Lambdatek Limited

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—9

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 December 2023	100	1,430,893	1,430,993
Loss for the year and total comprehensive income	-	(38,797 )	(38,797)

Dividends paid	-	(46,200)	(46,200)

As at 30 November 2024 and 1 December 2024	100	1,345,896	1,345,996


Profit for the year and total comprehensive income	-	70,681	70,681

Dividends paid	-	(48,354)	(48,354)

As at 30 November 2025	100	1,368,223	1,368,323

1. General Information

Lambdatek Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07194136 . The registered office is 21 Ferry Hinksey Road, Oxford, Oxfordshire, OX2 0DP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No depreciation charged
Leasehold	No depreciation charged
Plant & Machinery	25% straight line
Motor Vehicles	20% stright line
Fixtures & Fittings	25% straight line
Computer Equipment	33.33% straight line

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Lambdatek Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.8. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.

...CONTINUED

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Lambdatek Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.9. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 11)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 December 2024	300,000

As at 30 November 2025	300,000

Amortisation
As at 1 December 2024	300,000

As at 30 November 2025	300,000

Net Book Value
As at 30 November 2025	-

As at 1 December 2024	-

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Lambdatek Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost or Valuation
As at 1 December 2024	-	56,739	117,146	57,609
Additions	81,308	-	-	-

As at 30 November 2025	81,308	56,739	117,146	57,609

Depreciation
As at 1 December 2024	-	55,956	103,099	56,727
Provided during the period	-	783	14,047	844

As at 30 November 2025	-	56,739	117,146	57,571

Net Book Value
As at 30 November 2025	81,308	-	-	38

As at 1 December 2024	-	783	14,047	882


	Computer Equipment	Total
	£	£
Cost or Valuation
As at 1 December 2024	17,271	248,765
Additions	-	81,308

As at 30 November 2025	17,271	330,073

Depreciation
As at 1 December 2024	15,504	231,286
Provided during the period	947	16,621

As at 30 November 2025	16,451	247,907

Net Book Value
As at 30 November 2025	820	82,166

As at 1 December 2024	1,767	17,479

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Lambdatek Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

6. Investment Property

	2025
	£
Fair Value
As at 1 December 2024 and 30 November 2025	640,000

7. Stocks

	2025	2024
	£	£
Stock	12,000	-
Finished goods	-	40,000

	12,000	40,000

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	105,511	97,594
Prepayments and accrued income	4,183	1,992
Other debtors	811,424	854,004
Corporation tax recoverable assets	58,636	58,636
Directors' loan accounts	128,426	160,594

	1,108,180	1,172,820

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	6,614
Trade creditors	844,546	600,650
Corporation tax	9,261	-
VAT	315,842	299,956
Accruals and deferred income	2,583	1,281

	1,172,232	908,501

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Lambdatek Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

10. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	9,143

Bank loans are secured by way of a charge against unti 5C Grange Court Business Park, Abingdon, Barton Lane.

11. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	6,614
Later than one year and not later than five years	-	9,143

	-	15,757

	-	15,757

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

13. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 December 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 November 2025
	£	£	£	£	£
Mr Tommaso Felici	80,297	-	16,084	-	64,213
Mrs Helena Felici	80,297	-	16,084	-	64,213

The above loan is unsecured, interest free and repayable on demand.

14. Related Party Transactions

Other debtors includes amounts owed by HTF Holdings Limited a company under common control registered in England and Wales Reg No. 09920932.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		82,166		17,479
Investment Properties	6		640,000		640,000

			722,166		657,479
CURRENT ASSETS
Stocks	7	12,000		40,000
Debtors	8	1,108,180		1,172,820
Cash at bank and in hand		718,751		397,811

		1,838,931		1,610,631
Creditors: Amounts Falling Due Within One Year	9	(1,172,232 )		(908,501 )

NET CURRENT ASSETS (LIABILITIES)			666,699		702,130

TOTAL ASSETS LESS CURRENT LIABILITIES			1,388,865		1,359,609

Creditors: Amounts Falling Due After More Than One Year	10		-		(9,143 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(20,542 )		(4,470 )

NET ASSETS			1,368,323		1,345,996

CAPITAL AND RESERVES
Called up share capital	12		100		100
Profit and Loss Account			1,368,223		1,345,896

SHAREHOLDERS' FUNDS			1,368,323		1,345,996