REGISTERED NUMBER: 04170578 (England and Wales)

Strategic Report,

Report of the Director and

Financial Statements

for the Year Ended 31 December 2025

for

LEADSCALE SERVICES LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Director

4

Report of the Independent Auditors

5

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

DIRECTOR:

Mr R J Caller

SECRETARY:

Mr E Lee

REGISTERED OFFICE:

Unit 1, 6 Owen Street

London

London

EC1V 7JX

REGISTERED NUMBER:

04170578 (England and Wales)

AUDITORS:

Whitemoor Audit LLP

5th Floor

111 Charterhouse Street

London

EC1M 6AW

The director presents his strategic report for the year ended 31 December 2025.

Fair Review of the Group's Business

During the financial year ended 31 December 2025, Leadscale Services Limited delivered a strong financial performance, reflecting both improved market conditions and the strategic actions taken by management during the previous year.

Revenue increased by 17% to £11.7 million compared with £10 million in the previous year. Net revenue increased by 34% to £2.4 million, demonstrating the strength of the company's client relationships and the effectiveness of its service delivery model. This growth was achieved while maintaining total operational costs at broadly the same level as the prior year, resulting in a significant improvement in profitability.

The Leadscale Services Limited reported a profit before dividends of approximately £941,000, representing a substantial increase from the profit of around £370,000 reported in 2024. This improvement was achieved through disciplined cost management, improved operational execution and stronger trading performance across the business activities.

The Board was particularly pleased with the level to profitability, which enabled the company to provide a dividend to the parent company. The Group maintained a strong balance sheet and closed the period with cash reserves of approximately £1.2 million.

Principal Risks and Uncertainties

The company continues to operate within a dynamic and competitive marketplace, influenced by broader economic conditions and fluctuations in client marketing expenditure. Customer concentration risk, foreign exchange exposure and changing technology purchasing patterns remain areas of ongoing focus.

The rapid emergence of artificial intelligence technologies presents both opportunities and risks across the markets in which the company operates. Whilst AI is expected to create significant efficiency gains for many organisations, it also introduces uncertainty for certain client sectors and business models. Publicly listed companies operating in areas such as business intelligence, data visualisation and analytics software continue to face increasing investor scrutiny regarding the long-term impact of AI-enabled alternatives on future growth prospects. Such concerns can influence market valuations, investment priorities and technology purchasing decisions, potentially affecting marketing expenditure and demand generation activity across the company's client base.

The company continues to monitor these developments closely and enters 2026 with a strong balance sheet, healthy liquidity and a proven ability to adapt to changing market conditions.

Analysis Using Financial Key Performance Indicators

The company achieved revenue growth of 17% during the year, increasing turnover from £10 million in 2024 to £11.7 million in 2025. Net revenue increased by 34% from £1.8 million to £2.4 million.

Total operational costs were maintained at levels broadly consistent with the prior year despite inflationary pressures and continued investment in strategic initiatives. This resulted in a profit before dividend of approximately £941,000, compared with a profit of approximately £370,000 in the previous year.

The company maintained a strong liquidity position and ended the year with approximately £1.2 million in cash reserves, with a healthy balance between trade debtors and trade creditors.

Future Developments of the Company and Group

Whilst the company expects the first half of 2026 to experience temporary reduction in revenue levels, management remains confident that performance will improve during the second half of the year. The profitability is expected to continue between the levels of the previous two years. Together with the company's strong cash position, the company is positioned to continue growing. Management believes Leadscale Services Limited is well positioned to capitalise on emerging market opportunities and support sustainable growth over the next five years.

ON BEHALF OF THE BOARD:

Mr R J Caller - Director

15 July 2026

The director presents his report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of advertising agencies.

DIVIDENDS

An interim dividend of £350,000 per share was paid on 31 December 2025. The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 31 December 2025 will be £ 350,000 .

