Registration number: 08955915

Arcteq Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Arcteq Limited

(Registration number: 08955915)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	214,555	234,773
Current assets
Stocks	5	37,803	33,220
Debtors	6	154,413	289,130
Cash at bank and in hand		40,263	739
		232,479	323,089
Creditors: Amounts falling due within one year	7	(235,875)	(357,608)
Net current liabilities		(3,396)	(34,519)
Total assets less current liabilities		211,159	200,254
Creditors: Amounts falling due after more than one year	7	(153,416)	(146,835)
Provisions for liabilities		(8,850)	(12,978)
Net assets		48,893	40,441
Capital and reserves
Called up share capital	8	2,500	2,500
Retained earnings		46,393	37,941
Shareholders' funds		48,893	40,441

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 November 2025 and signed on its behalf by:
 

......................................... Mr S Wrightham Director

......................................... Mr R Stratford Director

Arcteq Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Moody Lane
Humber Gate Ind Est
Main Street
Grimsby
N. E. Lincolnshire
DN31 2TT
United Kingdom

These financial statements were authorised for issue by the Board on 12 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

These financial statements cover the individual entity, Arcteq Limited.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Arcteq Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Buildings	5% Straight Line
Plant and Machinery	20% Reducing Balance
Fixtures and Fittings	20% Reducing Balance
Motor Vehicles	25% Reducing Balance
Computer	33% Straight Line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 20 (2024 - 15).

Arcteq Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Freehold Property £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	183,578	115,911	126,022	425,511
Additions	-	1,150	-	1,150
At 31 March 2025	183,578	117,061	126,022	426,661
Depreciation
At 1 April 2024	21,351	75,272	94,115	190,738
Charge for the year	3,672	9,719	7,977	21,368
At 31 March 2025	25,023	84,991	102,092	212,106
Carrying amount
At 31 March 2025	158,555	32,070	23,930	214,555
At 31 March 2024	162,227	40,639	31,907	234,773

5

Stocks

	2025 £	2024 £
Work in progress	27,552	22,969
Other inventories	10,251	10,251
	37,803	33,220

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		130,827	285,410
Amounts owed by related parties		4,328	-
Prepayments		19,258	3,720
		154,413	289,130

Arcteq Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		60,016	100,973
Trade creditors		65,637	104,514
Amounts owed to Company undertakings and undertakings in which the Company has a participating interest		-	279
Taxation and social security		85,737	80,384
Accruals and deferred income		5,303	23,511
Other creditors		19,182	47,947
		235,875	357,608

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £10,302 (2024 - £39,230). The liabilities associated with the hire purchase contracts are secured against the assets that they finance. The property is secured by a fixed charge. The bank loan and overdraft are secured by fixed and floating charges over the company.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		136,203	146,835
Deferred income		17,213	-
		153,416	146,835

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £136,202 (2024 - £146,835). The liabilities associated with the hire purchase contracts are secured against the assets that they finance. The property is secured by a fixed charge. The bank loan and overdraft are secured by fixed and floating charges over the company.

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1,000	1,000	1,000	1,000
Preference of £1 each	1,500	1,500	1,500	1,500
	2,500	2,500	2,500	2,500

9	Parent and ultimate parent undertaking

The Company's immediate parent is The Arcteq Group Limited, incorporated in United Kingdom.

  These financial statements are available upon request from the registered office.