Safenames Ltd Company accounts

COMPANY REGISTRATION NUMBER: 03802179

Safenames Ltd

Financial Statements

30 October 2025

Safenames Ltd

Financial Statements

Year ended 30 October 2025

Contents	Page

Officers and professional advisers	1

Strategic report	2

Directors' report	3

Independent auditor's report to the members	5

Statement of income and retained earnings	9

Statement of financial position	10

Statement of cash flows	11

Notes to the financial statements	12

Safenames Ltd

Officers and Professional Advisers

The board of directors	Ms S F McManus
	Mr J Stock
	Mr A McManus

Company secretary	Ms S F McManus

Registered office	Safenames House
	Sunrise Parkway
	Linford Wood
	Milton Keynes
	MK14 6LS

Auditor	Hawsons
	Chartered accountants & statutory auditor
	Jubilee House
	32 Duncan Close
	Moulton Park
	Northampton
	NN3 6WL

Safenames Ltd

Strategic Report

Year ended 30 October 2025

The Directors present their Strategic Report for the year ended 30 October 2025 to provide a review of the Company's business, principal risks and uncertainties and performance alongside key performance indicators. The Directors consider the state of the Company to be satisfactory, with increased profits this year. The Directors believe the key performance indicators of the business to be gross profit and operating profit (before exceptional items) as a percentage of turnover. These key performance indicators have been met in this financial year. Revenue has increased from £19.95 million to £20.83 million, an increase of 4% Gross Profit has increased from £3.2 million to £4.7 million an increase of 46% Operating Margin before tax has increased from £0.8 million to £2.0 million giving a percentage increase of 135% The profit for the year, after taxation, amounted to £1,483,664. Particulars of dividends paid are detailed in note 11 to the financial statements. The Company's principal financial instruments comprise bank balances, trade creditors, trade debtors and finance lease agreements. The main purpose of these instruments is to raise funds and to finance the company's operations. Due to the nature of the financial instruments used by the company, there is no exposure to price risk. The company's approach to managing other risks applicable to the financial instruments concerned is shown below. a)The Company is a lessee in respect of finance leased assets. The liquidity risk in respect of these is managed by ensuring that there are sufficient funds to meet payments when they arise. b)Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit terms offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. c)Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due. It is the policy of the Company to settle terms of payment with suppliers on a timely basis in the ordinary course of business, and to agree appropriate terms and conditions in advance with its suppliers. The Company endeavours to make payment in accordance with those terms and conditions provided that the supplier has complied with them. Suppliers and their payment terms are looked at on an individual basis and regularly reviewed. The Company believes that 60 days is the average payment time for suppliers. A copy of the Company's standard payment practice can be obtained from the company's premises.

This report was approved by the board of directors on 29 July 2026 and signed on behalf of the board by:

Mr A McManus

Director

Safenames Ltd

Directors' Report

Year ended 30 October 2025

The directors present their report and the financial statements of the company for the year ended 30 October 2025 .

Directors

The directors who served the company during the year were as follows:

Ms S F McManus
Mr J Stock
Mr A McManus

Dividends

Particulars of recommended dividends are detailed in note 11 to the financial statements.

Future developments

Safenames Ltd future developments will continue to further develop our use of green energy and how we can increase the efficiency of our energy usage.

We will also be looking at developing our corporate structure and exploring possible investment acquisitions to help provide more opportunities for the business to grow.

We plan to further develop our data centre and internal tools with an understanding of the impact on the environment and society as a whole.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, 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 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 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 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. Disclosure of information to auditors

Each of the persons who is a director at the date of approval of this report confirms that: - so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

This report was approved by the board of directors on 29 July 2026 and signed on behalf of the board by:

Mr A McManus

Director

Safenames Ltd

Independent Auditor's Report to the Members of Safenames Ltd

Year ended 30 October 2025

Opinion

We have audited the financial statements of Safenames Ltd (the 'company') for the year ended 30 October 2025, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the 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: o give a true and fair view of the state of the company's affairs as at 30 October 2025 and of its profit for the year then ended; o have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and o 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 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 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 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.

Opinions 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 our 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 and 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: o adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or o the financial statements are not in agreement with the accounting records and returns; or o certain disclosures of directors' remuneration specified by law are not made; or o we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page 5, 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.

