Company Registration No. 06804940 (England and Wales)
TOTAL VIBRATION SOLUTIONS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2025
30 April 2025
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
TOTAL VIBRATION SOLUTIONS LIMITED
COMPANY INFORMATION
Directors
Mr P Dent
Mr P Lafone
Secretary
Mrs J Outram
Company number
06804940
Registered office
Low Bay
Commerce Street
Carrs Industrial Estate
Haslingden
Rossendale
BB4 5JT
Auditor
PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
TOTAL VIBRATION SOLUTIONS LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3 - 4
Independent auditor's report
5 - 8
Statement of comprehensive income
9
Balance sheet
10
Statement of changes in equity
11
Statement of cash flows
12
Notes to the financial statements
13 - 24
TOTAL VIBRATION SOLUTIONS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2025
- 1 -

The directors present the strategic report for the year ended 30 April 2025.

Review of the business

The directors aim to present a balanced review of the development and performance of the business during the period and of the company's position at the period end. The review is consistent with the size and non-complex nature of the business and is written in the context of the risks and uncertainties facing the company.

The company operates from its two premises in Haslingden and St Helens supplying noise and vibration solutions. The company has successfully evolved into four key divisions; sports surfaces, gym flooring, play surfaces and acoustic. The business has a balanced portfolio of products and a presence in international markets.

The directors consider the key performance indicators are those that communicate the financial performance and strength of the company, being turnover, gross profit and shareholders’ funds.

The company saw a 4% decrease in turnover during 2025 to £11,876,641 compared with £12,385,486 in 2024. Although there was a decrease in turnover the company has achieved profit before tax of £2,190,040 in 2025 similar to 2024 at £2,196,662. This is a result of consistently monitoring and managing internal costs. The gross profit margin has remained consistent at 44.4% in 2025 compared to 44.6% in 2024.

The results for the year and the financial position at the year-end were considered satisfactory by the directors who anticipate continued growth in the foreseeable future.

Principal risks and uncertainties

The Board of Directors has primary responsibility for identifying the principal risks which the company faces and for developing appropriate policies to manage those risks.

The business' principal financial instruments comprise bank balances, trade debtors and trade creditors. The main purpose of these instruments is to finance the business' operations.

Price risk, credit risk, liquidity risk and cash flow risk

The main risks and uncertainties, set out below, though not an exhaustive list but which could affect company performance include:-

1. Economic conditions: The introduction of new and potential changes to existing legislation coupled with business interruption and disaster planning can impact the industry. Inflation continues to dominate the headlines and consumer confidence.

2. Supplier/​customer relationships: Intense competition constantly putting margins under pressure and exposure to commodity price fluctuations can impact company performance. This risk is mitigated by the company diversifying its product range and sectors. Trade debtors are managed in respect of credit and cashflow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for doubtful debtors.

Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

3. Liquidity: The company finances its business using a mixture of retained profits and a lending facility provided by the bank. It is considered that the company will operate within these facilities.

Key performance indicators

The directors deem the below to be the key performance indicators to the business:

2025
2024
Turnover
£11.9m
£12.4m
Shareholders funds
£6.2m
£4.5m
Gross Profit
44.36%
44.63%
TOTAL VIBRATION SOLUTIONS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
Other information and explanations

The business environment within the noise and vibration control industry continues to be challenging. The sector is competitive, and margins continue to be under pressure. Market spending and changing economic patterns can easily affect the industry. The directors believe they have managed the above risks responsibly and effectively and they have been able to mitigate any material impact on the company's resultant financial position or profitability during the period.

On behalf of the board

Mr P Lafone
Director
17 October 2025
TOTAL VIBRATION SOLUTIONS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -

The directors present their annual report and financial statements for the year ended 30 April 2025.

Principal activities

The principal activity of the company continued to be that of sales and installation of noise and vibration control products, as well as, sales and installation of sports flooring.

Results and dividends

The results for the year are set out on 9.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr P Dent
Mr P Lafone
Auditor

The auditor, PM+M Solutions for Business LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of directors' responsibilities

The directors are responsible for preparing the annual report 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; and

- 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 of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

TOTAL VIBRATION SOLUTIONS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
On behalf of the board
Mr P Lafone
Director
17 October 2025
TOTAL VIBRATION SOLUTIONS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TOTAL VIBRATION SOLUTIONS LIMITED
- 5 -
Opinion

We have audited the financial statements of Total Vibration Solutions Limited (the 'company') for the year ended 30 April 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including 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 30 April 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 Auditor's 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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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 our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

TOTAL VIBRATION SOLUTIONS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TOTAL VIBRATION SOLUTIONS LIMITED (CONTINUED)
- 6 -
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 identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which 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 directors' r esponsibilities s tatement, 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 is 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.

