Company registration number 11506836 (England and Wales)
IDNS HOLDINGS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
IDNS HOLDINGS LIMITED
COMPANY INFORMATION
Directors
D L Clayman
D J Shuttleworth
Company number
11506836
Registered office
Unit 1B Springfield Court
Summerfield Road
Bolton
BL3 2NT
Auditor
CWR
20 Mannin Way
Lancaster Business Park
Caton Road
Lancaster
LA1 3SW
IDNS HOLDINGS LIMITED
CONTENTS
Page
Strategic report
1 - 4
Directors' report
5
Directors' responsibilities statement
6
Independent auditor's report
7 - 10
Group statement of comprehensive income
11
Group balance sheet
12
Company balance sheet
13
Group statement of changes in equity
14
Company statement of changes in equity
15
Group statement of cash flows
16
Company statement of cash flows
17
Notes to the financial statements
18 - 35
IDNS HOLDINGS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The directors present the strategic report for the year ended 31 December 2025.

Review of the business

During 2025, IDNS has continued to build on its strategic pivot from a hardware-led reseller to a higher-margin, solutions-driven integrator of IT and AV technology. The Group's focus on professional services, managed services, and recurring revenue streams has further strengthened its position across its chosen markets of higher and further education, healthcare, corporates, and the wider public sector.

As anticipated, turnover reduced during the year to £19.7m (2024: £21.9m). This reduction was expected and reflects the Group's continued strategic move away from lower-margin hardware supply towards higher-value solutions and services. The reduction in hardware-related revenue was partially offset by growth in new and expanded contracts with Universities and NHS customers. As a result, the Group maintained a strong gross margin of 26.6% (2024: 26.7%), demonstrating that the shift towards higher-value, service-led work continues to protect profitability even as headline revenue moves lower. Key wins secured with Large University customers in 2025 have already guaranteed a portion of 2026 revenue.

This strategy has enabled IDNS to secure longer-term projects, including multiyear contracts and framework positions, with sales cycles often extending over multiple years. Key customer wins in the university and healthcare sectors, alongside growth in consultancy and managed services, have created a stable and scalable platform for future expansion.

The Swansea office, opened in 2024, is now fully embedded and has supported significant growth across Wales. This investment has been reinforced with major framework wins and university contracts, positioning IDNS as a trusted partner for both education and public sector digital transformation.

University Focus

Universities have become a major growth driver for IDNS. During 2025, the Group consolidated its position as a trusted AV and IT partner for leading higher education institutions, securing significant long-term engagements and sole supplier status across multiple campuses. These contracts demonstrate IDNS's ability to win and deliver high-value, multi-year programmes in the higher education sector. The trend is moving towards strategic sole supplier partnerships, where IDNS is embedded as the long-term ICT and AV partner. This provides both predictable revenue streams and cross-selling opportunities for software, cloud, and managed services.

Software and M anaged S ervices

Software solutions and managed services remain central to IDNS's growth strategy. In 2025, the Group delivered strong recurring revenues through Microsoft cloud licensing, cyber security, and data protection services. Pipeline activity continues to increase, supported by inbound demand from education, healthcare, and public sector organisations seeking cost-effective cloud enablement and IT resilience.

IDNS's managed services division continues to be a major area of investment. Dedicated resources have been added to expand capability, with further contracts secured in AV and IT infrastructure management. The Group is positioning itself as a one-stop-shop for clients, delivering both project-based solutions and ongoing managed services that provide predictable recurring income.

High end audio visual

IDNS continues to be recognised as one of the UK's leading AV integrators. In 2025, the Group secured sole supplier status with several universities and maintained a strong position across national frameworks such as NEUPC and NHS SBS.

Growth has been driven by complex, multi-phase projects in lecture theatres, immersive learning spaces, and corporate collaboration environments. IDNS was shortlisted for further AV industry awards during the year, building on international recognition following its 2024 wins, although the Group was not successful on this occasion. The AV division remains a core profit engine and a springboard for cross-selling IT and managed services.

