Company No: 05042485 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	577,347		731,110
Investments	5	8,200		8,200
		585,547		739,310
Current assets
Stocks	6	1,660,374		1,486,469
Debtors	7	1,429,095		1,205,656
Cash at bank and in hand		1,322,394		739,435
		4,411,863		3,431,560
Creditors: amounts falling due within one year	8	( 992,676)		( 739,775)
Net current assets		3,419,187		2,691,785
Total assets less current liabilities		4,004,734		3,431,095
Creditors: amounts falling due after more than one year	9	( 412,622)		( 503,325)
Provision for liabilities		( 114,000)		( 144,000)
Net assets		3,478,112		2,783,770
Capital and reserves
Called-up share capital	10	1,112		1,112
Capital redemption reserve		149,000		149,000
Profit and loss account		3,328,000		2,633,658
Total shareholder's funds		3,478,112		2,783,770

For the financial year ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Rotamic Engineering Limited (registered number: 05042485) were approved and authorised for issue by the Board of Directors on 01 December 2025. They were signed on its behalf by:

Mr G P Squires Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rotamic Engineering Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Little Moor House Falcon Road, Sowton Industrial Estate, Exeter, EX2 7LB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. There are no material departures from FRS 102.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Business Combinations

Business combinations are accounted for under the purchase method. The consideration for each acquisition is measured at the aggregate of the cost at acquisition date of assets given, liabilities incurred or assumed, plus any costs directly attributable to the business combination.
When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	20 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

A total of £4,303 (2024: £4,303) has been recognised as revenue in the year as a release of the Regional Growth Fund Grant (RGF).

The deferred income relating to the RGF grant is broken down as follows:-
The Regional Growth Fund Grant - 2025: £172,125 (2024: £176,428)

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	39		37

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 October 2024	400,930		400,930
At 30 September 2025	400,930		400,930
Accumulated amortisation
At 01 October 2024	400,930		400,930
At 30 September 2025	400,930		400,930
Net book value
At 30 September 2025	0		0
At 30 September 2024	0		0

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 October 2024	4,257,095		10,029		48,869		58,581		4,374,574
Additions	19,879		0		0		18,165		38,044
Disposals	( 5,245)		0		0		0		( 5,245)
At 30 September 2025	4,271,729		10,029		48,869		76,746		4,407,373
Accumulated depreciation
At 01 October 2024	3,547,417		9,735		36,627		49,685		3,643,464
Charge for the financial year	182,336		74		2,448		6,765		191,623
Disposals	( 5,061)		0		0		0		( 5,061)
At 30 September 2025	3,724,692		9,809		39,075		56,450		3,830,026
Net book value
At 30 September 2025	547,037		220		9,794		20,296		577,347
At 30 September 2024	709,678		294		12,242		8,896		731,110

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 October 2024	8,200
At 30 September 2025	8,200
Carrying value at 30 September 2025	8,200
Carrying value at 30 September 2024	8,200

6. Stocks

	2025		2024
	£		£
Raw materials	104,587		184,566
Work in progress	912,832		786,194
Finished goods	642,955		515,709
	1,660,374		1,486,469

7. Debtors

	2025		2024
	£		£
Trade debtors	1,333,535		1,096,028
Prepayments and accrued income	95,560		109,628
	1,429,095		1,205,656

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	405,477		378,393
Amounts owed to Group undertakings	8,200		8,200
Accruals and deferred income	27,219		60,693
Taxation and social security	457,933		160,191
Obligations under finance leases and hire purchase contracts (secured)	86,400		124,317
Other creditors	7,447		7,981
	992,676		739,775

9. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Deferred income	167,822		172,125
Obligations under finance leases and hire purchase contracts (secured)	244,800		331,200
	412,622		503,325

The hire purchase contracts are secured against the assets to which they relate. At 30 September 2025, the hire purchase liabilities are £331,200 (2024: £455,517)

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000
56 Ordinary A shares of £ 1.00 each	56		56
56 Ordinary B shares of £ 1.00 each	56		56
	1,112		1,112

The rights attached to each type of Ordinary shares (Ordinary, Ordinary A and Ordinary B) is that each share is entitled to one vote in any circumstances. Shares are entitled to dividend payments or any other distribution. Dividends may be paid to the holders of one or more classes of shares to the exclusion of the other(s) or to all classes of shares, in each case at the same or differing rates. Shares are entitled to participate in a distribution arising from a winding up of the company. The shares are non-redeemable.

11. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	100,000		100,000
between one and five years	400,000		400,000
after five years	175,000		275,000
Total future minimum lease payments under non-cancellable operating leases	675,000		775,000

12. Ultimate controlling party

Parent Company:

Rotamic Precision Holdings Limited

Little Moor House Falcon Road Sowton Industrial Estate Exeter, EX2 7LB United Kingdom