Aegiq Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12359822

Aegiq Ltd

Filleted Unaudited Financial Statements

28 February 2026

Aegiq Ltd

Financial Statements

Year ended 28 February 2026

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Aegiq Ltd

Statement of Financial Position

28 February 2026

	2026	2025
		(restated)
Note	£	£

Fixed assets

Intangible assets	6	4,056,397	3,496,467
Tangible assets	7	1,867,653	1,295,102
Investments	8	22,321	22,321
		------------	------------
		5,946,371	4,813,890

Current assets

Debtors	9	986,126	742,072
Cash at bank and in hand		2,380,393	4,644,233
		------------	------------
		3,366,519	5,386,305

Creditors: amounts falling due within one year	10	508,846	270,253
		------------	------------
Net current assets		2,857,673	5,116,052
		------------	------------
Total assets less current liabilities		8,804,044	9,929,942

Creditors: amounts falling due after more than one year	11	38,115	99,430
		------------	------------
Net assets		8,765,929	9,830,512
		------------	------------

Capital and reserves

Called up share capital	195	195
Share premium account	8,242,416	8,242,416
Profit and loss account	523,318	1,587,901
	------------	------------
Shareholders funds	8,765,929	9,830,512
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 28 February 2026 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Aegiq Ltd

Statement of Financial Position (continued)

28 February 2026

These financial statements were approved by the board of directors and authorised for issue on 21 October 2026 , and are signed on behalf of the board by:

Dr S Dufferwiel

Director

Company registration number: 12359822

Aegiq Ltd

Notes to the Financial Statements

Year ended 28 February 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cooper Buildings, Arundel Street, Sheffield, S1 2NS, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Prior year amendment

During the year, the Company identified two adjustments relating to the prior-year financial statements. In the prior year, R&D costs were capitalised and amortised as incurred, rather than at the point at which they met the capitalisation criteria under paragraph 18.8H of FRS102. This amendment resulted in a reduction in the prior-year amortisation charge of £1,019,621. The second adjustment relates to R&D service costs that had not been accrued for in the prior year. An adjustment of £124,983 has therefore been recognised to reflect these costs.

As a result of these amendments, intangible fixed assets increased by £1,019,621 and retained earnings increased by £894,638 as at 28 February 2025. Comparative figures have been restated accordingly.

4. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

These accounts have been prepared on a going concern basis. The directors are satisfied that the company will continue to meet its current obligations for at least the next 12 months.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of services is recognised when the significant risks and rewards of ownership has transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Development costs	-	33% Straight Line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	20% straight line
R&D Equipment	-	15% Reducing Balance
Equipment	-	25% Reducing Balance / 20% Straight Line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 24 (2025: 19 ).

6. Intangible assets

	Development costs
	£
Cost
At 1 March 2025 (as restated)	4,269,819
Additions	–
Additions from internal developments	1,982,025
	------------
At 28 February 2026	6,251,844
	------------
Amortisation
At 1 March 2025	773,352
Charge for the year	1,422,095
	------------
At 28 February 2026	2,195,447
	------------
Carrying amount
At 28 February 2026	4,056,397
	------------
At 28 February 2025	3,496,467
	------------

7. Tangible assets

	Long leasehold property	R&D Equipment	Equipment	Total
	£	£	£	£
Cost
At 1 March 2025 (as restated)	–	1,472,856	29,576	1,502,432
Additions	381,603	429,283	12,016	822,902
	---------	------------	--------	------------
At 28 February 2026	381,603	1,902,139	41,592	2,325,334
	---------	------------	--------	------------
Depreciation
At 1 March 2025	–	195,216	12,114	207,330
Charge for the year	3,169	241,140	6,042	250,351
	---------	------------	--------	------------
At 28 February 2026	3,169	436,356	18,156	457,681
	---------	------------	--------	------------
Carrying amount
At 28 February 2026	378,434	1,465,783	23,436	1,867,653
	---------	------------	--------	------------
At 28 February 2025	–	1,277,640	17,462	1,295,102
	---------	------------	--------	------------

8. Investments

	Other investments other than loans
	£
Cost
At 1 March 2025 as restated and 28 February 2026	22,321
	--------
Impairment
At 1 March 2025 as restated and 28 February 2026	–
	--------

Carrying amount
At 28 February 2026	22,321
	--------
At 28 February 2025	22,321
	--------

9. Debtors

	2026	2025
		(restated)
	£	£
Trade debtors	75,942	–
Other debtors	910,184	742,072
	---------	---------
	986,126	742,072
	---------	---------

10. Creditors: amounts falling due within one year

	2026	2025
		(restated)
	£	£
Bank loans and overdrafts	61,307	61,307
Trade creditors	296,216	23,659
Social security and other taxes	69,885	50,304
Other creditors	81,438	134,983
	---------	---------
	508,846	270,253
	---------	---------

At the balance sheet date, HSBC Innovation Banking held a fixed charge over the assets of the company.

11. Creditors: amounts falling due after more than one year

	2026	2025
		(restated)
	£	£
Bank loans and overdrafts	38,115	99,430
	--------	--------

12. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
		(restated)
	£	£
Not later than 1 year	73,200	25,522
Later than 1 year and not later than 5 years	219,600	–
	---------	--------
	292,800	25,522
	---------	--------