REGISTERED NUMBER: 07443094 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

AGILE APPLICATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S R Ferry

REGISTERED OFFICE:

Christian Douglass Accountants Limited

2 Jordan Street

Knott Mill

Manchester

M15 4PY

REGISTERED NUMBER:

07443094 (England and Wales)

AUDITORS:

Christian Douglass Accountants Limited

Chartered Accountants

Statutory Auditor

2 Jordan Street

Knott Mill

Manchester

M15 4PY

FIXED ASSETS

Intangible assets

4

599,744

390,423

Tangible assets

5

4,305

10,343

604,049

400,766

CURRENT ASSETS

Debtors

6

872,017

1,368,940

Cash at bank

108,681

86,822

980,698

1,455,762

CREDITORS

Amounts falling due within one year

7

3,181,769

3,042,715

NET CURRENT LIABILITIES

(2,201,071

)

(1,586,953

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,597,022

)

(1,186,187

)

CAPITAL AND RESERVES

Called up share capital

360,599

360,599

Share premium

49,585

49,585

Capital redemption reserve

69

69

Retained earnings

(2,007,275

)

(1,596,440

)

(1,597,022

)

(1,186,187

)

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 24 July 2026 and were signed on its behalf by:

S R Ferry - Director

1.	STATUTORY INFORMATION

Agile Applications Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07443094 and its registered address is Christian Douglass Accountants Limited, 2 Jordan Street, Knott Mill, Manchester, M15 4PY.

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 directors have assessed the Company's ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements.

At the balance sheet date, the Company had net liabilities of £1.6 million and reported a loss for the year of £0.4 million. The net liabilities position primarily reflects funding provided through intercompany balances which totalled £2.6 million at the year end. The intercompany balances are not expected to be settled within the going concern assessment period.

The directors have reviewed forecasts and cash flow projections covering the going concern assessment period and have considered the financial resources available to the Company. The Company is part of a wider group of companies and continues to receive financial support from its parent undertaking. The directors have received confirmation from the parent undertaking of its intention to provide such financial support as may be required for a period of at least twelve months from the date of approval of these financial statements.

Having considered the forecasts, available cash resources and the support available from the wider Group, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future.

Accordingly, the directors continue to adopt the going concern basis of accounting in preparing these financial statements.

Turnover

Turnover represents the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration. In respect of the latter, turnover represents a proportion of total expected contract revenue compared to actual costs incurred to the balance sheet date, calculated to represent the forecast margin expected on completion of the contract. The resultant provisions for unbilled income or income billed in advance are included in debtors and creditors respectively, as amounts recoverable on contracts and accrued expenses.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Goodwill has been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Development costs

Development of products is capitalised when it meets the following conditions:

i) It is technically feasible to complete the research or development so that the product will be available for use or sale.

ii) It is intended to use or sell the product being developed.

iii) The Company is able to use or sell the product.

iv) It can be demonstrated that the product will generate probable future economic benefits.

v) Adequate technical, financial and other resources exist so that product development can be completed and subsequently used or sold.

vi) Expenditure attributable to the research and development work can be reliably measured.

All other research and development expenditure is recognised as an expense in the period in which it is incurred.

Capitalised development expenditure is stated at cost less accumulated amortisation and impairment losses.

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%-33% on cost

Tangible fixed assets are stated at historical invoice cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure directly attributable to bringing the asset to the location and condition necessary for operation by the company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2025

636,886

1,408,058

2,044,944

Additions

-

420,594

420,594

Disposals

-

(274,938

)

(274,938

)

At 31 December 2025

636,886

1,553,714

2,190,600

AMORTISATION

At 1 January 2025

636,886

1,017,635

1,654,521

Charge for year

-

211,273

211,273

Eliminated on disposal

-

(274,938

)

(274,938

)

At 31 December 2025

636,886

953,970

1,590,856

NET BOOK VALUE

At 31 December 2025

-

599,744

599,744

At 31 December 2024

-

390,423

390,423

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

79,385

Additions

807

Disposals

(32,450

)

At 31 December 2025

47,742

DEPRECIATION

At 1 January 2025

69,042

Charge for year

6,845

Eliminated on disposal

(32,450

)

At 31 December 2025

43,437

NET BOOK VALUE

At 31 December 2025

4,305

At 31 December 2024

10,343

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

92,262

95,234

Amounts owed by group undertakings

354,704

839,789

Amounts recoverable on contract

277,536

325,981

Other debtors

147,515

107,936

872,017

1,368,940

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

76,194

56,495

Amounts owed to group undertakings

2,570,603

2,179,767

Taxation and social security

18,386

79,736

Other creditors

516,586

726,717

3,181,769

3,042,715

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

3,505

5,258

Between one and five years

-

3,505

3,505

8,763

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mrs Deborah Burton FCA (Senior Statutory Auditor)

for and on behalf of Christian Douglass Accountants Limited

10.	CONTINGENT LIABILITIES

The company is party to cross guarantees in favour of ultimate parent, IEG Group Limited's, bankers and other group financiers. The cross guarantees are supported by debentures. The debt so guaranteed at the balance sheet date was £10,972,392 (2024: £10,461,160).

11.	ULTIMATE PARENT UNDERTAKING

The company's parent undertaking is Agile Applications Group Limited and its ultimate parent undertaking is IEG Group Limited. Both companies are registered c/o Christian Douglass Accountants Limited, 2 Jordan Street, Knott Mill, Manchester, M15 4PY. IEG Group Limited prepares consolidated accounts including the results of the company,