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 in the aggregate, they could reasonably be expected to influence .the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: The company is subject to laws and regulations that directly and indirectly affect the financial statements. Based on our understanding of the company and the environment it operates within, we determined that the laws and regulations which were most significant included FRS 102, Companies Act 2006 and Health and Safety regulations. We considered the extent to which non-compliance with these laws and regulations might have a material effect on the financial statements, including how fraud might occur. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the posting of inappropriate journal entries to improve the company's result for the period, and management bias in key accounting estimates. In addition to this, we have also identified the following principal risk areas: o Revenue recognition - there are two components to this risk, being revenue completeness and revenue cut-off; o Debtor recoverability -due to the material value of trade debtors and the nature of the industry, there is an increased risk that debtors may not be recovered; o Related parties - Potential for disclosures to be incomplete due to level of related party transactions. Audit procedures performed by the engagement team included: o Discussions with management and those responsible for legal compliance procedures within the company to obtain an understanding of the legal and regulatory framework applicable to the company and how the company complies with that framework, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud; o Identifying and assessing the design effectiveness of controls that management has in place to prevent and detect fraud and non-compliance with laws and regulations; o Challenging assumptions and judgements made by management in their significant accounting estimates; o A sample based approach was used to review debtors and these were traced through to after date receipts on the bank statements; o Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations; o Reviewing related parties and the corresponding transactions to ensure completeness of disclosures; o Performing revenue cut-off procedures and reviewing a sample of invoices both pre and post year end. There are inherent limitations in the audit procedures described above and the more 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. Also, 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 or intentional misrepresentations, or through collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at: www.frc.org.uk/auditors/audit-assurance/auditor-s-responsibiIities-for-the-audit-of-the-fi/description-of-t he-auditor's-responsibiIities-for. 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.

David Owens

(Senior Statutory Auditor)

For and on behalf of

Hawsons

Chartered accountants & statutory auditor

Jubilee House

32 Duncan Close

Moulton Park

Northampton

NN3 6WL

29 July 2026

Safenames Ltd

Statement of Income and Retained Earnings

Year ended 30 October 2025

		2025	2024
Note		£	£
Turnover	4	20,835,470	19,950,038

Cost of sales	16,161,905	16,742,856
	-------------	-------------
Gross profit	4,673,565	3,207,182

Administrative expenses		2,691,197	2,365,777
Other operating income - Commissions received	5	640	794
		------------	------------
Operating profit	6	1,983,008	842,199

	------------	------------
Profit before taxation	1,983,008	842,199

Tax on profit	10	499,344	236,372
		------------	---------
Profit for the financial year and total comprehensive income		1,483,664	605,827
		------------	---------

Dividends paid and payable	11	( 1,140,000)	( 2,708,837)

Retained earnings at the start of the year	10,819,434	12,922,444
	-------------	-------------
Retained earnings at the end of the year	11,163,098	10,819,434
	-------------	-------------

All the activities of the company are from continuing operations.

Safenames Ltd

Statement of Financial Position

30 October 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	13		1,313,331	1,358,363

Current assets

Debtors	14	6,236,011	6,235,826
Cash at bank and in hand		5,709,195	5,293,014
		-------------	-------------
		11,945,206	11,528,840

Creditors: amounts falling due within one year	16	2,082,844		2,051,167
		-------------		-------------
Net current assets			9,862,362	9,477,673
			-------------	-------------
Total assets less current liabilities			11,175,693	10,836,036

Provisions

Taxation including deferred tax	17	12,490	16,497
		-------------	-------------
Net assets		11,163,203	10,819,539
		-------------	-------------

Capital and reserves

Called up share capital	20	105	105
Profit and loss account		11,163,098	10,819,434
		-------------	-------------
Shareholders funds		11,163,203	10,819,539
		-------------	-------------

These financial statements were approved by the board of directors and authorised for issue on 29 July 2026 , and are signed on behalf of the board by:

Mr A McManus

Director

Company registration number: 03802179

Safenames Ltd

Statement of Cash Flows

Year ended 30 October 2025

	2025	2024
Note	£	£

Cash flows from operating activities

Profit for the financial year	1,483,664	605,827

Adjustments for:
Depreciation of tangible assets	49,792	59,293
Tax on profit	499,344	236,372
Accrued expenses	14,694	273,112

Changes in:
Trade and other debtors	( 1,911)	( 148,923)
Trade and other creditors	( 75,979)	311,124
	------------	------------
Cash generated from operations	1,969,604	1,336,805

Tax paid	( 408,669)	( 433,539)
	------------	------------
Net cash from operating activities	1,560,935	903,266
	------------	------------

Cash flows from investing activities

Purchase of tangible assets	( 4,760)	( 13,013)
	------------	------------
Net cash used in investing activities	( 4,760)	( 13,013)
	------------	------------

Cash flows from financing activities

Dividends paid	( 1,140,000)	( 2,708,837)
	------------	------------
Net cash used in financing activities	( 1,140,000)	( 2,708,837)
	------------	------------

Net increase/(decrease) in cash and cash equivalents		416,175	( 1,818,584)
Cash and cash equivalents at beginning of year		5,293,014	7,111,598
		------------	------------
Cash and cash equivalents at end of year	15	5,709,189	5,293,014
		------------	------------

Safenames Ltd

Notes to the Financial Statements

Year ended 30 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Safenames House, Sunrise Parkway, Linford Wood, Milton Keynes, MK14 6LS.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets and liabilities and investment properties measured at fair value through profit and loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The amounts are rounded pounds.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings	-	Land and buildings - 2%/10% Straight line
Computer Equipment	-	Computer equipment - 33% Straight line
Office Equipment	-	Office Equipment - 20% Straight line
Motor Vehicle	-	Motor Vehicles - 10% Straight line

The land included in the land and building is not depreciated and the land and building is expected to have a residual value of £1m.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Rendering of services	20,835,470	19,950,038
	-------------	-------------

The turnover is attributable to the one principal activity of the company. An analysis of turnover by the geographical markets that substantially differ from each other is given below:

	2025	2024
	£	£
United Kingdom	7,038,641	7,595,404
Overseas	13,796,829	12,354,634
	-------------	-------------
	20,835,470	19,950,038
	-------------	-------------

5. Other operating income - commissions received

	2025	2024
	£	£
Other operating income	640	794
	----	----

6. Operating profit

Operating profit or loss is stated after charging/crediting:

	2025	2024
	£	£
Depreciation of tangible assets	49,792	59,293
Impairment of trade debtors	(45,839)	(206,872)
Foreign exchange differences	209,802	( 12,358)
	---------	---------

7. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	25,000	28,260
	--------	--------

8. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Administrative staff	96	93
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	5,664,977	5,933,546
Social security costs	745,473	696,012
Other pension costs	191,965	180,331
	------------	------------
	6,602,415	6,809,889
	------------	------------

Key management personnel are deemed to be the Directors only.

9. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	670,699	724,434
Company contributions to defined contribution pension plans	52,924	40,744
	---------	---------
	723,623	765,178
	---------	---------

The number of directors who accrued benefits under company pension plans was as follows:

	2025	2024
	No.	No.
Defined contribution plans	2	2
	----	----

Remuneration of the highest paid director in respect of qualifying services:

	2025	2024
	£	£
Aggregate remuneration	308,136	306,072
Company contributions to defined contribution pension plans	42,182	40,744
	---------	---------
	350,318	346,816
	---------	---------

10. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	530,323	293,594
Adjustments in respect of prior periods	( 26,972)	–
	---------	---------
Total current tax	503,351	293,594
	---------	---------

Deferred tax:

Origination and reversal of timing differences	( 4,007)	( 57,222)
	---------	---------
Tax on profit	499,344	236,372
	---------	---------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	1,983,008	842,199
	------------	---------
Profit on ordinary activities by rate of tax	495,752	210,550
Adjustment to tax charge in respect of prior periods	( 26,972)	–
Effect of expenses not deductible for tax purposes	93,255	71,802
Effect of capital allowances and depreciation	( 58,684)	11,242
Other tax adjustment to increase/(decrease) tax liability - deferred tax	( 4,007)	( 57,222)
	------------	---------
Tax on profit	499,344	236,372
	------------	---------

11. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	1,140,000	2,708,837
	------------	------------

12. Bank security

Safenames Ltd has a debenture on the bank accounts dated 23rd August 2017.

