Registration number: 10761534

Oxi-Tech Solutions Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Oxi-Tech Solutions Limited

Company Information

Directors

Mr S H Williams Mr D J Cavanagh Mr P D Morris Mr R G C Misselbrook Mr M H P Pritchard-Law

Registered office

Exeter Science Park 6 Babbage Way Clyst Honiton Exeter EX5 2FN

Accountants

Thompson Jenner LLP 1 Colleton Crescent Exeter Devon EX2 4DG

Oxi-Tech Solutions Limited

(Registration number: 10761534)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	370,691	406,842
Tangible assets	5	13,989	12,360
		384,680	419,202
Current assets
Stocks	6	68,010	13,532
Debtors	7	299,351	61,431
Cash at bank and in hand		85,256	349,131
		452,617	424,094
Creditors: Amounts falling due within one year	8	(222,312)	(831,251)
Net current assets/(liabilities)		230,305	(407,157)
Total assets less current liabilities		614,985	12,045
Creditors: Amounts falling due after more than one year	8	(200,000)	-
Net assets		414,985	12,045
Capital and reserves
Called up share capital		498,057	351,496
Share premium reserve		2,939,798	2,044,899
Retained earnings		(3,022,870)	(2,384,350)
Shareholders' funds		414,985	12,045

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 July 2026 and signed on its behalf by:
 

Oxi-Tech Solutions Limited

(Registration number: 10761534)
Balance Sheet as at 31 December 2025

......................................... Mr R G C Misselbrook Director

Oxi-Tech Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Exeter Science Park
6 Babbage Way
Clyst Honiton
Exeter
EX5 2FN

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Oxi-Tech Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Fixtures and fittings	15% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Annual impairment reviews followed by 10% straight line for 2023 onwards.
Patents and licences	Annual impairment reviews followed by 10% straight line for 2023 onwards.
Development costs	Annual impairment reviews folowed by 10% straight line from 2023 onwards.
Purchase of debt	Annual impairment reviews followed by 10% straight line from 2023 onwards.

Oxi-Tech Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Oxi-Tech Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 7).

Oxi-Tech Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Intangible assets

	Goodwill  £	Patents and licenses  £	Development costs  £	Intellectual property  £
Cost or valuation
At 1 January 2025	445,699	47,082	8,500	35,186
Additions acquired separately	-	1,584	-	22,462
Disposals	-	-	(8,500)	-
At 31 December 2025	445,699	48,666	-	57,648
Amortisation
At 1 January 2025	115,139	8,615	2,196	3,675
Amortisation charge	44,570	4,708	-	4,615
Amortisation eliminated on disposals	-	-	(2,196)	-
At 31 December 2025	159,709	13,323	-	8,290
Carrying amount
At 31 December 2025	285,990	35,343	-	49,358
At 31 December 2024	330,560	38,466	6,304	31,512

	Total £
Cost or valuation
At 1 January 2025	536,467
Additions acquired separately	24,046
Disposals	(8,500)
At 31 December 2025	552,013
Amortisation
At 1 January 2025	129,625
Amortisation charge	53,893
Amortisation eliminated on disposals	(2,196)
At 31 December 2025	181,322
Carrying amount
At 31 December 2025	370,691
At 31 December 2024	406,842

Oxi-Tech Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5	Tangible assets

	Fixtures and fittings  £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2025	13,039	5,987	19,026
Additions	2,944	772	3,716
At 31 December 2025	15,983	6,759	22,742
Depreciation
At 1 January 2025	3,060	3,606	6,666
Charge for the year	1,643	444	2,087
At 31 December 2025	4,703	4,050	8,753
Carrying amount
At 31 December 2025	11,280	2,709	13,989
At 31 December 2024	9,979	2,381	12,360

6

Stocks

	2025 £	2024 £
Other stocks	68,010	13,532

7

Debtors

	2025 £	2024 £
Trade debtors	187,841	52,127
Other debtors	107,137	4,528
Prepayments and accrued income	4,373	4,776
Total current trade and other debtors	299,351	61,431

Oxi-Tech Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	5,331	676,652
Trade creditors		76,935	114,849
Amounts owed to connected companies		24,000	24,000
Taxation and social security		21,224	11,861
Other creditors		60,926	1,410
Accrued expenses		2,146	2,479
Deferred income		31,750	-
		222,312	831,251

Creditors include convertible debt of £nil (2024: £657,859).

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	200,000	-

9	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,331	18,793
Other borrowings	-	657,859
	5,331	676,652

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	200,000	-