Acorah Software Products - Accounts Production 19.3.550 false true 31 December 2024 1 January 2024 false 30 July 2026 1 January 2025 31 December 2025 31 December 2025 SC180205 Mr G M Mathieu O Vatel Mr G Murray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC180205 2024-12-31 SC180205 2025-12-31 SC180205 2025-01-01 2025-12-31 SC180205 frs-core:CurrentFinancialInstruments 2025-12-31 SC180205 frs-core:Non-currentFinancialInstruments 2025-12-31 SC180205 frs-core:BetweenOneFiveYears 2025-12-31 SC180205 frs-core:ComputerEquipment 2025-12-31 SC180205 frs-core:ComputerEquipment 2025-01-01 2025-12-31 SC180205 frs-core:ComputerEquipment 2024-12-31 SC180205 frs-core:FurnitureFittings 2025-12-31 SC180205 frs-core:FurnitureFittings 2025-01-01 2025-12-31 SC180205 frs-core:FurnitureFittings 2024-12-31 SC180205 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-12-31 SC180205 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 SC180205 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 SC180205 frs-core:PlantMachinery 2025-12-31 SC180205 frs-core:PlantMachinery 2025-01-01 2025-12-31 SC180205 frs-core:PlantMachinery 2024-12-31 SC180205 frs-core:WithinOneYear 2025-12-31 SC180205 frs-core:ShareCapital 2025-12-31 SC180205 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 SC180205 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC180205 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 SC180205 frs-bus:SmallEntities 2025-01-01 2025-12-31 SC180205 frs-bus:Audited 2025-01-01 2025-12-31 SC180205 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC180205 frs-bus:Director1 2025-01-01 2025-12-31 SC180205 frs-bus:Director2 2025-01-01 2025-12-31 SC180205 frs-bus:Director3 2025-01-01 2025-12-31 SC180205 frs-countries:Scotland 2025-01-01 2025-12-31 SC180205 2023-12-31 SC180205 2024-12-31 SC180205 2024-01-01 2024-12-31 SC180205 frs-core:CurrentFinancialInstruments 2024-12-31 SC180205 frs-core:Non-currentFinancialInstruments 2024-12-31 SC180205 frs-core:BetweenOneFiveYears 2024-12-31 SC180205 frs-core:WithinOneYear 2024-12-31 SC180205 frs-core:ShareCapital 2024-12-31 SC180205 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: SC180205
Ion Beam Services U.K. Limited
Financial Statements
For The Year Ended 31 December 2025
Glen Drummond Ltd
Chartered Accountants
Argyll House
Quarrywood Court
Livingston
EH54 6AX
Ion Beam Services U.K. Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—5

Page 1
Ion Beam Services U.K. Limited
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: SC180205

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 480,277 |  | 222,371
|  |  | 480,277 |  | 222,371
CURRENT ASSETS
Stocks | 5 | 7,734,457 |  | 3,531,837 |
Debtors | 6 | 4,933,062 |  | 1,160,058 |
Cash at bank and in hand |  | 22,053 |  | - |
|  | 12,689,572 |  | 4,691,895 |
Creditors: Amounts Falling Due Within One Year | 7 | (14,934,742 ) |  | (5,995,513 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (2,245,170 ) |  | (1,303,618 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (1,764,893 ) |  | (1,081,247 )
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (15,732 ) |  | (21,981 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (60,915 ) |  | (55,598 )
NET LIABILITIES |  |  | (1,841,540 ) |  | (1,158,826 )
CAPITAL AND RESERVES
Called up share capital | 11 |  | 500,000 |  | 500,000
Profit and Loss Account |  |  | (2,341,540 ) |  | (1,658,826 )
SHAREHOLDERS' FUNDS |  |  | (1,841,540) |  | (1,158,826)

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr G M Mathieu Director
30 July 2026

