IRIS Accounts Production v25.3.0.601 07899275 Board of Directors Board of Directors 1.2.24 31.1.25 31.1.25 supply of engineering services for plant and equipment for the sugar refining industry. false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07899275 2024-01-31 07899275 2025-01-31 07899275 2024-02-01 2025-01-31 07899275 2023-01-31 07899275 2023-02-01 2024-01-31 07899275 2024-01-31 07899275 ns15:EnglandWales 2024-02-01 2025-01-31 07899275 ns14:USDollar 2024-02-01 2025-01-31 07899275 ns10:Director1 2024-02-01 2025-01-31 07899275 ns10:Director2 2024-02-01 2025-01-31 07899275 ns10:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 07899275 ns10:SmallEntities 2024-02-01 2025-01-31 07899275 ns10:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 07899275 ns10:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 07899275 ns10:FullAccounts 2024-02-01 2025-01-31 07899275 ns10:OrdinaryShareClass1 2024-02-01 2025-01-31 07899275 ns10:OrdinaryShareClass2 2024-02-01 2025-01-31 07899275 ns10:OrdinaryShareClass3 2024-02-01 2025-01-31 07899275 ns10:CompanySecretary1 2024-02-01 2025-01-31 07899275 ns10:RegisteredOffice 2024-02-01 2025-01-31 07899275 ns10:Director3 2024-02-01 2025-01-31 07899275 ns5:CurrentFinancialInstruments 2025-01-31 07899275 ns5:CurrentFinancialInstruments 2024-01-31 07899275 ns5:ShareCapital 2025-01-31 07899275 ns5:ShareCapital 2024-01-31 07899275 ns5:RevaluationReserve 2025-01-31 07899275 ns5:RevaluationReserve 2024-01-31 07899275 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 07899275 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 07899275 ns5:ShareCapital 2023-01-31 07899275 ns5:RetainedEarningsAccumulatedLosses 2023-01-31 07899275 ns5:RevaluationReserve 2023-01-31 07899275 ns5:ShareCapital 2023-02-01 2024-01-31 07899275 ns5:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 07899275 ns5:RevaluationReserve 2023-02-01 2024-01-31 07899275 ns5:RetainedEarningsAccumulatedLosses 2024-02-01 2025-01-31 07899275 ns5:RevaluationReserve 2024-02-01 2025-01-31 07899275 ns5:PlantMachinery 2024-02-01 2025-01-31 07899275 ns5:OwnedAssets 2024-02-01 2025-01-31 07899275 ns5:OwnedAssets 2023-02-01 2024-01-31 07899275 ns10:OrdinaryShareClass1 2023-02-01 2024-01-31 07899275 ns5:PlantMachinery 2024-01-31 07899275 ns5:PlantMachinery 2025-01-31 07899275 ns5:PlantMachinery 2024-01-31 07899275 ns5:CostValuation 2024-01-31 07899275 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 07899275 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-01-31 07899275 ns5:RevaluationReserve 2024-01-31

REGISTERED NUMBER: 07899275 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Techinservice Limited

Techinservice Limited (Registered number: 07899275)

Contents of the Financial Statements

for the Year Ended 31 January 2025

Page |

Company Information | 1 |

Report of the Directors | 2 |

Income Statement | 4 |

Balance Sheet | 5 |

Statement of Changes in Equity | 7 |

Notes to the Financial Statements | 8 |

Techinservice Limited

Company Information

for the Year Ended 31 January 2025

| DIRECTORS: | I Shchutskyi

| S Landes

| SECRETARY: | A C Terry

| REGISTERED OFFICE: | 3rd Floor Front, 39 Ludgate Hill

| London

| EC4M 7JN

| REGISTERED NUMBER: | 07899275 (England and Wales)

| ACCOUNTANTS: | Zenith Accounting Services (UK) LLP

| 3rd Floor Front, 39 Ludgate Hill

| London

| EC4M 7JN

Techinservice Limited (Registered number: 07899275)

Report of the Directors

for the Year Ended 31 January 2025

The directors present their report with the financial statements of the company for the year ended 31 January 2025.

DIVIDENDS

No interim dividends were paid during the year ended 31 January 2025.

The directors recommend final dividends per share as follows:

The total distribution of dividends for the year ended 31 January 2025 will be $ 594,802 .

DIRECTORS

I Shchutskyi has held office during the whole of the period from 1 February 2024 to the date of this report.

Other changes in directors holding office are as follows:

S Landes was appointed as a director after 31 January 2025 but prior to the date of this report.

