Livetec Systems International Holdings Limited Group accounts (Group and Company)

COMPANY REGISTRATION NUMBER: 14696443

Livetec Systems International Holdings Limited

Financial Statements

30 November 2025

Livetec Systems International Holdings Limited

Financial Statements

Year ended 30 November 2025

Contents	Page

Directors' report	1

Directors' responsibilities statement	2

Independent auditor's report to the members	3

Consolidated statement of comprehensive income	7

Consolidated statement of financial position	8

Company statement of financial position	9

Consolidated statement of changes in equity	10

Company statement of changes in equity	11

Notes to the financial statements	12

Livetec Systems International Holdings Limited

Directors' Report

Year ended 30 November 2025

The directors present their report and the financial statements of the group for the year ended 30 November 2025 .

Directors

The directors who served the company during the year were as follows:

Mr G S Samet
Mr J M Sparrey

Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the group and the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the group and the company's auditor is aware of that information. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 28 August 2026 and signed on behalf of the board by:

Mr G S Samet

Director

Registered office:

Camburgh House

27 New Dover Road

Canterbury

Kent

United Kingdom

CT1 3DN

Livetec Systems International Holdings Limited

Directors' Responsibilities Statement

Year ended 30 November 2025

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and the profit or loss of the group for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Livetec Systems International Holdings Limited

Independent Auditor's Report to the Members of Livetec Systems International Holdings Limited

Year ended 30 November 2025

Opinion

We have audited the financial statements of Livetec Systems International Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 November 2025 which comprise the consolidated statement of comprehensive income, consolidated statement of financial position, company statement of financial position, consolidated statement of changes in equity, company statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the group's and of the parent company's affairs as at 30 November 2025 and of the group's profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or - the parent company financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we have considered; the nature of the industry, control environment and business performance with particular reference to the Company's remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets. Throughout the audit testing we are considering the incentives that may exist within the organisation for fraud. Key areas include timing of recognising income around the year end, posting of unusual journals and manipulating the Company's performance measures to meet targets. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We ensure we have an understanding of the relevant laws and regulations and remain alert to possible non-compliance throughout the audit. Despite proper planning and audit work in accordance with auditing standards there are inherent limitations and unavoidable risk that we may not detect some irregularities and material misstatements in the financial statements. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group's or the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. - Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Dominic Wood

(Senior Statutory Auditor)

For and on behalf of

Burgess Hodgson Audit Limited

Camburgh House

27 New Dover Road

Canterbury

Kent

CT1 3DN

28 August 2026

Livetec Systems International Holdings Limited

Consolidated Statement of Comprehensive Income

Year ended 30 November 2025

	2025	2024
		(restated)
Note	£	£
Turnover	6,795,696	2,154,682

Cost of sales	3,092,207	1,125,953
	------------	------------
Gross profit	3,703,489	1,028,729

Administrative expenses	3,604,745	3,542,884
	------------	------------
Operating profit/(loss)	98,744	( 2,514,155)

Other interest receivable and similar income		130,375	148,191
Interest payable and similar expenses		3,755	4,530
		------------	------------
Profit/(loss) before taxation	5	225,364	( 2,370,494)

Tax on profit/(loss)	79,398	( 217,462)
	---------	------------
Profit/(loss) for the financial year	145,966	( 2,153,032)
	---------	------------

Foreign currency retranslation	( 18,085)	( 1,587)
	---------	------------
Total comprehensive income for the year	127,881	( 2,154,619)
	---------	------------

All the activities of the group are from continuing operations.

Livetec Systems International Holdings Limited

Consolidated Statement of Financial Position

30 November 2025

	2025	2024
		(restated)
Note	£	£

Fixed assets

Intangible assets	6	224,191	4,175
Tangible assets	7	128,132	94,865
		---------	--------
		352,323	99,040

Current assets

Stocks		82,105	74,395
Debtors	9	4,132,026	3,132,764
Cash at bank and in hand		2,453,527	2,431,530
		------------	------------
		6,667,658	5,638,689

Creditors: amounts falling due within one year	10	1,355,580		209,533
		------------		------------
Net current assets			5,312,078	5,429,156
			------------	------------
Total assets less current liabilities			5,664,401	5,528,196

Provisions

Taxation including deferred tax	24,480	16,156
	------------	------------
Net assets	5,639,921	5,512,040
	------------	------------

Capital and reserves

Called up share capital	4	4
Capital redemption reserve	1	1
Other reserves	( 19,672)	( 1,587)
Profit and loss account	5,659,588	5,513,622
	------------	------------
Shareholders funds	5,639,921	5,512,040
	------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements were approved by the board of directors and authorised for issue on 28 August 2026 , and are signed on behalf of the board by:

Mr G S Samet

Director

Company registration number: 14696443

Livetec Systems International Holdings Limited

Company Statement of Financial Position

30 November 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	7	6,343	–
Investments	8	512,852	–
		---------	----
		519,195	–

Current assets

Debtors	9	6,314,006	2,918,294
Cash at bank and in hand		1,523,455	2,148,612
		------------	------------
		7,837,461	5,066,906

Creditors: amounts falling due within one year	10	324,507		5,012,068
		------------		------------
Net current assets			7,512,954	54,838
			------------	--------
Total assets less current liabilities			8,032,149	54,838
			------------	--------
Net assets			8,032,149	54,838
			------------	--------

Capital and reserves

Called up share capital	4	4
Profit and loss account	8,032,145	54,834
	------------	--------
Shareholders funds	8,032,149	54,838
	------------	--------

The profit for the financial year of the parent company was £ 7,977,311 (2024: £ 10,146 loss).