13. Tangible assets

	Land and buildings	Computer Equipment	Office Equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 31 October 2024	1,394,494	90,333	64,032	72,411	1,621,270
Additions	–	–	–	4,760	4,760
	------------	--------	--------	--------	------------
At 30 October 2025	1,394,494	90,333	64,032	77,171	1,626,030
	------------	--------	--------	--------	------------
Depreciation
At 31 October 2024	108,097	75,713	46,857	32,240	262,907
Charge for the year	27,930	8,952	6,201	6,709	49,792
	------------	--------	--------	--------	------------
At 30 October 2025	136,027	84,665	53,058	38,949	312,699
	------------	--------	--------	--------	------------
Carrying amount
At 30 October 2025	1,258,467	5,668	10,974	38,222	1,313,331
	------------	--------	--------	--------	------------
At 30 October 2024	1,286,397	14,620	17,175	40,171	1,358,363
	------------	--------	--------	--------	------------

14. Debtors

	2025	2024
	£	£
Trade debtors	3,293,935	3,843,456
Prepayments and accrued income	508,555	111,139
Directors loan account	766,281	772,411
Other debtors	1,667,240	1,508,820
	------------	------------
	6,236,011	6,235,826
	------------	------------

15. Cash and cash equivalents

Cash and cash equivalents comprise the following:

	2025	2024
	£	£
Cash at bank and in hand	5,709,195	5,293,014
Bank overdrafts	( 6)	–
	------------	------------
	5,709,189	5,293,014
	------------	------------

16. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	6	–
Trade creditors	1,479,718	1,352,058
Accruals and deferred income	60,262	60,262
Corporation tax	204,483	109,801
Social security and other taxes	252,571	479,958
Short term borrowings	85,804	49,088
	------------	------------
	2,082,844	2,051,167
	------------	------------

The loans are secured by a fixed and floating charge secured on all the property and undertakings of the company.

17. Provisions

	Deferred tax (note 18)
	£
At 31 October 2024	16,497
Charge against provision	( 4,007)
	--------
At 30 October 2025	12,490
	--------

18. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 17)	12,490	16,497
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	12,490	16,497
	--------	--------

19. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 191,965 (2024: £ 180,331 ).

At the year end 30 October 2025, the amount owing to the companies pension scheme was £77,842 (2024: £87,565).

20. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 0.01 each	10,000	100	10,000	100
Ordinary A shares of £ 1 each	1	1	1	1
Ordinary B shares of £ 1 each	1	1	1	1
Ordinary C shares of £ 1 each	1	1	1	1
Ordinary D shares of £ 1 each	1	1	1	1
Ordinary E shares of £1 each	1	1	1	1
	--------	----	--------	----
	10,005	105	10,005	105
	--------	----	--------	----

21. Analysis of changes in net debt

	At 31 Oct 2024	Cash flows	At 30 Oct 2025
	£	£	£
Cash at bank and in hand	5,293,014	416,181	5,709,195
Bank overdrafts	–	(6)	(6)
	------------	---------	------------
	5,293,014	416,175	5,709,189
	------------	---------	------------

Safenames Ltd

Notes to the Financial Statements (continued)

Year ended 30 October 2025

22. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Ms S F McManus	748,348	1,070	749,418
Mr J Stock	–	–	–
Mr A McManus	24,063	( 7,200)	16,863
	---------	-------	---------
	772,411	( 6,130)	766,281
	---------	-------	---------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Ms S F McManus	746,630	1,718	748,348
Mr J Stock	28,012	( 28,012)	–
Mr A McManus	31,263	( 7,200)	24,063
	---------	--------	---------
	805,905	( 33,494)	772,411
	---------	--------	---------

At the year end the overdrawn directors loan accounts were: Ms S F McManus £749,418 and Mr A McManus £16,863 the loans were interest free. Mr A McManus is repaying his loan on a £600 per month basis. With regards to Ms S F MaManus' loan repayment, there have been multiple schemes suggested in board meetings to help tackle this debt but further talks are needed to finalise a suitable arrangement. We are currently in talks to devise a repayment plan.

23. Related party transactions

The company was under the control of Ms S F McManus , Mr A McManus and Mr J Stock throughout the current year. Mr A McManus is the controlling party. At the year end the company owed £nil (2024 - (£nil) to Open Data Centre Services Limited, a company owned by Mr J Stock , who is also a Director and Shareholder of Safenames Ltd . Safenames Ltd paid rent to Open Data Centre Services Limited of £120,000 in the year, (2024 - £120,000). During the year the shareholders withdrew dividends totalling £1,140,000 (2024:£2,708,837) and were all paid to the Directors of the company. Included in the staff costs figure where payments made to Beatrice McManus whom is the wife of Mr A McManus. The gross pay she received was £80,000 per annum.