ACS Technology Group Ltd

	Page
Strategic Report	1
Directors' Report	2—3
Independent Auditor's Report	4—6
Income Statement	7
Statement of Comprehensive Income	8
Statement of Financial Position	9
Statement of Changes in Equity	10
Statement of Cash Flows	11
Notes to the Statement of Cash Flows	12
Notes to the Financial Statements	13—21

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

Review of the Business

During the year, the company continued to focus on profitable trading, securing new contracts and developing additional revenue streams within its core technology business. Improved margins and continued financial discipline contributed to increased operating profitability compared with the previous year.

The company’s underlying trading performance therefore continued to improve. The reported result for the year was, however, adversely affected by the loss relating to the company’s investment in Upstream Workspace Solutions Ltd, which entered administration shortly after the year end.

The company’s overall balance sheet remains strong, providing a sound financial base from which to continue its long-term growth strategy. The directors remain focused on delivering sustainable and profitable growth, developing new revenue opportunities and further broadening the company’s customer base.

The company continues to have appropriate financing facilities in place to support its working-capital requirements and provide the flexibility to take advantage of suitable business opportunities as they arise. The directors consider the company’s financial position to be satisfactory and appropriate to support its ongoing strategy.

The company operates in a competitive market and remains exposed to wider economic uncertainty, inflationary pressures and changes in customer demand. The directors continue to monitor these risks closely and take appropriate measures to mitigate their impact where possible.

The directors remain confident in the company’s underlying trading performance, financial position and long-term prospects. This confidence is supported by the stronger trading performance experienced during the second half of 2026, with continued progress in profitability and the underlying business. The company remains focused on maintaining financial discipline and delivering sustainable, profitable growth.

Principal Risks and Uncertainties

The company faces a number of business risks and uncertainties due to competition and economic climate, which has been increased in the post pandemic period. In view of this, the directors continue to look at both existing and potential new markets to mitigate the risks.

Future Developments

The company has progressed developments to improve the performance of its trading activities and to improve margins and profitability. Whilst trading conditions continue to be challenging the directors feel there have been improvements to take advantage of opportunities as they arise.

Financial Instruments

The company continues to have a normal level of exposure to price, credit, liquidity and cash flow risks arising from trading activities which are only conducted in sterling. The company does not enter into any hedging transactions.

On behalf of the board

Mr Mukhtar Hussain

Director

4th November 2026

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ACS Technology Group Ltd

Company No. 06584936

Directors' Report For The Year Ended 31 December 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 December 2025.

Principal Activity

The company's principal activity during the year continued to be that of the distribution and sale of Information Technology and office products and services.

Directors

The directors who held office during the year were as follows:

Mrs Elizabeth Stevenson

Mrs Sacha Jones

Mr Mukhtar Hussain

Mr Robert Stevenson

Mrs Martine Box

Mr Adam Coates

Mr Simon Walsh

Matters covered in the Strategic Report

Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report 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, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', 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 the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

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ACS Technology Group Ltd

Directors' Report (continued)

For The Year Ended 31 December 2025

Independent Auditors

The auditors, McKelvie & Co LLP, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr Mukhtar Hussain

Director

4th November 2026

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Independent Auditor's Report

to the Members of

ACS Technology Group Ltd

Independent Auditor's Report

Opinion

We have audited the financial statements of ACS Technology Group Ltd for the year ended 31 December 2025 which comprise the Income Statement, Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and the related notes, 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

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/(loss) 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 Auditor's 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 entity's ability to continue as a going concern for a period of at least 12 months 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 other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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 materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material 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 material 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

ACS Technology Group Ltd

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 material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which 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 or 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 Directors' Responsibilities Statement set out on page 2—3, 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 is 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.

Auditor's 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 an auditor's report 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.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of

the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our

audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Independent Auditor's Report (continued)

to the Members of

ACS Technology Group Ltd

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 that we are required to state to them in an auditor's report 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.