IDNS HOLDINGS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -

Professional Services & Consultancy

Professional services expanded significantly in 2025, with IDNS delivering more large-scale consultancy and project management contracts. The Department for Education engagement has acted as a catalyst for broader opportunities, with building contractors and universities engaging IDNS at the design and consultancy stage of major projects.

Revenue from professional services grew from £2.1 million in 2024 to £2.5 million in 2025, an increase of c.19%, with further growth expected as IDNS scales its team and capacity.

Full ICT network solutions in new builds

IDNS has further consolidated its reputation as a market leader in ICT and AV delivery for new build and refurbishment projects. Live projects in Wales under the WEPCO framework, alongside multiple building contractor partnerships, underpin strong forward visibility.

During the year, IDNS also secured new ICT solutions contracts on prison new-build projects, marking an expansion into the justice and secure estates sector. This represents a new growth avenue for the Group's new-build ICT capability, building on its established track record in education and public sector construction projects.

Workforce and Organisational Change

The average number of employees during the year was 65 (2024: 69), reflecting the Group's ongoing programme to reshape its operating model. As IDNS continues its shift towards a higher-margin, solutions and services-led business, the requirement for traditional telesales resource has reduced, and the Group has restructured its workforce accordingly. This reshaping is expected to continue as the business further aligns its people with its strategic direction towards managed services, professional services, and long-term framework delivery. This reflects a change in the mix of roles rather than a reduction in overall numbers, as demand from university and public sector clients increasingly requires technical, consultancy and delivery resource in place of traditional telesales capacity.

Leadership Changes

During the year, Dave Shuttleworth retired and stepped back from his leadership role within the business, as part of the wider changes to the Group's structure and strategic direction. The increase in the Group's short-term borrowing during the year, including the utilisation of overdraft facilities and increased invoice finance, in part reflects the funding requirements associated with this transition. The Board would like to thank Dave for his contribution to IDNS and wishes him well.

Sustainability

Sustainability has become a core differentiator for IDNS. In 2025, the Group accelerated its Net Zero journey, targeting achievement by 2035, ahead of government deadlines. Initiatives include:

- Partnering with Ecologi to offset emissions.

- 100% renewable energy across offices from 2025.

- Hybrid and EV-only fleet policy.

- Expansion of sustainable IT and AV solutions, including power management software and energy-efficient hardware.

These commitments continue to strengthen IDNS's appeal to public sector clients who are mandated to deliver against their own Net Zero strategies.

IDNS HOLDINGS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
Principal risks and uncertainties

Risk and uncertainty are recognised as normal elements of doing business. The Group manages its risk appetite through the application of a risk framework cycle involving:

• Identification

• Probability

• Impact

• Mitigation

• Contingency

• Review

Major risks are managed through the implementation and monitoring of policies and procedures, including:

• Treating Customers Fairly

• Supplier procurement and management

• Staff recruitment, training and competency, health and safety

The Directors actively monitor key performance and strategic indicators and agree actions to either mitigate against negative movements or exploit opportunities.

Staff and material costs risk

The Group's cost base is sensitive to staff and material cost inflation, including wage growth, competition for skilled technical and consultancy staff, and volatility in hardware and component pricing, particularly on fixed-price framework contracts agreed in advance. These pressures could adversely affect margins if unmitigated. The Group manages this risk through close monitoring of cost trends, contingency built into contract pricing, strong supplier relationships, and its continued shift towards higher-margin, service-led revenue.

Key performance indicators

The key performance indicators that the Group regards as important are:

202 5 202 4

Gross Profit Margin 26.63% 26.68%

Current Ratio 1.14 1.25

The Group’s result for the year ended 31 December 202 5 is a profit before tax of £2,241 (202 4: £240,374).

Future Developments

Looking ahead, IDNS will continue to invest in higher-margin service lines, recurring revenue, and acquisitions. The strategy is centered on:

- Scaling software, AV managed services and cyber security propositions.

- Growing professional services capacity, particularly within higher education and healthcare.

- Leveraging framework positions to increase share of wallet with existing clients, including new opportunities in the justice and secure estates sector.

- Pursuing strategic acquisitions in IT services, MSP, and telecoms to complement organic growth.

