FOR THE YEAR ENDED 31 DECEMBER 2025
EXACTA TECHNOLOGIES LIMITED
COMPANY INFORMATION
EXACTA TECHNOLOGIES LIMITED
CONTENTS
EXACTA TECHNOLOGIES LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their strategic report for the year ended 31 December 2025.
The principal activity continues to be that of manufacture and supply of computer hardware.
The principal activity continues to be that of manufacture and supply of computer hardware.
2025 was a transformational year for the Group, marked by both a significant corporate restructure and continued strong financial and operational performance.
Exacta Technologies Group Ltd became the new parent undertaking of the trading group, incorporating Exacta Technologies Limited and Blackcore Technologies Ltd, as part of a strategic reorganisation designed to provide an enhanced platform for future growth, investment and governance. This restructuring created a clearer group structure and positioned the business to pursue future expansion opportunities.
As a result of this reorganisation, part of the Company's trade has been transferred to Blackcore Technologies Ltd, a common subsidiary of Exacta Technologies Group Ltd, and therefore created a discontinued operation within the company financial statements of Exacta Technologies Limited.
Building upon the investments made throughout 2024, the Company delivered another year of strong growth from its continuing operations. Revenue increased significantly during the year reflecting both the quality of our offering and our growing reputation within the market.
The investment in recruitment undertaken during 2024 continued to generate benefits throughout 2025, enabling the Company to successfully manage continued growth while maintaining high standards of customer service and operational performance.
The Board is pleased with the progress achieved during the year and believes the Company, and wider Group, is exceptionally well positioned to capitalise on future opportunities within an expanding technology market.
Exacta Technologies Group Ltd became the new parent undertaking of the trading group, incorporating Exacta Technologies Limited and Blackcore Technologies Ltd, as part of a strategic reorganisation designed to provide an enhanced platform for future growth, investment and governance. This restructuring created a clearer group structure and positioned the business to pursue future expansion opportunities.
As a result of this reorganisation, part of the Company's trade has been transferred to Blackcore Technologies Ltd, a common subsidiary of Exacta Technologies Group Ltd, and therefore created a discontinued operation within the company financial statements of Exacta Technologies Limited.
Building upon the investments made throughout 2024, the Company delivered another year of strong growth from its continuing operations. Revenue increased significantly during the year reflecting both the quality of our offering and our growing reputation within the market.
The investment in recruitment undertaken during 2024 continued to generate benefits throughout 2025, enabling the Company to successfully manage continued growth while maintaining high standards of customer service and operational performance.
The Board is pleased with the progress achieved during the year and believes the Company, and wider Group, is exceptionally well positioned to capitalise on future opportunities within an expanding technology market.
While the Company remains on a strong growth trajectory, we acknowledge several external risks and uncertainties that could impact future performance. Such risks include foreign exchange volatility, international trade tariffs, regulatory shifts, inflationary pressures, interest rates, geopolitical uncertainty, cybersecurity and data protection. We continue to monitor these closely and have implemented risk mitigation strategies where appropriate.
The risks above are all normal within our trading environment. The last quarter of 2025, however, highlighted the risks in the supply side of our business where the development of Hyperscale users has created unprecedented demand for certain components, pushing pricing rapidly higher and delivery times increasingly longer. We expect this to continue into 2026 but know that the unique strength and closeness of our customer relationships will help us to manage and overcome these challenges.
As the business scales we will continue growing our team. Although we have managed to successfully recruit to date, we acknowledge risks in connection with latent acquisition and retention.
The risks above are all normal within our trading environment. The last quarter of 2025, however, highlighted the risks in the supply side of our business where the development of Hyperscale users has created unprecedented demand for certain components, pushing pricing rapidly higher and delivery times increasingly longer. We expect this to continue into 2026 but know that the unique strength and closeness of our customer relationships will help us to manage and overcome these challenges.
As the business scales we will continue growing our team. Although we have managed to successfully recruit to date, we acknowledge risks in connection with latent acquisition and retention.
We are pleased to report that the company continues to be on a strong trajectory toward sustained growth and long-term profitability. Our performance this period reflects not only operational resilience but also strategic investments that are beginning to yield significant returns and improving profitability.
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EXACTA TECHNOLOGIES LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
We are experiencing consistent revenue growth, supported by strong client retention, expanding customer contracts and a healthy pipeline of new business opportunities. Our recent product enhancements and expansion into new markets are expected to drive continued top-line acceleration. Forecasts indicate a significant increase in revenue over the next 12 months, underpinned by scalable, recurring income streams.
Our focus on high-value service delivery and tech-enabled automation is expected to further improve our cost base, increasing net profitability while maintaining agility in our service offerings.
The Company maintains a healthy cash position with strong cash flow from operations. We continue to manage working capital effectively and remain well-capitalised to support strategic initiatives, innovation, and team growth.
Looking ahead, we are exceptionally well-positioned in our sector. With a strong team, innovative technology and a growing market presence, we anticipate accelerated growth and further strengthening of our financial position. Our forward-looking indicators, including contracted revenue, product development timelines and client engagement metrics, all point toward a highly buoyant and prosperous future. Again our unique closeness to our long-term customers places us in an exceptional position to manage the volatility that we believe will continue throughout 2026 and beyond.
This report was approved by the board and signed on its behalf.
