K3 BTG Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06338304 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th November 2025

for

K3 BTG LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

Mr M C Cockings

REGISTERED OFFICE:

Suite 511, Block Bristol Pithay Court

Bristol

BS1 3BN

REGISTERED NUMBER:

06338304 (England and Wales)

ACCOUNTANTS:

Barrons Limited

Chartered Accountants

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

The following reproduces the text of the report prepared for the director 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 Director 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 K3 BTG Limited for the year ended 30th November 2025 which comprise the Profit and Loss Account, 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 director of K3 BTG Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of K3 BTG Limited and state those matters that we have agreed to state to the director of K3 BTG Limited 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 K3 BTG Limited and its director for our work or for this report.

It is your duty to ensure that K3 BTG Limited 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 profit of K3 BTG Limited. You consider that K3 BTG Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of K3 BTG Limited. 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.

Barrons Limited

Chartered Accountants

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

26th August 2026

CURRENT ASSETS

Debtors

5

1,442,126

1,093,409

Cash at bank

99,325

211,491

1,541,451

1,304,900

CREDITORS

Amounts falling due within one year

6

1,017,429

969,081

NET CURRENT ASSETS

524,022

335,819

TOTAL ASSETS LESS CURRENT

LIABILITIES

524,022

335,819

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

524,021

335,818

SHAREHOLDERS' FUNDS

524,022

335,819

The Company is entitled to exemption from audit under Section 479A of the Companies Act 2006 relating to subsidiary companies for the year ended 30th November 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th August 2026 and were signed by:

Mr M C Cockings - Director

1.	STATUTORY INFORMATION

K3 BTG Limited 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised to the extent that it is probable that the economic benefits associated with the transaction will flow into the Company.

Turnover comprises the value of sales to third party customers of software licences, customised software, hardware and fees derived from installation, consultancy, training, support and managed services. It is stated exclusive of value added tax and net of trade discounts and rebates.

Turnover on the sale of software licences is recognised where there is persuasive evidence of an agreement with a customer (contract and/or binding purchase), delivery of the software has taken place and the customer has the ability to use the software, collectability is probable, and the fee is fixed and determinable. Where the Company acts as a reseller of third-party software and maintenance contracts, turnover is recognised at the point the customer received the rights to the contract and the Company has fulfilled its obligations. Turnover on the sale of customised software, hardware and installation is recognised on delivery to a customer or on completion of contractual milestones. Turnover from training and consultancy is recognised as the contract progresses (services). Turnover from support, hosting and managed services is generally invoiced in advance, termed "deferred revenue", and taken to revenue in equal monthly instalments over the relevant period (recurring revenue). Turnover on the sale of third-party licences, and support and maintenance contracts is recognised once the Company has fulfilled its obligations.

The Company has a number of different revenue streams for which the revenue recognition varies as outlined above. Where there is one contract covering more than one revenue stream, the contract is "unbundled" to recognise the revenue on each stream in accordance with the revenue recognition set out above.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies

Transactions entered into by the Company in a currency other than the currency of the primary economic environment in which it operates (the "functional currency") are translated at the rates ruling at the dates of transactions. Monetary assets and liabilities denominated in foreign currencies at the reporting date are translated at the rates ruling at that date. Exchange differences arising on the retranslation of unsettled monetary assets and liabilities are similarly recognised immediately in the profit and loss account.

Pension costs and other post-retirement benefits

Obligations for contributions to defined contribution pension plans are recognised as an expense in the profit and loss account as incurred. The Company has no defined benefit arrangements in place.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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 payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amount of cash with insignificant risk of change in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st December 2024

and 30th November 2025

642,551

AMORTISATION

At 1st December 2024

and 30th November 2025

642,551

NET BOOK VALUE

At 30th November 2025

-

At 30th November 2024

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

172,467

69,979

Amounts owed by group undertakings

1,266,326

1,019,808

Other debtors

3,333

3,622

1,442,126

1,093,409

Interest is charged on amounts owed by the ultimate parent company at 7.95% (2024: 8.75%) which is deemed a market rate. No interest is charged on other amounts owed to Group undertakings. The amounts are due on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

1,506

1,527

Taxation and social security

484,918

510,037

Other creditors

531,005

457,517

1,017,429

969,081

7.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8.	ULTIMATE PARENT COMPANY

The Company is a subsidiary undertaking of K3 Business Technology Group Limited (formerly plc) which is incorporated in Great Britain and registered in EnglandandWales. The largest and smallest group in which the results of the Company are consolidated is that headed by K3 Business Technology Group Limited (formerly plc). Copies of the group financial statements are available from Suite 511, Block Bristol Pithay Court, Bristol, England, BS1 3BN.