With a strong pipeline of projects, resilient market positioning, and growing recurring revenues, the Board believes IDNS is well-placed for continued profitable growth

IDNS HOLDINGS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -

On behalf of the board

D L Clayman
Director
28 July 2026
IDNS HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -

The directors present their annual report and financial statements for the year ended 31 December 2025.

Principal activities

The principal activity of the company and group is that of the design, sale and implementation of computer and audio visual systems.

Results and dividends

The results for the year are set out on page 11.

No ordinary dividends were paid. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

D L Clayman
D J Shuttleworth
Auditor

The auditor, CWR Chartered Accountants was appointed during the year and are deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

On behalf of the board
D L Clayman
Director
28 July 2026
IDNS HOLDINGS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -

The directors are responsible for preparing the Annual 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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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 group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies 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 group and company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

IDNS HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF IDNS HOLDINGS LIMITED
- 7 -
Opinion

We have audited the financial statements of IDNS Holdings Limited (the 'company') and its subsidiaries(the ‘group’) for the year ended 31st December 2025 which comprise the statement of income and retained earnings, statement of financial position, 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 FRS 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 group’s and the parent company's affairs as at 31st December 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;

- 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 auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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 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 group’s and parent 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 auditor’s report thereon. The directors are responsible for the other information. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

IDNS HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF IDNS HOLDINGS LIMITED
- 8 -

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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or 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.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, 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.

Auditor's 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 auditor’s 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.

IDNS HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF IDNS HOLDINGS LIMITED
- 9 -

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:

The objectives of our audit are to identify the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial misstatements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- We obtained an understanding of the legal and regulatory frameworks applicable to the company and the sector in which they operate. We determined that the following laws and regulations were most significant: the Companies Act 2006, the UK Corporate Governance Code and UK corporate taxation laws.

- We obtained an understanding of how the company are complying with those legal and regulatory frameworks by making inquiries of management. We corroborated our inquiries through our review of relevant expense accounts and relevant supporting documentation.

- We assessed the susceptibility of the company’s financial statements to material misstatement, including how fraud might occur. Audit procedures performed included;

- Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;

- Challenging assumptions and judgements made by management in its significant accounting estimates; and

- Assessing the extent of compliance with the relevant laws and regulations.

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 Auditor's Report.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.

IDNS HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF IDNS HOLDINGS LIMITED
- 10 -

• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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 auditor's 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.

Robert Mitchell FCA (Senior Statutory Auditor)
For and on behalf of
CWR
Chartered Accountants
20 Mannin Way
Lancaster Business Park
Caton Road
Lancaster
LA1 3SW
28 July 2026
IDNS HOLDINGS LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 11 -
2025
2024
Notes
£
£
Turnover
3
19,723,988
21,857,702
Cost of sales
(14,471,158)
(16,026,014)
Gross profit
5,252,830
5,831,688
Administrative expenses
(5,303,583)
(5,493,646)
Other operating income
284,778
-
0
Operating profit
4
234,025
338,042
Interest receivable and similar income
8
6,023
-
0
Interest payable and similar expenses
9
(237,807)
(97,668)
Profit before taxation
2,241
240,374
Tax on profit
10
(51,092)
(182,217)
(Loss)/profit for the financial year
27
(48,851)
58,157
(Loss)/profit for the financial year is all attributable to the owners of the parent company.
Total comprehensive income for the year is all attributable to the owners of the parent company.
IDNS HOLDINGS LIMITED
GROUP BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 12 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
12
1,117,799
1,550,494
Other intangible assets
12
193,865
-
0
Total intangible assets
1,311,664
1,550,494
Tangible assets
13
678,853
698,650
1,990,517
2,249,144
Current assets
Stocks
16
47,676
113,459
Debtors
17
2,272,250
2,215,552
Cash at bank and in hand
355,178
827,746
2,675,104
3,156,757
Creditors: amounts falling due within one year
18
(2,338,555)
(2,512,368)
Net current assets
336,549
644,389
Total assets less current liabilities
2,327,066
2,893,533
Creditors: amounts falling due after more than one year
19
(1,167,868)
(1,685,484)
Provisions for liabilities
Deferred tax liability
21
9,672
9,672
(9,672)
(9,672)
Net assets
1,149,526
1,198,377
Capital and reserves
Called up share capital
23
200
200
Capital contribution reserve
24
13,681
30,136
Merger reserve
25
934,845
934,845
Profit and loss reserves
27
200,800
233,196
Total equity
1,149,526
1,198,377
The financial statements were approved by the board of directors and authorised for issue on 28 July 2026 and are signed on its behalf by:
28 July 2026
D L Clayman
Director
Company registration number 11506836 (England and Wales)
IDNS HOLDINGS LIMITED
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 13 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
14
7,036,271
7,036,271
Current assets
Debtors
17
55,175
55,175
Cash at bank and in hand
110
104
55,285
55,279
Creditors: amounts falling due within one year
18
(4,003,230)
(3,599,903)
Net current liabilities
(3,947,945)
(3,544,624)
Total assets less current liabilities
3,088,326
3,491,647
Creditors: amounts falling due after more than one year
19
(246,782)
(564,203)
Net assets
2,841,544
2,927,444
Capital and reserves
Called up share capital
23
200
200
Capital contribution reserve
24
13,681
30,136
Merger reserve
25
934,845
934,845
Profit and loss reserves
27
1,892,818
1,962,263
Total equity
2,841,544
2,927,444

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s loss for the year was £85,900 (2024 - £48,130 profit).

The financial statements were approved by the board of directors and authorised for issue on 28 July 2026 and are signed on its behalf by:
28 July 2026
D L Clayman
Director
Company registration number 11506836 (England and Wales)
IDNS HOLDINGS LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 14 -
Share capital
Capital redemption reserve
Merger reserves
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 January 2024
200
49,807
934,845
223,368
1,208,220
Year ended 31 December 2024:
Profit and total comprehensive income
-
-
-
58,157
58,157
Dividends
11
-
-
-
(68,000)
(68,000)
Transfers
-
-
-
19,671
19,671
Other movements
-
(19,671)
-
-
(19,671)
Balance at 31 December 2024
200
30,136
934,845
233,196
1,198,377
Year ended 31 December 2025:
Loss and total comprehensive income
-
-
-
(48,851)
(48,851)
Transfers
-
-
-
16,455
16,455
Other movements
-
(16,455)
-
-
(16,455)
Balance at 31 December 2025
200
13,681
934,845
200,800
1,149,526
IDNS HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 15 -
Share capital
Capital redemption reserve
Merger reserves
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 January 2024
200
49,807
934,845
1,962,462
2,947,314
Year ended 31 December 2024:
Profit and total comprehensive income for the year
-
-
-
48,130
48,130
Dividends
11
-
-
-
(68,000)
(68,000)
Transfers
-
-
-
19,671
19,671
Other movements
-
(19,671)
-
-
(19,671)
Balance at 31 December 2024
200
30,136
934,845
1,962,263
2,927,444
Year ended 31 December 2025:
Profit and total comprehensive income
-
-
-
(85,900)
(85,900)
Transfers
-
-
-
16,455
16,455
Other movements
-
(16,455)
-
-
(16,455)
Balance at 31 December 2025
200
13,681
934,845
1,892,818
2,841,544
IDNS HOLDINGS LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 16 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
31
504,243
1,864,269
Interest paid
(237,807)
(97,668)
Income taxes paid
(89,739)
(420,307)
Net cash inflow from operating activities
176,697
1,346,294
Investing activities
Purchase of intangible assets
(215,904)
-
Purchase of tangible fixed assets
(30,397)
(11,218)
Interest received
6,023
-
0
Net cash used in investing activities
(240,278)
(11,218)
Financing activities
Repayment of borrowings
(317,421)
(209,312)
Repayment of bank loans
(198,484)
(444,355)
Dividends paid to equity shareholders
-
0
(68,000)
Net cash used in financing activities
(515,905)
(721,667)
Net (decrease)/increase in cash and cash equivalents
(579,486)
613,409
Cash and cash equivalents at beginning of year
827,746
214,337
Cash and cash equivalents at end of year
248,260
827,746
Relating to:
Cash at bank and in hand
355,178
827,746
Bank overdrafts included in creditors payable within one year
(106,918)
-
IDNS HOLDINGS LIMITED
COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 17 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
32
403,183
229,024
Interest paid
(85,756)
(19,671)
Net cash inflow from operating activities
317,427
209,353
Investing activities
Dividends received
-
0
68,000
Net cash generated from investing activities
-
68,000
Financing activities
Repayment of borrowings
(317,421)
(209,312)
Dividends paid to equity shareholders
-
(68,000)
Net cash used in financing activities
(317,421)
(277,312)
Net increase in cash and cash equivalents
6
41
Cash and cash equivalents at beginning of year
104
63
Cash and cash equivalents at end of year
110
104
IDNS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 18 -
1
Accounting policies
Company information

