REGISTERED NUMBER: 05439023 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SAGGEZZA LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

DIRECTORS:

S Chakravarthi

V Venkatesh

REGISTERED OFFICE:

10 John Street

London

WC1N 2EB

REGISTERED NUMBER:

05439023 (England and Wales)

AUDITORS:

Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

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

Company's Business

Saggezza is a Digital Technology Services and Platform Solutions Company that provides solutions in the areas of Digital Experience, Digital Engineering and Data Solutions.

Business Performance:

The company monitors its performance using key performance indicators:

a) Revenue

Saggezza had revenue of £14,050,773 for the year 2025 compared to £12,624,004 for the year 2024 with revenue increase of 11%.

b) Gross Profit Margin

The gross margin of the business for 2025 is 35% compared to 37% in 2024.

c) EBITDA margin

The EBITDA margin has decreased from 46% in 2024 to 15% in 2025.

The key performance indicators are monitored through monthly management accounts and these are reviewed in comparison to prior periods and budgets. Any adverse trends are identified at an early stage and investigated.

Overall operating profit is £1,850,709 in 2025 compared to an operating profit of £5,662,837 in 2024.

The 2024 results included a one-off exceptional credit of £3,604,180 in respect of intercompany loans written off (note 6). Excluding this item, operating profit for 2024 would have been £2,058,657. The reduction in operating profit and EBITDA margin in 2025 therefore largely reflects this non-recurring item.

Principal risks and uncertainties

Currently, the global economic climate is unpredictable. A volatile economic environment will have an impact on the company's revenue, profits and cashflows. However, the company is closely watching the developments, both opportunities and risks including the competition, technology trends and the market needs. The company has been keenly focusing on market developments to tap potential opportunities and to expand its footprint in other EU countries.

ON BEHALF OF THE BOARD:

V Venkatesh - Director

8 October 2026

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

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2025.

DIRECTORS

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

S Chakravarthi

V Venkatesh

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;

-	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, Oury Clark Chartered Accountants, are deemed to be re-appointed under Section 487 (2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

V Venkatesh - Director

8 October 2026

Opinion

We have audited the financial statements of Saggezza Limited (the 'company') for the year ended 31 December 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, 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 and one day 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 inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be misstated. If we identify such inconsistencies or apparent 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 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 any matters in the Strategic Report or the Report of the Directors that are inconsistent with our overall view of the financial statements.

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 three, 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.

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:

Identifying and assessing potential irregularities, including fraud

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- Considering the nature of the industry, sector, control environment and current business activities, including possible performance targets and subsequent remuneration.

- Enquiring of management concerning policies and procedures relating to complying with laws and regulations and whether there were any instances of non-compliance.

- Enquiring of management concerning policies and procedures relating to mitigating, detecting and responding to fraud risk and whether there has been any actual or possible instances of fraud.

Discussing within the engagement team regarding how and where fraud may occur in the financial statements along with the possible indicators of fraud. We identified the following areas most likely to be susceptible to fraud:

1. Revenue recognition;

2. Management override.

Discussing within the engagement team the legal and regulatory framework in which the company operates and in particular those which would have an impact on the financial statements. The key laws and regulations considered were the Companies Act 2006, UK tax legislation and UK employment law.

Audit response to the risks identified

As noted above, we identified revenue recognition and management override as matters that would most likely be susceptible to fraud. Our procedures to respond to these risks included the following:

- Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- Performing a sales test of detail to ensure revenue is recognised correctly;

- Reviewing the nominal ledger and journals posted during the year to ensure there is no evidence of management override.

Further, we also identified compliance with the Companies Act 2006, UK tax legislation and UK employment law as being key areas where there may be possible non-compliance. Our procedures to respond to these risks included the following:

- Review the financial statement disclosures and testing to supporting documentation to assess compliance with the Companies Act 2006;

- Review the corporation tax return to ensure it complies with UK tax legislation and completion of our detailed corporation tax checklist;

- A safeguard review of the financial statements by a qualified accountant independent of the audit team;

- A safeguard review of the corporation tax computation by a person qualified as a Chartered Tax Advisor independent of the audit team;

- We have checked a sample of compliance with right work checks and reviewed legal fees for indications of material issues arising out of non-compliance with employment law.

The above matters and identified laws and regulations and potential fraud risks were communicated to all engagement team members in order to enable the team to have the ability to identify such risks. The whole team remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in the audit procedures described above and the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.

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.

Amy Enslin (Senior Statutory Auditor)

for and on behalf of Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

9 October 2026

TURNOVER

3

14,050,773

12,624,004

Cost of sales

9,093,460

7,946,858

GROSS PROFIT

4,957,313

4,677,146

Administrative expenses

3,106,604

(985,691

)

OPERATING PROFIT

5

1,850,709

5,662,837

Interest receivable and similar income

21,494

1

PROFIT BEFORE TAXATION

1,872,203

5,662,838

Tax on profit

7

550,128

646,168

PROFIT FOR THE FINANCIAL YEAR

1,322,075

5,016,670

PROFIT FOR THE YEAR

1,322,075

5,016,670

OTHER COMPREHENSIVE INCOME

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,322,075

5,016,670

FIXED ASSETS

Intangible assets

8

192,328

384,657

Tangible assets

9

321,326

373,077

513,654

757,734

CURRENT ASSETS

Debtors

10

9,276,483

9,144,393

Cash at bank

2,558,496

2,131,212

11,834,979

11,275,605

CREDITORS

Amounts falling due within one year

11

2,499,573

3,506,354

NET CURRENT ASSETS

9,335,406

7,769,251

TOTAL ASSETS LESS CURRENT LIABILITIES

9,849,060

8,526,985

PROVISIONS FOR LIABILITIES

13

43,965

43,965

NET ASSETS

9,805,095

8,483,020

CAPITAL AND RESERVES

Called up share capital

14

1,000

1,000

Capital contribution reserve

15

10,505

10,505

Retained earnings

15

9,793,590

8,471,515

SHAREHOLDERS' FUNDS

9,805,095

8,483,020

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2026 and were signed on its behalf by:

V Venkatesh - Director

Called up

Capital

share

Retained

contribution

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2024

1,000

3,454,845

4,273

3,460,118

Changes in equity

Total comprehensive income

-

5,016,670

6,232

5,022,902

Balance at 31 December 2024

1,000

8,471,515

10,505

8,483,020

Changes in equity

Total comprehensive income

-

1,322,075

-

1,322,075

Balance at 31 December 2025

1,000

9,793,590

10,505

9,805,095

Cash flows from operating activities

Cash generated from operations

1

2,479,488

2,751,736

Tax (paid) / refund

(1,450,616

)

114,566

Net cash from operating activities

1,028,872

2,866,302

Cash flows from investing activities

Purchase of intangible fixed assets

-

(512,876

)

Cash from acquisition of Infostrech UK

-

906,080

Interest received

21,494

1

Net cash from investing activities

21,494

393,205

Cash flows from financing activities

Intra-group funding movements

(623,082

)

(1,786,419

)

Net cash from financing activities

(623,082

)

(1,786,419

)

Increase in cash and cash equivalents

427,284

1,473,088

Cash and cash equivalents at beginning of year

2

2,131,212

658,124

Cash and cash equivalents at end of year

2

2,558,496

2,131,212

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

31.12.25

31.12.24

£

£

Profit before taxation

1,872,203

5,662,838

Depreciation charges

244,080

192,564

Loss on disposal of fixed assets

-

9,323

Foreign exchange difference

-

(31,433

)

Share options charge

-

6,232

Intercompany loans written off

-

(3,604,180

)

Government grant income

-

(24,752

)

Finance income

(21,494

)

(1

)

2,094,789

2,210,591

Decrease/(increase) in trade and other debtors

648,812

(891,298

)

(Decrease)/increase in trade and other creditors

(264,113

)

1,432,443

Cash generated from operations

2,479,488

2,751,736

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

2,558,496

2,131,212

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

2,131,212

658,124

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank

2,131,212

427,284

2,558,496

2,131,212

427,284

2,558,496

Total

2,131,212

427,284

2,558,496

1.	STATUTORY INFORMATION

Saggezza Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address can be found on the Company Information page.

The company's trading address is: The Beam, Plater Way, Sunderland, UK, SR1 3AD.

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.

The company has obtained a letter of support from its ultimate parent company, Apexon Holdings, Inc.. The director of Apexon Holdings, Inc. has provided a commitment to provide any financial support which may be necessary in order that the company can meet its liabilities, as they fall due, for at least twelve months and one day from the signing of the audit report. As a result of this commitment the directors have continued to adopt the going concern basis in preparing these financial statements.

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.

Critical accounting judgements and key sources of estimation uncertainty

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below. The Company based its assumptions and estimates on parameters available when the financial statements were prepared. Existing circumstances and assumptions about future developments, however, may change due to market changes or circumstances arising that are beyond the control of the Company. Such changes are reflected in the assumptions when they occur.