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EXACTA TECHNOLOGIES LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
The profit for the year, after taxation, amounted to £483,367 (2024: £674,901).
During the year the company paid dividends of £350,000 (2024:Nil).
The directors who served during the year were:
On 28 January 2025, as part of the Group reconstruction the company became a direct subsidiary of Exacta Technologies Group Ltd via a share for share exchange.
On 1 April 2025, part of the company's trading operations ceased to occur in Exacta Technologies Limited and from that point on occurred in a fellow subsidiary company, Blackcore Technologies Ltd. No assets or liabilities were transferred between subsidiaries as part of this transaction.
On 1 April 2025, part of the company's trading operations ceased to occur in Exacta Technologies Limited and from that point on occurred in a fellow subsidiary company, Blackcore Technologies Ltd. No assets or liabilities were transferred between subsidiaries as part of this transaction.
The Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 requires a Strategic Report to be prepared. Where mandatory disclosures in the Directors' Report are considered by the Directors to be of strategic importance, these are addressed in the Strategic Report.
The auditors, Bishop Fleming Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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EXACTA TECHNOLOGIES LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors are responsible for preparing the Strategic report, the Directors' report 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the Company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙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 to 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.
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EXACTA TECHNOLOGIES LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF EXACTA TECHNOLOGIES LIMITED
We have audited the financial statements of Exacta Technologies Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity and the related notes, 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 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.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.
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EXACTA TECHNOLOGIES LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF EXACTA TECHNOLOGIES LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
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 Directors' report.
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EXACTA TECHNOLOGIES LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF EXACTA TECHNOLOGIES LIMITED (CONTINUED)
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 an Auditors' report 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we have considered the following:
∙The nature of the industry and sector, control environment and business performance;
∙Results of our enquiries of management and directors in relation to their own identification and assessment of the risks of irregularities within the company;
∙Any matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to:
°Identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;
°Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
°The internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and
∙We have considered the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and potential indicators of fraud.
As a result of these procedures, we have considered the opportunities and incentives that may exist within the organisation for fraud and identified the areas of high risk to be in relation to revenue recognition. In common with all audits under ISAs (UK) we are also required to perform specific procedures to respond to the risk of management override.
We have also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures within the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, Financial Reporting Standard 102 and UK tax legislation.
In addition we considered the provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental for the Company's ability to operate or avoid a material penalty. These included employment law.
Our audit procedures performed to respond to the risks identified included, but were not limited to:
∙Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
∙Enquiring of management in relation to actual and potential claims or litigation;
∙Performing analytical procedures to identify unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
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EXACTA TECHNOLOGIES LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF EXACTA TECHNOLOGIES LIMITED (CONTINUED)
∙Performing various substantive tests of detail related to the recognition of revenue; and
∙In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in accounting estimates are indicative of potential bias; and evaluating the business rationale of significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team
members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout
the audit.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the revised financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
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 Auditors' 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 an Auditors' report 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.
for and on behalf of
Chartered Accountants
Statutory Auditors
10 Temple Back
BS1 6FL
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EXACTA TECHNOLOGIES LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
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EXACTA TECHNOLOGIES LIMITED
REGISTERED NUMBER:04166214
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 12 to 26 form part of these financial statements.
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EXACTA TECHNOLOGIES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
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EXACTA TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Exacta Technologies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04166214. The registered office is 3 Vertex Park South, Emersons Green, Bristol, BS16 7LB.
2.ACCOUNTING POLICIES
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.
On 28 January 2025, as part of the Group reconstruction the company became a direct subsidiary of Exacta Technologies Group Ltd via a share for share exchange.
On 1 April 2025, part of the company's trading operations ceased to occur in Exacta Technologies Limited and from that point on occurred in a fellow subsidiary company, Blackcore Technologies Ltd. No assets or liabilities were transferred between subsidiaries as part of this transaction.
On 1 April 2025, part of the company's trading operations ceased to occur in Exacta Technologies Limited and from that point on occurred in a fellow subsidiary company, Blackcore Technologies Ltd. No assets or liabilities were transferred between subsidiaries as part of this transaction.
The following principal accounting policies have been applied:
The Directors have prepared trading and cash flow forecasts for the 12-month period from the date of approval of these financial statements. These forecasts show that the company has sufficient financial resources to meet its obligations as they fall due for the period of at least 12 months from the date of approval of these financial statements.
Functional and presentation currency
Transactions and balances
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EXACTA TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
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EXACTA TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
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EXACTA TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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EXACTA TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
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 the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially
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EXACTA TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
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EXACTA TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Analysis of turnover by country of destination:
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EXACTA TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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EXACTA TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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EXACTA TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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EXACTA TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
12.TANGIBLE FIXED ASSETS (CONTINUED)
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EXACTA TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Bank loans are secured by way of a debenture over the assets of the company in favour of Natwest Bank plc.
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EXACTA TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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EXACTA TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Capital redemption reserve
Profit and loss account
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. During the year the charge to profit or loss in respect of defined contribution schemes was £55,917 (2024: £63,012). At the balance sheet date contributions of £Nil (2024: £Nil) were due to the fund and are included in creditors.
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EXACTA TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
From 28 January 2025, the immediate and ultimate parent entity became Exacta Technologies Group Ltd. The ultimate controlling party remains as Mr Nicholas Rogers.
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