Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 3 true 2026-06-11 2025-01-01 false The principal activity of the company during the year was the distribution of a range of Data Collection Terminals for time and attendance and access control applications.3 true false false SC223891 2025-01-01 2025-12-31 SC223891 2024-01-01 2024-12-31 SC223891 2025-12-31 SC223891 2024-12-31 SC223891 2024-01-01 SC223891 1 2025-01-01 2025-12-31 SC223891 1 2024-01-01 2024-12-31 SC223891 5 2025-01-01 2025-12-31 SC223891 5 2024-01-01 2024-12-31 SC223891 d:CompanySecretary1 2025-01-01 2025-12-31 SC223891 d:Director2 2025-01-01 2025-12-31 SC223891 d:Director3 2025-01-01 2025-12-31 SC223891 d:RegisteredOffice 2025-01-01 2025-12-31 SC223891 e:PlantMachinery 2025-01-01 2025-12-31 SC223891 e:PlantMachinery 2024-12-31 SC223891 e:FurnitureFittings 2025-01-01 2025-12-31 SC223891 e:FurnitureFittings 2024-12-31 SC223891 e:OfficeEquipment 2025-01-01 2025-12-31 SC223891 e:OfficeEquipment 2024-12-31 SC223891 e:CurrentFinancialInstruments 2025-12-31 SC223891 e:CurrentFinancialInstruments 2024-12-31 SC223891 e:Non-currentFinancialInstruments 2025-12-31 SC223891 e:Non-currentFinancialInstruments 2024-12-31 SC223891 e:CurrentFinancialInstruments e:WithinOneYear 2025-12-31 SC223891 e:CurrentFinancialInstruments e:WithinOneYear 2024-12-31 SC223891 e:Non-currentFinancialInstruments e:AfterOneYear 2025-12-31 SC223891 e:Non-currentFinancialInstruments e:AfterOneYear 2024-12-31 SC223891 f:UnitedKingdom 2025-01-01 2025-12-31 SC223891 f:UnitedKingdom 2024-01-01 2024-12-31 SC223891 f:RestEuropeOutsideUK 2025-01-01 2025-12-31 SC223891 f:RestEuropeOutsideUK 2024-01-01 2024-12-31 SC223891 f:RestWorldOutsideUK 2025-01-01 2025-12-31 SC223891 f:RestWorldOutsideUK 2024-01-01 2024-12-31 SC223891 e:UKTax 2025-01-01 2025-12-31 SC223891 e:UKTax 2024-01-01 2024-12-31 SC223891 e:ShareCapital 2025-12-31 SC223891 e:ShareCapital 2024-12-31 SC223891 e:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 SC223891 e:RetainedEarningsAccumulatedLosses 2025-12-31 SC223891 e:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 SC223891 e:RetainedEarningsAccumulatedLosses 2024-12-31 SC223891 e:RetainedEarningsAccumulatedLosses 2024-01-01 SC223891 d:OrdinaryShareClass1 2025-01-01 2025-12-31 SC223891 d:OrdinaryShareClass1 2025-12-31 SC223891 d:OrdinaryShareClass1 2024-12-31 SC223891 d:FRS102 2025-01-01 2025-12-31 SC223891 d:Audited 2025-01-01 2025-12-31 SC223891 d:FullAccounts 2025-01-01 2025-12-31 SC223891 d:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC223891 e:AcceleratedTaxDepreciationDeferredTax 2025-12-31 SC223891 e:AcceleratedTaxDepreciationDeferredTax 2024-12-31 SC223891 e:TaxLossesCarry-forwardsDeferredTax 2025-12-31 SC223891 e:TaxLossesCarry-forwardsDeferredTax 2024-12-31 SC223891 2 2025-01-01 2025-12-31 SC223891 g:PoundSterling 2025-01-01 2025-12-31 xbrli:shares iso4217:GBP xbrli:pure

| Registered number: SC223891
ACCU-TECH SYSTEMS LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
ACCU-TECH SYSTEMS LIMITED COMPANY INFORMATION
DIRECTORS | D Duggan
| L M Gladysz
COMPANY SECRETARY | Peterkins Solicitors (resigned 11 December 2025) CSC CLS (UK) Limited (appointed 11 December 2025)
REGISTERED NUMBER | SC223891
REGISTERED OFFICE | 1 George Square
| Glasgow
| G2 1AL
INDEPENDENT AUDITORS | Bishop Fleming Audit Limited
| Chartered Accountants & Statutory Auditors
| 10 Temple Back
| Bristol
| BS1 6FL
ACCU-TECH SYSTEMS LIMITED CONTENTS
| Page
Directors' Report | 1 - 2
Directors' Responsibilities Statement | 3
Independent Auditors' Report | 4 - 7
Statement of Income and Retained Earnings | 8
Statement of Financial Position | 9
Statement of Cash Flows | 10
Notes to the Financial Statements | 11 - 21
ACCU-TECH SYSTEMS LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Directors present their report and the financial statements for the year ended 31 December 2025.
PRINCIPAL ACTIVITY
The principal activity of the company during the year was the distribution of a range of Data Collection Terminals for time and attendance and access control applications.
DIRECTORS
The Directors who served during the year were:
D Duggan
L M Gladysz
PRINCIPAL RISKS AND UNCERTAINTIES
The directors are not aware of any risks or uncertainties that would warrant disclosure.
GOING CONCERN
The Directors assess whether the use of going concern is appropriate, and whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The Directors make this assessment in respect of a period of one year from the date of approval of the financial statements. The Directors continue to monitor the impact that global supply chain constraints are having on operations and are taking appropriate actions to minimise their effect on the long-term reserves of the Company. Under all the scenarios considered, the Company has sufficient reserves to enable it to continue as a going concern for the foreseeable future. For this reason it continues to adopt the going concern basis in preparing the financial statements. POST BALANCE SHEET EVENTS There have been no significant events affecting the Company since the year end.
DISCLOSURE OF INFORMATION TO AUDITORS
Each of the persons who are Directors at the time when this Directors' Report is approved has confirmed that: ∙so far as the Director is aware, there is no relevant audit information of which the Company's auditors are unaware, and ∙the Director has taken all the steps that ought to have been taken as a Director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.
AUDITORS
The auditors, Bishop Fleming Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. Page 1
ACCU-TECH SYSTEMS LIMITED DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
SMALL COMPANIES NOTE
In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the board and signed on its behalf.
L M Gladysz Director
Date: 10 June 2026
1 George Square
Glasgow
G2 1AL
Page 2
ACCU-TECH SYSTEMS LIMITED DIRECTORS' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025 The Directors are responsible for preparing the 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 of the profit or loss of the Company for that period. In preparing these financial statements, the Directors are required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgements and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; ∙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 to 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. Page 3
ACCU-TECH SYSTEMS LIMITED INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS OF ACCU-TECH SYSTEMS LIMITED
OPINION
We have audited the financial statements of Accu-Tech Systems Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of Income and Retained Earnings, the Statement of Financial Position, the Statement of Cash Flows and the related notes, including a summary of 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: ∙give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its profit for the year then ended; ∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ∙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 Auditors' 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 United Kingdom, including the Financial Reporting Council'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 Auditors' 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. Page 4
ACCU-TECH SYSTEMS LIMITED INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS OF ACCU-TECH SYSTEMS LIMITED (CONTINUED)
OPINION 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the Directors' Report has been prepared in accordance with applicable legal requirements.
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in 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: ∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ∙the financial statements are not in agreement with the accounting records and returns; or ∙certain disclosures of Directors' remuneration specified by law are not made; or ∙we have not received all the information and explanations we require for our audit; or ∙the Directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.
