REGISTERED NUMBER: 05743321 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Edgewave Systems Ltd

(formerly Qytek Limited)

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

D. Cowan

REGISTERED OFFICE:

30 Bankside Court

Stationfields

Kidlington

Oxford

Oxfordshire

OX5 1JE

REGISTERED NUMBER:

05743321 (England and Wales)

ACCOUNTANTS:

Chapman Robinson and Moore Limited

30 Bankside Court

Stationfields

Kidlington

Oxford

OX5 1JE

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 Profit and Loss Account 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 Edgewave Systems Ltd for the year ended 31 March 2026 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Edgewave Systems Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Edgewave Systems Ltd and state those matters that we have agreed to state to the director of Edgewave Systems Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Edgewave Systems Ltd 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 Edgewave Systems Ltd. You consider that Edgewave Systems Ltd 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 Edgewave Systems Ltd. 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.

Chapman Robinson and Moore Limited

30 Bankside Court

Stationfields

Kidlington

Oxford

OX5 1JE

1 September 2026

FIXED ASSETS

Tangible assets

4

10,612

14,329

Investments

5

54,322

54,322

64,934

68,651

CURRENT ASSETS

Stocks

6,106

989

Debtors

6

47,754

13,923

Cash at bank

55,433

90,211

109,293

105,123

CREDITORS

Amounts falling due within one year

7

(33,357

)

(27,788

)

NET CURRENT ASSETS

75,936

77,335

TOTAL ASSETS LESS CURRENT LIABILITIES

140,870

145,986

CREDITORS

Amounts falling due after more than one year

8

-

(3,333

)

PROVISIONS FOR LIABILITIES

9

(9,305

)

(9,956

)

NET ASSETS

131,565

132,697

CAPITAL AND RESERVES

Called up share capital

4

4

Fair value reserve

10

33,054

33,054

Retained earnings

98,507

99,639

131,565

132,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 1 September 2026 and were signed by:

D. Cowan - Director

1.	STATUTORY INFORMATION

Edgewave 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.

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 as modified by the revaluation of certain assets.

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.

Plant and machinery etc

-

25% on reducing balance and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises of 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 and 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.

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.

Investments

Investments in unlisted equity instruments are initially measured at cost and subsequently at fair value through profit or loss where fair value can be reliably measured. Where fair value cannot be reliably measured, the investment is carried at cost less impairment. Changes in fair value are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

32,269

DEPRECIATION

At 1 April 2025

17,940

Charge for year

3,717

At 31 March 2026

21,657

NET BOOK VALUE

At 31 March 2026

10,612

At 31 March 2025

14,329

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2025

and 31 March 2026

54,322

NET BOOK VALUE

At 31 March 2026

54,322

At 31 March 2025

54,322

Cost or valuation at 31 March 2026 is represented by:

Other

investments

£

Valuation in 2025

44,072

Cost

10,250

54,322

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Trade debtors

43,848

12,922

Other debtors

3,906

1,001

47,754

13,923

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Bank loans and overdrafts

3,334

10,000

Trade creditors

9,015

98

Taxation and social security

18,883

15,860

Other creditors

2,125

1,830

33,357

27,788

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/26

31/3/25

£

£

Bank loans

-

3,333

9.	PROVISIONS FOR LIABILITIES

31/3/26

31/3/25

£

£

Deferred tax

9,305

9,956

Deferred

tax

£

Balance at 1 April 2025

9,956

Credit to Profit and Loss Account during year

(651

)

Balance at 31 March 2026

9,305

10.

RESERVES

Fair

value

reserve

£

At 1 April 2025

and 31 March 2026

33,054

11.	POST BALANCE SHEET EVENTS

On 18 August 2026, the company changed its name by special resolution from Qytek Limited to Edgewave Systems Ltd.