Allan W McKelvie (Senior Statutory Auditor)

for and on behalf of McKelvie & Co LLP , Statutory Auditor

4th November 2026

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ACS Technology Group Ltd

Income Statement

For The Year Ended 31 December 2025

Income Statement

		2025	2024
	Notes	£	£
TURNOVER	3	27,014,317	28,402,900
Cost of sales		(19,920,911 )	(21,362,081 )

GROSS PROFIT		7,093,406	7,040,819

Administrative expenses		(6,778,069 )	(7,040,576 )
Other operating income		418,916	4,575

OPERATING PROFIT	5	734,253	4,818
Exceptional items		(1,094,519)	-
Loss on revaluation of investments		(150,270 )	-
Loss on disposal of fixed assets		-	(9,383 )
Other interest receivable and similar income	10	101,120	95,615
Interest payable and similar charges	11	(18,363 )	(40,469 )

(LOSS)/PROFIT BEFORE TAXATION		(427,779 )	50,581
Tax on (Loss)/profit	12	52,718	(43,185 )

(LOSS)/PROFIT AFTER TAXATION BEING (LOSS)/PROFIT FOR THE FINANCIAL YEAR		(375,061 )	7,396

The notes on pages 12 to 21 form part of these financial statements.

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ACS Technology Group Ltd

Statement of Comprehensive Income

For The Year Ended 31 December 2025

Statement of Comprehensive Income

	2025	2024
	£	£
LOSS FOR THE FINANCIAL YEAR	(375,061 )	7,396
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	(375,061 )	7,396

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ACS Technology Group Ltd

Statement of Financial Position

As At 31 December 2025

Statement of Financial Position

Registered number: 06584936

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	13		559,431		667,104
Investments	14		319		319

			559,750		667,423
CURRENT ASSETS
Stocks	15	85,545		99,242
Debtors	16	5,227,588		4,646,604
Cash at bank and in hand		71,159		357,045

		5,384,292		5,102,891
Creditors: Amounts Falling Due Within One Year	17	(5,025,952 )		(4,299,191 )

NET CURRENT ASSETS (LIABILITIES)			358,340		803,700

TOTAL ASSETS LESS CURRENT LIABILITIES			918,090		1,471,123

Creditors: Amounts Falling Due After More Than One Year	18		-		(75,757 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	20		-		(102,215 )

NET ASSETS			918,090		1,293,151

CAPITAL AND RESERVES
Called up share capital	21		1,000		1,000
Income Statement			917,090		1,292,151

SHAREHOLDERS' FUNDS			918,090		1,293,151

On behalf of the board

Mr Mukhtar Hussain

Director

4th November 2026

The notes on pages 12 to 21 form part of these financial statements.

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ACS Technology Group Ltd

Statement of Changes in Equity

For The Year Ended 31 December 2025

Statement of Changes in Equity

	Share Capital	Income Statement	Total
	£	£	£
As at 1 January 2024	1,000	1,284,755	1,285,755
Profit for the year and total comprehensive income	-	7,396	7,396

As at 31 December 2024 and 1 January 2025	1,000	1,292,151	1,293,151


Loss for the year and total comprehensive income	-	(375,061 )	(375,061)

As at 31 December 2025	1,000	917,090	918,090

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ACS Technology Group Ltd

Statement of Cash Flows

For The Year Ended 31 December 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash used in operations	1	(748,296 )	(404,305 )
Interest paid		(18,363 )	(40,469 )
Tax paid		(96,169 )	(115,520 )

Net cash used in operating activities		(862,828 )	(560,294 )

Cash flows from investing activities
Purchase of tangible assets		(78,407 )	(113,077 )
Proceeds from disposal of tangible assets		-	19,458
Purchase of other fixed asset investments		(150,270 )	-
Grants received		145,377	-
Interest received		98,812	95,615

