REGISTERED NUMBER: 04050972 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 December 2025

for

Netpremacy Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Income and Retained Earnings

9

Balance Sheet

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

13

DIRECTORS:

M Carter

J L Carter

J P R Wade

SECRETARY:

M J Carter

REGISTERED OFFICE:

6 Wellington Place

Leeds

West Yorkshire

LS1 4AP

REGISTERED NUMBER:

04050972 (England and Wales)

SENIOR STATUTORY AUDITOR:

Andrew Wilkinson FCA

AUDITORS:

Malcolm Jones & Co Limited

Statutory Auditors

Accountants and Business Advisers

West Hill House

Allerton Hill

Chapel Allerton

Leeds

West Yorkshire

LS7 3QB

The directors present their strategic report for the year ended 31 December 2025.

REVIEW OF BUSINESS

Netpremacy's results to December 2025 showed steady trading through the year. Accounts to December 2025 showed expansion by 2.79% (to £62.7m). The position is still strong with an EBITDA in the year of £1.5m.

Over the last year we have demonstrated our ability to act quickly and effectively to solve complex challenges for our clients.

GOOGLE PARTNER OF THE YEAR

Netpremacy has been awarded the Partner of the year for multiple years, recognising Netpremacy's strong technical capability, and its high level of certified professionals, along with customer success throughout the year.

SECTION 172(1) STATEMENT

In accordance with section 172 of the Companies Act 2006, each of the directors acts in the way they consider, in good faith, would most likely promote the success of the company for the benefit of all its stakeholders as a whole.

Our key stakeholders are our staff, customers and suppliers and all key Board decisions take into account the impact on all relevant stakeholders.

We have increased our reporting to staff, sharing news and results across teams to maximise employee engagement and visibility.

The Board continues to provide oversight governance to ensure that the business remains compliant with its policies and maintains a high standard of business conduct.

PRINCIPAL RISKS AND UNCERTAINTIES

There are a number of potential risks and uncertainties which could have a material impact on the company's long-term performance and cause the actual results to materially differ from expected results. Management continually seeks to identify material risks and to implement plans to mitigate the company's exposure to them.

FUTURE DEVELOPMENTS

The coming financial year represents a strategic pivot as Netpremacy accelerates from foundational AI exploration into scalable, enterprise-wide AI enablement and deployment.. Central to this strategy is our proprietary AI Navigator programme, a high-impact consultancy framework, providing a clear path forward, designed to bridge the gap between AI's potential, delivering, super smart AI enterprise and actual business ROI.

This end-to-end enablement, culminating in a clear, prioritised strategic roadmap and value-sprint execution, is securing our position as the partner of choice for Agentic Workplace Transformation. This transition from consultative discovery to hands-on implementation of Google's Gemini and Cloud technology is projected to be the primary driver of Netpremacy's service revenue and market-share expansion.

Historically revenue was generated through a mixture of Google Workspace and Google Cloud licence revenue. With the advancement of AI demand, Netpremacy facilitate businesses transformation into an AI driven enterprise, which has resulted in a significant increase in demand for professional services for building AI solutions for customers. This will show an improvement in the profit margin in 2026.

ONE OF EUROPE'S LARGEST INDEPENDENT GOOGLE PARTNERS

Founded in 2000, Netpremacy is one of the largest full-stack Google Premier Partners in Europe, providing a range of licensing, professional and managed services across Google's, Gemini Ai, Google Workspace and Cloud solutions.

Netpremacy enjoys success introducing Google Gemini Ai into its substantial Google Workspace and Google Cloud Platform (GCP) client base.

Customers are in all business sectors, including a large number of FTSE 100 companies.

ON BEHALF OF THE BOARD:

J L Carter - Director

23 September 2026

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

DIVIDENDS

Interim dividends per share were paid as follows:

£148.50

- 6 January 2025

£13.50

- 6 April 2025

£162.00

The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 December 2025 will be £ 1,620,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

M Carter

J L Carter

J P R Wade

ENGAGEMENT WITH SUPPLIERS, CUSTOMERS AND OTHERS

The directors continually have regard to foster the company's business relationships with customers, suppliers and others.

We focus on strong customer relationships which helps to retain our broad customer basis.

