REGISTERED NUMBER: 14532988 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2024

FOR

ROBERTSON TECHNICAL LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

P Dunn

G Dunn

N M Haughton

G M Haughton

G Haughton

G D Haughton

C Haughton

H Dunn

Registered office:

Pioneer House Unit 3 Beacon Road

Rotherwas Industrial Estate

Hereford

United Kingdom

HR2 6JF

Registered number:

14532988 (England and Wales)

Fixed assets

Intangible assets

4

-

1

Tangible assets

5

161,072

210,045

161,072

210,046

Current assets

Stocks

6

273,063

281,947

Debtors

7

208,275

257,373

Cash at bank and in hand

153,620

166,443

634,958

705,763

Creditors

Amounts falling due within one year

8

925,392

1,022,110

Net current liabilities

(290,434

)

(316,347

)

Total assets less current liabilities

(129,362

)

(106,301

)

Creditors

Amounts falling due after more than one year

9

25,329

53,507

Net liabilities

(154,691

)

(159,808

)

Capital and reserves

Called up share capital

12

100

100

Retained earnings

(154,791

)

(159,908

)

Shareholders' funds

(154,691

)

(159,808

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

N M Haughton - Director

1.	Statutory information

Robertson Technical 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.

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.

The balance sheet at the year end shows net liabilities of £154,691 which include amounts owed to directors of £133,419 and amounts owed to related parties of £91,615. The directors consider that the company is able to meet its obligations as they fall due and confirm that they will continue to support the company. Therefore they consider it appropriate to adopt the going concern basis in preparing these accounts.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being fully amortised in the current year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.

Depreciation is provided at the following rates in order to write off each asset over its estimated useful life:

Plant & machinery

25% RB

Motor vehicles

25% RB

Stock & work in progress

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

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and' Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and 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 trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all of the risks and rewards of the ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 group after deducing all of its liabilities.

Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans, loans from fellow group companies and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase & 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. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

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

Pension costs & 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.

3.	Employees (including officers)

The average number of employees during the year was 14 (2023 - 13 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1st January 2024

and 31st December 2024

1

Amortisation

Amortisation for year

1

At 31st December 2024

1

Net book value

At 31st December 2024

-

At 31st December 2023

1

5.	Tangible fixed assets

Plant &

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1st January 2024

208,661

5,338

213,999

Additions

5,593

-

5,593

Disposals

-

(875

)

(875

)

At 31st December 2024

214,254

4,463

218,717

Depreciation

At 1st January 2024

3,954

-

3,954

Charge for year

52,575

1,116

53,691

At 31st December 2024

56,529

1,116

57,645

Net book value

At 31st December 2024

157,725

3,347

161,072

At 31st December 2023

204,707

5,338

210,045

The net book value of tangible fixed assets includes £ 99,259 (2023 - £ 132,345 ) in respect of assets held under hire purchase contracts.

6.

Stocks

31.12.24

31.12.23

£

£

Raw materials

145,418

140,318

Work in progress

127,645

141,629

273,063

281,947

7.

Debtors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade debtors

178,755

221,564

Other debtors

11,700

30,737

Prepayments

17,820

5,072

208,275

257,373

8.

Creditors: amounts falling due within one year

31.12.24

31.12.23

£

£

Bank loans (see note 10)

10,108

9,989

Hire purchase contracts (see note 11)

15,468

12,890

Trade creditors

83,856

73,163

Amounts owed to group undertakings

172,947

172,947

Amounts owed to related parties

91,615

72,318

Social security & other taxes

44,790

59,359

Other creditors

174,352

221,061

Directors' loan accounts

133,419

196,493

Accruals & deferred income

198,837

203,890

925,392

1,022,110

9.

Creditors: amounts falling due after more than one year

31.12.24

31.12.23

£

£

Bank loans (see note 10)

9,801

19,933

Hire purchase contracts (see note 11)

15,528

33,574

25,329

53,507

10.

Loans

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank loans

10,108

9,989

Amounts falling due between two and five years:

Bank loans two to five years

9,801

19,933

11.	Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

15,468

12,890

Between one and five years

15,528

33,574

30,996

46,464

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

29,308

27,630

Between one and five years

7,313

-

36,621

27,630

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary shares

£1

100

100

13.	Contingent liabilities

There were no contingent liabilities at 31st December 2024.

14.	Related party disclosures

During the year, the directors of the company used a current account with the company to record amounts due to them and amounts drawn by them. The balance owed by the company at the end of the year was £133,419 (2023: £196,493).

Interest is chargeable on the directors' loan accounts at a commercial rate of 5.5% p.a. During the year, the interest charged was £8,673 (2023: £5,063).

The following transactions took place with related parties on normal commercial terms during the year:

Controlled

Other related

entities

parties

£

£

Management fees

-

116,817

Amounts owed by the company

172,947

91,615

Loans

10,000

15,000

Loan repayments

10,000

40,463

15.	Controlling party

The company is controlled by Skylon Group Holdings Limited, which is the ultimate holding company.

Company registration number:

14525634

Company registered office address:

Pioneer House

Beacon Road

Rotherwas Industrial Estate

Hereford

HR2 6JF