Mobisy Technologies UK Limited Company accounts

COMPANY REGISTRATION NUMBER: 11961240

Mobisy Technologies UK Limited

Financial Statements

31 March 2026

Mobisy Technologies UK Limited

Financial Statements

Year ended 31 March 2026

Contents	Pages

Officers and professional advisers	1

Directors' report	2 to 3

Independent auditor's report to the members	4 to 7

Statement of income and retained earnings	8

Statement of financial position	9

Notes to the financial statements	10 to 15

Mobisy Technologies UK Limited

Officers and Professional Advisers

The board of directors	L G Bhise
	K M Kothari

Registered office	3B Swallowfield Courtyard
	Wolverhampton Road
	Oldbury
	B69 2JG

Auditor	TC Group
	Statutory auditor
	3B Swallowfield Courtyard
	Wolverhampton Road
	Oldbury
	West Midlands
	B69 2JG

Mobisy Technologies UK Limited

Directors' Report

Year ended 31 March 2026

The directors present their report and the financial statements of the company for the year ended 31 March 2026 .

Principal activities

The principal activity of the company during the year was providing Mobisy Technologies' software to customers in the UK. All software distributed by Mobisy UK is proprietary to Mobisy Technologies Private Limited. Principal risks and uncertainties The directors and officers of Mobisy Technologies Private Limited manage the risks of the Company at a group level, rather than at an individual business unit level. For this reason, the Company's directors believe that a discussion of the group's risks would not be appropriate for an understanding of the development, performance or position of the Company's business.

Directors

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

L G Bhise
K M Kothari

Dividends

The directors do not recommend the payment of any dividends (year ended March 31, 2025 : £Nil).

Future developments

There are no future developments to note. The Company expects to continue in its ordinary course of business for the foreseeable future.

Events after the end of the reporting period

There have been no significant events affecting the Company since the year end.

Directors' responsibilities statement

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 company and 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 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. Disclosure of information to 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 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 company's auditor is aware of that information. This confirmation is given and should be interpreted in accordance with the provisions of Section 418 of Companies Act 2006.

This report was approved by the board of directors on 25 August 2026 and signed on behalf of the board by:

L G Bhise

Director

Registered office:

3B Swallowfield Courtyard

Wolverhampton Road

Oldbury

B69 2JG

Mobisy Technologies UK Limited

Independent Auditor's Report to the Members of Mobisy Technologies UK Limited

Year ended 31 March 2026

Opinion

We have audited the financial statements of Mobisy Technologies UK Limited (the 'company') for the year ended 31 March 2026 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including 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 company's affairs as at 31 March 2026 and of its profit/loss] for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - 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 company 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 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 contained within the annual report. 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. Our responsibility is to read the other information and, in in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of 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 this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of 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 our 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 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 where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the 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' exemption in preparing the directors’ report and take advantage of the small companies exemption 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 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 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. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. Extent to which the audit was considered capable of detecting irregularities, including fraud The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management. Our approach was as follows: - We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussion with the directors and other management (as required by auditing standards), and discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations; - We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework (FRS 102 and the Companies Act 2006) and the relevant tax compliance regulations in the UK; - We considered the nature of the industry, the control environment and business performance, including the key drivers for management’s remuneration; - We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit; - We considered the procedures and controls that the company has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those programmes and controls. Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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.

Philippa Miller-Hawkes BA CA

(Senior Statutory Auditor)

For and on behalf of

TC Group

Statutory auditor

3B Swallowfield Courtyard

Wolverhampton Road

Oldbury

West Midlands

B69 2JG

25 August 2026

Mobisy Technologies UK Limited

Statement of Income and Retained Earnings

Year ended 31 March 2026

		2026	2025
Note		£	£
Turnover	4	2,389,690	1,179,421

Cost of sales	1,824,309	718,154
	------------	------------
Gross profit	565,381	461,267

Administrative expenses		523,714	493,369
		---------	---------
Operating profit/(loss)	5	41,667	( 32,102)

	---------	---------
Profit/(loss) before taxation	41,667	( 32,102)

Tax on profit/(loss)	9	7,819	( 6,099)
		--------	--------
Profit/(loss) for the financial year and total comprehensive income		33,848	( 26,003)
		--------	--------

Retained earnings at the start of the year	34,619	60,622
	--------	--------
Retained earnings at the end of the year	68,467	34,619
	--------	--------

All the activities of the company are from continuing operations.

Mobisy Technologies UK Limited

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	10	514	–

Current assets

Debtors	11	2,597,401	536,815
Cash at bank and in hand		41,537	113,214
		------------	---------
		2,638,938	650,029

Creditors: amounts falling due within one year	12	2,570,984	615,409
		------------	---------
Net current assets		67,954	34,620
		--------	--------
Total assets less current liabilities		68,468	34,620
		--------	--------
Net assets		68,468	34,620
		--------	--------

Capital and reserves

Called up share capital	14	1	1
Profit and loss account	15	68,467	34,619
		--------	--------
Shareholders funds		68,468	34,620
		--------	--------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of directors and authorised for issue on 25 August 2026 , and are signed on behalf of the board by:

L G Bhise

Director

Company registration number: 11961240

Mobisy Technologies UK Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3B Swallowfield Courtyard, Wolverhampton Road, Oldbury, B69 2JG.