Netpremacy is dependent on its relationship with Google along with other vital suppliers, investing in staff training and certifications, and liaising closely with them.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Malcolm Jones & Co Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

J L Carter - Director

23 September 2026

Opinion

We have audited the financial statements of Netpremacy Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework within which the company operates, focusing on those laws and regulations that directly effects how material balances are determined and also the disclosures in the financial statements. the laws and regulations considered by us in this context were the Companies Act 2006 and various taxation legislation.

We identified the greatest risks of material impact on the financial statements from irregularities, including fraud, to be revenue and cost recognition and override of controls by management. Our audit procedures to respond to revenue and cost recognition risks included sample testing a sample of income/costs across the year to agree to supporting documentation and reviewing income and costs either side of the year end to ensure they have been recognised correctly. Our audit procedures to respond to management override risks included enquiries of management about their own identification and an assessment of the risks of irregularities, reviewing the posting of journals and reviewing the accounting estimates for bias.

Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Wilkinson FCA (Senior Statutory Auditor)

for and on behalf of Malcolm Jones & Co Limited

Statutory Auditors

Accountants and Business Advisers

West Hill House

Allerton Hill

Chapel Allerton

Leeds

West Yorkshire

LS7 3QB

23 September 2026

TURNOVER

62,710,942

61,011,579

Cost of sales

57,310,594

55,213,982

GROSS PROFIT

5,400,348

5,797,597

Administrative expenses

4,016,902

4,139,349

OPERATING PROFIT

4

1,383,446

1,658,248

Interest receivable and similar income

7,827

13,657

PROFIT BEFORE TAXATION

1,391,273

1,671,905

Tax on profit

5

355,152

455,031

PROFIT FOR THE FINANCIAL YEAR

1,036,121

1,216,874

Retained earnings at beginning of year as previously reported

1,597,456

2,128,127

Dividends

6

(1,620,000

)

(2,527,500

)

Prior year adjustment

7

(779,955

)

-

RETAINED EARNINGS AT END OF YEAR

233,622

817,501

FIXED ASSETS

Tangible assets

8

375,073

463,872

97,559

CURRENT ASSETS

Debtors

9

22,860,429

20,958,945

26,548,687

Cash at bank and in hand

9,458,512

14,048,478

16,483,299

32,318,941

35,007,423

43,031,986

CREDITORS

Amounts falling due within one year

10

(32,369,260

)

(34,540,777

)

(40,980,294

)

NET CURRENT (LIABILITIES)/ASSETS

(50,319

)

466,646

2,051,692

TOTAL ASSETS LESS CURRENT LIABILITIES

324,754

930,518

2,149,251

PROVISIONS FOR LIABILITIES

12

(81,132

)

(103,017

)

(11,124

)

NET ASSETS

243,622

827,501

2,138,127

CAPITAL AND RESERVES

Called up share capital

13

10,000

10,000

10,000

Retained earnings

14

233,622

817,501

2,128,127

SHAREHOLDERS' FUNDS

243,622

827,501

2,138,127

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by:

J L Carter - Director

Cash flows from operating activities

Cash generated from operations

1

(656,810

)

1,068,980

Tax paid

(524,898

)

(728,371

)

Net cash from operating activities

(1,181,708

)

340,609

Cash flows from investing activities

Purchase of tangible fixed assets

(5,701

)

(477,997

)

Interest received

7,827

13,657

Net cash from investing activities

2,126

(464,340

)

Cash flows from financing activities

Amount introduced by directors

1,772,308

1,627,501

Amount withdrawn by directors

(3,562,692

)

(1,411,091

)

Equity dividends paid

(1,620,000

)

(2,527,500

)

Net cash from financing activities

(3,410,384

)

(2,311,090

)

Decrease in cash and cash equivalents

(4,589,966

)

(2,434,821

)

Cash and cash equivalents at beginning of year

2

14,048,478

16,483,299

Cash and cash equivalents at end of year

2

9,458,512

14,048,478

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.12.25

31.12.24

as restated

£

£

Profit before taxation

1,391,273

1,671,905

Depreciation charges

94,500

111,685

Finance income

(7,827

)

(13,657

)

1,477,946

1,769,933

(Increase)/decrease in trade and other debtors

(427,067

)