IDNS Holdings Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Unit 1B Springfield Court, Summerfield Road, Bolton, BL3 2NT.

The group consists of IDNS Holdings Limited and all of its subsidiaries.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Basis of consolidation

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

The consolidated group financial statements consist of the financial statements of the parent company IDNS Holdings Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 31 December 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Information and Data Networks Supplies Limited and Information and Data Networks Supplies Holdings Limited have been included in the group financial statements using the purchase method of accounting. Accordingly, the group profit and loss account and statement of cash flows for the prior year include the results and cash flows of Information and Data Networks Supplies Limited and Information and Data Networks Supplies Holdings Limited for the nine month period from its acquisition on 29 October 2018. The purchase consideration has been allocated to the assets and liabilities on the basis of fair value at the date of acquisition.

IDNS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 19 -
1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is ten years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
20% per annum straight line.
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold property
2% per annum straight line.
Leasehold improvements
10% per annum straight line.
Fixtures and fittings
20% per annum straight line.
Computer equipment
33% per annum straight line.
IDNS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 20 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.7
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.8
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.9
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

IDNS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 21 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.10
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

IDNS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 22 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.12
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.13
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

IDNS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 23 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.14
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.15
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

IDNS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 24 -
1.16
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

1.17
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key Estimates

Bad Debt Provision

The bad debt provision is calculated following a review of older outstanding balances on a customer by customer basis. The provision as at 31 December 2025 was £5,949 (202 4: £1,002).

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Supply of computer products and services
19,723,988
21,857,702
2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
19,723,988
21,857,702
2025
2024
£
£
Other revenue
Interest income
6,023
-
IDNS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 25 -
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging:
Exchange (gains)/losses
-
39
Fees payable to the group's auditor for the audit of the group's financial statements
-
-
Depreciation of owned tangible fixed assets
50,194
44,553
Amortisation of intangible assets
454,734
432,695
Operating lease charges
158,522
157,781
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
-
-
Audit of the financial statements of the company's subsidiaries
17,510
17,000
IDNS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 26 -
6
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Administration and selling
65
69
2
2

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
3,335,948
3,700,801
-
0
-
0
Healthcare costs
40,690
37,917
-
-
Pension costs
200,104
196,333
-
0
-
0
3,576,742
3,935,051
-
0
-
0
7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
148,972
244,325
Remuneration disclosed above includes the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
n/a
155,994

As total directors' remuneration was less than £200,000 in the current year, no disclosure is provided for that year.

8
Interest receivable and similar income
2025
2024
£
£
Interest income
Other interest income
6,023
-
IDNS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 27 -
9
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
107,599
43,333
Interest on invoice finance arrangements
44,452
34,664
Other interest on financial liabilities
16,455
19,671
168,506
97,668
Other finance costs:
Other interest
69,301
-
Total finance costs
237,807
97,668
10
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
51,092
184,490
Deferred tax
Origination and reversal of timing differences
-
0
(2,273)
Total tax charge
51,092
182,217

