Framework' and the Companies Act 2006. The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Financial Reporting Standard 101 - reduced disclosure exemptions
The Company has taken advantage of the following disclosure exemptions under FRS 101: ∙the requirements of IFRS 7 Financial Instruments: Disclosures ∙the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to (c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers ∙the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of IFRS 16 Leases. The requirements of paragraph 58 of IFRS 16, provided that the disclosure of details in indebtedness relating to amounts payable after 5 years required by company law is presented separately for lease liabilities and other liabilities, and in total ∙the requirement in paragraph 38 of IAS 1 'Presentation of Financial Statements' to present comparative information in respect of: - paragraph 79(a)(iv) of IAS 1; - paragraph 73(e) of IAS 16 Property, Plant and Equipment; - paragraph 118(e) of IAS 38 Intangible Assets; ∙the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134-136 of IAS 1 Presentation of Financial Statements ∙the requirements of IAS 7 Statement of Cash Flows ∙the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures ∙the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member This information is included in the consolidated financial statements of Constellation Software Inc. as at 31 December 2025 and these financial statements may be obtained from www.csisoftware.com/category/stat-filings.
| 2.3 | Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. Page 12
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Foreign currency translation
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. 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 except when deferred in other comprehensive income as qualifying cash flow hedges. 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'.
| 2.5 | Revenue
Revenue comprises the fair value of the consideration received or receivable for the sale of goods and services in the ordinary course of the Company's activities. Revenue is shown net of value added tax, returns, rebates and discounts. To determine whether to recognise revenue, the Company follows a 5-step process: 1. Identifying the contract with the customer 2. Identifying the performance obligations 3. Determining the transaction price 4. Allocating the transaction price to the performance obligations 5. Recognising revenue when/as performance obligations(s) are satisfied. Software licences and hardware sales are recognised when the customer obtains the control of the asset, which is on delivery of the asset. When delivery of goods is delayed at the buyers request, the customer specifically acknowledges the deferred delivery instructions and the usual payment terms apply; revenue is recognised when the customer takes title of the goods. SaaS licences are recognised ratebly over the life of the licence from the go live date. For professional services provided on a fixed term basis, revenue is recognised on the stage of completion, which is based on the actual hours spent relative to the total expected hours to complete the project. Maintenance and warranty renewals are recognised rateably over the period of the contract. When a contract consists of various components that operate independently of each other, the Company recognises revenue for each component as if it was an individual contract. Page 13
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.6 | Leases
The Company as a lessee The Company assesses whether a contract is or contains a lease, at inception of a contract. The Company recognises a right-of-use asset and a corresponding lease liability with respect to all lease agreements in which it is the lessee, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low value assets. For these leases, the Company recognises the lease payments as an operating expense on a straight-line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate. The lease liability is included in 'Creditors' on the Balance sheet. The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made. The Company did not make any such adjustments during the periods presented. The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day and any initial direct costs. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease. The right-of-use assets are included in the 'Intangible Assets', 'Tangible Fixed Assets' and 'Investment Property' lines, as applicable, in the Balance sheet. The Company applies IAS 36 to determine whether a right-of-use asset is impaired and accounts for any identified impairment loss as described in note 2.11. As a practical expedient, IFRS 16 permits a lessee not to separate non-lease components, and instead account for any lease and associated non-lease components as a single arrangement. The Company has used this practical expedient.
| 2.7 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.8 | Finance costs
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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 14
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.9 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company 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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.10 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.11 | Tangible fixed assets
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. At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Page 15
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.11 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Hosting hardware | - | 25% to 33%
|  |  |  | Fixtures and fittings | - | 10% to 25%
|  |  |  | Plant and Machinery | - | 100%
|  |  |  | Right-of-use assets | - | Life of lease
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.
| 2.12 | Stocks
Stocks are stated at the lower of cost and estimate selling price less costs to complete and sell. Cost comprises direct materials.
| 2.13 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable 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.
| 2.14 | Cash and cash equivalents
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.
| 2.15 | Creditors
Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.
| 2.16 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. Page 16
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.17 | Financial instruments
The Company recognises financial instruments when it becomes a party to the contractual arrangements of the instrument. Financial instruments are de-recognised when they are discharged or when the contractual terms expire. The Company's accounting policies in respect of financial instruments transactions are explained below: Financial assets and financial liabilities are initially measured at fair value. Financial assets All recognised financial assets are subsequently measured in their entirety at either fair value or amortised cost, depending on the classification of the financial assets. Financial liabilities At amortised cost Financial liabilities which are neither contingent consideration of an acquirer in a business combination, held for trading, nor designated as at fair value through profit or loss are subsequently measured at amortised cost using the effective interest method. This is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial liability, or where appropriate a shorter period, to the amortised cost of a financial liability. Page 17
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.18 | Financial liabilities
Financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument and are initially measured at fair value. The subsequent measurement of financial liabilities depends on their classification as follows: Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss includes financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or loss. Financial liabilities are classified as held for trading if they are issued principally for the purpose of repurchasing in the near term, or form part of a portfolio of identified financial instruments that the Company manages together and has a recent actual pattern of short-term profit-taking, or are derivatives, including separately embedded derivatives unless they are financial guarantee contracts or are designated as effective hedging instruments. Gains or losses on liabilities held for trading are recognised in profit or loss. Financial liabilities at amortised cost Financial liabilities which are not held for trading or are not financial liabilities designated upon initial recognition as at fair value through profit or loss are subsequently measured at amortised cost using the effective interest method. The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability, or (where appropriate) a shorter period, to the amortised cost of a financial liability. Derecognition of financial liabilities A liability is derecognised when the contract that gives rise to it is settled, sold, cancelled or expires. Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such as an exchange or modification, this is treated as a derecognition of the original liability, such that the difference in the respective carrying amounts together with any costs or fees incurred are recognised in profit or loss.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amount reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effects on amounts recognised in the financial statements Revenue recognition Management applies judgement for professional services projects with determining the stage of completion at any given time. This is determined based on the actual hours spent relative to the total expected hours to complete the project. The key judgement is therefore the expected total hours as this requires management to estimate the additional time required to complete the project. Page 18
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Turnover
| An analysis of turnover by class of business is as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Rendering of services | 15,228,152 | 13,108,239
| Sale of goods | 241,145 | 340,230
|  | 15,469,297 | 13,448,469
| All turnover arose within the United Kingdom.
5. | Operating profit
| The operating profit is stated after charging:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Depreciation of tangible fixed assets | 163,045 | 199,562
| Exchange differences | 457 | -
| Defined contribution pension cost | 160,236 | 128,761
|  | 323,738 | 328,323
6. | Auditor's remuneration
| During the year, the Company obtained the following services from the Company's auditor:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fees payable to the Company's auditor for the audit of the Company's financial statements | 21,400 | 22,900
Page 19
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Employees
| Staff costs, including directors' remuneration, were as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Wages and salaries | 3,916,558 | 3,746,283
| Social security costs | 446,129 | 352,225
| Cost of defined contribution scheme | 160,236 | 144,237
|  | 4,522,923 | 4,242,745
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Directors | 2 | 2
|  | Employees | 74 | 77
|  |  | 76 | 79
8. | Directors' remuneration
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Directors' emoluments | 255,961 | 278,743
| Company contributions to defined contribution pension schemes | 10,746 | 7,529
|  | 266,707 | 286,272
| During the year retirement benefits were accruing to one director (2024 - one) in respect of defined contribution pension schemes.
| The highest paid director received remuneration of £255,961 (2024 - £278,743).
| The value of the Company's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £10,746 (2024 - £7,529).
9. | Interest payable and similar expenses
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Interest on lease liabilities | 1,822 | 3,752
| Other interest payable | - | 10,443
|  | 1,822 | 14,195
Page 20
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | 1,090,237 | 514,985
| Adjustments in respect of previous periods | (126,949) | (97,756)
|  | 963,288 | 417,229
| Total current tax | 963,288 | 417,229
| Deferred tax |  |
| Origination and reversal of timing differences | (421) | (10,781)
| Total deferred tax | (421) | (10,781)
| Tax on profit | 962,867 | 406,448
| Factors affecting tax charge for the year
| The tax assessed for the year is lower than (2024 - lower than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 4,347,567 | 3,237,262
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%) | 1,086,892 | 809,316
| Effects of: |  |
| Expenses not deductible for tax purposes, other than goodwill amortisation and impairment | 2,924 | 2,271
| Adjustments to tax charge in respect of prior periods | (126,949) | (97,756)
| Group relief | - | (307,383)