5,792,139

Decrease in trade and other creditors

(1,707,689

)

(6,493,092

)

Cash generated from operations

(656,810

)

1,068,980

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

9,458,512

14,048,478

Year ended 31 December 2024

31.12.24

1.1.24

as restated

£

£

Cash and cash equivalents

14,048,478

16,483,299

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank and in hand

14,048,478

(4,589,966

)

9,458,512

14,048,478

(4,589,966

)

9,458,512

Total

14,048,478

(4,589,966

)

9,458,512

1.	STATUTORY INFORMATION

Netpremacy 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Revenue from contracts where there is a provision of services involved, is recognised at the point the contract is agreed, which would normally be the date the sales invoice is raised. This is the point when the significant risks and rewards of ownership, for a specified period of time, are passed to the customer.

Revenue from the sale of goods is normally recognised on dispatch of goods. This is the point when the significant risks and rewards of ownership are passed to the customer, the amount of revenue can be reliably measured, it is probable that economic benefits associated with the transaction will flow to the entity and that costs incurred can be reliably measured.

Tangible fixed assets

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

Short leasehold

-

2% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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.

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.

The benefits of lease incentives connected with property leases are recognised in the Income Statement at the time the incentive was made, rather than over the term 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

31.12.25

31.12.24

as restated

£

£

Wages and salaries

4,651,905

4,666,062

Social security costs

644,851

580,101

Other pension costs

45,704

47,975

5,342,460

5,294,138

The average number of employees during the year was as follows:

31.12.25

31.12.24

as restated

Directors

3

3

Direct Staff

46

51

49

54

31.12.25

31.12.24

as restated

£

£

Directors' remuneration

1,634,159

1,645,217

Information regarding the highest paid director is as follows:

31.12.25

31.12.24

as restated

£

£

Emoluments etc

731,200

732,141

4.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.12.25

31.12.24

as restated

£

£

Other operating leases

211,818

201,428

Depreciation - owned assets

94,500

111,684

Auditors' remuneration

18,000

14,000

Foreign exchange differences

(48,496

)

(4,584

)

Non-audit fees

30,800

35,200

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.12.25

31.12.24

as restated

£

£

Current tax:

UK corporation tax

377,037

363,138

Deferred tax

(21,885

)

91,893

Tax on profit

355,152

455,031

UK corporation tax has been charged at 25% (2024 - 25%).

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.12.25

31.12.24

as restated

£

£

Profit before tax

1,391,273

1,671,905

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

347,818

417,976

Effects of:

Expenses not deductible for tax purposes

7,018

36,740

Depreciation in excess of capital allowances

316

315

Total tax charge

355,152

455,031

6.

DIVIDENDS

31.12.25

31.12.24

as restated

£

£

Ordinary shares of £1 each

Interim

1,620,000

2,527,500

7.	PRIOR YEAR ADJUSTMENTS

During the year, the directors identified that the provision for amounts owing on contracts at the previous year end had been understated. The correction reduced profit before taxation for the comparative period by £1,039,940 and reduced the corporation tax charge by £259,985. Retained earnings at the comparative balance sheet date decreased by £779,955.

8.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

62,918

51,473

464,929

64,370

643,690

Additions

-

-

-

5,701

5,701

At 31 December 2025

62,918

51,473

464,929

70,071

649,391

DEPRECIATION

At 1 January 2025

11,113

41,205

92,986

34,514

179,818

Charge for year

1,258

7,393

74,389

11,460

94,500

At 31 December 2025

12,371

48,598

167,375

45,974

274,318

NET BOOK VALUE

At 31 December 2025

50,547

2,875

297,554

24,097

375,073

At 31 December 2024

51,805

10,268

371,943

29,856

463,872

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

as restated

£

£

Trade debtors

20,937,165

20,468,954

Other debtors

180,000

180,000

Directors' current accounts

1,253,693

-

Tax

423,121

202,397

Prepayments

66,450

107,594

22,860,429

20,958,945

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

as restated

£

£

Trade creditors

27,453,190

28,615,261

Corporation tax

72,863

-

Social security and other taxes

4,585,384

5,097,380

Other creditors

6,845

4,015

Directors' current accounts

138,956

675,647

Accrued expenses

112,022

148,474

32,369,260

34,540,777