REGISTERED NUMBER: 02803958 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SIRE TECHNOLOGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M D Allen

P J Smith

REGISTERED OFFICE:

23 Wellington Business Park

Dukes Ride

Crowthorne

Berkshire

RG45 6LS

REGISTERED NUMBER:

02803958 (England and Wales)

AUDITORS:

Goldwyns Limited

Statutory Auditors and Chartered Accountants

1 Nelson Mews

Southend on Sea

Essex

SS1 1AL

FIXED ASSETS

Tangible assets

4

137,701

918,669

CURRENT ASSETS

Debtors

5

2,797,524

1,074,155

Cash at bank and in hand

208,130

402,442

3,005,654

1,476,597

CREDITORS

Amounts falling due within one year

6

1,734,374

1,285,563

NET CURRENT ASSETS

1,271,280

191,034

TOTAL ASSETS LESS CURRENT LIABILITIES

1,408,981

1,109,703

PROVISIONS FOR LIABILITIES

27,531

27,531

NET ASSETS

1,381,450

1,082,172

CAPITAL AND RESERVES

Called up share capital

8

1,580

1,580

Retained earnings

1,379,870

1,080,592

SHAREHOLDERS' FUNDS

1,381,450

1,082,172

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 30 July 2026 and were signed on its behalf by:

M D Allen - Director

1.	STATUTORY INFORMATION

Sire Technology Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

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

Tangible fixed assets

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

Freehold property

-

Straight line over 50 years

Plant and machinery

-

Straight line over 3 years

Computer equipment

-

Straight line over 3 years

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

791,883

54,807

9,193

619,225

1,475,108

Additions

-

3,286

-

8,100

11,386

Disposals

(791,883

)

-

-

-

(791,883

)

At 31 December 2025

-

58,093

9,193

627,325

694,611

DEPRECIATION

At 1 January 2025

101,627

45,545

9,193

400,074

556,439

Charge for year

1,320

7,672

-

94,426

103,418

Eliminated on disposal

(102,947

)

-

-

-

(102,947

)

At 31 December 2025

-

53,217

9,193

494,500

556,910

NET BOOK VALUE

At 31 December 2025

-

4,876

-

132,825

137,701

At 31 December 2024

690,256

9,262

-

219,151

918,669

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

36,643

97,249

Amounts owed by group undertakings

2,051,248

221,595

Other debtors

709,633

755,311

2,797,524

1,074,155

Although there are no formal terms deferring repayment, the majority of the balance owed by group undertakings is unlikely to be recovered within the next twelve months.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

103,987

Trade creditors

95,455

187,694

Amounts owed to group undertakings

10,019

-

Taxation and social security

47,638

79,791

Other creditors

1,581,262

914,091

1,734,374

1,285,563

7.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

38,000

-

Between one and five years

41,167

-

79,167

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

375

A Ordinary

1

375

375

1,205

B Ordinary

1

1,205

1,205

1,580

1,580

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

The Report of the Auditors was unqualified.

Robert Howe BEng FCA (Senior Statutory Auditor)

for and on behalf of Goldwyns Limited

10.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of its employees and directors. During the year, premiums paid amounted to £43,071 (2024 - £29,653). Premiums outstanding at the year end amounted to £10,264 (2024 - £4,343).

11.	CONTINGENT LIABILITIES

The company has cross-guarantees in respect of its parent company's debts. At the balance sheet date, these liabilities totalled £14,000,000.

12.	ULTIMATE PARENT COMPANY

As at the balance sheet date, the directors consider the ultimate parent company to be Managed IT Services Group Limited, a company registered in England and Wales.