Net cash generated from investing activities		15,512	1,996

Cash flows from financing activities
Proceeds from new bank borrowings		743,248	-
Repayment of bank borrowings		(181,818 )	(149,810 )
Repayment of finance leases		-	(15,684 )
Amount introduced by directors		-	20,000

Net cash generated from/(used in) financing activities		561,430	(145,494 )



Decrease in cash and cash equivalents		(285,886 )	(703,792 )
Cash and cash equivalents at beginning of year	2	357,045	1,060,837

Cash and cash equivalents at end of year	2	71,159	357,045

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ACS Technology Group Ltd

Notes to the Statement of Cash Flows

For The Year Ended 31 December 2025

Notes to the Statement of Cash Flows

1. Reconciliation of (loss)/profit for the financial year to cash used in operations

	2025	2024
	£	£
(Loss)/profit for the financial year	(375,061 )	7,396
Adjustments for:
Tax on (loss)/profit	(52,718 )	43,185
Interest expense	18,363	40,469
Interest income	(101,120 )	(95,615 )
Depreciation of tangible assets	186,080	186,161
Loss on disposal of tangible assets	-	9,383
Loss on revaluation of fixed assets	150,270	-
Grant income	(247,484)	-
Movements in working capital:
Decrease/(increase) in stocks	13,697	(11,516 )
Increase in trade and other debtors	(480,157 )	(318,719 )
Increase/(decrease) in trade and other creditors	139,834	(265,049 )

Net cash used in operations	(748,296 )	(404,305 )

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	71,159	357,045

3. Analysis of changes in net funds/(debt)

	As at 1 January 2025	Cash flows	As at 31 December 2025
	£	£	£
Cash at bank and in hand	357,045	(285,886)	71,159
Debts falling due within one year	(267,906 )	(720,881)	(988,787 )
Debts falling due after more than one year	(75,757)	75,757	-

	13,382	(931,010)	(917,628)

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ACS Technology Group Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

ACS Technology Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06584936 . The registered office is Kismet Buildings, Otley Road, Baildon, West Yorkshire, BD17 7HB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Exemption From Preparing Consolidated Financial Statements

The company has taken advantage of the exemption under section 402 of the Companies Act 2006 not to prepare consolidated accounts as the susidiary undertakings are non-trading entities or not materially trading entities and as such would not materially impact on the reported figures. Thereforethe accounts present information about the company as an individual undertaking and not about its group

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Income from operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, is credited to the profit and loss account over the period of the lease on a straight line basis

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses.

Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Leasehold	10% Straight line
Plant & Machinery	25% reducing balance
Fixtures & Fittings	15-25% reducing balance

2.5. Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.6. Stocks and Work in Progress

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.Cost is determined using the first in first out method.

The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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ACS Technology Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.8. Foreign Currencies

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.

At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

2.9. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

2.11. Government Grant

Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.

All grants in the income statement are recognised when all conditions for receipt have been complied with.

2.12. Invoice discounting

The company has entered into an arrangement with its bankers to assign its entitlement to funds receivable from its invoices to its bankers for which the company receives advanced funds. The terms of the agreement are that the company retains the ultimate responsibility for the assigned debt and as such the assigned debtors are included gross as assets and advances received from the company's bankers are included as liabilities within creditors. Interest charged by the bank under this arrangement is accrued and charged to the profit and loss account as interest payable.

2.13. Research and Development

Research and Development costs are written off to the Income Statement in the year in which they are incurred.

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ACS Technology Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Turnover

Analysis of turnover by geographical market is as follows:

	2025	2024
	£	£
United Kingdom	27,014,317	28,402,900

	27,014,317	28,402,900

4. Other Operating Income

	2025	2024
	£	£
Grant income	247,484	-
Other operating income	171,432	4,575

	418,916	4,575

5. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Bad debts	(72,245)	(23,593)
Operating lease rentals	414,920	380,503
Depreciation of tangible fixed assets	186,080	186,161

6. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	20,000	20,000

7. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	4,222,500	4,399,625
Social security costs	475,310	435,219
Other pension costs	313,797	339,908

	5,011,607	5,174,752

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ACS Technology Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	40	45
Sales, marketing and distribution	67	76

	107	121

9. Directors' remuneration

	2025	2024
	£	£
Emoluments	558,352	597,306
Company contributions to money purchase pension schemes	47,959	16,581

	606,311	613,887

The number of directors to whom retirement benefits were accruing was as follows:

	2025		2024
Money purchase pension schemes	7		6

Information regarding the highest paid director was as follows:

	2025	2024
	£	£
Emoluments	119,217	118,498
Company contributions to money purchase pension schemes	4,800	4,800

	124,017	123,298

10. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	22,958	95,615
Other interest receivable	78,162	-

	101,120	95,615

11. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	11,267	26,003
Other finance charges	7,096	14,466

	18,363	40,469

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ACS Technology Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

12. Tax on Profit

The tax (credit)/charge on the (loss)/profit for the year was as follows:

	Tax Rate		2025	2024
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	49,497	58,539
Deferred Tax
Deferred taxation			(102,215 )	(15,354 )


Total tax charge for the period			(52,718 )	43,185

The actual (credit)/charge for the year can be reconciled to the expected (credit)/charge for the year based on the (loss)/profit and the standard rate of corporation tax as follows:

	2025	2024
	£	£
Profit before tax	(427,779)	50,581

Tax on profit at 25% (UK standard rate)	(106,945 )	12,645
Goodwill/depreciation not allowed for tax	46,520	48,887
Expenses not deductible for tax purposes	17,172	20,407
Capital allowances	(19,872 )	(24,317 )
Short term timing differences	37,408	917
Research and Development tax credit	49,497	-
Tax losses unutilised carried forward	87,588	-
Revenue exempt from taxation	(61,871 )	-

Total tax charge for the period	49,497	58,539

13. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost or Valuation
As at 1 January 2025	845,057	206,975	702,110	1,754,142
Additions	-	16,500	61,907	78,407
Disposals	-	-	(31,999 )	(31,999 )

As at 31 December 2025	845,057	223,475	732,018	1,800,550

Depreciation
As at 1 January 2025	441,519	116,536	528,983	1,087,038
Provided during the period	93,871	25,017	67,192	186,080
Disposals	-	-	(31,999 )	(31,999 )

As at 31 December 2025	535,390	141,553	564,176	1,241,119

...CONTINUED

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ACS Technology Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	309,667	81,922	167,842	559,431

As at 1 January 2025	403,538	90,439	173,127	667,104

14. Investments

	Subsidiaries	Unlisted	Total
	£	£	£
Cost
As at 1 January 2025	301	18	319
Additions	-	150,270	150,270

As at 31 December 2025	301	150,288	150,589

Provision
As at 1 January 2025	-	-	-
Impairment losses	-	150,270	150,270

As at 31 December 2025	-	150,270	150,270

Net Book Value
As at 31 December 2025	301	18	319

As at 1 January 2025	301	18	319

Subsidiaries

Details of the company's subsidiaries as at 31 December 2025 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
ACS Business Supplies Ltd	82 Wandsworth Bridge Road, London SW6 2TF	Ordinary	100.00%	-
Amalgamated Computer Supplies Ltd	82 Wandsworth Bridge Road, London SW6 2TF	Ordinary	100.00%	-
PFS Managed Services Limited	82 Wandsworth Bridge Road, London SW6 2TF	Ordinary	100.00%	-
Scribble and Print Ltd	82 Wandsworth Bridge Road, London SW6 2TF	Ordinary	100.00%	-

The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows:

	Capital and Reserves	Profit/(loss)
	£	£
ACS Business Supplies Ltd	1	-
Amalgamated Computer Supplies Ltd	100	-
PFS Managed Services Limited	100	-
Scribble and Print Ltd	100	-