The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Ion Beam Services U.K. Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Ion Beam Services U.K. Limited is a private company, limited by shares, incorporated in Scotland, registered number SC180205 . The registered office is 50 Lothian Road, Festival Square, Edinburgh, EH3 9WJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention.
In adopting the going concern basis for preparing the financial statements, the directors have considered the issues impacting the company during the period. The directors have also reviewed the impact of trading conditions since the year end. The company had net current liabilities of £2,245,170 as at 31 December 2025 and net liabilities of £1,841,540. Throughout the year, and since the year end the company has continued to meet its current liabilities as they fall due whilst operating within the facilities agreed with its bank. Based on the cash flow forecasts and operating budgets, and assuming current levels of trade are maintained, the directors believe that the company will generate sufficient cash to continue to meet its requirements for at least the next 12 months, whilst working within agreed bank facilities. The company's bankers and parent undertaking have continued to support the company since the year end and indications are that this support will continue. Accordingly, the directors believe that the financial statements should be prepared on a going concern basis. No adjustment has been made should this support be withdrawn and the company be unable to replace the facilities.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
The accounting policy for recognising turnover is to recognise 90% of the contract value when the customer agrees that the goods are complete and ready to be delivered. The remaining 10% of the contract balance is recognised once the goods are delivered and installed to the customer.
Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | 2% straight line
Plant & Machinery | 20% straight line
Fixtures & Fittings | 20% straight line
Computer Equipment | 33% straight line

2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stock and work in progress are stated at the lower of cost and net realisable value. Stock is valued after making due allowance for obsolete stock and slow moving items.
Work in progress is reflected in the accounts on a contract by contract basis. Work in progress includes the relevant amount of income attributable to the contract less raw materials, labour, other direct costs and the absorption of an appropriate proportion of production overheads based on normal production capacity. The effect of the change in accounting policy on 2025 to absorb overheads in to work in progress was to reduce the loss for the year by £960,106 and increase work in progress by the same amount.
Page 2
Page 3
Ion Beam Services U.K. Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.6. Financial Instruments
Basic financial instruments are initially recognised at transaction price, including transaction costs, and subsequently measured at amortised cost using the effective interest method, where applicable. These can include trade and other debtors, cash and bank balances, trade and other creditors, and intercompany balances. Financial assets are assessed at the end of each reporting period for evidence of impairment and adjusted if necessary. The company does not hold or issue any complex financial instruments such as derivatives.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2024: 25)
28 25
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 January 2025 | - | 1,732,025 | 37,441 | 145,865 | 1,915,331
Additions | 219,466 | 142,019 | 448 | 11,202 | 373,135
As at 31 December 2025 | 219,466 | 1,874,044 | 37,889 | 157,067 | 2,288,466
Depreciation
As at 1 January 2025 | - | 1,544,892 | 33,191 | 114,877 | 1,692,960
Provided during the period | - | 100,593 | 1,292 | 13,344 | 115,229
As at 31 December 2025 | - | 1,645,485 | 34,483 | 128,221 | 1,808,189
Net Book Value
As at 31 December 2025 | 219,466 | 228,559 | 3,406 | 28,846 | 480,277
As at 1 January 2025 | - | 187,133 | 4,250 | 30,988 | 222,371

Page 3
Page 4
Ion Beam Services U.K. Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 1,436,552 |  | 1,532,595
Work in progress | 6,297,905 |  | 1,999,242
| 7,734,457 |  | 3,531,837

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 296,479 |  | 966,481
Other debtors | 4,636,583 |  | 193,577
| 4,933,062 |  | 1,160,058

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 6,817 |  | 6,817
Trade creditors | 1,016,698 |  | 1,167,847
Bank loans and overdrafts | - |  | 147,249
Amounts owed to group undertakings | 10,812,365 |  | 3,193,871
Other creditors | 2,976,429 |  | 1,448,766
Taxation and social security | 122,433 |  | 30,963
| 14,934,742 |  | 5,995,513

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 15,732 |  | 21,981

9. Secured Creditors
The bank overdraft and loan from the parent undertaking are secured with a bond and floating charge over the assets of the company.
The finance lease/hire purchase liabilities are secured over the assets concerned.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 22,549 |  | 28,797
Bank loans and overdrafts | - |  | 165,981

Page 4
Page 5
Ion Beam Services U.K. Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
10. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 6,817 |  | 6,817
Later than one year and not later than five years | 15,732 |  | 21,981
| 22,549 |  | 28,798
| 22,549 |  | 28,798

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 500,000 |  | 500,000

12. Related Party Transactions
The company operates a loan account with IBS SA.
During the year IBS SA advanced loans totalling £7,618,494 to the company. At the year end the balance due to IBS SA was £10,812,365 (2024 - £3,193,871). This loan is unsecured and has no fixed repayment terms.
13. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
14. Audit Information
The auditor's report on the accounts of Ion Beam Services U.K. Limited for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by Robert A Pollock, CA (Senior Statutory Auditor) for and on behalf of Sharles Audit Ltd , Statutory Auditor.

Sharles Audit Ltd 29 Brandon Street Hamilton ML3 6DA

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