REGISTERED NUMBER: 04940332 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th April 2026

for

liGo Electronics Limited

Page

Company Information

1

Report of the Accountants

2

Statement of Financial Position

3

Notes to the Financial Statements

4

DIRECTORS:

Mrs M L Brophy

Mr D J Brophy

REGISTERED OFFICE:

Suite B, 8th Floor West One

Forth Banks

Newcastle Upon Tyne

Tyne and Wear

NE1 3PA

REGISTERED NUMBER:

04940332 (England and Wales)

ACCOUNTANTS:

McLaughlin Crolla LLP

77/2 Hanover Street

Edinburgh

EH2 1EE

The following reproduces the text of the report prepared for the directors in respect of the Company's annual unaudited financial statements. In accordance with the Companies Act 2006, the Company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30th April 2026 set out on pages four to nine and you consider that the Company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

McLaughlin Crolla LLP

77/2 Hanover Street

Edinburgh

EH2 1EE

29th October 2026

FIXED ASSETS

Tangible assets

4

63,167

74,801

CURRENT ASSETS

Stocks

2,047,299

1,592,437

Debtors

5

1,353,305

1,296,751

Cash at bank

1,208,221

1,049,383

4,608,825

3,938,571

CREDITORS

Amounts falling due within one year

6

3,036,906

2,629,707

NET CURRENT ASSETS

1,571,919

1,308,864

TOTAL ASSETS LESS CURRENT LIABILITIES

1,635,086

1,383,665

CAPITAL AND RESERVES

Called up share capital

135

135

Retained earnings

1,634,951

1,383,530

SHAREHOLDERS' FUNDS

1,635,086

1,383,665

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2026.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th April 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

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 29th October 2026 and were signed on its behalf by:

Mr D J Brophy - Director

1.	STATUTORY INFORMATION

liGo Electronics 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the Company has transferred the significant risks and rewards of ownership to the buyer;

- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor

effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

25% on cost and 20% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost and 2% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 non-puttable ordinary shares.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are changed to the provision carried in the Statement of Financial Position.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2025 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1st May 2025

358,670

Additions

3,218

At 30th April 2026

361,888

Depreciation

At 1st May 2025

283,869

Charge for year

14,852

At 30th April 2026

298,721

Net book value

At 30th April 2026

63,167

At 30th April 2025

74,801

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

371,087

712,689

Amounts owed by group undertakings

539,850

362,001

Other debtors

362,737

148,905

VAT

47,826

16,093

Deferred tax asset

3,565

3,565

Prepayments and accrued income

28,240

53,498

1,353,305

1,296,751

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 7)

-

57,292

Trade creditors

2,844,691

2,366,078

Tax

138,651

155,283

Social security and other taxes

6,321

11,356

Other creditors

14,243

21,198

Accruals and deferred income

33,000

18,500

3,036,906

2,629,707

7.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank loans

-

57,292

In the year ended April 2021, the company received a Business Bounce Back Loan from Barclays Bank PLC. The loan term is 60 months at a fixed rate of interest at 3.3% per annum.

There are no capital repayments in the first 12 months and interest charges for that period are covered by the Government Business Interruption Payment ("BIP").

Capital and interest repayments commence 12 months after drawdown. Capital repayments are payable in equal monthly installments over the remaining 60 months, along with the relevant monthly interest charge.

For the period where BIP is applied to interest charges, these costs are simultaneously treated as Government grants receivable and finance costs payable in the profit and loss account.

The loan was fully repaid in full during the current year.

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

-

30,000

Between one and five years

-

120,000

In more than five years

-

26,137

-

176,137

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY