SUREFLAP LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared the financial statements on a going concern basis. Before confirming the appropriateness of the going concern basis of preparation, the Directors reviewed and considered the following: The latest cash flow forecasts going out beyond 12 months from the date of signing the financial statements. These are based on the Directors' collective view of likely trading conditions underpinned by a prudent assessment of the performance of the economies in which they will operate over that period including severe and plausible possible downside scenarios. The relative strength of the Group's balance sheet in this context. The level of cash held by the Group and Company and access to further third-party debt. As at 31 December 2024 the company had net liabilities of £1,689,000 (2023: liabilities £27,260,000). The Group will provide financial support to the Company such that the Company is able to operate as a going concern and to settle its liabilities as they fall due. This financial support will include: Not seeking the repayment of amounts advanced to the Company by the Parent and/or other members of the Parent group unless adequate alternative financing has been secured by the Company; and Advancing further amounts to the Company as required by the Company. On 22 December 2025 Sureflap Limited issued Intervet Holding BV with 1 share at a premium, as detailed in the post balance sheet events section below and Note 22. The company therefore continues to adopt the going concern basis in preparing its financial statements.”

Significant events

• “On 26 November 2024 Sureflap Limited issued Intervet Holding BV with 1 share for £1 plus a premium of £41,999,999.”
• “R&D expenditure in 2024 remained at a consistent level to 2023 totalling £5.4m inclusive of wages and salary costs. This expenditure enabled the delivery of 23 releases covering app updates, firmware improvements, hardware releases, and cloud-platform enhancements during 2024.”
• “In March 2025 the sales and commercial operations of Sureflap Limited underwent a restructuring initiative. The total separation costs paid in 2025 totalled £620,000.”
• “On 22 December 2025 Sureflap Limited issued Intervet Holding BV with 1 share at a nominal value of £1 with a premium of £6,499,999.”
• “Subsequent to the balance sheet date, the Company identified a significant decline in the net realizable value of certain inventory items due to changes in market conditions and also the planned launch of a new product. The Company expects that both products can coexist in the marketplace through the end of 2028. However, in light of these factors, an additional provision for inventory write-down amounting to £1.2 million has been made, reflecting the anticipated reduction in the recoverable value of the affected inventory.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -29.6%

  £30,585,000 → £21,520,000

• Cash

  —

  Not reported

• Net assets

  +93.8%

  -£27,260,000 → -£1,689,000

• Employees

  -2.3%

  88 → 86

• Operating profit

  -52.6%

  -£8,845,000 → -£13,500,000

• Profit before tax

  -36.7%

  -£12,233,000 → -£16,725,000

• Wages

  -14%

  £6,630,000 → £5,705,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers