REGISTERED NUMBER: 05882648 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

COMPUTER EYEZ (SOUTH) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S T Smyth

REGISTERED OFFICE:

Sussex Innovation Centre Science Park Sq

Falmer

Brighton

East Sussex

BN1 9SB

REGISTERED NUMBER:

05882648 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

31,525

22,036

CURRENT ASSETS

Stocks

5

36,725

33,078

Debtors

6

78,358

49,534

Cash at bank

65,615

190,228

180,698

272,840

CREDITORS

Amounts falling due within one year

7

201,247

206,990

NET CURRENT (LIABILITIES)/ASSETS

(20,549

)

65,850

TOTAL ASSETS LESS CURRENT LIABILITIES

10,976

87,886

CREDITORS

Amounts falling due after more than one year

8

-

(4,467

)

PROVISIONS FOR LIABILITIES

(5,811

)

(3,307

)

NET ASSETS

5,165

80,112

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,065

80,012

5,165

80,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 July 2026 and were signed by:

S T Smyth - Director

1.	STATUTORY INFORMATION

Computer Eyez (South) 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.

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

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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

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 sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

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

-

20% straight line

Motor vehicles

-

25% straight line

Computer equipment

-

25% straight line, 20% straight line and 15% 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 current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

11,277

19,531

142,464

173,272

Additions

5,874

4,436

8,792

19,102

At 31 December 2025

17,151

23,967

151,256

192,374

DEPRECIATION

At 1 January 2025

5,351

18,590

127,295

151,236

Charge for year

3,159

1,280

5,174

9,613

At 31 December 2025

8,510

19,870

132,469

160,849

NET BOOK VALUE

At 31 December 2025

8,641

4,097

18,787

31,525

At 31 December 2024

5,926

941

15,169

22,036

5.

STOCKS

2025

2024

£

£

Stocks

36,725

33,078

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

65,364

44,059

Directors' loan accounts

4,898

-

Prepayments

8,096

5,475

78,358

49,534

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,416

10,346

Trade creditors

54,445

44,309

Tax

23,446

61,038

Social security and other taxes

8,077

7,040

VAT

36,372

44,014

Other creditors

23,825

33,147

Pensions payable

1,565

1,455

Directors' loan accounts

-

419

Accruals and deferred income

-

664

Accrued expenses

49,101

4,558

201,247

206,990

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

4,467

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

S T Smyth

Balance outstanding at start of year

(419

)

(1,583

)

Amounts advanced

179,698

86,445

Amounts repaid

(174,381

)

(85,281

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,898

(419

)

This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

Also during the year, the company paid S Smyth rent amounting to £1,576 (2024: £1,541) as a result of utilising office space within his home.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ingenio Technologies Group Limited.

This was by virtue of their 100% holding of the issued share capital.

11.	ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. As at the year end the current liabilities exceeded current assets by £20,549.