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Registered number: 10757752
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FOR THE YEAR ENDED
31 DECEMBER 2025
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COMPANY INFORMATION
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M C Charpentier (appointed 1 May 2025)
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CONTENTS
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Statement of financial position
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Notes to the financial statements
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EAS TECHNOLOGIES LIMITED
REGISTERED NUMBER:10757752
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STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Provisions for liabilities
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EAS TECHNOLOGIES LIMITED
REGISTERED NUMBER:10757752
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STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2025
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 12 form part of these financial statements.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
EAS Technologies Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office can both be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£) which is the functional currency of the company.
These financial statements are rounded to the nearest £1.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
These financial statements have been prepared on the going concern basis. The directors have reviewed the Company’s going concern position. Although the period ended with net current liabilities of £1,839,869, the company held cash at the year end of £231,553 and achieved year on year growth in revenues. The directors have considered the performance against budget and taken into account other factors likely to affect its future development, objectives, policies and processes for managing its working capital, its financial risk management objectives and its exposure to credit and liquidity risks. Management have performed scenario planning and stress testing on the basis of funds available consider the company to be a going concern.
Subsequent to the year end, the Company’s ultimate parent undertaking, EAS Technologies Holdings Limited, completed a further investment round with Gresham House, raising approximately £4.5m of additional funding. The directors have taken the additional funding and revised Group funding arrangements into account in assessing the Company’s future cash flows and its ability to meet its liabilities as they fall due.
Based upon the above, the directors have a reasonable expectation that the Company has the ability to continue in operation and meet its liabilities as they fall due for the foreseeable future being at least 12 months from the date of signing of these financial statements and considers it appropriate to adopt a going concern basis of preparation.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Revenue is measured at the fair value of the consideration received or receivable, net of discounts, VAT, and other sales-related taxes.
Revenue is measured based on the consideration specified in a contract with a customer.
Further details on revenue recognition are detailed by revenue stream below:
Licence and hosting fees: EAS Technologies Limited grants to the Customer a non-exclusive, non-transferrable right to use the Accredit platform. When the right is transferred, the company recognised the revenue over the term of the service contract. For example, if the software is provided on a subscription basis, the revenue is recognised on a straight-line basis over the contract period.
Accreditations fees: the company invoice quarterly some of their clients for any overage of accreditation based on their allowance in their contract. Revenue is recognised when the usage occurs.
Hardware and materials: Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer.
Development and set up fees: In situations where the software require development work or customisation to a customer’s specific requirements (e.g., bespoke software), revenue recognition depends on the stage of completion or contract milestones, and could follow the percentage-of-completion method if there are reliable estimates of progress.
Consultancy: Consultancy services generally involve providing professional expertise or services for a specific engagement. The revenue recognition for consultancy services depends on the nature of the contract and whether the service is completed over time or at a specific point in time. Where projects are medium to long term, revenue is recognised based on the achievement of milestones laid out in the agreement. Where projects are for short periods, revenue may be recognised only at completion of the project. In certain arrangements where services are provided evenly over the duration of the contract, revenue may be recognised on a straight-line basis over the term of the engagement, reflecting the consistent transfer of services to the customer.
Deferred Income
Where consideration is received in advance of the provision of goods or services, the amount is recorded as deferred income and is recognised as revenue when the related goods or services are provided.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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Provisions for liabilities
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Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Increases in provisions are generally charged as an expense to profit or loss.
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During the year, the Company obtained the following services from the Company's auditor:
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Fees payable to the Company's auditor for the audit of the Company's financial statements
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Fees payable to the Company's auditor for the provision of non-audit services
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The average monthly number of employees, including directors, during the year was 29 (2024 -24).
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Company contributions to defined contribution pension schemes
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Charge for the year on owned assets
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Charge for the year on owned assets
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Investments in subsidiary companies
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Amounts owed by group undertakings
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Amounts owed to group undertakings
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Accruals and deferred income
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Charged to profit or loss
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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The company has various land and buildings under non-cancellable lease agreements. The future aggregate payments under non-cancellable commitments for these are as follows:
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Between two to five years
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Allotted, called up and fully paid
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129,220 (2024 - 129,220) Ordinary shares of £0.01 each
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250,000 (2024 - 250,000) A Ordinary shares of £1.00 each
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The company operates a defined contribution pension scheme for the benefit of its employees. The assets of the scheme are held separately from those of the company in an independently administered fund.
Contributions due to the scheme at the balance sheet date amounted to £Nil (2024 - £147)
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Related party transactions
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The company has taken advantage of the available exemption conferred by Section 33.1A of FRS 102 not to disclose transactions with wholly owned members of the mutual group.
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Post balance sheet events
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Subsequent to the year end, the Company’s ultimate parent undertaking, EAS Technologies Holdings Limited, completed a further investment round with Gresham House, raising approximately £4.5m of additional funding.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The immediate controlling party is EAS Technologies Bidco Limited, company registered in England with its registered office located Unit 1, Walton Lodge, 374 Coldharbour Ln, London SW9 8PL.
The ultimate parent company is EAS Technologies Holdings Limited company registered in England with its registered office located Unit 1, Walton Lodge, 374 Coldharbour Ln, London SW9 8PL.
The smallest and largest group into which the results of this company are consolidated is EAS Technologies Holdings Limited. The consolidated financial statements can be obtained from Companies House.
The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified.
The audit report was signed on 21 September 2026 by Andrew Galliers FCA (Senior statutory auditor) on behalf of Menzies LLP.
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