REGISTERED NUMBER: 07454710 (England and Wales)

Strategic Report,

Report of the Directors and

Financial Statements

for the Year Ended 31 March 2025

for

Rototek Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Statement of Comprehensive Income

6

Balance Sheet

7

Statement of Changes in Equity

8

Notes to the Financial Statements

9

DIRECTORS:

Mr S N Wright

Mr S Mills

Mr S T Conway

SECRETARY:

Mr J C Heppell

REGISTERED OFFICE:

Gusto House

Green Way

Collingham

Newark

Nottinghamshire

NG23 7DX

REGISTERED NUMBER:

07454710 (England and Wales)

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

BANKERS:

NatWest Bank Plc

Newark Branch

1 Market Place

Newark

Nottinghamshire

NG24 1DY

The directors present their strategic report for the year ended 31 March 2025.

Rototek are one of Europe's leading technical Rotational moulding companies, offering the complete service to our customers from concept to finished product. The principle activity of the Company during the year was the manufacture of high performance Rotational moulded products for a variety of demanding applications across numerous industries.

REVIEW OF BUSINESS

Company turnover showed an increase of 7% on the previous period to £12,715,041 (2024: £11,888,365), this was due to significant growth in 1 sector of the business. Gross profit margin decreased to 30.8% (2024: 32.1%), mainly due to the increased spend on tooling. There was a slight decrease in overheads to £2,910,582 (2024 - £2,994,484).

The business is in a good position to continue to grow but this is not expected to happen until 2025/26.

PRINCIPAL RISKS AND UNCERTAINTIES

The key business risks and uncertainties that will have an impact in 2025/26 relate to the high percentage of sales generated by a small number of customers who are seeing greatly reduced orderbooks.

High inflation is an enormous challenge and will continue to have an impact in 2025/26 with several of our significant customers seeing greatly reduced orderbooks which in turn will see a reduction in sales for 2024/25. The continuing uncertainty with the energy market is a cause for concern.

ON BEHALF OF THE BOARD:

Mr S N Wright - Director

17 October 2025

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

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

Mr S N Wright

Mr S Mills

Mr S T Conway

Other changes in directors holding office are as follows:

Miss S J Wright - resigned 19 February 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, 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.

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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Wright Vigar Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr S N Wright - Director

17 October 2025

Opinion

We have audited the financial statements of Rototek Limited (the 'company') for the year ended 31 March 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our work is performed to include an assessment of the susceptibility of the entity's financial statements to material misstatement, including the risk of fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

-

We plan our work to gain an understanding of the significant laws and regulations that are of significance to the entity and the sector in which they operate. We perform our work to ensure that the entity is complying with its legal and regulatory framework.

-

We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making inquiries to the management and people charged with governance.

We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

-

Substantive procedures performed in accordance with the ISAs (UK).

-

Challenging assumptions and judgments made by management in its significant accounting estimates.

-

Identifying and testing journal entries, in particular material journal entries and an assessment of year end journals.

-

Assessing the extent of compliance with the relevant laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Paul Colcomb FCCA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

17 October 2025

TURNOVER

3

12,715,041

11,888,365

Cost of sales

8,803,443

8,066,558

GROSS PROFIT

3,911,598

3,821,807

Administrative expenses

2,910,582

2,994,484

1,001,016

827,323

Other operating income

14,091

137,069

OPERATING PROFIT

5

1,015,107

964,392

Interest receivable and similar income

358

-

1,015,465

964,392

Interest payable and similar expenses

6

370

7,571

PROFIT BEFORE TAXATION

1,015,095

956,821

Tax on profit

7

65,518

324,429

PROFIT FOR THE FINANCIAL YEAR

949,577

632,392

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

949,577

Prior year adjustment

(830,000

)

TOTAL COMPREHENSIVE INCOME SINCE LAST ANNUAL REPORT

(197,608

)

FIXED ASSETS

Intangible assets

8

-

-

Tangible assets

9

2,667,323

2,357,136

2,667,323

2,357,136

CURRENT ASSETS

Stocks

10

1,030,387

1,237,271

Debtors

11

3,731,575

2,618,075

Cash at bank and in hand

699,448

738,949

5,461,410

4,594,295

CREDITORS

Amounts falling due within one year

12

1,752,944

1,608,219

NET CURRENT ASSETS

3,708,466

2,986,076

TOTAL ASSETS LESS CURRENT LIABILITIES

6,375,789

5,343,212

PROVISIONS FOR LIABILITIES

15

621,000

538,000

NET ASSETS

5,754,789

4,805,212

CAPITAL AND RESERVES

Called up share capital

16

1,800

1,800

Share premium

17

19,200

19,200

Revaluation reserve

17

7,852

18,320

Retained earnings

17

5,725,937

4,765,892

SHAREHOLDERS' FUNDS

5,754,789

4,805,212

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2025 and were signed on its behalf by:

Mr S N Wright - Director

Called up

share

Retained

Share

Revaluation

Total

capital

earnings

premium

reserve

equity

£

£

£

£

£

Balance at 1 April 2023

1,800

4,887,476

19,200

94,344

5,002,820

Prior year adjustment

-

(830,000

)

-

-

(830,000

)

As restated

1,800

4,057,476

19,200

94,344

4,172,820

Changes in equity

Profit for the year

-

632,392

-

-

632,392

Other comprehensive income

-

76,024

-

(76,024

)

-

Total comprehensive income

-

708,416

-

(76,024

)

632,392

Balance at 31 March 2024

1,800

4,765,892

19,200

18,320

4,805,212

Changes in equity

Profit for the year

-

949,577

-

-

949,577

Other comprehensive income

-

10,468

-

(10,468

)

-

Total comprehensive income

-

960,045

-

(10,468

)

949,577

Balance at 31 March 2025

1,800

5,725,937

19,200

7,852

5,754,789

1.	STATUTORY INFORMATION

Rototek 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Details of the parent company can be found in Note 19.

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 arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

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

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

Plant and machinery

-

25% on reducing balance and 10% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Moulds

-

10% on cost

Stocks

Stocks 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.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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 the Statement of Comprehensive Income.

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Pension costs and 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.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

Turnover was wholly generated within the UK.

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

3,519,254

3,470,467

The average number of employees during the year was as follows:

2025

2024

Average

105

113

2025

2024

£

£

Directors' remuneration

210,920

190,514

Information regarding the highest paid director for the year ended 31 March 2025 is as follows:

2025

£

Emoluments etc

146,070

5.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

360,880

375,784

Loss on disposal of fixed assets

40,905

42,500

Auditors' remuneration

8,989

10,050

Auditors' remuneration for non audit work

3,800

3,875

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Other loan interest payable

370

3,790

Hire purchase

-

3,781

370

7,571

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

140,583

223,569

Prior year overprovision

(158,065

)

(17,140

)

Total current tax

(17,482

)

206,429

Deferred tax movement

83,000

118,000

Tax on profit

65,518

324,429

8.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

126,000

AMORTISATION

At 1 April 2024

and 31 March 2025

126,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

9.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Moulds

Totals

£

£

£

£

£

COST OR VALUATION

At 1 April 2024

3,367,224

588,210

-

206,156

4,161,590

Additions

471,223

195,728

45,021

-

711,972

Disposals

(89,400

)

-

-

-

(89,400

)

At 31 March 2025

3,749,047

783,938

45,021

206,156

4,784,162

DEPRECIATION

At 1 April 2024

1,287,893

356,666

-

159,895

1,804,454

Charge for year

277,423

60,027

2,814

20,616

360,880

Eliminated on disposal

(48,495

)

-

-

-

(48,495

)

At 31 March 2025

1,516,821

416,693

2,814

180,511

2,116,839

NET BOOK VALUE

At 31 March 2025

2,232,226

367,245

42,207

25,645

2,667,323

At 31 March 2024

2,079,331

231,544

-

46,261

2,357,136

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Moulds

Totals

£

£

£

£

£

Valuation in 2015

102,892

-

-

93,927

196,819

Cost

3,646,155

783,938

45,021

112,229

4,587,343

3,749,047

783,938

45,021

206,156

4,784,162

If plant and machinery and moulds had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

528,224

668,224

Aggregate depreciation

395,838

513,148

10.

STOCKS

2025

2024

£

£

Raw materials

815,187

841,888

Work-in-progress

82,637

84,802

Finished goods

132,563

310,581

1,030,387

1,237,271

11.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

1,980,430

1,967,491

Other debtors

8,639

42,767

Prepayments

42,506

187,817

2,031,575

2,198,075

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,700,000

420,000

Aggregate amounts

3,731,575

2,618,075

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,193,628

849,697

PAYE Control

73,751

63,151

Tax

140,583

223,569

VAT

213,409

330,472

Other creditors

15,186

16,897

Accrued expenses

116,387

124,433

1,752,944

1,608,219