REGISTERED NUMBER: 03472486 (England and Wales)

Financial Statements

for the Year Ended 31st December 2025

for

Transoft Solutions (UK) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A. G. Brozek

M. S. E. Carrasco

C. M. White

D. A. Shihundu

REGISTERED OFFICE:

Alpha Tower

Suffolk Street Queensway

Birmingham

B1 1TT

REGISTERED NUMBER:

03472486 (England and Wales)

AUDITORS:

Sadofskys

Statutory Auditors

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

BANKERS:

HSBC Bank plc

126 The Parade

Leamington Spa

Warwickshire

CV32 4AJ

SOLICITORS:

The Wilkes Partnership

41 Church Street

Birmingham

B3 2RT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

101,716

36,545

101,716

36,545

CURRENT ASSETS

Debtors

6

1,109,904

936,869

Cash at bank

2,248,535

2,413,596

3,358,439

3,350,465

CREDITORS

Amounts falling due within one year

7

428,757

848,488

NET CURRENT ASSETS

2,929,682

2,501,977

TOTAL ASSETS LESS CURRENT LIABILITIES

3,031,398

2,538,522

PROVISIONS FOR LIABILITIES

9

(24,238

)

(78,618

)

ACCRUALS AND DEFERRED INCOME

(2,625,579

)

(2,107,559

)

NET ASSETS

381,581

352,345

CAPITAL AND RESERVES

Called up share capital

10

60

60

Capital redemption reserve

50

50

Retained earnings

381,471

352,235

SHAREHOLDERS' FUNDS

381,581

352,345

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 2nd April 2026 and were signed on its behalf by:

C. M. White - Director

1.	STATUTORY INFORMATION

Transoft Solutions (UK) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue from support and subscription contracts is recognised over the term of the contract.

Development costs

Development costs are amortised on a straight line basis over each project's estimated useful life of between two and five years, beginning with the period in which the project's commercial production or application commences. Development costs are capitalised where it is probable that sufficient future economic benefits will be derived so as to recover those costs.

Computer software

Expenditure on the acquisition of computer software licences, and related costs, is amortised over its estimated useful life of five years.

Tangible fixed assets

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

Improvements to property

-

straight line over 6 years

Plant and machinery

-

15% on reducing balance

Computer equipment

-

25% on cost

Financial instruments

Basic financial instruments are initially measured at transaction price, net of transaction costs, and subsequently held at amortised cost less any impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred, except where there is a clearly defined project for which the expenditure is separately identifiable, and the outcome of such a project has been assessed by the directors, using their technical knowledge, as to its feasibility and commercial viability.

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 34 (2024 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st January 2025

350,549

Disposals

(4,151

)

At 31st December 2025

346,398

AMORTISATION

At 1st January 2025

350,549

Eliminated on disposal

(4,151

)

At 31st December 2025

346,398

NET BOOK VALUE

At 31st December 2025

-

At 31st December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2025

265,121

Additions

96,811

Disposals

(206,987

)

At 31st December 2025

154,945

DEPRECIATION

At 1st January 2025

228,576

Charge for year

26,606

Eliminated on disposal

(201,953

)

At 31st December 2025

53,229

NET BOOK VALUE

At 31st December 2025

101,716

At 31st December 2024

36,545

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

211,350

348,786

Amounts owed by group undertakings

141,825

10,000

Other debtors

644,726

537,879

997,901

896,665

Amounts falling due after more than one year:

Other debtors

112,003

40,204

Aggregate amounts

1,109,904

936,869

Prepayments and accrued income includes deferred expenses of £588,792 (2024 - £444,699) for royalty payments relating to future periods.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

51,680

62,875

Amounts owed to group undertakings

-

238,342

Taxation and social security

368,172

541,319

Other creditors

8,905

5,952

428,757

848,488

8.	SECURED DEBTS

The company's present and future obligations and liabilities to Bank of Montreal are secured by way of fixed and floating charges over all of the company's property, assets, and book debts.

At the balance sheet date the amount owed to Bank of Montreal was £nil (2024 - £nil).

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

24,238

3,618

Provision for dilapidations

-

75,000

24,238

78,618

Deferred

Other

tax

provisions

£

£

Balance at 1st January 2025

3,618

75,000

Charge to Income Statement during year

20,620

-

Utilised during year

-

(75,000

)

Balance at 31st December 2025

24,238

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

60

Ordinary

£1

60

60

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

The Report of the Auditors was unqualified.

Alan Brocklehurst (Senior Statutory Auditor)

for and on behalf of Sadofskys

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	POST BALANCE SHEET EVENTS

Following the balance sheet date the company has conditionally committed approximately £500,000 for a strategic business development project. At the date of approval of these financial statements, this commitment remains subject to final confirmation. Accordingly, no adjustment has been made to the figures reported in these financial statements.

14.	ULTIMATE CONTROLLING PARTY