Registration number: 10531565

Arithmostech Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 10

Arithmostech Ltd

Company Information

Directors

Mr Giorgio Andrew Jones Mr Paolo Morelli

Company secretary

Mr Darren Mark Palmer

Registered office

Unit 1, Mere View Barn Park Lane Pickmere Knutsford Cheshire WA16 0LG

Auditors

BK Plus Audit Limited Graphic House City Road Stoke-on-Trent ST4 2PH

Arithmostech Ltd

(Registration number: 10531565)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	5	671,006	763,558
Tangible assets	6	6,553	10,930
		677,559	774,488
Current assets
Debtors	7	693,755	316,350
Cash at bank and in hand		218,326	116,687
		912,081	433,037
Creditors: Amounts falling due within one year	8	(675,060)	(404,439)
Net current assets		237,021	28,598
Total assets less current liabilities		914,580	803,086
Creditors: Amounts falling due after more than one year	8	(1,235,822)	(943,324)
Provisions for liabilities		-	(2,732)
Net liabilities		(321,242)	(142,970)
Capital and reserves
Called up share capital	9	1,000	1,000
Share premium reserve		112,300	112,300
Retained earnings		(434,542)	(256,270)
Shareholders' deficit		(321,242)	(142,970)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 August 2026 and signed on its behalf by:
 

......................................... Mr Giorgio Andrew Jones Director

Arithmostech Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 1, Mere View Barn
Park Lane
Pickmere
Knutsford
Cheshire
WA16 0LG
United Kingdom

These financial statements were authorised for issue by the Board on 4 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group..

Going concern

The directors have reviewed forecasts for the period ended 31 December 2026 and beyond and consider the company to remain a going concern with no impact on the carrying value of the company's assets. Arithmos S.r.l. has also provided a support letter to the directors confirming that it will provide continued financial support to the company in the event that the cash headroom proves to be insufficient.

As a consequence of the matters outlined above, the directors have a reasonable expectation that the company has adequate resources to meet its obligations and continue in operational existence for the foreseeable future and therefore have prepared these accounts on the going concern basis and consider that this is appropriate.

Arithmostech Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 3 August 2026 was Jared Grounsell BSc FCA (Senior Statutory Auditor), who signed for and on behalf of BK Plus Audit Limited.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Arithmostech Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings & equipment	33.33% & 50% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Arithmostech Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 13).

Arithmostech Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

4

Taxation

Tax charged/(credited) in the profit and loss account

	2025 £	2024 £
Current taxation
UK corporation tax	-	7,518
Deferred taxation
Arising from origination and reversal of timing differences	(2,732)	2,732
Tax (receipt)/expense in the income statement	(2,732)	10,250

5	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2025	925,526	925,526
At 31 December 2025	925,526	925,526
Amortisation
At 1 January 2025	161,968	161,968
Amortisation charge	92,552	92,552
At 31 December 2025	254,520	254,520
Carrying amount
At 31 December 2025	671,006	671,006
At 31 December 2024	763,558	763,558

Arithmostech Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

6	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2025	17,715	17,715
Additions	1,049	1,049
At 31 December 2025	18,764	18,764
Depreciation
At 1 January 2025	6,785	6,785
Charge for the year	5,426	5,426
At 31 December 2025	12,211	12,211
Carrying amount
At 31 December 2025	6,553	6,553
At 31 December 2024	10,930	10,930

7

Debtors

	Note	2025 £	2024 £
Trade debtors		163,201	185,197
Amounts owed by group undertakings and undertakings in which the company has a participating interest	11	413,924	91,119
Prepayments		30,526	23,742
Other debtors		86,104	16,292
		693,755	316,350

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		108,588	49,329
Amounts owed to group undertakings and undertakings in which the company has a participating interest	11	399,495	160,392
Taxation and social security		33,011	40,191
Accruals and deferred income		63,163	57,281
Other creditors		70,803	97,246
		675,060	404,439

Arithmostech Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Other financial liabilities	1,235,822	943,324

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1,000	1,000	1,000	1,000

10	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	24,250	24,250
Later than one year and not later than five years	50,304	74,554
	74,554	98,804

The amount of office rental operating lease payments recognised as an expense during the year was £24,250 (2024 - £21,898).

11	Related party transactions

Summary of transactions with parent

Arithmos S.r.l. Intercompany Loan
Loans amounting to £1,300,087 (2024: £943,324) are payable to the company's immediate parent undertaking, Arithmos S.r.l. These loans are repayable by instalments over periods of between five to seven years and bear interest at a fixed rate of interest of 2% per annum.

Arithmostech Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

12	Parent and ultimate parent undertaking

The company's immediate parent is Arithmos S.r.l., incorporated in Italy.

 The ultimate parent is PM Holding S.r.l., incorporated in Italy.

 

ArithmosTech Limited is included in the consolidated financial statements of P M Holdings Srl, which are available from its registered office at Via Roma 20, 24022 Alzano Lombardo (BG), Italy.