Registration number: 05312996

Assuria Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 9

Assuria Limited

(Registration number: 05312996)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	265	360
Investments	5	100	100
		365	460
Current assets
Debtors	6	308,245	220,675
Cash at bank and in hand		20,159	3,599
		328,404	224,274
Creditors: Amounts falling due within one year	7	(545,666)	(302,700)
Net current liabilities		(217,262)	(78,426)
Total assets less current liabilities		(216,897)	(77,966)
Creditors: Amounts falling due after more than one year	7	(132,078)	(198,275)
Net liabilities		(348,975)	(276,241)
Capital and reserves
Called up share capital	8	270	270
Share premium reserve		1,090,930	1,090,930
Retained earnings		(1,440,175)	(1,367,441)
Shareholders' deficit		(348,975)	(276,241)

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 October 2026 and signed on its behalf by:
 

......................................... T P Pudwell Director

Assuria Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
C/O Carbon Accountancy Limited
Reading Enterprise Centre
University of Reading - Earley Gate
Whiteknights Road
Reading
RG6 6BU

These financial statements were authorised for issue by the Board on 1 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Whilst the current trading environment continues to be difficult, the directors, staff and LAC Co. Ltd, Japan, have provided financial support to the company which will allow it to continue to grow and develop its products further and to continue investing in research and development activity. On this basis, notwithstanding the trading loss for the year under review, the directors consider it appropriate to prepare these financial statements on a going concern basis.

Revenue recognition

The company's turnover is disclosed net of Value Added Tax and derives from:

- computer software licences and related maintenance agreements, and
- research projects undertaken on behalf of clients.

Income from traditional computer software licences is recognised at the time of sale. Income from maintenance agreements is initially taken to a deferred income account and released to the profit and loss account evenly over the term of the agreement. Where customers take advantage of newer monthly or annual subscription licences, which offer the right to use the software, support and upgrades during the subscription period, income is recognised evenly on a monthly basis during the subscription period. Income from research projects is matched against the related costs as they are incurred.

Assuria Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

2	Accounting policies (continued)

Foreign currency transactions and balances

These accounts are presented in Sterling which the company considers to be its functional currency. All other currencies are foreign currencies.

Transactions in foreign currencies are initially measured at the spot exchange rate on the date of the transaction. At the year end monetary assets and liabilities are retranslated at the year end exchange rate.

Exchange differences arising on translation and settlement of monetary assets and liabilities are recognised in the profit and loss account.

Tax

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 taxable income.

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider it is probable there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

Tangible assets

Tangible assets are stated at cost, less accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% per annum of cost

Development costs

Expenditure on research and development is written off in the year in which it is incurred.

Investments

Investments in unlisted securities are initially measured at cost (including transaction costs) and are subsequently measured at cost less impairment.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors 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 trade debtors 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.

Assuria Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

2	Accounting policies (continued)

Trade creditors

Trade creditors 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

The company contributes to defined contribution pension schemes on behalf of its staff. Contributions to defined contribution plans are expensed to the profit and loss account when they are due.

Financial instruments

Classification
Financial instruments are classified on initial recognition as either basic or more complex under sections 11 and 12 of FRS 102. To date, the company has only entered into transactions involving basic financial instruments.
 Recognition and measurement
Investments in unlisted entities are initially measured at cost (including transaction costs) and are subsequently measured at cost less impairment.

Basic financial liabilities are initially recognised at the proceeds of the loan, less separately incurred transaction costs. Subsequently, loans received are measured at amortised cost using the effective interest method.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 15).

Assuria Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2025	82,819	82,819
Additions	217	217
Disposals	(28,700)	(28,700)
At 31 December 2025	54,336	54,336
Depreciation
At 1 January 2025	82,459	82,459
Charge for the year	312	312
Eliminated on disposal	(28,700)	(28,700)
At 31 December 2025	54,071	54,071
Carrying amount
At 31 December 2025	265	265
At 31 December 2024	360	360

5	Investments

	2025 £	2024 £
Investments in subsidiaries	100	100