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements were approved by the board of directors and authorised for issue on 28 August 2026 , and are signed on behalf of the board by:

Mr G S Samet

Director

Company registration number: 14696443

Livetec Systems International Holdings Limited

Consolidated Statement of Changes in Equity

Year ended 30 November 2025

		Called up share capital	Capital redemption reserve	Other reserves	Profit and loss account	Total
		£	£	£	£	£
At 1 December 2023		4	1	–	7,666,654	7,666,659

Loss for the year					( 2,153,032)	( 2,153,032)
Other comprehensive income for the year:
	Foreign currency retranslation	–	–	( 1,587)	–	( 1,587)
		----	----	-------	------------	------------
Total comprehensive income for the year		–	–	( 1,587)	( 2,153,032)	( 2,154,619)

At 30 November 2024		4	1	( 1,587)	5,513,622	5,512,040

Profit for the year					145,966	145,966
Other comprehensive income for the year:
	Foreign currency retranslation	–	–	( 18,085)	–	( 18,085)
		----	----	--------	------------	------------
Total comprehensive income for the year		–	–	( 18,085)	145,966	127,881

		----	----	--------	------------	------------
At 30 November 2025		4	1	( 19,672)	5,659,588	5,639,921
		----	----	--------	------------	------------

Livetec Systems International Holdings Limited

Company Statement of Changes in Equity

Year ended 30 November 2025

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 December 2023	4	64,980	64,984

Loss for the year		( 10,146)	( 10,146)
	----	--------	--------
Total comprehensive income for the year	–	( 10,146)	( 10,146)

At 30 November 2024	4	54,834	54,838

Profit for the year		7,977,311	7,977,311
	----	------------	------------
Total comprehensive income for the year	–	7,977,311	7,977,311

	----	------------	------------
At 30 November 2025	4	8,032,145	8,032,149
	----	------------	------------

Livetec Systems International Holdings Limited

Notes to the Financial Statements

Year ended 30 November 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102:

(a) Disclosures in respect of each class of share capital have not been presented.

(b) No cash flow statement has been presented for the company.

(c) Disclosures in respect of financial instruments have not been presented.

(d) No disclosure has been given for the aggregate remuneration of key management personnel.

Consolidation

The financial statements consolidate the financial statements of Livetec Systems International Holdings Limited and all of its subsidiary undertakings.

The results of subsidiaries acquired or disposed of during the year are included from or to the date that control passes.

The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual profit and loss account.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	10% straight line
Patents, trademarks and licences	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	33% straight line
Fixtures, fittings and equipment	-	33% straight line
Motor vehicles	-	33% straight line
Equipment	-	33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 26 (2024: 18 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
		(restated)
	£	£
Amortisation of intangible assets	14,372	694
Depreciation of tangible assets	111,957	262,364
	---------	---------

6. Intangible assets

Group	Goodwill	Patents, trademarks and licences	Total
	£	£	£
Cost
At 1 December 2024 (as restated)	–	10,804	10,804
Additions	234,388	–	234,388
	---------	--------	---------
At 30 November 2025	234,388	10,804	245,192
	---------	--------	---------
Amortisation
At 1 December 2024	–	6,629	6,629
Charge for the year	13,673	699	14,372
	---------	--------	---------
At 30 November 2025	13,673	7,328	21,001
	---------	--------	---------
Carrying amount
At 30 November 2025	220,715	3,476	224,191
	---------	--------	---------
At 30 November 2024	–	4,175	4,175
	---------	--------	---------

The company has no intangible assets.