B N F Mills ceased to be a director after 31 January 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

Techinservice Limited (Registered number: 07899275)

Report of the Directors

for the Year Ended 31 January 2025

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE BOARD:

I Shchutskyi - Director

21 October 2025

Techinservice Limited (Registered number: 07899275)

Income Statement

for the Year Ended 31 January 2025

| 31.1.25 |  | 31.1.24

| Notes | $ | $ |

TURNOVER | 5,307,326 |  | 2,730,312 |  |

Cost of sales | (4,407,875 | ) | (2,390,754 | ) |

GROSS PROFIT | 899,451 |  | 339,558 |  |

Administrative expenses | (877,575 | ) | (557,262 | ) |

21,876 |  | (217,704 | ) |

Other operating income | - |  | (61,580 | ) |

OPERATING PROFIT/(LOSS) and |

PROFIT/(LOSS) BEFORE TAXATION | 21,876 |  | (279,284 | ) |

Tax on profit/(loss) | - |  | - |  |

PROFIT/(LOSS) FOR THE FINANCIAL YEAR | 21,876 |  | (279,284 | ) |

Techinservice Limited (Registered number: 07899275)

Balance Sheet

31 January 2025

| 31.1.25 |  | 31.1.24

| Notes | $ | $ |

FIXED ASSETS

Tangible assets | 6 | - |  | 4,134 |  |

Investments | 7 | 25,103,528 |  | 25,103,528 |  |

25,103,528 |  | 25,107,662 |  |

CURRENT ASSETS

Debtors | 8 | 8,521,365 |  | 6,629,505 |  |

Investments | 9 | 10,183,362 |  | 10,183,362 |  |

Cash at bank and in hand | 477,801 |  | 525,712 |  |

19,182,528 |  | 17,338,579 |  |

CREDITORS

Amounts falling due within one year | 10 | (4,722,327 | ) | (2,309,586 | ) |

NET CURRENT ASSETS | 14,460,201 |  | 15,028,993 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 39,563,729 |  | 40,136,655 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Revaluation reserve | 11 | (3,713,363 | ) | (3,713,363 | ) |

Retained earnings | 43,277,091 |  | 43,850,017 |  |

39,563,729 |  | 40,136,655 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Techinservice Limited (Registered number: 07899275)

Balance Sheet - continued

31 January 2025

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

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2025 and were signed on its behalf by:

S Landes - Director

I Shchutskyi - Director

Techinservice Limited (Registered number: 07899275)

Statement of Changes in Equity

for the Year Ended 31 January 2025

| Called up |

| share |  | Retained |  | Revaluation |  | Total

| capital |  | earnings |  | reserve |  | equity

$ | $ | $ | $ |

Balance at 1 February 2023 | - |  | 44,502,115 |  | (3,713,363 | ) | 40,788,752 |  |

Changes in equity

Issue of share capital | 1 |  | - |  | - |  | 1 |  |

Dividends | - |  | (372,814 | ) | - |  | (372,814 | ) |

Total comprehensive income | - |  | (279,284 | ) | - |  | (279,284 | ) |

Balance at 31 January 2024 | 1 |  | 43,850,017 |  | (3,713,363 | ) | 40,136,655 |  |

Changes in equity

Dividends | - |  | (594,802 | ) | - |  | (594,802 | ) |

Total comprehensive income | - |  | 21,876 |  | - |  | 21,876 |  |

Balance at 31 January 2025 | 1 |  | 43,277,091 |  | (3,713,363 | ) | 39,563,729 |  |

Techinservice Limited (Registered number: 07899275)

Notes to the Financial Statements

for the Year Ended 31 January 2025

1. | STATUTORY INFORMATION

| Techinservice 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 financial statements have been prepared on a going concern basis and at the balance sheet date the company had net current assets amounting to $39,563,729 (2024: $40,136,655).

| The director, therefore, has a reasonable expectation that with his support as shareholder the company has adequate resources to continue in operational existence for the foreseeable future. For these reasons, he continues to adopt the going concern basis in preparing the accounts.

| Significant judgements and estimates

| In preparing these financial statements, the directors have made the following judgements:

| Judgement is required in assessing the appropriateness of the going concern assumption. Further details to support the assessment that the going concern basis is appropriate is provided in notes.

| The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of the assets and liabilities within the next financial year are:

| Determining and recognising bad debt provision for doubtful debts.

| Determining whether there are indicators of impairment of the company's tangible and intangible assets.

| Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

| 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

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

| Plant and machinery etc | - | 25% on cost

Techinservice Limited (Registered number: 07899275)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| 1. Financial assets: loans and receivables

| Loans and receivables are financial assets with fixed or determinable payments that are not quoted in an active market. Such assets are recognised initially at fair value plus any directly attributable transaction costs. Subsequent to initial recognition loans and receivables are measured at amortised cost using the effective interest method, less any impairment losses unless the effect of discounting would be immaterial. Amortised cost is calculated taking into account any discount or premium on acquisition and includes fees that are an integral part of the effective interest rate and transaction costs. Gains and losses are recognised in the consolidated statement of comprehensive income when the loans and receivables are derecognised or impaired as well as through the amortisation process.

| 2. Cash and cash equivalents

| Cash and cash equivalents include cash in hand, bank accounts, deposits receivable on demand and deposits with maturity dates of three months or less from the date of inception. Bank overdrafts that are repayable on demand and which form an integral part of the company's cash management are also included as a component of cash and cash equivalents where offset conditions are met.

| 3. Financial liabilities: interest bearing loans and borrowings

| All loans and borrowings are valued initially at fair value of the proceeds received (which is determined using the prevailing market rate of interest for a similar instrument, if significantly differs from the transaction price), net of transaction costs incurred. In subsequent periods, interest bearing loans and borrowings are stated at amortised cost using the effective interest method; any difference between fair value of the proceeds (net of transaction costs) and the redemption amount is recognised as interest expense over the period of the loans and borrowings.

| 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 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.

Techinservice Limited (Registered number: 07899275)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

4. | OPERATING PROFIT/(LOSS)

| The operating profit (2024 - operating loss) is stated after charging:

| 31.1.25 |  | 31.1.24

$ | $ |

| Depreciation - owned assets | 4,134 |  | 4,134 |  |

5. | DIVIDENDS

| 31.1.25 |  | 31.1.24

$ | $ |

| shares of each |

| Final | 594,802 |  | 372,814 |  |

6. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

$ |

| COST

| At 1 February 2024

| and 31 January 2025 | 16,536 |  |

| DEPRECIATION

| At 1 February 2024 | 12,402 |  |

| Charge for year | 4,134 |  |

| At 31 January 2025 | 16,536 |  |

| NET BOOK VALUE

| At 31 January 2025 | - |  |

| At 31 January 2024 | 4,134 |  |

Techinservice Limited (Registered number: 07899275)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

7. | FIXED ASSET INVESTMENTS

| Other

| investments

$ |

| COST

| At 1 February 2024

| and 31 January 2025 | 25,103,528 |  |

| NET BOOK VALUE

| At 31 January 2025 | 25,103,528 |  |

| At 31 January 2024 | 25,103,528 |  |

| The company owns 49% of Karpaty Chemical B.V., a company registered in The Netherlands.

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.25 |  | 31.1.24

$ | $ |

| Trade debtors | 4,312,570 |  | 2,264,111 |  |

| Other debtors | 4,208,795 |  | 4,365,394 |  |

8,521,365 |  | 6,629,505 |  |

9. | CURRENT ASSET INVESTMENTS

| 31.1.25 |  | 31.1.24

$ | $ |

| Unlisted investments | 10,183,362 |  | 10,183,362 |  |

10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.25 |  | 31.1.24

$ | $ |

| Trade creditors | 110,793 |  | 14,920 |  |

| Other creditors | 4,611,534 |  | 2,294,666 |  |

4,722,327 |  | 2,309,586 |  |

11. | RESERVES

| Revaluation

| reserve

$ |

| At 1 February 2024

| and 31 January 2025 | (3,713,363 | ) |

12. | RELATED PARTY DISCLOSURES

| During the year, total dividends of $594,802 were paid to the directors .

Techinservice Limited (Registered number: 07899275)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

12. | RELATED PARTY DISCLOSURES - continued

| As at 31 January 2025, included in prepayments is an amount of $2,170,008 owed to PJSC "Grebinkiv Machinery Plant" (2024: $3,432,763).

| As at 31 January 2025, included in debtors is an amount of $615,973 owed by Boomsa Limited (2024: $644,889).

| At the end of the year the company owed $1,982,214 of unpaid loan interest to BF Capital, the principal amount of $59,995,751 was repaid in 2022. The same amount was outstanding at the end of the previous year.

| These companies are related parties by virtue of common control.

13. | ULTIMATE CONTROLLING PARTY

| The controlling party is I Shchutskyi.