REGISTERED NUMBER: 03998680 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Public-i Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A M Price

O Stafström

S H Esmaeili Araghi

J Soriano Martinez

REGISTERED OFFICE:

5th Floor Sheridan House

112 - 116 Western Road

Hove

East Sussex

BN3 1DD

REGISTERED NUMBER:

03998680 (England and Wales)

AUDITORS:

Atkinsons

Chartered Accountants & Statutory Auditors

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

BANKERS:

National Westminster Bank

8-11 Pavilion Buildings

Castle Square

Brighton

East Sussex

BN1 1DP

FIXED ASSETS

Tangible assets

4

300,243

403,153

CURRENT ASSETS

Stocks

569,251

657,831

Debtors

5

4,166,712

3,062,317

Cash at bank

548,911

176,391

5,284,874

3,896,539

CREDITORS

Amounts falling due within one year

6

2,494,846

1,614,098

NET CURRENT ASSETS

2,790,028

2,282,441

TOTAL ASSETS LESS CURRENT LIABILITIES

3,090,271

2,685,594

CAPITAL AND RESERVES

Called up share capital

9

3,147

3,147

Share premium

282,249

282,249

Capital redemption reserve

367

367

Retained earnings

2,804,508

2,399,831

SHAREHOLDERS' FUNDS

3,090,271

2,685,594

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 Board of Directors and authorised for issue on 27 February 2026 and were signed on its behalf by:

A M Price - Director

1.	STATUTORY INFORMATION

Public-i Group 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 nature of the company’s operations and its principal activities are set out in the directors' report on page 2

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 on the going concern basis and under the historical cost convention.

The company has taken advantage of the exemption for small companies not to prepare a statement of cash flows.

Going concern

The directors have considered the financial projections and the budget for the company over the foreseeable future. The company might need additional cash in the coming months to run its operations, however given the current business trends and forecasts, the management is confident to find additional financial resources, if need be. Accordingly, the directors have a reasonable expectation that the company will have sufficient resources to continue its operations for the foreseeable future and therefore have prepared the financial statements on a going concern basis.

Significant judgements and estimates

In the application of the company’s accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are discussed below.

Accrued income

The company establishes a receivable for revenue earned from the provision of services but not yet invoiced by the year end based on underlying contractual agreements in place; this receivable is computed by estimating the extent of completion or performance of the related work and when the amount is earned. The carrying amount is £732,592 (2024: £0).

Deferred income

The company establishes a payable for revenue for contracts that had started by the year end and are contractually bound but that had not been fully invoiced yet; this payable is computed by estimating the extent of completion or performance of the related work and when the amount is earned. The carrying amount is £2,023,734 (2024: £1,419,082).

Turnover

Turnover comprises connect renewals income, connect new contracts income, AV sales income, AV maintenance income, event income, software income and sundries. Connect income for each contract regardless of length is recognised 25% at the start of the contract and the remainder spread evenly over the lifetime of the contract. AV Sales income is recognised in accordance with the degree of completion of each installation project. AV Maintenance income is recognised evenly over the lifetime of the contract. Events income is recognised in full at the time of the event. Software income is recognised in full at the time of sale. Sundries income is recognised at the time of sale.

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% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of fixtures, fittings and equipment includes directly attributable incremental costs incurred in their acquisition and installation.

Stocks

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

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.

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.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Receivables and payables

Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 37 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

145,249

96,049

4,042,679

4,283,977

Additions

1,520

17,994

178,963

198,477

Disposals

-

(14,432

)

-

(14,432

)

At 31 December 2025

146,769

99,611

4,221,642

4,468,022

DEPRECIATION

At 1 January 2025

139,212

74,674

3,666,938

3,880,824

Charge for year

2,248

17,420

281,719

301,387

Eliminated on disposal

-

(14,432

)

-

(14,432

)

At 31 December 2025

141,460

77,662

3,948,657

4,167,779

NET BOOK VALUE

At 31 December 2025

5,309

21,949

272,985

300,243

At 31 December 2024

6,037

21,375

375,741

403,153

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

990,800

689,066

Amounts owed by group undertakings

2,347,141

2,284,358

Other debtors

20,260

16,778

Prepayments and accrued income

808,511

72,115

4,166,712

3,062,317

Included in other debtors is rent deposits of £16,700, which is recoverable after more than 1 year.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Credit card account

4,972

4,782

Trade creditors

165,071

24,184

Corporation tax

17,169

21,901

Social security and other taxes

48,270

40,884

VAT

160,123

45,673

Other creditors

-

10,500

Pension scheme

24,150

11,855

Accruals and deferred income

2,075,091

1,454,319

2,494,846

1,614,098

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

58,103

40,145

Between one and five years

179,340

-

237,443

40,145

8.	PENSION SCHEME

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £96,009 (2024 - £93,883).

At the end of the year there was £24,150 (2024: £11,855) unpaid in respect of pension contributions.

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

314,650

Share capital 1

1p

3,147

3,147

Reserves

The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments. This reserve forms part of the company's distributable reserves. The share premium reserve represents premium paid for new shares above their nominal value net of issue costs and bonus share issues. This reserve forms part of the company's non-distributable reserves.

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

The Report of the Auditors was unqualified.

Oliver Atkinson (Senior Statutory Auditor)

for and on behalf of Atkinsons

11.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of paragraph 1AC.35 of FRS 102 - Small Entities not to disclose transactions with entities that are wholly owned members of the group. There were no other related party transactions to disclose.

12.	POST BALANCE SHEET EVENTS

There have been no significant events between the year end and the date of approval of these accounts which would require a change to, or disclosure in, the financial statements.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Lyvia UK Ltd, Sweden House, 5 UpperMontagu Street, London, W1H 2AG.

The ultimate controlling party is Mr Saeid Esmaeilzadeh.

The ultimate parent undertaking is Mirovia Nordics AB (Publ). The ultimate parent undertaking prepares group financial statement. Copies of the group financial statements can be obtained from Lyvia Group, Hovslagargatan 5B 111 48 Stockholm, Sweden.