Lisam Systems Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08322725 (England and Wales)

Report of the Directors and

Financial Statements for the Year Ended 31 December 2025

for

Lisam Systems Ltd

Page

Company Information

1

Report of the Directors

2

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

T Levintoff

M Hemberg

Ms M Jones

REGISTERED OFFICE:

62 The Close

Quayside Lofts

Newcastle Upon Tyne

NE1 3RJ

REGISTERED NUMBER:

08322725 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

31 Victoria Road

Darlinghton

DL1 5SB

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of software sales and licencing.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

T Levintoff

M Hemberg

Other changes in directors holding office are as follows:

Ms M Jones was appointed as a director after 31 December 2025 but prior to the date of this report.

S Bradshaw ceased to be a director after 31 December 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors 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 company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Ms M Jones - Director

17 June 2026

FIXED ASSETS

Tangible assets

4

226,315

12,287

CURRENT ASSETS

Debtors

5

247,697

137,215

Cash at bank

391,645

723,614

639,342

860,829

CREDITORS

Amounts falling due within one year

6

256,084

518,644

NET CURRENT ASSETS

383,258

342,185

TOTAL ASSETS LESS CURRENT
LIABILITIES

609,573

354,472

PROVISIONS FOR LIABILITIES

149

-

NET ASSETS

609,424

354,472

CAPITAL AND RESERVES

Called up share capital

300

Retained earnings

609,124

354,172

609,424

354,472

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2026 and were signed on its behalf by:

Ms M Jones - Director

1.	STATUTORY INFORMATION

Lisam Systems 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.

Turnover

Turnover is measured at fair value of the consideration received, excluding discounts and value added tax. Software licence income is allocated over the period covered by the licence on a time basis.

Software licence purchases

Software licence purchases are allocated over the period covered by the licence on a time basis.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

COST

At 1 January 2025

-

24,296

Additions

210,524

8,768

219,292

At 31 December 2025

210,524

33,064

243,588

DEPRECIATION

At 1 January 2025

-

12,009

Charge for year

-

5,264

At 31 December 2025

-

17,273

NET BOOK VALUE

At 31 December 2025

210,524

15,791

226,315

At 31 December 2024

-

12,287

5.

DEBTORS

31.12.25

31.12.24

£

Amounts falling due within one year:

Trade debtors

25,029

34,525

Amounts owed by group undertakings

27,951

67,875

Other debtors

194,717

33,800

247,697

136,200

Amounts falling due after more than one year:

Deferred tax asset

-

1,015

Aggregate amounts

247,697

137,215

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Deferred income

64,296

50,223

Trade creditors

10,188

7,877

Amounts owed to group undertakings

29,672

114,577

Taxation and social security

89,135

99,740

Other creditors

62,793

246,227

256,084

518,644

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

The Report of the Auditors was unqualified.

Stephen Gardner F.C.A. (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

S Bradshaw

Balance outstanding at start of year

5,000

-

Amounts advanced

671

5,000

Amounts repaid

(5,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

671

5,000

9.	RELATED PARTY DISCLOSURES

The company is a 100% subsidiary of Lisam Systems SA, of Rue Jean Jaures 5, 7190 Ecaussinnes, Belgium.

Software Licence Purchases include £1,026,921 from the parent company. (2024: £937,845) and Interest charges include £2,439 charged by parent company. (2024: £4,290)

Debtors include £27,951 owed to the parent company. There are no fixed terms of repayment.(2024 £67,875)

Lisam Systems SA is a 100% subsidiary of Lisam EHS Software, of Rue Jean Jaures 5, 7190 Ecaussinnes, Belgium.

Creditors include £23,793 owed to Lisam EHS Software. (2024: £114,127) and £450 due to Lisam SA.

Costs include £7,047 charged by Lisam EHS Software.(2024: £7,275)

10.	ULTIMATE CONTROLLING COMPANY

The controlling company is Lisam Systems SA., a company registered in Belgium.

The ultimate controlling company is Lisam EHS Software, a company registered in Belgium.