REGISTERED NUMBER: 07060562 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2026

for

Versantus IT Services Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

25,834

25,357

Investments

5

70,360

-

96,194

25,357

CURRENT ASSETS

Debtors

6

309,587

375,374

Cash at bank

498,715

365,230

808,302

740,604

CREDITORS

Amounts falling due within one year

7

410,226

362,720

NET CURRENT ASSETS

398,076

377,884

TOTAL ASSETS LESS CURRENT LIABILITIES

494,270

403,241

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

494,269

403,240

SHAREHOLDERS' FUNDS

494,270

403,241

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

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

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 November 2026 and were signed by:

N E Roberts - Director

1.	STATUTORY INFORMATION

Versantus IT Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07060562

Registered office:

Frieze Farmhouse

Woodstock Road

Wolvercote

Oxford

OX2 8JX

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

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

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs which are directly attributable in bringing the asset to its location and condition so that it is capable of operating in the manner intended by management.

Depreciation is provided on all tangible fixed assets at rates which are calculated to write off the cost, less estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), of each asset on a systematic basis over its expected useful life as follows:

Motor vehicles - 25% reducing balance

Fixtures and fittings - 33% straight line

Computer equipment - 33% straight line

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development

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

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.

Investments

Investments in convertible loan notes are stated at cost less impairment where fair value cannot be measured reliably without undue cost or effort.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2025 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 May 2025

160,891

Additions

9,849

Disposals

(32,685

)

At 30 April 2026

138,055

Depreciation

At 1 May 2025

135,534

Charge for year

9,372

Eliminated on disposal

(32,685

)

At 30 April 2026

112,221

Net book value

At 30 April 2026

25,834

At 30 April 2025

25,357

5.	FIXED ASSET INVESTMENTS

Other

loans

£

New in year

70,360

At 30 April 2026

70,360

The company has a convertible loan receivable of £50,000 from Built Cybernetics Plc. The instrument bears interest at 12% per annum and is redeemable on 31 December 2027, unless converted to shares of the issuer in accordance with the terms of the agreement.

The company has a convertible loan receivable of £20,360 from Biologic Solutions Ltd. The instrument bears interest at 10% per annum and is redeemable on 30 September 2035, unless converted to shares of the issuer in accordance with the terms of the agreement.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

162,015

212,059

Other debtors

147,572

163,315

309,587

375,374

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

20,575

21,571

Taxation and social security

84,718

94,353

Other creditors

304,933

246,796

410,226

362,720

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number

Class:

Nominal value:

2026

2025

£

£

1

Ordinary

£1

-

1

80

Ordinary

£0.01

0.8

-

20

Ordinary A

£0.01

0.2

-

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2026 and 30 April 2025:

2026

2025

£

£

N E Roberts

Balance outstanding at start of year

738

360

Amounts advanced

19,152

378

Amounts repaid

(15,776

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,114

738

The above loan is interest free, unsecured and repayable on demand. The balance has been included within other debtors.