RESPONSIBILITIES OF DIRECTORS
As explained more fully in the Directors' Responsibilities Statement set out on page 3, 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. Page 5
ACCU-TECH SYSTEMS LIMITED INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS OF ACCU-TECH SYSTEMS LIMITED (CONTINUED)
AUDITORS' 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 Auditors' 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 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: ∙We have considered the nature of the industry and sector, control environment and business performance. ∙We have considered the results of our enquiries of management and the board about their own identification and assessment of the risks of irregularities. ∙We have considered the documentation of key processes and controls and performed walkthroughs of transactions to confirm the operation of key controls. As a result of these procedures, we have considered the opportunities and incentives that may exist within the organisation for fraud and identified the highest area of risk to be in relation to revenue recognition, with a particular risk in relation to year end cut off. In common with all audits under ISAs (UK) we are also required to perform specific procedures to respond to the risk of management override. We have also obtained understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, FRS 102 and UK tax legislation. In addition, we considered the provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company's ability to operate or to avoid a material penalty. Our procedures to respond to risks identified included the following: ∙Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance and provisions of relevant laws and regulations described as having a direct effect on the financial statements; ∙Performing analytical procedures to identify unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; ∙Reviewing board meeting minutes; ∙Enquiring of management in relation to actual and potential claims or litigations; ∙Performing detailed transactional testing in relation to the recognition of revenue with a particular focus around year-end cut-off; and ∙In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in accounting estimates are indicative of potential bias; and evaluating the business rationale of significant transactions that are unusual or outside the normal course of business. We also communicated identified laws and regulations and potential fraud risks to all members of the engagement team and remained alert to possible indicators of fraud or non-compliance with laws and regulations throughout the audit. Page 6
ACCU-TECH SYSTEMS LIMITED INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS OF ACCU-TECH SYSTEMS LIMITED (CONTINUED) Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' 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 Auditors' 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. Stuart Crisp BSc FCA (Senior Statutory Auditor) for and on behalf of Bishop Fleming Audit Limited Chartered Accountants Statutory Auditors 10 Temple Back Bristol BS1 6FL 11 June 2026 Page 7
ACCU-TECH SYSTEMS LIMITED STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED 31 DECEMBER 2025
| 2025 | 2024
Note | £ | £
Turnover | 4 | 367,245 | 413,219
Cost of sales |  | (123,801) | (164,947)
Gross profit |  | 243,444 | 248,272
Administrative expenses |  | (226,500) | (244,629)
Other operating income |  | - | 1,051
Operating profit | 5 | 16,944 | 4,694
Interest receivable and similar income | 8 | 20,750 | 20,938
Interest payable and similar expenses |  | (3) | -
Profit before tax |  | 37,691 | 25,632
Tax on profit | 9 | (8,234) | (6,426)
Profit after tax |  | 29,457 | 19,206
Retained earnings at the beginning of the year |  | 1,364,726 | 1,469,290
Profit for the year |  | 29,457 | 19,206
Dividends declared and paid |  | (9,604) | (123,770)
Retained earnings at the end of the year |  | 1,384,579 | 1,364,726
There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of income and retained earnings.
The notes on pages 11 to 21 form part of these financial statements.
Page 8
ACCU-TECH SYSTEMS LIMITED REGISTERED NUMBER:SC223891 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 10 |  | 1,784 |  | 6,088
|  |  | 1,784 |  | 6,088
Current assets |  |  |  |  |
Stocks | 11 | 22,210 |  | 18,521 |
Debtors: amounts falling due within one year | 12 | 58,508 |  | 146,041 |
Cash at bank and in hand | 13 | 1,384,401 |  | 1,307,191 |
|  | 1,465,119 |  | 1,471,753 |
Creditors: amounts falling due within one year | 14 | (81,432) |  | (110,150) |
Net current assets |  |  | 1,383,687 |  | 1,361,603
Total assets less current liabilities |  |  | 1,385,471 |  | 1,367,691
Creditors: amounts falling due after more than one year | 15 |  | (562) |  | (1,797)
Provisions for liabilities |  |  |  |  |
Deferred tax | 16 | (328) |  | (1,166) |
|  |  | (328) |  | (1,166)
Net assets |  |  | 1,384,581 |  | 1,364,728
Capital and reserves |  |  |  |  |
Called up share capital | 17 |  | 2 |  | 2
Profit and loss account |  |  | 1,384,579 |  | 1,364,726
|  |  | 1,384,581 |  | 1,364,728
The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
L M Gladysz
Director
Date: 10 June 2026
The notes on pages 11 to 21 form part of these financial statements. Page 9
ACCU-TECH SYSTEMS LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025
|  |  | 2025 | 2024
|  |  | £ | £
CASH FLOWS FROM OPERATING ACTIVITIES |  |
Profit for the financial year | 25,791 | 19,206
ADJUSTMENTS FOR: |  |
Depreciation of tangible assets | 4,304 | 4,111
Interest received | (20,750) | (20,938)
Taxation charge | 8,234 | 6,426
(Increase)/decrease in stocks | (3,689) | 9,580
Decrease/(increase) in debtors | 91,527 | (71,967)
(Decrease)/increase in creditors | (12,229) | 920
(Decrease)/increase in amounts owed to group undertakings | (17,724) | 25,496
Corporation tax (paid) | (9,400) | (58,583)
NET CASH (USED IN) / GENERATED FROM OPERATING ACTIVITIES | 66,064 | (85,749)
CASH FLOWS FROM INVESTING ACTIVITIES |  |
Purchase of tangible fixed assets | - | (8,573)
Interest received | 20,750 | 20,938
NET CASH FROM INVESTING ACTIVITIES | 20,750 | 12,365
CASH FLOWS FROM FINANCING ACTIVITIES |  |
Dividends paid | (9,604) | (123,770)
NET CASH USED IN FINANCING ACTIVITIES | (9,604) | (123,770)
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | 77,210 | (197,154)
Cash and cash equivalents at beginning of year | 1,307,191 | 1,504,345