DIRECTOR

Mr R J Caller held office during the whole of the period from 1 January 2025 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is 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 director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is 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 enable him to ensure that the financial statements comply with the Companies Act 2006. He is 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Whitemoor Audit LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr R J Caller - Director

15 July 2026

Opinion

We have audited the financial statements of Leadscale Services Limited (the 'company') for the year ended 31 December 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, 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 UK, including the FRC'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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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.

Opinions 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 Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Director have 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 Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where 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 director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

The engagement partner and engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and affect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation; we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management.

The identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining on how fraud might occur, by:

- Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of

actual, suspected and alleged fraud;

- And considering the measures in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override controls, we:

- Performed analytical procedures to identify any unusual or unexpected relationships;

- Tested journal entries to identify unusual transactions

- Assessed whether judgements and assumptions made in determining the accounting estimates that were

indicative of potential bias.

- Performed substantive testing on management expenses and transactions

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- Agreeing financial statement disclosures to underlying supporting documentation;

- Enquiring of management as to actual and potential litigation and claims

- And reviewing available correspondence with HMRC and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.

Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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 Report of the Auditors.

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 a Report of the Auditors 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.

Neal Brand, FCCA ACA (Senior Statutory Auditor)

for and on behalf of Whitemoor Audit LLP

5th Floor

111 Charterhouse Street

London

EC1M 6AW

16 July 2026

TURNOVER

11,756,361

10,044,824

Cost of sales

9,288,944

8,211,788

GROSS PROFIT

2,467,417

1,833,036

Administrative expenses

1,566,446

1,515,617

OPERATING PROFIT

4

900,971

317,419

Interest receivable and similar income

41,902

52,907

PROFIT BEFORE TAXATION

942,873

370,326

Tax on profit

5

79,416

-

PROFIT FOR THE FINANCIAL YEAR

863,457

370,326

PROFIT FOR THE YEAR

863,457

370,326

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

863,457

370,326

FIXED ASSETS

Intangible assets

7

4,464

4,712

Tangible assets

8

738

3,112

Investments

9

60,124

67,151

65,326

74,975

CURRENT ASSETS

Debtors

10

5,740,662

4,725,762

Cash at bank

1,273,805

1,403,610

7,014,467

6,129,372

CREDITORS

Amounts falling due within one year

11

2,801,443

2,439,454

NET CURRENT ASSETS

4,213,024

3,689,918

TOTAL ASSETS LESS CURRENT LIABILITIES

4,278,350

3,764,893

CAPITAL AND RESERVES

Called up share capital

12

1

1

Retained earnings

13

4,278,349

3,764,892

SHAREHOLDERS' FUNDS

4,278,350

3,764,893

The financial statements were approved by the director and authorised for issue on 15 July 2026 and were signed by:

Mr R J Caller - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

1

3,394,566

3,394,567

Changes in equity

Total comprehensive income

-

370,326

370,326

Balance at 31 December 2024

1

3,764,892

3,764,893

Changes in equity

Dividends

-

(350,000

)

(350,000

)

Total comprehensive income

-

863,457

863,457

Balance at 31 December 2025

1

4,278,349

4,278,350

Cash flows from operating activities

Cash generated from operations

1

416,192

(197,789

)

Net cash from operating activities

416,192

(197,789

)

Cash flows from investing activities

Purchase of intangible fixed assets

(3,336

)

(1,128

)

Purchase of tangible fixed assets

-

(676

)

Purchase of fixed asset investments

(3,055

)

-

Sale of fixed asset investments

10,082

-

Inter-company loan

(234,464

)

(639,652

)

Interest received

41,902

52,907

Net cash from investing activities

(188,871

)

(588,549

)

Cash flows from financing activities

Amount introduced by directors

-

7,885

Amount withdrawn by directors

(7,126

)

(99,918

)

Equity dividends paid

(350,000

)

-

Net cash from financing activities

(357,126

)

(92,033

)

