REGISTERED NUMBER: 15913634 (England and Wales)

Unaudited Financial Statements

for the Period 23 August 2024 to 31 December 2025

for

LUSYI Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTORS:

W Crossley-Tinney

Miss M J Venner

REGISTERED OFFICE:

5 Barnfield Crescent

Exeter

Devon

EX1 1QT

BUSINESS ADDRESS:

Rose Cottage

Ferngrove Lane

Woolston

BA22 7BL

REGISTERED NUMBER:

15913634 (England and Wales)

ACCOUNTANTS:

RT Marke & Co Limited

5 Barnfield Crescent

Exeter

Devon

EX1 1QT

FIXED ASSETS

Intangible assets

4

134,002

Tangible assets

5

3,159

137,161

CURRENT ASSETS

Debtors

6

1,731

Cash at bank

32,166

33,897

CREDITORS

Amounts falling due within one year

7

185,822

NET CURRENT LIABILITIES

(151,925

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,764

)

CREDITORS

Amounts falling due after more than one year

8

565

NET LIABILITIES

(15,329

)

CAPITAL AND RESERVES

Called up share capital

1,017

Share premium

54,984

Retained earnings

(71,330

)

(15,329

)

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

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

The directors acknowledge their responsibilities for:

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

(b)

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2026 and were signed on its behalf by:

W Crossley-Tinney - Director

1.	STATUTORY INFORMATION

LUSYI Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The Company's balance sheet shows a net liability position at the end of the financial period. The directors consider the company to be a going concern and will continue to support the company for the foreseeable future.

Intangible assets

Patents and licences

Patents and licences are initially measured at cost. After initial recognition, patents are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Development costs

Development costs are capitalised as an intangible asset where the recognition criteria set out in FRS 102 Section 18 are met. Development costs are stated at cost less accumulated amortisation and accumulated impairment losses.

Amortisation of capitalised development costs commences when the development is complete and the resulting asset is available for use. Amortisation is charged on a straight-line basis over the estimated useful economic life of the asset. No amortisation has been charged in the year.

Development costs that does not meet the recognition criteria for capitalisation is recognised as an expense in the period in which it is incurred.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 25% on cost

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors are initially recognised at the transaction price and therefore stated at amortisation cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Creditors 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 amortisation cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the period 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 period 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.

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.

Hire purchase and leasing commitments

Assets held under hire purchase agreements are treated as finance leases where substantially all the risks and rewards of ownership are transferred to the company.

Assets acquired under finance leases are recognised as assets of the company at the lower of their fair value and the present value of the minimum lease payments at the inception of the lease. A corresponding liability is recognised in respect of the obligation to make future lease payments.

Finance charges are allocated to accounting periods over the lease term so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Assets acquired under hire purchase agreements are depreciated in accordance with the company's accounting policy for property, plant and equipment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	INTANGIBLE FIXED ASSETS

Patents and

Development

licences

costs

Totals

£

£

£

COST

Additions

220

133,804

134,024

At 31 December 2025

220

133,804

134,024

AMORTISATION

Amortisation for period

22

-

22

At 31 December 2025

22

-

22

NET BOOK VALUE

At 31 December 2025

198

133,804

134,002

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

Additions

4,234

408

4,642

At 31 December 2025

4,234

408

4,642

DEPRECIATION

Charge for period

1,344

139

1,483

At 31 December 2025

1,344

139

1,483

NET BOOK VALUE

At 31 December 2025

2,890

269

3,159

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

1,731

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts

1,694

Other creditors

184,128

185,822

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

565

9.	SECURED DEBTS

The following secured debts are included within creditors:

£

Hire purchase contracts

2,259

Hire purchase liabilities are secured on the assets to which they relate.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LUSYI Ltd for the period ended 31 December 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of LUSYI Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of LUSYI Ltd and state those matters that we have agreed to state to the Board of Directors of LUSYI Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LUSYI Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that LUSYI Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of LUSYI Ltd. You consider that LUSYI Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of LUSYI Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

RT Marke & Co Limited

5 Barnfield Crescent

Exeter

Devon

EX1 1QT

23 August 2026