CASH AND CASH EQUIVALENTS AT THE END OF YEAR | 1,384,401 | 1,307,191
CASH AND CASH EQUIVALENTS AT THE END OF YEAR COMPRISE: |  |
Cash at bank and in hand | 1,384,401 | 1,307,191
| 1,384,401 | 1,307,191
Page 10
ACCU-TECH SYSTEMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | COMPANY INFORMATION
Accu-Tech Systems Limited is a limited liability company incorporated in Scotland. The registered office is 1 George Square, Glasgow, Scotland, G2 1AL 2.ACCOUNTING POLICIES
| 2.1 | BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3). The financial statements are prepared in Sterling which is the functional currency of the company. The following principal accounting policies have been applied:
| 2.2 | GOING CONCERN
The Company’s financial statements are prepared on a going concern basis, which contemplates the realisation of assets and the satisfaction of obligations in the normal course of business. The Directors assess whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The Directors make this assessment in respect of a period of one year from the date of approval of the financial statements. The Directors continue to monitor the economic climate and the possible effect on the long-term reserves of the Company. In reaching this conclusion, the directors have made enquiries of the parent company and received a letter from the parent company which confirms the parent’s intention to continue to provide the financial support which this company may require. While the letter confirms only the current intention of the parent company, the directors have no reason to believe any such support, if it is required, will not be received. Under all the scenarios considered, the Company has sufficient reserves to enable it to continue as a going concern for the foreseeable future. For this reason, it continues to adopt the going concern basis in preparing the financial statements. Page 11
ACCU-TECH SYSTEMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.3 | REVENUE
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction. Rendering of services Revenue from a contract to provide services is recognised over the period of time in which the service is provided and when the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is confirmed that the Company will receive the consideration due under the contract; ∙the revenue earned is based over a period of time agreed between both parties.
| 2.4 | TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 33% | straight line
|  |  |  | Fixtures and fittings | - | 20% | straight line
|  |  |  | Office equipment | - | 33% | straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 12
ACCU-TECH SYSTEMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.5 | STOCKS
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is determined using a standard costing method, which approximates actual cost and is regularly reviewed and updated to reflect current conditions. At each reporting date, stocks are assessed for impairment. If stock is 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.
| 2.6 | DEBTORS
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.7 | FINANCIAL INSTRUMENTS
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
| 2.8 | CREDITORS
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.9 | FOREIGN CURRENCY TRANSLATION
Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
| 2.10 | FINANCE COSTS
Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 13
ACCU-TECH SYSTEMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.11 | OPERATING LEASES: THE COMPANY AS LESSEE
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.12 | PENSIONS
DEFINED CONTRIBUTION PENSION PLAN The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.13 | INTEREST INCOME
Interest income is recognised in profit or loss using the effective interest method.
| 2.14 | CURRENT AND DEFERRED TAXATION
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. 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. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.15 | DIVIDENDS
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Page 14
ACCU-TECH SYSTEMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.16 | CASH AND CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.
| 2.17 | PROVISIONS FOR LIABILITIES
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
3. | JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY
The preparation of financial statements in conformity with FRS 102 requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenditure. The estimates and assoiated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making judgments about carrying values of assets and liabilities that are not readily available from other sources. Actual results may subsequently differ from these estimates. Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The critical accounting judgments adopted by management applicable to this company are: ∙Stock provisions which are based on the relative ageing of the products held at the year end date. Management apply judgement as to the most applicable treatment based on likely future use. ∙Judgements relating to the recoverability of debts require assumptions to be made regarding the settlement of sales invoices. Recoverability is assessed on an individual basis and a specific provision is made at the reporting date. Page 15
ACCU-TECH SYSTEMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | TURNOVER
Analysis of turnover by country of destination:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| United Kingdom | 290,755 | 261,055
| Rest of Europe | 37,527 | 127,514
| Rest of the world | 38,963 | 24,650
|  | 367,245 | 413,219
5. | OPERATING PROFIT
| The operating profit is stated after charging:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Auditors remuneration | 13,335 | 12,700
| Foreign exchange gains and losses | 9,581 | 8,193
| Depreciation on tangible fixed assets | 4,304 | 4,111
| Defined contribution pension cost | 3,469 | 3,348
6. | EMPLOYEES
| The average monthly number of employees, including the Directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Employees | 3 | 3
7. | DIRECTORS' REMUNERATION
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Directors' emoluments | 83,462 | 87,082
| Company contributions to defined contribution pension schemes | 2,041 | 2,041
|  | 85,503 | 89,123
| During the year retirement benefits were accruing to 1 Director (2024: 1) in respect of defined contribution pension schemes.