7. Tangible assets

Group	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 December 2024 (as restated)	801,799	102,612	209,394	26,645	1,140,450
Additions	7,617	5,124	126,815	6,847	146,403
Disposals	( 61,555)	–	( 6,750)	–	( 68,305)
	---------	---------	---------	--------	------------
At 30 November 2025	747,861	107,736	329,459	33,492	1,218,548
	---------	---------	---------	--------	------------
Depreciation
At 1 December 2024	734,948	92,080	208,044	10,513	1,045,585
Charge for the year	66,539	10,149	27,534	7,735	111,957
Disposals	( 60,376)	–	( 6,750)	–	( 67,126)
	---------	---------	---------	--------	------------
At 30 November 2025	741,111	102,229	228,828	18,248	1,090,416
	---------	---------	---------	--------	------------
Carrying amount
At 30 November 2025	6,750	5,507	100,631	15,244	128,132
	---------	---------	---------	--------	------------
At 30 November 2024	66,851	10,532	1,350	16,132	94,865
	---------	---------	---------	--------	------------

Company	Equipment	Total
	£	£
Cost
At 1 December 2024	–	–
Additions	6,847	6,847
	-------	-------
At 30 November 2025	6,847	6,847
	-------	-------
Depreciation
At 1 December 2024	–	–
Charge for the year	504	504
	-------	-------
At 30 November 2025	504	504
	-------	-------
Carrying amount
At 30 November 2025	6,343	6,343
	-------	-------
At 30 November 2024	–	–
	-------	-------

8. Investments

The group has no investments.

Company	Shares in group undertakings
	£
Cost
At 1 December 2024 as restated	–
Additions	512,852
	---------
At 30 November 2025	512,852
	---------
Impairment
At 1 December 2024 as restated and 30 November 2025	–
	---------

Carrying amount
At 30 November 2025	512,852
	---------
At 30 November 2024	–
	---------

Subsidiaries, associates and other investments

Details of the investments in which the parent company has an interest of 20% or more are as follows:

	Class of share	Percentage of shares held
Subsidiary undertakings
Livetec Systems Limited - Registered Office: Camburgh House, 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN	Ordinary	100
Livetec Digital Limited - Registered Office: Camburgh House, 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN	Ordinary	100
Livetec Services Limited - Registered Office: Camburgh House, 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN	Ordinary	100
Jonah's Handling Limited - Registered Office: Camburgh House, 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN	Ordinary	100
Livetec Digital South Africa - Registered Office: 28 Quail Street, Horison Park, Roodepoort, Gauteng 1724	Ordinary	100

On 1 May 2025, the company acquired the entire issued share capital of Jonah's Handling Limited, a company engaged in the handling and population control of poultry. The total consideration for the acquisition was £510,00; £357,000 of which was satisfied in cash and the remaining £153,000 deferred consideration. The acquisition has been accounted for using the purchase method of accounting and resulted in goodwill of £234,388, which is being amortised over its estimated useful economic life.

9. Debtors

	Group		Company
	2025	2024	2025	2024
		(restated)	(restated)
	£	£	£	£
Trade debtors	2,045,883	103,551	–	–
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	–	4,943,373	1,194,467
Other debtors	2,086,143	3,029,213	1,370,633	1,723,827
	------------	------------	------------	------------
	4,132,026	3,132,764	6,314,006	2,918,294
	------------	------------	------------	------------

10. Creditors: amounts falling due within one year

	Group		Company
	2025	2024	2025	2024
		(restated)	(restated)
	£	£	£	£
Trade creditors	697,731	94,647	54,401	29,985
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	–	156,544	4,950,524
Corporation tax	86,226	–	15,806	–
Social security and other taxes	378,245	62,525	21,983	15,439
Other creditors	193,378	52,361	75,773	16,120
	------------	---------	---------	------------
	1,355,580	209,533	324,507	5,012,068
	------------	---------	---------	------------

11. Prior period errors

Prior period adjustments have been recognised in respect of historic cost provisions that should have been released in a previous accounting period. Comparative figures have been restated to remove the provisions. The adjustment decreased creditors falling due within one year by £139,137 and increased opening retained earnings by £139,137. A separate prior-period adjustment has been made in relation to a corporation tax over-provision that should have been accounted for in a previous year. Comparative figures have been restated accordingly, increasing current assets and retained earnings by £155,548. The combined effect of these adjustments was to increase opening retained earnings by £294,685.

12. Directors' advances, credits and guarantees

At the year-end a director owed £417,301 (2024: £309,666) to the company. During the year the company made aggregate advances to the director of £106,295 and the director made aggregate repayments of £10,700. Interest of £12,040 was charged at a rate of 2.25% from December 2024 to March 2025, and 3.75% from April 2025 to November 2025 on outstanding amounts during the year. At the year-end a director owed £26,938 (2024: £24,012) to the company. During the year the company made aggregate advances to the director of £Nil and the director made aggregate repayments of £Nil. Interest of £2,926 was charged at a rate of 2.25% from December 2024 to March 2025, and 3.75% from April 2025 to November 2025 on outstanding amounts during the year. During the year, a loan due from a director of £4,724 was written off by the group. No balance was outstanding at the year end.

13. Related party transactions

Group

At the year-end, the group was owed £1,611,904 (2024: £2,007,500) by companies associated under common control. During the year, companies associated under common control charged the group £300,000 (2024: £Nil) in respect of management and support services.

Company

At the year end the company was owed £876,889 (2024: £1,272,485) by companies associated under common control. At the year end the company owed £17,155 (2024: £Nil) to companies associated under common control.