IMPULSE GEOPHYSICS LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

1ST JULY 2024 TO 31ST DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R W Milligan

J R Goodwin

D T Gough

R A Hildick-Smith

M G T Marriott

REGISTERED OFFICE:

Socotec House

Bretby Business Park

Bretby

Burton-On-Trent

Derbyshire

DE15 0YZ

REGISTERED NUMBER:

04470791 (England and Wales)

AUDITORS:

HW Bedford Limited

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

BANKERS:

Yorkshire Bank

88 High Street

Bedford

Bedfordshire

MK40 1RG

FIXED ASSETS

Tangible assets

4

48,780

67,182

CURRENT ASSETS

Debtors

5

1,490,951

776,812

Cash at bank and in hand

251,145

1,083,294

1,742,096

1,860,106

CREDITORS

Amounts falling due within one year

6

91,417

245,005

NET CURRENT ASSETS

1,650,679

1,615,101

TOTAL ASSETS LESS CURRENT LIABILITIES

1,699,459

1,682,283

PROVISIONS FOR LIABILITIES

12,195

16,796

NET ASSETS

1,687,264

1,665,487

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,687,164

1,665,387

SHAREHOLDERS' FUNDS

1,687,264

1,665,487

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th September 2026 and were signed on its behalf by:

J R Goodwin - Director

1.	STATUTORY INFORMATION

Impulse Geophysics 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.

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The comparative figures are not directly comparable as the current period is 18 months.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents amounts invoiced in the year in respect of services provided, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 10 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st July 2024

75,124

110,328

87,165

272,617

Additions

9,814

-

5,073

14,887

At 31st December 2025

84,938

110,328

92,238

287,504

DEPRECIATION

At 1st July 2024

61,072

68,392

75,971

205,435

Charge for period

7,110

15,726

10,453

33,289

At 31st December 2025

68,182

84,118

86,424

238,724

NET BOOK VALUE

At 31st December 2025

16,756

26,210

5,814

48,780

At 30th June 2024

14,052

41,936

11,194

67,182

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

12,490

197,003

Doubtful debt provision

-

(4,000

)

Amounts owed by group undertakings

1,394,159

-

Amounts recoverable on contract

47,601

136,178

Other debtors

-

324,376

Directors' current accounts

-

114,891

Prepayments & accrued income

36,701

8,364

1,490,951

776,812

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,154

799

Corporation tax

10,690

94,834

Social security and other taxes

42,948

125,945

Other creditors

177

1,059

Credit card

650

4,043

Directors' current accounts

22

-

Accruals and deferred income

34,776

18,325

91,417

245,005

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

The Report of the Auditors was unqualified.

Alberto Di Lorenzo FCA (Senior Statutory Auditor)

for and on behalf of HW Bedford Limited

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31st December 2025 and the year ended 30th June 2024:

2025

2024

£

£

R W Milligan and L C Milligan

Balance outstanding at start of period

114,891

(478

)

Amounts advanced

-

124,000

Amounts repaid

(114,891

)

(8,631

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

114,891

9.	POST BALANCE SHEET EVENTS

On 1st January 2026, the trade and assets of Impulse Geophysics Limited were hived up to the parent company SOCOTEC UK Limited. As a result of the hive up, the company became a dormant company on 1st January 2026.

10.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking at 31 December 2025 was Polaris SOCOTEC SAS, a Company incorporated in France, which owned 99.70% of SOCO 1 SAS. As at 31 December 2025 SOCO 1 SAS owned 100% of Holding Socotec SAS, which as at 31 December 2025 held 98.19% of the issued share capital of Phoenix UK 2020 Limited, a company registered in England and Wales, which is the ultimate domestic parent of this entity. Polaris SOCOTEC SAS is the parent undertaking of the smallest and largest group to consolidate these financial statements and this company is included in the consolidated financial statements of Polaris SOCOTEC SAS, a copy of which will be submitted alongside these financial statements and may be obtained from The Registrar of Companies, Companies Registration Office, Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.

In the opinion of the directors the ultimate controlling party is Sophinvest SA, a company registered in Luxembourg. Sophinvest SA, owns 62.86% of Polaris SOCOTEC SAS the ultimate parent undertaking.