REGISTERED NUMBER: 07035094 (England and Wales)

Financial Statements

For The Year Ended 30 September 2025

for

Jasco Applied Sciences (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R D J Burns

S A Carr

D E Hannay

R G Racca

REGISTERED OFFICE:

The Flint Barn

St Clair's Farm

Wickham Road, Droxford

Southampton

Hampshire

SO32 3PW

REGISTERED NUMBER:

07035094 (England and Wales)

AUDITORS:

Sheen Stickland

Chartered Accountants

Statutory Auditors

2 Oriel Court

Omega Park

Alton

Hampshire

GU34 2YT

FIXED ASSETS

Tangible assets

5

24,381

18,053

CURRENT ASSETS

Stocks

6

-

194,138

Debtors

7

135,220

326,365

Cash at bank

371,934

292,546

507,154

813,049

CREDITORS

Amounts falling due within one year

8

162,019

548,400

NET CURRENT ASSETS

345,135

264,649

TOTAL ASSETS LESS CURRENT LIABILITIES

369,516

282,702

PROVISIONS FOR LIABILITIES

5,258

2,838

NET ASSETS

364,258

279,864

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

364,058

279,664

SHAREHOLDERS' FUNDS

364,258

279,864

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 8 September 2026 and were signed on its behalf by:

R D J Burns - Director

1.	STATUTORY INFORMATION

Jasco Applied Sciences (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Jasco Applied Sciences (UK) expects to continue trading into the foreseeable future and is fully supported in this aim by the ownership of the Canadian parent company.

There are no material concerns or expected financial impediments to continued trading and the company remains in strong position with adequate financial resources and ownership support to continue trading.

Significant judgements and estimates

The preparation of the financial statements requires the Directors to make judgements, estimates and assumptions that can affect the amounts reported for assets and liabilities, and the results for the year.

The nature of estimation is such though that actual outcomes could differ significantly from those estimates.

There are no judgements or sources of estimation or uncertainty that have had a significant impact on amounts recognised in the financial statements.

Turnover

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

Tangible fixed assets

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

Improvements to property

-

Straight line over 5 years

Plant and machinery

-

25% reducing balance basis

Fixtures and equipment

-

25% on cost and 20% reducing balance basis

Computer equipment

-

25% reducing balance basis, Straight line over 3 years and Straight line over 8 years

Work in progress

Where the substance of a contract is that the contractual obligations are performed gradually over time,

revenue is recognised as contract activity progresses to reflect the partial performance of our contractual

obligations. The amount of revenue included reflects the accrual of the right to consideration as contract

activity progresses by reference to value of the work performed.

Financial instruments

Basic financial assets, including trade and other debtors, cash and bank balances and

loans to fellow group companies, 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.

Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies that are classified as debt, 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 receipts discounted at a market rate of interest.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

equipment

equipment

Totals

£

£

£

£

£

COST

At 1 October 2024

16,750

252

7,280

24,300

48,582

Additions

-

-

554

12,833

13,387

At 30 September 2025

16,750

252

7,834

37,133

61,969

DEPRECIATION

At 1 October 2024

10,050

228

6,077

14,174

30,529

Charge for year

3,350

6

323

3,380

7,059

At 30 September 2025

13,400

234

6,400

17,554

37,588

NET BOOK VALUE

At 30 September 2025

3,350

18

1,434

19,579

24,381

At 30 September 2024

6,700

24

1,203

10,126

18,053

6.

STOCKS

30.9.25

30.9.24

£

£

Work-in-progress

-

194,138

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

23,098

8,572

Amounts owed by group undertakings

63,348

245,540

Other debtors

-

336

Other loans to group undertakings

-

54,065

VAT

-

748

Prepayments and accrued income

48,774

17,104

135,220

326,365

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade creditors

7,887

3,589

Amounts owed to group undertakings

117,688

469,481

Tax

10,807

52,494

Social security and other taxes

5,773

5,416

VAT

3,395

-

Pension contributions payable

5,037

5,001

Directors' current accounts

132

132

Accruals and deferred income

11,300

12,287

162,019

548,400

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

The Report of the Auditors was unqualified.

David Sanders (Senior Statutory Auditor)

for and on behalf of Sheen Stickland

10.	OTHER FINANCIAL COMMITMENTS

The company had other financial commitments of £25,350 for contracted future lease payments.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Jasco Research Limited.