Decrease in cash and cash equivalents

(129,805

)

(878,371

)

Cash and cash equivalents at beginning of year

2

1,403,610

2,281,981

Cash and cash equivalents at end of year

2

1,273,805

1,403,610

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.12.25

31.12.24

£

£

Profit before taxation

942,873

370,326

Depreciation charges

5,957

4,414

Finance income

(41,902

)

(52,907

)

906,928

321,833

Increase in trade and other debtors

(770,904

)

(9,332

)

Increase/(decrease) in trade and other creditors

280,168

(510,290

)

Cash generated from operations

416,192

(197,789

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

1,273,805

1,403,610

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

1,403,610

2,281,981

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank

1,403,610

(129,805

)

1,273,805

1,403,610

(129,805

)

1,273,805

Total

1,403,610

(129,805

)

1,273,805

1.	STATUTORY INFORMATION

Leadscale Services 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.

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

The financial statements are prepared to the nearest whole £ GBP.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and Companies Act 2006.

The preparation of financial statements in compliance with FRS102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

Revenue

Revenue is recognised to the extend 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 service

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 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

The company's domain names are initially recognised at cost. After recognition, under the cost model, the Company's domain names are measured at cost less any accumulated amortisation land any accumulated impairment losses.

The estimated useful lives of the Company's domain is 3 years.

Tangible fixed assets

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

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.

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:

Fixtures and fittings - 33% straight line

Computer 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.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instrument 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 ordinary shares.

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.

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.

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.

Share based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.

The value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).

Where the terms and conditions of option are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.

Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

Interest Income

Interest income is recognised in profit or loss using the effective interest method.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Valuation of investments

Investment in unlisted company shares, whose market value can be reliably determined, are measured to market value at each balance sheet date. Gains and losses on revaluation are recognised in the statement of comprehensive income for the period, Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

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.

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.

Creditors

Short-term creditors are measured at 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, less any impairment.

3.	EMPLOYEES AND DIRECTORS

31.12.25

31.12.24

£

£

Wages and salaries

775,780

832,093

Social security costs

102,890

95,567

Other pension costs

25,562

19,003

904,232

946,663

The average number of employees during the year was as follows:

31.12.25

31.12.24

Sales

11

11

Admin

3

3

14

14

31.12.25

31.12.24

£

£

Director's remuneration

-

-

4.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.12.25

31.12.24

£

£

Depreciation - owned assets

2,374

3,409

Patents and licences amortisation

3,584

1,005

Auditors' remuneration

10,500

10,500

Foreign exchange differences

43,708

(24,225

)

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.12.25

31.12.24

£

£

Current tax:

UK corporation tax

79,416

-

Tax on profit

79,416

-

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

31.12.25

31.12.24

£

£

Profit before tax

942,873

370,326

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

235,718

92,582

Effects of:

Expenses not deductible for tax purposes

16,523

12,011

Depreciation in excess of capital allowances

76

388

Group Relief

(76,245

)

(104,981

)

Research and Development expenditure credit

(96,656

)

-

Total tax charge

79,416

-

6.

DIVIDENDS

31.12.25

31.12.24

£

£

Ordinary share of 1

Interim

350,000

-

7.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2025

13,655

Additions

3,336

At 31 December 2025

16,991

AMORTISATION

At 1 January 2025

8,943

Amortisation for year

3,584

At 31 December 2025

12,527

NET BOOK VALUE

At 31 December 2025

4,464

At 31 December 2024

4,712

8.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

48,058

38,624

86,682

DEPRECIATION

At 1 January 2025

46,668

36,902

83,570

Charge for year

981

1,393

2,374

At 31 December 2025

47,649

38,295

85,944

NET BOOK VALUE

At 31 December 2025

409

329

738

At 31 December 2024

1,390

1,722

3,112

9.	FIXED ASSET INVESTMENTS

31.12.25

31.12.24

£

£

Other investments not loans

60,124

67,151