Amortisation of goodwill

There is goodwill included in the financial statements. There is a key judgement in not impairing the value of this asset in the financial statements and the rate over which the asset is amortised. This judgement is based on the expectation that the asset will continue to have value in use.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the outcome of a transaction can be estimated reliably by reference to the stage of completion of the project at the end of the reporting period. The outcome of a transaction can be estimated reliably when all the following conditions are met:

(a) The amount of the transaction can be measured reliably;

(b) It is probable that the economic benefits associated with the transaction will flow to the entity;

(c) The stage of completion of the project at the end of the reporting period can be measured reliably; and

(d) The costs incurred for the transaction and the costs to complete the transaction can be measured reliably based on the following:

- Statement of Work (SOW) is signed by both the parties stating the period and work to be done within that period and the billing and payment terms of the respective project;

- The invoices raised are based on either Time & Material basis or Fixed Bid.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of three years.

Impairment on goodwill will not be measured annually but only when the directors identify any indicators for impairment.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are recognised at cost and subsequently stated at cost less accumulated depreciation and impairment.

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

Computer equipment - 33% on reducing balance

Financial instruments

Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS102.

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.

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.

Share based payments

The company accounts for share options granted, modified or settled using the fair value method calculated using the Black-Scholes option pricing model that takes into account the exercise price, the term of the option, the impact of dilution, the share price at grant date and expected price volatility of the underlying share, the expected dividend yield and the risk free interest rate for the term of the option, together with non-vesting conditions that do not determine whether the Group received the services that entitle the employees to receive payment. No account is taken of any other vesting conditions.

For options granted to directors and employees, the compensation cost is measured at fair value at the date of grant and is recognised in the profit or loss with a corresponding increase in equity over the vesting period, The amount recognised in the profit or loss is the cumulative amount calculated at each reporting date less amounts already recognised in previous period.

The share based payment expense is recognised on the basis of a reasonable allocation of the group expense.

Cash flow

The cash flow statement is prepared on the indirect basis.

Government grants

Government grants are recognised on a receivable basis. Grant income is recognised when there is:

-entitlement to the grant

-virtual certainty that it will be received

-sufficient measurability of the amount.

Grant income is included within turnover in the profit and loss account.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

31.12.25

31.12.24

£

£

Consulting services

13,202,291

11,551,480

Intercompany

813,081

1,047,772

Grant revenue

35,401

24,752

14,050,773

12,624,004

4.	EMPLOYEES AND DIRECTORS

31.12.25

31.12.24

£

£

Wages and salaries

8,469,147

7,359,786

Social security costs

1,012,383

877,282

Other pension costs

178,335

141,349

9,659,865

8,378,417

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

31.12.25

31.12.24

Sales

6

6

Cost of sales

106

91

Administration

7

7

119

104

31.12.25

31.12.24

£

£

Directors' remuneration

-

-

5.	OPERATING PROFIT

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

31.12.25

31.12.24

£

£

Other operating leases

128,675

124,056

Depreciation - owned assets

51,751

64,346

Loss on disposal of fixed assets

-

9,323

Goodwill amortisation

192,329

128,219

Auditors' remuneration

28,900

36,400

Foreign exchange differences

(844

)

(31,433

)

6.	EXCEPTIONAL ITEMS

31.12.25

31.12.24

£

£

Intercompany loans written off

-

3,604,180

7.

TAXATION

Analysis of the tax charge

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

31.12.25

31.12.24

£

£

Current tax:

UK corporation tax

550,128

618,293

Deferred tax

-

27,875

Tax on profit

550,128

646,168

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

£

£

Profit before tax

1,872,203

5,662,838

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

468,051

1,415,710

Effects of:

Expenses not deductible for tax purposes

26,056

57,026

Income not taxable for tax purposes

-

(901,045

)

Depreciation in excess of capital allowances

61,904

48,141

Unpaid pension movement

305

760

Share based payment charge

-

1,558

Government grant income

(6,188

)

(6,188

)

Loss on disposal of assets

-

2,331

Movement in deferred tax

-

27,875

Total tax charge

550,128

646,168

Tax effects relating to effects of other comprehensive income

31.12.24

Gross

Tax

Net

£

£

£

Profit & loss account

Other reserves

-

-

-

8.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

512,876

AMORTISATION

At 1 January 2025

128,219

Amortisation for year

192,329

At 31 December 2025

320,548

NET BOOK VALUE

At 31 December 2025

192,328

At 31 December 2024

384,657