REGISTERED NUMBER: 05788582 (England and Wales)

Financial Statements

for the Period

1 November 2024 to 31 December 2025

for

Conference Technologies UK Limited

Previously known as

Candeo Vision (UK)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J E Laughlin

E R Moores

D Pitt

REGISTERED OFFICE:

2 Swanton Close

Retford

Nottinghamshire

DN22 7AR

REGISTERED NUMBER:

05788582 (England and Wales)

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

Chancery Court

34 West Street

Retford

Nottinghamshire

DN22 6ES

FIXED ASSETS

Tangible assets

4

78,922

106,748

CURRENT ASSETS

Stocks

83,036

325,888

Debtors

5

1,148,163

550,945

Cash at bank and in hand

339,868

1,415,099

1,571,067

2,291,932

CREDITORS

Amounts falling due within one year

6

1,282,679

1,146,101

NET CURRENT ASSETS

288,388

1,145,831

TOTAL ASSETS LESS CURRENT LIABILITIES

367,310

1,252,579

CREDITORS

Amounts falling due after more than one year

7

-

(74,903

)

PROVISIONS FOR LIABILITIES

-

(26,687

)

NET ASSETS

367,310

1,150,989

CAPITAL AND RESERVES

Called up share capital

10

200

200

Retained earnings

367,110

1,150,789

SHAREHOLDERS' FUNDS

367,310

1,150,989

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 24 September 2026 and were signed on its behalf by:

J E Laughlin - Director

1.	STATUTORY INFORMATION

Conference Technologies UK 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 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.

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

-

25% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed asset and variable overheads. Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation

Taxation for the period 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 period 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.

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 period was 35 (2024 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 November 2024

60,664

181

14,534

Additions

-

-

2,494

At 31 December 2025

60,664

181

17,028

DEPRECIATION

At 1 November 2024

56,651

172

9,489

Charge for period

1,171

2

945

At 31 December 2025

57,822

174

10,434

NET BOOK VALUE

At 31 December 2025

2,842

7

6,594

At 31 October 2024

4,013

9

5,045

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2024

137,161

24,804

237,344

Additions

-

-

2,494

At 31 December 2025

137,161

24,804

239,838

DEPRECIATION

At 1 November 2024

41,951

22,333

130,596

Charge for period

27,770

432

30,320

At 31 December 2025

69,721

22,765

160,916

NET BOOK VALUE

At 31 December 2025

67,440

2,039

78,922

At 31 October 2024

95,210

2,471

106,748

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

908,090

528,472

Other debtors

240,073

22,473

1,148,163

550,945

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

75,234

19,714

Trade creditors

855,260

653,031

Taxation and social security

129,685

378,783

Other creditors

222,500

94,573

1,282,679

1,146,101

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

-

74,903

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

75,234

19,714

Between one and five years

-

74,903

75,234

94,617

Non-cancellable

operating leases

2025

2024

£

£

Within one year

154,933

77,381

Between one and five years

227,294

28,947

382,227

106,328

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

75,234

94,617

Debts are secured against the assets they are related to.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

200

Ordinary

£1

200

200

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

The Report of the Auditors was unqualified.

Matthew Chadwick BA (Hons) FCA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

12.	ULTIMATE CONTROLLING PARTY

The company is a subsidiary undertaking of Conference Technologies Inc which is incorporated in the US.