Sensoteq Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI637702

Sensoteq Ltd

Filleted Financial Statements

31 March 2026

Sensoteq Ltd

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Intangible assets	5	303,187	281,321
Tangible assets	7	129,752	123,970
		---------	---------
		432,939	405,291

Current assets

Stocks		960,485	885,007
Debtors	8	1,714,945	1,842,466
Cash at bank and in hand		17,350	390,161
		------------	------------
		2,692,780	3,117,634

Creditors: amounts falling due within one year	9	1,985,488	1,368,876
		------------	------------
Net current assets		707,292	1,748,758
		------------	------------
Total assets less current liabilities		1,140,231	2,154,049

Creditors: amounts falling due after more than one year	10	508,533	798,525
		------------	------------
Net assets		631,698	1,355,524
		------------	------------

Capital and reserves

Called up share capital	6,543	5,996
Share premium account	5,795,457	4,795,995
Profit and loss account	( 5,170,302)	( 3,446,467)
	------------	------------
Shareholders funds	631,698	1,355,524
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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. I Boudaoud

Director

Company registration number: NI637702

Sensoteq Ltd

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Unit 23, Ormeau Business Park, Cromac Avenue, Belfast, County Antrim, BT7 2JA, Northern Ireland.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

Sensoteq Ltd continues to invest in the development of business and R&D activities and as a consequence is dependent on continued financial support of shareholders and investors.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.

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.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Investments	-	10% straight line
Graphic design and branding	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

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:

Sensors for rental	-	20% straight line
Plant and machinery	-	25% straight line
Fixtures and fittings	-	20% straight line
Equipment	-	33% straight line

	Office and Computer Equipment	-	33% straight line

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. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 47 (2025: 44 ).

5. Intangible assets

	Investments	Graphic design and branding	Total
	£	£	£
Cost
At 1 April 2025	281,321	–	281,321
Additions	43,625	8,330	51,955
	---------	-------	---------
At 31 March 2026	324,946	8,330	333,276
	---------	-------	---------
Amortisation
Charge for the year	29,950	139	30,089
	---------	-------	---------
At 31 March 2026	29,950	139	30,089
	---------	-------	---------
Carrying amount
At 31 March 2026	294,996	8,191	303,187
	---------	-------	---------
At 31 March 2025	281,321	–	281,321
	---------	-------	---------

6. Going concern

The accounts are prepared by the directors on a going concern basis despite continued losses. The company is dependent on the continued funding support of the shareholders until such times as the company can achieve profitability and generate positive cash flows from trading.

7. Tangible assets

	Sensors for rental	Plant and machinery	Fixtures and fittings	Lab Equipment	Computer and Office Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2025	–	10,201	53,023	33,867	200,566	297,657
Additions	12,328	13,675	5,203	11,634	23,898	66,738
	--------	--------	--------	--------	---------	---------
At 31 Mar 2026	12,328	23,876	58,226	45,501	224,464	364,395
	--------	--------	--------	--------	---------	---------
Depreciation
At 1 Apr 2025	–	8,480	31,258	23,362	110,587	173,687
Charge for the year	616	1,415	6,566	6,222	46,137	60,956
	--------	--------	--------	--------	---------	---------
At 31 Mar 2026	616	9,895	37,824	29,584	156,724	234,643
	--------	--------	--------	--------	---------	---------
Carrying amount
At 31 Mar 2026	11,712	13,981	20,402	15,917	67,740	129,752
	--------	--------	--------	--------	---------	---------
At 31 Mar 2025	–	1,721	21,765	10,505	89,979	123,970
	--------	--------	--------	--------	---------	---------

8. Debtors

	2026	2025
	£	£
Trade debtors	793,416	1,104,185
Other debtors	921,529	738,281
	------------	------------
	1,714,945	1,842,466
	------------	------------

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	732,875	369,182
Trade creditors	771,827	603,017
Social security and other taxes	324,478	172,448
Other creditors	156,308	224,229
	------------	------------
	1,985,488	1,368,876
	------------	------------

10. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	508,533	798,525
	---------	---------

11. Contingent liability

Over the course of the year Sensoteq Ltd received financial assistance by way of grants. In certain cases grant income may be liable to be repaid, in whole or in part.

12. Summary audit opinion

The auditor's report dated 29 July 2026 was unqualified . The statutory auditor was John McVeigh .

13. Directors' advances, credits and guarantees

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

	2026
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr. I Boudaoud	–	–	–
Mr. A McCall	–	–	–
	----	----	----
	–	–	–
	----	----	----

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr. I Boudaoud	( 53,589)	53,589	–
Mr. A McCall	( 60,914)	60,914	–
	---------	---------	----
	( 114,503)	114,503	–
	---------	---------	----