Page 16
ACCU-TECH SYSTEMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
8. | INTEREST RECEIVABLE
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other interest receivable | 20,750 | 20,938
|  | 20,750 | 20,938
9. | TAXATION
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| CORPORATION TAX |  |
| Current tax on profits for the year | 8,152 | 5,515
| Adjustments in respect of previous periods | 920 | 18
|  | 9,072 | 5,533
| TOTAL CURRENT TAX | 9,072 | 5,533
| DEFERRED TAX |  |
| Origination and reversal of timing differences | 1,270 | 893
| Adjustments in respect of prior periods | (2,108) | -
| TOTAL DEFERRED TAX | (838) | 893
| TAX ON PROFIT | 8,234 | 6,426
Page 17
ACCU-TECH SYSTEMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 9.TAXATION (CONTINUED)
| FACTORS AFFECTING TAX CHARGE FOR THE YEAR
| The tax assessed for the year is lower than (2024: higher than) the standard rate of corporation tax in the UK of 25% (2024:25%). The differences are explained below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 37,691 | 25,632
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024: 25%) | 9,423 | 6,408
| EFFECTS OF: |  |
| Adjustments to tax charge in respect of prior periods | 920 | 18
| Adjustments to tax charge in respect of prior periods - deferred tax | (2,109) | -
| TOTAL TAX CHARGE FOR THE YEAR | 8,234 | 6,426
| FACTORS THAT MAY AFFECT FUTURE TAX CHARGES
There were no factors that may affect future tax charges. Page 18
ACCU-TECH SYSTEMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. | TANGIBLE FIXED ASSETS
|  | Plant and machinery | Fixtures and fittings | Office equipment | Total
|  | £ | £ | £ | £
| COST |  |  |  |
| At 1 January 2025 | 24,400 | 2,460 | 9,439 | 36,299
| Disposals | (10,745) | - | (1,723) | (12,468)
| At 31 December 2025 | 13,655 | 2,460 | 7,716 | 23,831
| DEPRECIATION |  |  |  |
| At 1 January 2025 | 21,887 | 2,460 | 5,864 | 30,211
| Charge for the year on owned assets | 2,320 | - | 1,984 | 4,304
| Disposals | (10,745) | - | (1,723) | (12,468)
| At 31 December 2025 | 13,462 | 2,460 | 6,125 | 22,047
| NET BOOK VALUE |  |  |  |
| At 31 December 2025 | 193 | - | 1,591 | 1,784
| At 31 December 2024 | 2,513 | - | 3,575 | 6,088
Page 19
ACCU-TECH SYSTEMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
11. | STOCKS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 22,210 | 18,521
|  | 22,210 | 18,521
12. | DEBTORS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 46,533 | 119,964
| Other debtors | 10,495 | 24,573
| Prepayments and accrued income | 1,480 | 1,504
|  | 58,508 | 146,041
13. | CASH AND CASH EQUIVALENTS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 1,384,401 | 1,307,191
|  | 1,384,401 | 1,307,191
14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 5,923 | 11,743
| Amounts owed to group undertakings | 16,026 | 33,750
| Other taxation and social security | 27,410 | 3,794
| Accruals and deferred income | 32,073 | 60,863
|  | 81,432 | 110,150
15. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accruals and deferred income | 562 | 1,797
|  | 562 | 1,797
Page 20
ACCU-TECH SYSTEMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
16. | DEFERRED TAXATION
|  | 2025
|  | £
| At beginning of year | (1,166)
| Charged to profit or loss | 838
| AT END OF YEAR | (328)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (446) | (1,166)
| Short term timing differences | 118 | -
|  | (328) | (1,166)
17. | SHARE CAPITAL
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | ALLOTTED, CALLED UP AND FULLY PAID |  |
|  | 2 (2024: 2) Ordinary shares of £1.00 each | 2 | 2
18. | RELATED PARTY TRANSACTIONS
| The company has taken advantage of the exemption provided in FRS 102 (section 33) to not disclose transactions with group entities.
19. | CONTROLLING PARTY
The company's immediate parent undertaking is Accu-Time Systems Inc, a company registered in the United States of America. The directors consider the ultimate controlling parent to be Amano Corporation Japan.
Page 21