2. Statement of compliance

These financial statements have been prepared in compliance with 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

Financial Reporting Standard 102 – reduced disclosure exemptions The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": - the requirements of Section 7 Statement of Cash Flows; - the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d); - the requirements of Section 11 Financial Instruments paragraphs 11.41(b), 11.41(c), 11.41(e), 11.41(f), 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);-the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A; -the requirements of Section 33 Related Party Disclosures paragraph 33.7. This information is included in the consolidated financial statements of Mobisy Technologies Private Limited.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Significant judgements Revenue recognition The company recognises revenue from the provision of services by reference to the stage of completion of the relevant contracts at the reporting date. Management exercises judgement in determining whether the criteria for revenue recognition have been satisfied, including assessing the extent of services provided and whether the related performance obligations have been fulfilled at the reporting date. Key sources of estimation uncertainty Recoverability of trade debtors The company reviews trade debtors for impairment at each reporting date. In determining whether an impairment provision is required, management considers factors including the age of balances, historical collection experience, customer-specific circumstances and receipts after the reporting date. The carrying value of trade debtors at 31 March 2026 was £2,455,884.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

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.

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:

	Equipment	-	33% straight line

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.

4. Turnover

Turnover arises from:

	2026	2025
	£	£
Rendering of services	2,389,690	1,179,421
	------------	------------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Operating profit/(loss)

Operating profit or loss is stated after charging:

	2026	2025
	£	£
Depreciation of tangible assets	15	–
Foreign exchange differences	36,217	37,245
	--------	--------

6. Auditor's remuneration

	2026	2025
	£	£
Fees payable for the audit of the financial statements	5,700	4,860
	-------	-------

7. Staff costs

The average number of persons employed by the company during the year amounted to 1 (2025: 1 ).

The aggregate payroll costs incurred during the year, relating to the above, were:

	2026	2025
	£	£
Wages and salaries	261,679	211,386
Social security costs	34,184	28,832
	---------	---------
	295,863	240,218
	---------	---------

8. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2026	2025
	£	£
Remuneration	261,679	211,386
	---------	---------

9. Tax on profit/(loss)

Major components of tax expense/(income)

	2026	2025
	£	£

Current tax:

UK current tax expense/(income)	1,720	( 6,099)

Deferred tax:

Origination and reversal of timing differences	6,099	–
	-------	-------
Tax on profit/(loss)	7,819	( 6,099)
	-------	-------

Reconciliation of tax expense/(income)

The tax assessed on the profit/(loss) on ordinary activities for the year is lower than (2025: the same as) the standard rate of corporation tax in the UK of 19 % (2025: 19 %).

	2026	2025
	£	£
Profit/(loss) on ordinary activities before taxation	41,667	( 32,102)
	--------	--------
Profit/(loss) on ordinary activities by rate of tax	7,917	( 6,099)
Effect of capital allowances and depreciation	( 98)	–
	--------	--------
Tax on profit/(loss)	7,819	( 6,099)
	--------	--------

10. Tangible assets

	Equipment
	£
Cost
At 1 April 2025	–
Additions	529
	----
At 31 March 2026	529
	----
Depreciation
At 1 April 2025	–
Charge for the year	15
	----
At 31 March 2026	15
	----
Carrying amount
At 31 March 2026	514
	----
At 31 March 2025	–
	----

11. Debtors

	2026	2025
	£	£
Trade debtors	2,455,884	384,903
Amounts owed by group undertakings	121,897	123,206
Deferred tax asset	–	6,099
Prepayments and accrued income	19,498	22,607
Other debtors	122	–
	------------	---------
	2,597,401	536,815
	------------	---------

12. Creditors: amounts falling due within one year

	2026	2025
	£	£
Payments received on account	–	249
Trade creditors	298	1,488
Accruals and deferred income	2,158,849	542,986
Corporation tax	1,720	–
Social security and other taxes	409,158	69,857
Other creditors	959	829
	------------	---------
	2,570,984	615,409
	------------	---------

13. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in debtors (note 11)	–	6,099
	----	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2026	2025
	£	£
Unused tax losses	–	( 6,099)
	----	-------

14. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

15. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

16. Related party transactions

As permitted by FRS 102 section 33, the company has not disclosed transactions with wholly owned group undertakings. The company is a wholly owned subsidiary of Mobisy Technologies Private Limited.

17. Controlling party

The immediate and ultimate controlling entity is Mobisy Technologies Private Limited, a private Company registered in India. The registered office is 3rd floor Sri, Aruna Chaleshwara Building, 75/1 Bellandur Main Road, Bellandur, Bangalore, India, 560103.