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REGISTERED NUMBER: 06946307 (England and Wales)

Financial Statements for the Year Ended 31 August 2025

for

Itexact Limited

Itexact Limited (Registered number: 06946307)

Contents of the Financial Statements

for the Year Ended 31 August 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Itexact Limited

Company Information

for the Year Ended 31 August 2025

| DIRECTORS: | H W W Groothedde

| D Longe

| N A May

| N J Beattie

| L H Fine

| S Dane

| J Gottlander

| P J Turpin

| REGISTERED OFFICE: | Richmond House

| Lawnswood Business Park

| Redvers Close

| Leeds

| West Yorkshire

| LS16 6QY

| REGISTERED NUMBER: | 06946307 (England and Wales)

| ACCOUNTANTS: | Richard Smedley Limited

| Chartered Accountants & Registered Auditors

| Richmond House

| Lawnswood Business Park

| Redvers Close

| Leeds

| West Yorkshire

| LS16 6QY

Itexact Limited (Registered number: 06946307)

Balance Sheet

31 August 2025

| 31.8.25 | 31.8.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 3,084,074 |  | 2,922,597 |  |

Tangible assets | 5 | 57,840 |  | 22,414 |  |

Investments | 6 | 1,186 |  | 1,186 |  |

3,143,100 |  | 2,946,197 |  |

CURRENT ASSETS

Debtors | 7 | 1,587,797 |  | 1,276,125 |  |

Cash at bank | 1,724,831 |  | 1,167,487 |  |

3,312,628 |  | 2,443,612 |  |

CREDITORS

Amounts falling due within one year | 8 | 832,943 |  | 918,716 |  |

NET CURRENT ASSETS | 2,479,685 |  | 1,524,896 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,622,785 |  | 4,471,093 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (1,601,100 | ) | (1,441,057 | ) |

PROVISIONS FOR LIABILITIES | (785,478 | ) | (736,253 | ) |

NET ASSETS | 3,236,207 |  | 2,293,783 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Share premium | 4,191,963 |  | 3,191,971 |  |

Retained earnings | (955,758 | ) | (898,190 | ) |

SHAREHOLDERS' FUNDS | 3,236,207 |  | 2,293,783 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Itexact Limited (Registered number: 06946307)

Balance Sheet - continued

31 August 2025

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 5 August 2026 and were signed on its behalf by:

P J Turpin - Director

Itexact Limited (Registered number: 06946307)

Notes to the Financial Statements

for the Year Ended 31 August 2025

1. | STATUTORY INFORMATION

| Itexact 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 as modified by the revaluation of certain assets.

| Turnover

| 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:

| Rendering of services

| Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

| • the amount of revenue can be measured reliably;

| • it is probable that the Company will receive the consideration due under the contract;

| • the stage of completion of the contract at the end of the reporting period can be measured reliably; and

| • the costs incurred and the costs to complete the contract can be measured reliably.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Development costs are being amortised evenly over their 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.

| Fixtures and fittings | - | 25% on reducing balance

| Computer equipment | - | Straight line over 3 years

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| 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.

Itexact Limited (Registered number: 06946307)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

2. | ACCOUNTING POLICIES - continued

| 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

| In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives.

| If it is not possible to distinguish between the research phase and the development phase of an internal project , the expenditure is treated as if it were all incurred in the research phase only.

| Foreign currencies

| 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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 30 (2024 - 20 ) .

Itexact Limited (Registered number: 06946307)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

4. | INTANGIBLE FIXED ASSETS

| Development

| costs

£ |

| COST OR VALUATION

| At 1 September 2024 | 4,908,458 |  |

| Additions | 1,267,359 |  |

| At 31 August 2025 | 6,175,817 |  |

| AMORTISATION

| At 1 September 2024 | 1,985,861 |  |

| Amortisation for year | 1,105,882 |  |

| At 31 August 2025 | 3,091,743 |  |

| NET BOOK VALUE

| At 31 August 2025 | 3,084,074 |  |

| At 31 August 2024 | 2,922,597 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 September 2024 | 9,590 |  | 67,925 |  | 77,515 |  |

| Additions | 4,885 |  | 53,309 |  | 58,194 |  |

| At 31 August 2025 | 14,475 |  | 121,234 |  | 135,709 |  |

| DEPRECIATION

| At 1 September 2024 | 8,752 |  | 46,349 |  | 55,101 |  |

| Charge for year | 1,484 |  | 21,284 |  | 22,768 |  |

| At 31 August 2025 | 10,236 |  | 67,633 |  | 77,869 |  |

| NET BOOK VALUE

| At 31 August 2025 | 4,239 |  | 53,601 |  | 57,840 |  |

| At 31 August 2024 | 838 |  | 21,576 |  | 22,414 |  |

Itexact Limited (Registered number: 06946307)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertaking

£ |

| COST

| At 1 September 2024

| and 31 August 2025 | 1,186 |  |

| NET BOOK VALUE

| At 31 August 2025 | 1,186 |  |

| At 31 August 2024 | 1,186 |  |

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| UAB Absolute Systems

| Registered office: 4 Vilnius, Lithuania

| Nature of business: Computer software development

| %

| Class of shares: | holding |

| Ordinary shares | 51.00 |

| 31.8.25 |  | 31.8.24

£ | £ |

| Aggregate capital and reserves | 15,411 |  | 13,457 |  |

| Profit for the year | 7,921 |  | 1,508 |  |

| Surveil Inc

| Registered office: 31920 Del Obispo Street, STE 180, San Juan Capistrano, California, CA92675

| Nature of business: Computer software development

| %

| Class of shares: | holding |

| Common Shares | 100.00 |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.8.25 |  | 31.8.24

£ | £ |

| Trade debtors | 891,586 |  | 887,096 |  |

| Other debtors | 696,211 |  | 389,029 |  |

1,587,797 |  | 1,276,125 |  |

Itexact Limited (Registered number: 06946307)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.8.25 |  | 31.8.24

£ | £ |

| Bank loans and overdrafts | 46,324 |  | 95,766 |  |

| Trade creditors | 69,902 |  | 66,189 |  |

| Taxation and social security | 313,765 |  | 237,996 |  |

| Other creditors | 402,952 |  | 518,765 |  |

832,943 |  | 918,716 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.8.25 |  | 31.8.24

£ | £ |

| Bank loans | - |  | 46,320 |  |

| Other creditors | 1,601,100 |  | 1,394,737 |  |

1,601,100 |  | 1,441,057 |  |

10. | LEASING AGREEMENTS

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

| 31.8.25 |  | 31.8.24

£ | £ |

| Within one year | 31,148 |  | 34,200 |  |

| Between one and five years | 5,800 |  | - |  |

36,948 |  | 34,200 |  |