15. Stocks

	2025	2024
	£	£
Finished goods	85,545	99,242

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ACS Technology Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

16. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	3,974,836	3,391,011
Prepayments and accrued income	589,034	253,318
Other debtors	463,093	803,837
Directors' loan accounts	150,000	150,000

	5,176,963	4,598,166
Due after more than one year
Other debtors	50,625	48,438

	5,227,588	4,646,604

17. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,190,028	2,075,004
Bank loans and overdrafts	988,787	267,906
Other creditors	163,486	163,432
Corporation tax	8,438	58,700
Taxation and social security	422,063	451,741
Accruals and deferred income	1,253,150	1,282,408

	5,025,952	4,299,191

18. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	75,757

19. Loans

An analysis of the maturity of loans is given below:

The company obtained Coronavirus Business Interruption Loan from Lloyds bank in 2020 which is repayable in 66 monthly instalments and commenced December 2020. Interest rate on the loan is base rate plus 2.06% per annum.

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	988,787	267,906

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	-	75,757

The bank facility is secured on the company's book debts and other assets. Also Rozy Futures Limited, where director M Hussain is a director and majority shareholder, provided a cross guarantee over the bank borrowings of the company. Bank interest was charged at 2.16% - 2.25% per annum. The £100,000 third party loan matured in October 2017 and is repayable on demand.

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ACS Technology Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

20. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	-	102,215

21. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
80,000 Ordinary A shares of £ 0.01 each	800	800
20,000 Ordinary B shares of £ 0.01 each	200	200

	1,000	1,000

22. Other Commitments

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

	2025	2024
	£	£
Not later than one year	353,579	311,571
Later than one year and not later than five years	576,125	654,623

	929,704	966,194

The commitments above include property leases at the current annual rentals of £200,000 per annum that expires on 4th February 2029 .

23. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the income statement in respect of defined contribution schemes was £313,797 (2024: £339,908).

At the statement of financial position date contributions of £57,776 (2024: £58,414) were due to the fund and are included in creditors.

24. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Mr Mukhtar Hussain	125,000	225,000	(200,000 )	-	150,000
Mr Robert Stevenson	25,000	-	(25,000 )	-	-

The above loans are unsecured, interest free and repayable on demand.

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ACS Technology Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

25. Related Party Disclosures

The related party transactions during the year are:

Upstream Workplace Solutions Limited ('Upstream')

The company has a significant interest in Upstream

The company has sold goods and services to Upstream amounting to £666,750 and provided funding during the year. The net balance after a provision of £1,094,519 owed by Upstream at the year end amounted to £73,470.

Rozy Futures Limited

Mr Hussain, the company's director and shareholder has a significant interest in Rozy Futures Limited.

The company has rental lease agreement with Rozy Futures Limited for its premises and the rent charged to the company during the period amounted to £140,583 (2024: £115,310). The company charged a management fee to Rozy Futures Limited of £50,000. Rozy Futures Limited has a loan balance with the company on an interest free and unsecured basis which is repayable on demand. At the year end the balance owed to the company amounted to £405,312 (2024: £371,312).

Organon Pension SIPP re M Hussain

Mr M Hussain, the company's director and shareholder is a trustee and beneficiary of Organon Pension SIPP re M. Hussain.

The Pension Scheme and Rozy Futures Limited own the property and jointly charge rent to the company under a lease agreement. Rent paid to the Pension Scheme in 2025 amounted to £57,109 (2024: £44,690). There was no outstanding balance at the year end.

26. Controlling Parties

The company's ultimate controlling party is Mr Mukhtar Hussain by virtue of their interest in the share capital of the company.

27. Exceptional Items

The Exceptional item relates to write downs of investments and balances with Upstream Workplace Solutions Limited which entered Administration in April 2026.

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