| Total tax charge for the year | 962,867 | 406,448
| Factors that may affect future tax charges
There were no factors that may affect future tax charges. Page 21
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
11. | Tangible fixed assets
|  | Plant and machinery | Hosting hardware | Fixtures and fittings | Computer equipment | Right-of-use assets
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 January 2025 | 350,836 | 7,645 | 328,684 | 1,013,575 | 796,757
| Additions | - | - | - | 19,170 | 44,985
| Disposals | - | - | - | - | (125,541)
| At 31 December 2025 | 350,836 | 7,645 | 328,684 | 1,032,745 | 716,201
| Depreciation |  |  |  |  |
| At 1 January 2025 | 345,943 | 1,401 | 328,668 | 933,453 | 626,319
| Charge for the year on owned assets | 9,200 | 1,529 | 16 | 28,488 | -
| Charge for the year on right-of-use assets | - | - | - | - | 123,812
| Disposals | - | - | - | - | (125,541)
| At 31 December 2025 | 355,143 | 2,930 | 328,684 | 961,941 | 624,590
| Net book value |  |  |  |  |
| At 31 December 2025 | (4,307) | 4,715 | - | 70,804 | 91,611
| At 31 December 2024 | 4,893 | 6,244 | 16 | 80,122 | 170,438
Page 22
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 11.Tangible fixed assets (continued)
|  | Total
|  | £
| Cost or valuation |
| At 1 January 2025 | 2,497,497
| Additions | 64,155
| Disposals | (125,541)
| At 31 December 2025 | 2,436,111
| Depreciation |
| At 1 January 2025 | 2,235,784
| Charge for the year on owned assets | 39,233
| Charge for the year on right-of-use assets | 123,812
| Disposals | (125,541)
| At 31 December 2025 | 2,273,288
| Net book value |
| At 31 December 2025 | 162,823
| At 31 December 2024 | 261,713
| The net book value of owned and leased assets included as "Tangible fixed assets" in the Balance sheet is as follows:
|  | 2025 | 2024
|  | £ | £
| Tangible fixed assets owned | 71,212 | 91,275
| Right-of-use tangible fixed assets | 91,611 | 170,438
|  | 162,823 | 261,713
Page 23
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 11.Tangible fixed assets (continued)
| Information about right-of-use assets is summarised below:
| Net book value
|  |  |  | 2025 | 2024
|  |  |  | £ | £
| Property | 25,245 | 126,227
| Fixtures & fittings | 54,040 | 22,023
| Motor vehicles | 12,326 | 22,188
|  | 91,611 | 170,438
| Depreciation charge for the year ended
|  |  |  | 2025 | 2024
|  |  |  | £ | £
| Property | 100,982 | 64,604
| Fixtures & fittings | 12,968 | 36,366
| Motor vehicles | 9,862 | 17,163
|  | 123,812 | 118,133
12. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 20,189 | 19,448
|  | 20,189 | 19,448
Page 24
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
13. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 1,318,707 | 1,198,177
| Amounts owed by group undertakings | 12,143,726 | 8,809,370
| Other debtors | 2,264,766 | 75,102
| Prepayments and accrued income | 879,509 | 1,047,094
| Tax recoverable | 10,713 | -
|  | 16,617,421 | 11,129,743
14. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 611,992 | 750,314
|  | 611,992 | 750,314
15. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 397,893 | 216,763
| Amounts owed to group undertakings | 436,053 | 283,839
| Corporation tax | - | 393,801
| Other taxation and social security | 324,421 | 351,994
| Lease liabilities | 49,134 | 124,312
| Other creditors | 2,828,882 | 544,113
| Accruals and deferred income | 3,534,110 | 3,782,791
|  | 7,570,493 | 5,697,613
16. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Lease liabilities | 43,062 | 49,014
|  | 43,062 | 49,014
Page 25
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
17. | Leases
| Company as a lessee
| The Company leaces premises from which is operates, furniture and equipment and Motor Vehichles.
| Right-of-use assets
| Lease liabilities are due as follows:
|  |  |  | 2025 | 2024
|  |  |  | £ | £
| Not later than one year | 49,134 | 124,312
| Between one year and five years | 43,062 | 49,014
|  | 92,196 | 173,326
| The following amounts in respect of leases, where the Company is a lessee, have been recognised in profit or loss:
|  |  |  | 2025 | 2024
|  |  |  | £ | £
| Interest expense on lease liabilities | 1,822 | 3,752
18. | Financial instruments
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Financial assets |  |
| Cash and cash equivalents | 611,992 | 750,314
| Financial assets measured at amortised cost | 16,204,954 | 10,641,658
|  | 16,816,946 | 11,391,972
| Financial liabilities |  |
| Financial liabilities measured at amortised cost | (4,359,255) | (1,833,798)
| Financial assets measured at amortised cost comprise of trade receivables, accrued income, amounts owed by group and other debtors.
| Financial liabilities measured at amortised cost comprise of trade payables, accruals, lease liabilities, amounts owed to group and other creditors.
Page 26
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
19. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (13,050)
| Charged to the profit or loss | 421
| At end of year | (12,629)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (13,050) | (23,831)
| Short term timing differences | 421 | 10,781
|  | (12,629) | (13,050)
20. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1,233,905 (2024 - 1,233,905) Ordinary shares shares of £1.00 each | 1,233,905 | 1,233,905
21. | Reserves
Share premium account The share premium reserve is the consideration received for shares issued above their nominal value net of transactions costs. Capital redemption reserve The capital redemption reserve is for the buying back of shares. Profit and loss account The profit & loss account is the Company's accumulated profit/loss up the date of the balance sheet. Page 27
IMPERIAL CIVIL ENFORCEMENT SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
22. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £149,490 (2024 - £128,761). Contributions totalling £Nil (2024 - £29,295) were payable to the fund at the balance sheet date and are included in creditors.
23. | Related party transactions
| As permitted by FRS101 related party transactions with wholly owned members of Constellation Software Inc. have not been disclosed.
24. | Controlling party
The Company's immediate parent is Modaxo Group UK Limited, incorporated in England & Wales. The ultimate parent is Constellation Software Inc. Incorporated in Canada. The smallest and largest group in which the results of the Company are consolidated is that headed by Constellation Software Inc. The consolidated financial statements of this group are available to the public and may be obtained from www.csisoftware.com/category/stat-filings.
Page 28