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REGISTERED NUMBER: 03611396 (England and Wales)















GROUP TWO LIMITED
T/A
ROBOWATCH

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






GROUP TWO LIMITED (REGISTERED NUMBER: 03611396)
T/A ROBOWATCH






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GROUP TWO LIMITED
T/A ROBOWATCH

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr P K J Field
Mr M J Lake
Mr D P Hughes



REGISTERED OFFICE: Units 1-5
Harden Road Industrial Estate
Harden Road
LYDD
Kent
TN29 9LX



REGISTERED NUMBER: 03611396 (England and Wales)



ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Building 1063
Cornforth Drive
Kent Science Park
Sittingbourne
Kent
ME9 8PX



BANKERS: National Westminster
Europa House
49 Sandgate Road
Folkestone
Kent



SOLICITORS: Brachers LLP
Somerfield House
59 London Road
Maidstone
Kent
ME16 8JH

GROUP TWO LIMITED (REGISTERED NUMBER: 03611396)
T/A ROBOWATCH

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,793,045 722,902
Investments 6 1 1
1,793,046 722,903

CURRENT ASSETS
Stocks 25,145 26,201
Debtors 7 540,780 555,514
Cash at bank and in hand 1,267,175 1,924,162
1,833,100 2,505,877
CREDITORS
Amounts falling due within one year 8 593,901 479,478
NET CURRENT ASSETS 1,239,199 2,026,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,032,245

2,749,302

CREDITORS
Amounts falling due after more than one
year

9

(278,036

)

-

PROVISIONS FOR LIABILITIES (195,272 ) (146,777 )
NET ASSETS 2,558,937 2,602,525

GROUP TWO LIMITED (REGISTERED NUMBER: 03611396)
T/A ROBOWATCH

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 103 103
Share premium 31,497 31,497
Retained earnings 2,527,337 2,570,925
SHAREHOLDERS' FUNDS 2,558,937 2,602,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 30 July 2025 and were signed on its behalf by:





Mr D P Hughes - Director


GROUP TWO LIMITED (REGISTERED NUMBER: 03611396)
T/A ROBOWATCH

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Group Two 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.

Turnover
Turnover represents net invoiced sales and leasing of goods and services provided, excluding value added tax. Income is recognised on a four weekly basis without any adjustment for accrued or deferred income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Office equipment and furniture - straight line over 5 years
CCTV equipment - straight line over 2-5 years
Motor vehicles - straight line over 5 years and straight line over 3 years
Computer equipment - straight line over 4 years



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

GROUP TWO LIMITED (REGISTERED NUMBER: 03611396)
T/A ROBOWATCH

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

3. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

d) Trade and other creditors
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial liability is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an 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.


GROUP TWO LIMITED (REGISTERED NUMBER: 03611396)
T/A ROBOWATCH

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company has ceased to operate a retirement benefits pension scheme. Any contributions payable to the directors personal defined contribution schemes for the year are charged in the profit and loss account.

Operating lease income
Assets held by the company for leasing under operating leases are capitalised and depreciated over the estimated useful life of the asset. Rentals receivable under operating leases are included in turnover on an accruals basis.

Investments
Investments in subsidiary companies are included at cost. The company holds a share in Robowatch Limited which is a dormant company.

GROUP TWO LIMITED (REGISTERED NUMBER: 03611396)
T/A ROBOWATCH

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

3. ACCOUNTING POLICIES - continued

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

Inventories are also assessed for impairment at each reporting date. Each item of inventory is compared to the last sold date and an impairment loss recognised on a percentage basis in profit and loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit and loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2024 - 37 ) .

5. TANGIBLE FIXED ASSETS
Office
Improvements equipment
Freehold to and
property property furniture
£    £    £   
COST
At 1 April 2024 - 261,588 74,130
Additions 863,494 74,209 31,416
Disposals - (261,558 ) -
At 31 March 2025 863,494 74,239 105,546
DEPRECIATION
At 1 April 2024 - 250,685 64,680
Charge for year - 5,954 8,719
Eliminated on disposal - (250,611 ) -
At 31 March 2025 - 6,028 73,399
NET BOOK VALUE
At 31 March 2025 863,494 68,211 32,147
At 31 March 2024 - 10,903 9,450

GROUP TWO LIMITED (REGISTERED NUMBER: 03611396)
T/A ROBOWATCH

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. TANGIBLE FIXED ASSETS - continued

CCTV Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 5,133,757 206,482 204,688 5,880,645
Additions 663,785 8,175 16,317 1,657,396
Disposals (3,991 ) (17,635 ) - (283,184 )
At 31 March 2025 5,793,551 197,022 221,005 7,254,857
DEPRECIATION
At 1 April 2024 4,543,399 119,234 179,745 5,157,743
Charge for year 497,230 50,164 9,791 571,858
Eliminated on disposal - (17,178 ) - (267,789 )
At 31 March 2025 5,040,629 152,220 189,536 5,461,812
NET BOOK VALUE
At 31 March 2025 752,922 44,802 31,469 1,793,045
At 31 March 2024 590,358 87,248 24,943 722,902

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
CCTV
equipment
£   
COST
Additions 184,347
At 31 March 2025 184,347
DEPRECIATION
Charge for year 61,449
At 31 March 2025 61,449
NET BOOK VALUE
At 31 March 2025 122,898

GROUP TWO LIMITED (REGISTERED NUMBER: 03611396)
T/A ROBOWATCH

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2024
and 31 March 2025 1
NET BOOK VALUE
At 31 March 2025 1
At 31 March 2024 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 482,275 476,471
Other debtors 7,667 7,250
Associated company loan - 15,000
Prepayments and accrued income 50,838 56,793
540,780 555,514

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts (see note 10) 92,174 -
Trade creditors 69,075 74,483
Other creditors 11,645 11,042
Other taxes and PAYE 365,033 348,324
Accruals 12,861 8,788
Deferred income 43,113 36,841
593,901 479,478

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts (see note 10) 60,821 -
Recycling costs provision 217,215 -
278,036 -

Included within creditors amounts falling due over one year is a provision for the estimated recycling costs for the lithium batteries of £217,215. The lithium batteries are capitalised and they will incur a charge for recycling when they are no longer required.

GROUP TWO LIMITED (REGISTERED NUMBER: 03611396)
T/A ROBOWATCH

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.25 31.3.24
£    £   
Net obligations repayable:
Within one year 92,174 -
Between one and five years 60,821 -
152,995 -

Non-cancellable operating leases
31.3.25 31.3.24
£    £   
Within one year 14,285 28,985
Between one and five years 6,117 20,402
20,402 49,387

11. SECURED DEBTS

The bank overdraft facility, dated 8 July 2011 and 25 April 2015 , are secured against all assets of the company. This facility however was not used at any point during the year.

The leasehold property is subject to a charge in favour of the bank.

12. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary £1 100 100
3 Ordinary A £1 3 3
103 103

13. RELATED PARTY DISCLOSURES

Robowatch Limited

This is a dormant company which Group Two Limited owns 100% of the issued share capital. Costs of £192 have been incurred by the company in the year.

GROUP TWO LIMITED (REGISTERED NUMBER: 03611396)
T/A ROBOWATCH

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

14. POST BALANCE SHEET EVENTS

On 21 April 2025, D Hughes purchased 7 additional Ordinary A shares in the company.