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
2,241
240,374
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
560
60,094
Tax effect of expenses that are not deductible in determining taxable profit
13,553
8,970
Depreciation on assets not qualifying for tax allowances
-
0
4,979
Amortisation on assets not qualifying for tax allowances
108,174
108,174
Corporation tax adjustment in prior years
(71,195)
-
0
Taxation charge
51,092
182,217
IDNS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 28 -
11
Dividends
2025
2024
Recognised as distributions to equity holders:
£
£
Interim paid
-
68,000
12
Intangible fixed assets
Group
Goodwill
Software
Total
£
£
£
Cost
At 1 January 2025
4,326,954
-
0
4,326,954
Additions - internally developed
-
0
215,904
215,904
At 31 December 2025
4,326,954
215,904
4,542,858
Amortisation and impairment
At 1 January 2025
2,776,460
-
0
2,776,460
Amortisation charged for the year
432,695
22,039
454,734
At 31 December 2025
3,209,155
22,039
3,231,194
Carrying amount
At 31 December 2025
1,117,799
193,865
1,311,664
At 31 December 2024
1,550,494
-
0
1,550,494
The company had no intangible fixed assets at 31 December 2025 or 31 December 2024.
IDNS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 29 -
13
Tangible fixed assets
Group
Leasehold property
Leasehold improvements
Fixtures and fittings
Computer equipment
Total
£
£
£
£
£
Cost
At 1 January 2025
995,781
98,827
24,947
39,773
1,159,328
Additions
-
0
-
0
-
0
30,397
30,397
At 31 December 2025
995,781
98,827
24,947
70,170
1,189,725
Depreciation and impairment
At 1 January 2025
341,683
84,032
13,825
21,138
460,678
Depreciation charged in the year
29,797
-
0
4,481
15,916
50,194
At 31 December 2025
371,480
84,032
18,306
37,054
510,872
Carrying amount
At 31 December 2025
624,301
14,795
6,641
33,116
678,853
At 31 December 2024
654,098
14,795
11,122
18,635
698,650
The company had no tangible fixed assets at 31 December 2025 or 31 December 2024.
14
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
15
-
0
-
0
7,036,271
7,036,271
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 January 2025 and 31 December 2025
7,036,271
Carrying amount
At 31 December 2025
7,036,271
At 31 December 2024
7,036,271
IDNS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 30 -
15
Subsidiaries

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Indirect
Information and Data Networks Supplies Limited
England and Wales
Ordinary
0
100.00
Information and Data Networks Supplies Holdings Limited
England and Wales
Ordinary
100.00
0
16
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Finished goods and goods for resale
47,676
113,459
-
0
-
0
17
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
1,072,753
1,558,657
-
0
-
0
Other debtors
55,175
55,175
55,175
55,175
Prepayments and accrued income
1,144,322
601,720
-
0
-
0
2,272,250
2,215,552
55,175
55,175
18
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
20
305,763
197,134
-
0
-
0
Trade creditors
1,190,037
1,810,519
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
4,003,230
3,531,903
Corporation tax payable
51,093
89,740
-
0
-
0
Other taxation and social security
488,319
150,235
-
-
0
Other creditors
-
0
68,000
-
0
68,000
Accruals and deferred income
303,343
196,740
-
0
-
0
2,338,555
2,512,368
4,003,230
3,599,903

The bank loans are secured by fixed and floating charges over the assets of the Group.

IDNS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 31 -
19
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
20
921,086
1,121,281
-
0
-
0
Loan notes
20
246,782
564,203
246,782
564,203
1,167,868
1,685,484
246,782
564,203
20
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
1,119,931
1,318,415
-
0
-
0
Bank overdrafts
106,918
-
0
-
0
-
0
Loan notes
246,782
564,203
246,782
564,203
1,473,631
1,882,618
246,782
564,203
Payable within one year
305,763
197,134
-
0
-
0
Payable after one year
1,167,868
1,685,484
246,782
564,203

The long-term bank loans are secured by fixed and floating charges over the assets of the Group.

21
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
9,672
9,672
The company has no deferred tax assets or liabilities.
There were no deferred tax movements in the year.
IDNS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 32 -
22
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
200,104
196,333

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the G roup in an independently administered fund.

23
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary "A" shares of 1p each
7,600
7,600
76
76
Ordinary "B" shares of 1p each
7,600
7,600
76
76
Ordinary "C" shares of 1p each
2,800
2,800
28
28
Ordinary "D" shares of 1p each
1,000
1,000
10
10
Ordinary "E" shares of 1p each
625
625
6
6
Ordinary "F" shares of 1p each
250
250
3
3
Ordinary "G" shares of 1p each
125
125
1
1
20,000
20,000
200
200

All shares carry no fixed right to income and rank pari passu in every respect.

24
Capital redemption reserve
Group
Company
2025
2024
2025
2024
£
£
£
£
At the beginning of the year
30,136
49,807
30,136
49,807
Other movements
(16,455)
(19,671)
(16,455)
(19,671)
At the end of the year
13,681
30,136
13,681
30,136
25
Other reserves
Merger reserve
Group
£
At the beginning of the prior year
934,845
At the end of the prior year
934,845
At the end of the current year
934,845
IDNS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
25
Other reserves
(Continued)
- 33 -
Company
£
At the beginning of the prior year
934,845
At the end of the prior year
934,845
At the end of the current year
934,845

The merger reserve relates to the excess consideration over the nominal value of the issued shares on the group reorganisation.

The capital contribution reserve relates to interest on the loan notes which are discounted at a market rate of interest in accordance with the accounting requirements of FRS102.

26
2025
2024
Group and company
£
£
At the beginning and end of the year
934,845
934,845

The merger reserve relates to the excess consideration over the nominal value of the issued shares on the group reorganisation.

The capital contribution reserve relates to interest on the loan notes which are discounted at a market rate of interest in accordance with the accounting requirements of FRS102.

27
Profit and loss reserves
Group
Company
2025
2024
2025
2024
£
£
£
£
At the beginning of the year
233,196
223,368
1,962,263
1,962,462
Profit/(loss) for the year
(48,851)
58,157
(85,900)
48,130
Dividends
-
(68,000)
-
(68,000)
Transfer to reserves
16,455
19,671
16,455
19,671
At the end of the year
200,800
233,196
1,892,818
1,962,263
IDNS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 34 -
28
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Within one year
86,470
98,286
-
-
Between two and five years
49,958
121,330
-
-
136,428
219,616
-
-
29
Related party transactions

Included within debtors is a balance of £55,175 (2024: £55,175) due from DLC Investment Holdings Limited.

Included in creditors amounts falling due within one year are loans from the shareholders totalling £Nil (2024: £Nil).

Included in creditors amounts falling due in more one year are loans from shareholders totalling £246,782 (2024: £564,203).

The loan notes are interest free and are stated at the present value of the future payments which are discounted at a market rate of interest in accordance with the accounting requirements of FRS102.

30
Controlling party

The company is under the control of Mr D L Clayman by virtue of a majority shareholding.

31
Cash generated from group operations
2025
2024
£
£
(Loss)/profit after taxation
(48,851)
58,157
Adjustments for:
Taxation charged
51,092
182,217
Finance costs
237,807
97,668
Investment income
(6,023)
-
0
Amortisation and impairment of intangible assets
454,734
432,695
Depreciation and impairment of tangible fixed assets
50,194
44,553
Movements in working capital:
Decrease in stocks
65,783
6,785
(Increase)/decrease in debtors
(56,698)
1,317,597
Decrease in creditors
(243,795)
(275,403)
Cash generated from operations
504,243
1,864,269
IDNS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 35 -
32
Cash generated from operations - company
2025
2024
£
£
(Loss)/profit after taxation
(85,900)
48,130
Adjustments for:
Finance costs
85,756
19,671
Investment income
-
0
(68,000)
Movements in working capital:
Decrease in debtors
-
123,805
Increase in creditors
403,327
105,418
Cash generated from operations
403,183
229,024
33
Analysis of changes in net debt - group
1 January 2025
Cash flows
31 December 2025
£
£
£
Cash at bank and in hand
827,746
(472,568)
355,178
Bank overdrafts
-
0
(106,918)
(106,918)
827,746
(579,486)
248,260
Borrowings excluding overdrafts
(1,882,618)
515,905
(1,366,713)
(1,054,872)
(63,581)
(1,118,453)
34
Analysis of changes in net debt - company
1 January 2025
Cash flows
31 December 2025
£
£
£
Cash at bank and in hand
104
6
110
Borrowings excluding overdrafts
(564,203)
317,421
(246,782)
(564,099)
317,427
(246,672)
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