Invincible Software Holdings Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Invincible Software Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14888025 . The registered office is The Old Stables, Eaton, Abingdon, OX13 5PR.

The Functional currency is considered to be pounds sterling and is rounded to the nearest £.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these Financial Statements. Accordingly, the going concern basis has been adopted in preparing these Financial Statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over

their useful lives on the following bases:

Other 5 Years Straight Line

At each reporting period end date, the company reviews the carrying amounts of its intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

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Invincible Software Holdings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office Equipment	33% Straight Line
Leasehold Improvements	10 Years Straight Line
Computer Equipment	33% Straight Line

2.6. Financial Instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2.7. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Taxation

Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity, is also recognised in other comprehensive income or directly in equity respectively.

Current tax is the amount of income tax payable in respect of taxable profits for the year or prior years and is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current or prior periods.

Deferred tax arises from timing differences between taxable profits for the period and those shown in the financial statements. Deferred tax is recognised on all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are only 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 and that are expected to apply to the reversal of the timing differences.

2.9. Pensions

The Company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. The contributions are recognised as an expense in the profit or loss when they fall due. Amounts not paid at the Balance Sheet date are included within creditors.

2.10. Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.11. Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.12. Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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Invincible Software Holdings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 10)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	11,000

As at 31 December 2025	11,000

Amortisation
As at 1 January 2025	2,933
Provided during the period	2,200

As at 31 December 2025	5,133

Net Book Value
As at 31 December 2025	5,867

As at 1 January 2025	8,067

5. Tangible Assets

	Office Equipment	Leasehold Improvements	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	-	-	12,769	12,769
Additions	2,335	46,104	8,320	56,759

As at 31 December 2025	2,335	46,104	21,089	69,528

Depreciation
As at 1 January 2025	-	-	4,471	4,471
Provided during the period	281	2,197	6,141	8,619

As at 31 December 2025	281	2,197	10,612	13,090

Net Book Value
As at 31 December 2025	2,054	43,907	10,477	56,438

As at 1 January 2025	-	-	8,298	8,298

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	239,892	251,905
Amounts owed by group undertakings	10,000	21,518
Other debtors	21,637	5,732

	271,529	279,155

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Invincible Software Holdings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	14,245	15,607
Other creditors	76,353	6,184
Taxation and social security	44,075	23,369

	134,673	45,160

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Amounts owed to group undertakings	863,528	584,635
Other creditors	3,381	3,381

	866,909	588,016

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

10. Pension Commitments

The Company pays contributions into a defined contribution pension scheme for its employees. The pension cost charge represents contributions payable by the Company into this scheme and amounted to £23,774 (2024: £15,556). Contributions of £44 (2024: £2,857) were payable at the reporting date and included within other Creditors.

11. Directors Advances, Credits and Guarantees

Included within Creditors falling due after more than one year are the following loans from directors:

	As at 1 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Mr Michael Richards	(3,381 )	-	-	-	(3,381 )

The above loan is unsecured, interest free and repayable on demand.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		5,867		8,067
Tangible Assets	5		56,438		8,298

			62,305		16,365
CURRENT ASSETS
Debtors	6	271,529		279,155
Cash at bank and in hand		82,046		51,979

		353,575		331,134
Creditors: Amounts Falling Due Within One Year	7	(134,673 )		(45,160 )

NET CURRENT ASSETS (LIABILITIES)			218,902		285,974

TOTAL ASSETS LESS CURRENT LIABILITIES			281,207		302,339

Creditors: Amounts Falling Due After More Than One Year	8		(866,909 )		(588,016 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(14,110 )		(2,075 )

NET LIABILITIES			(599,812 )		(287,752 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			(599,813 )		(287,753 )

SHAREHOLDERS' FUNDS			(599,812)		(287,752)