REGISTERED NUMBER: 05817262 (England and Wales)

AGR DYNAMICS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

H Hannesson

Ms A Palsdottir

J I Bjornsson

REGISTERED OFFICE:

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

REGISTERED NUMBER:

05817262 (England and Wales)

AUDITORS:

Bessler Hendrie LLP

Chartered Accountants

Statutory Auditor

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

FIXED ASSETS

Tangible assets

5

18,595

21,887

CURRENT ASSETS

Debtors

6

451,155

645,001

Cash at bank

80,233

45,370

531,388

690,371

CREDITORS

Amounts falling due within one year

7

(594,001

)

(435,528

)

NET CURRENT (LIABILITIES)/ASSETS

(62,613

)

254,843

TOTAL ASSETS LESS CURRENT LIABILITIES

(44,018

)

276,730

CREDITORS

Amounts falling due after more than one year

8

(3,748,968

)

(3,219,280

)

PROVISIONS FOR LIABILITIES

-

(2,300

)

NET LIABILITIES

(3,792,986

)

(2,944,850

)

CAPITAL AND RESERVES

Called up share capital

150,000

150,000

Retained earnings

(3,942,986

)

(3,094,850

)

SHAREHOLDERS' FUNDS

(3,792,986

)

(2,944,850

)

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 17 July 2026 and were signed on its behalf by:

Ms A Palsdottir - Director

1.	STATUTORY INFORMATION

AGR Dynamics 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 company's main trading address is: Thorncroft Manor, Thorncroft Drive, Leatherhead, Surrey, KT22 8JB.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The Financial Statements have been prepared on a going concern basis. This basis is considered appropriate by the directors as the company's parent company has confirmed that it will continue to financially support the company for the foreseeable future and enable the company to meet its liabilities as they fall due.

Turnover

Revenue comprises the fair value of consideration received or receivable for the sale of licenses and services provided in the ordinary course of the company's activities.

Revenue from subscription-based software licences, which provide access to the software and include maintenance and support services, is recognised over the term of the subscription as the services are delivered.

In the case of licenses, turnover is recognised when the customer enters into a binding contract to acquire the license and the amount of revenue can be measured reliably.

Revenue from the provision of maintenance and support services is recognised when the service is provided and the amount of revenue can be measured reliably, based on the terms of the contract.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Tangible fixed assets are stated at their historical cost price less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for use. The asset's residual values, useful lives and depreciation methods are reviewed if there is an indication of significant change since the last reporting date.

On disposal the difference between the net proceeds and carrying amount of the item sold is recognised in profit and loss and is included in administrative expenses.

Financial instruments

Financial instruments are classified by directors as basic or non-basic following the conditions in FRS 102 Section 11. Basic financial instruments are initially measured at transaction price (including transaction cost) and subsequently recognised at amortised cost using the effective interest method. The company does not have any non-basic financial instruments.

Current tax

Current tax is the amount of corporation tax payable in respect of taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Current taxation assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the year end. Deferred tax is measured on a non-discounted basis.

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.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account over the lease term. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight line basis over the lease term.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 10 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

66,643

Additions

5,888

At 31 December 2025

72,531

DEPRECIATION

At 1 January 2025

44,756

Charge for year

9,180

At 31 December 2025

53,936

NET BOOK VALUE

At 31 December 2025

18,595

At 31 December 2024

21,887

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

319,661

368,854

Other debtors

4,050

13,058

Prepayments and accrued income

120,878

257,439

444,589

639,351

Amounts falling due after more than one year:

Prepayments and accrued income

6,566

5,650

Aggregate amounts

451,155

645,001

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

13,548

18,291

Amounts owed to group undertakings

155,080

90,342

Taxation and social security

105,211

108,787

Other creditors

320,162

218,108

594,001

435,528

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

3,748,968

3,219,280

9.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

52,141

44,766

Between one and five years

73,114

30,034

125,255

74,800

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

The Report of the Auditors was unqualified.

Peter Nicholls (Senior Statutory Auditor)

for and on behalf of Bessler Hendrie LLP

11.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme under auto-enrolment. 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 £79,468 (2024: £79,965). There were outstanding contributions at the year end of £6,356 (2024: £13,331).

12.	RELATED PARTY DISCLOSURES

13.	ULTIMATE CONTROLLING PARTY

AGR Dynamics ehf. owns 100% of the share capital of AGR Dynamics Ltd. The results of AGR Dynamics Ltd are included in the consolidated financial statements of AGR Dynamics ehf. Copies of the consolidated financial statements are available on request from the parent company at the registered office address: Smaratorg 3, 201 Kopavogur, Iceland.