Company registration number 02200548 (England and Wales)
STERITECH LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
STERITECH LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
STERITECH LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STERITECH LIMITED FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Steritech Limited for the year ended 31 December 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Steritech Limited, as a body, in accordance with the terms of our engagement letter dated 14 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Steritech Limited and state those matters that we have agreed to state to the b oard of d irectors of Steritech Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Steritech Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Steritech Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Steritech Limited. You consider that Steritech Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Steritech Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Carpenter Box
12 September 2025
Chartered Accountants
5 Peveril Court
6-8 London Road
Crawley
West Sussex
RH10 8JE
STERITECH LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,641,323
1,305,730
Investments
4
850
850
1,642,173
1,306,580
Current assets
Stocks
533,063
530,646
Debtors
5
4,263,464
3,149,126
Cash at bank and in hand
936,280
629,953
5,732,807
4,309,725
Creditors: amounts falling due within one year
6
(3,977,776)
(2,245,970)
Net current assets
1,755,031
2,063,755
Total assets less current liabilities
3,397,204
3,370,335
Creditors: amounts falling due after more than one year
7
-
0
(56,105)
Provisions for liabilities
(237,439)
(162,868)
Net assets
3,159,765
3,151,362
Capital and reserves
Called up share capital
9
1,138
1,138
Share premium account
68,862
68,862
Revaluation reserve
485,139
492,902
Profit and loss reserves
2,604,626
2,588,460
Total equity
3,159,765
3,151,362

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

STERITECH LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 12 September 2025 and are signed on its behalf by:
Mr D L Mulhall
Director
Company registration number 02200548 (England and Wales)
STERITECH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
1
Accounting policies
Company information

Steritech Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 27, The Io Centre, Salbrook Road, Salfords, Redhill, Surrey, RH1 5GJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% diminishing balance per annum
Office equipment
10-25% diminishing balance per annum
FIxtures & Fittings
10-15% diminishing balance per annum
Computer equipment
25% on a straight line basis
Motor vehicles
25% diminishing balance per annum

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

STERITECH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

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.

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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

STERITECH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 26 (2023 - 26).

3
Tangible fixed assets
Freehold land and buildings
Office equipment
FIxtures & Fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost or valuation
At 1 January 2024
933,000
529,175
185,984
251,522
39,201
1,938,882
Additions
-
0
45,130
65,663
55,981
-
0
166,774
Disposals
-
0
(50,745)
(20,504)
(73,823)
(11,300)
(156,372)
Revaluation
257,000
-
0
-
0
-
0
-
0
257,000
At 31 December 2024
1,190,000
523,560
231,143
233,680
27,901
2,206,284
Depreciation and impairment
At 1 January 2024
15,300
319,750
53,964
217,421
26,717
633,152
Depreciation charged in the year
-
0
39,802
18,479
25,660
2,744
86,685
Eliminated in respect of disposals
-
0
(53,226)
(6,910)
(69,648)
(9,792)
(139,576)
Revaluation
(15,300)
-
0
-
0
-
0
-
0
(15,300)
At 31 December 2024
-
0
306,326
65,533
173,433
19,669
564,961
Carrying amount
At 31 December 2024
1,190,000
217,234
165,610
60,247
8,232
1,641,323
At 31 December 2023
917,700
209,425
132,020
34,101
12,484
1,305,730
STERITECH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
3
Tangible fixed assets
(Continued)
- 7 -

In 2017 the directors changed the accounting policy for the recognition of Freehold Property, moving from cost less depreciation to a revaluation model. A valuation of £1,190,000 was obtained from Martin Lacey Buckley, Chartered Surveyors, resulting in a revaluation. The revaluation was accounted for at 31 December 202 4.

4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
850
850
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,418,524
704,423
Amounts owed by group undertakings
1,243,372
2,064,600
Other debtors
1,601,568
380,103
4,263,464
3,149,126
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
-
0
17,871
Trade creditors
1,274,677
636,239
Taxation and social security
391,762
123,693
Other creditors
2,311,337
1,468,167
3,977,776
2,245,970
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
-
0
56,105

The loan was secured by way of a fixed charge over the bank account and legal charge over the freehol d property.

STERITECH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
8
Loans and overdrafts
2024
2023
£
£
Bank loans
-
0
17,871
Payable within one year
-
0
17,871

The loan was secured by way of a fixed charge over the bank account and legal charge over the freehold property.

9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of £1 each
1,000
1,000
1,000
1,000
Ordinary B Shares of £1 each
138
138
138
138
1,138
1,138
1,138
1,138
10
Operating lease commitments
Lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis ove r the lease term.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
107,244
50,070
11
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Directors loan account -
-
500
250
(500)
250
500
250
(500)
250
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