Taranis Engineering Limited - Filleted accounts

Registered number

08681173

Taranis Engineering Limited

Filleted Accounts

30 September 2025

Taranis Engineering Limited
Registered number:		08681173
Balance Sheet
as at 30 September 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		270,168			297,558

Current assets
Stocks		10,746			3,000
Debtors	4	2,835,977			2,035,021
Cash at bank and in hand		1,297,462			966,974
		4,144,185			3,004,995

Creditors: amounts falling due within one year	5	(2,846,057)			(2,014,102)

Net current assets			1,298,128			990,893

Total assets less current liabilities			1,568,296			1,288,451

Creditors: amounts falling due after more than one year	6		(30,925)			(84,394)

Provisions for liabilities			(65,000)			(71,848)


Net assets			1,472,371			1,132,209

Capital and reserves
Called up share capital			1,000			1,000
Share premium			216,630			216,630
Revaluation reserve	7		43			43
Profit and loss account			1,254,698			914,536

Shareholders' funds			1,472,371			1,132,209

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Alexzander Bond
Director
Approved by the board on 3 December 2025

Taranis Engineering Limited
Notes to the Accounts
for the year ended 30 September 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			over 5 years
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years
	Motor vehicles			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					27		26


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 October 2024	75,314		88,232		283,673		447,219
	Additions	7,569		51,306		12,617		71,492
	Disposals	-		(2,061)		(67,158)		(69,219)
	At 30 September 2025	82,883		137,477		229,132		449,492

	Depreciation
	At 1 October 2024	16,463		41,692		91,506		149,661
	Charge for the year	12,698		11,013		31,627		55,338
	On disposals	-		(1,313)		(24,362)		(25,675)
	At 30 September 2025	29,161		51,392		98,771		179,324

	Net book value
	At 30 September 2025	53,722		86,085		130,361		270,168
	At 30 September 2024	58,851		46,540		192,167		297,558







4	Debtors					2025		2024
£							£

	Trade debtors					2,656,324		1,786,620
	Other debtors					179,653		248,401
						2,835,977		2,035,021


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					32,092		68,413
	Trade creditors					1,225,311		1,187,790
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					2,362		-
	Taxation and social security costs					647,717		255,099
	Other creditors					938,575		502,800
						2,846,057		2,014,102


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					30,925		84,394


7	Capital redemption reserve					2025		2024
£							£

	At 1 October 2024					43		43

	At 30 September 2025					43		43


8	Other financial commitments					2025		2024
£							£

	Total future minimum payments under non-cancellable operating leases					455,917		308,914


9	Controlling party

	Following a management buy out in May 2019, the company is a wholly owned subsidiary of Taranis Air Conditioning Limited which is a private company limited by shares and incorporated in England (registered number 08681194) . Its registered office is Unit 8 Farleigh Court, Flax Bourton, Bristol, BS48 1UR.


10	Other information

	Taranis Engineering Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 8 Farleigh Court
	Flax Bourton
	Bristol
	BS48 1UR