Auditor's 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 an auditor's report 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.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

TOTAL VIBRATION SOLUTIONS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TOTAL VIBRATION SOLUTIONS LIMITED (CONTINUED)
- 7 -

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we have considered the following:

- the nature of the industry and sector, control environment and business performance including the design of the Company's remuneration policies, key drivers for directors’ remuneration, bonus levels and performance targets;

- results of our enquiries of management about their own identification and assessment of the risks of irregularities;

- the matters discussed among the audit engagement team and relevant specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud;

- a ny matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to:

  - identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

  - detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

  - the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: timing of recognition of commercial income, posting of unusual journals and complex transactions; and manipulating the Company's performance profit measures and other key performance indicators to meet remuneration targets and externally communicated targets. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included UK Companies Act, employment law, health and safety regulations, pensions legislation and tax legislation.

Audit response to risks identified

Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- reading minutes of meetings of those charged with governance and reviewing correspondence with HMRC; and

- in addressing the identified risks of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

TOTAL VIBRATION SOLUTIONS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TOTAL VIBRATION SOLUTIONS LIMITED (CONTINUED)
- 8 -

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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 an auditor's report 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.

Chris Read FCCA (Senior Statutory Auditor)
For and on behalf of PM+M Solutions for Business LLP, Statutory Auditor
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
17 October 2025
TOTAL VIBRATION SOLUTIONS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2025
- 9 -
2025
2024
Notes
£
£
Turnover
3
11,876,641
12,385,486
Cost of sales
(6,607,602)
(6,858,023)
Gross profit
5,269,039
5,527,463
Distribution costs
(1,099,023)
(991,853)
Administrative expenses
(2,006,937)
(2,440,032)
Other operating income
-
0
136,601
Operating profit
4
2,163,079
2,232,179
Interest receivable and similar income
8
48,644
28,101
Interest payable and similar expenses
9
(21,683)
(63,618)
Profit before taxation
2,190,040
2,196,662
Tax on profit
10
(536,710)
(556,415)
Profit for the financial year
1,653,330
1,640,247

The profit and loss account has been prepared on the basis that all operations are continuing operations.

TOTAL VIBRATION SOLUTIONS LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
12
209,211
340,798
Investment property
13
-
0
890,000
209,211
1,230,798
Current assets
Stocks
14
1,996,373
1,686,691
Debtors
15
3,721,255
3,461,685
Cash at bank and in hand
2,833,561
1,461,166
8,551,189
6,609,542
Creditors: amounts falling due within one year
16
(2,522,403)
(2,995,742)
Net current assets
6,028,786
3,613,800
Total assets less current liabilities
6,237,997
4,844,598
Creditors: amounts falling due after more than one year
17
-
(197,960)
Provisions for liabilities
Deferred tax liability
19
33,465
95,436
(33,465)
(95,436)
Net assets
6,204,532
4,551,202
Capital and reserves
Called up share capital
21
85
85
Capital redemption reserve
15
15
Profit and loss reserves
6,204,432
4,551,102
Total equity
6,204,532
4,551,202

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 17 October 2025 and are signed on its behalf by:
Mr P Lafone
Director
Company registration number 06804940 (England and Wales)
TOTAL VIBRATION SOLUTIONS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2025
- 11 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 May 2023
85
15
3,845,855
3,845,955
Year ended 30 April 2024:
Profit and total comprehensive income
-
-
1,640,247
1,640,247
Dividends
11
-
-
(935,000)
(935,000)
Balance at 30 April 2024
85
15
4,551,102
4,551,202
Year ended 30 April 2025:
Profit and total comprehensive income
-
-
1,653,330
1,653,330
Balance at 30 April 2025
85
15
6,204,432
6,204,532
TOTAL VIBRATION SOLUTIONS LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2025
- 12 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
27
3,071,244
1,715,183
Interest paid
(21,683)
(63,618)
Income taxes (paid)/refunded
(851,979)
50,364
Net cash inflow from operating activities
2,197,582
1,701,929
Investing activities
Purchase of tangible fixed assets
(33,328)
(10,837)
Proceeds from disposal of tangible fixed assets
14,107
81,664
Proceeds from disposal of investment property
878,128
-
0
Loans made to other entities
-
0
(8,750)
Advance of loans
(1,000,861)
-
0
Interest received
48,644
28,101
Net cash (used in)/generated from investing activities
(93,310)
90,178
Financing activities
Repayment of bank loans
(731,877)
(320,117)
Payment of finance leases obligations
-
0
(74,110)
Dividends paid
-
0
(935,000)
Net cash used in financing activities
(731,877)
(1,329,227)
Net increase in cash and cash equivalents
1,372,395
462,880
Cash and cash equivalents at beginning of year
1,461,166
998,286
Cash and cash equivalents at end of year
2,833,561
1,461,166
TOTAL VIBRATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 13 -
1
Accounting policies
Company information

Total Vibration Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Low Bay, Commerce Street, Carrs Industrial Estate, Haslingden, Rossendale, BB4 5JT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of revenue can be measure reliably;

- it is probable that the company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of transaction can be measured reliably.

Revenue from contracts for the provision of installation services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

TOTAL VIBRATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 14 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold buildings
20% straight line basis
Plant and equipment
20% straight line basis
Fixtures and fittings
20% - 33.3% straight line basis
Motor vehicles
25% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

TOTAL VIBRATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 15 -
Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.12
Retirement benefits

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

TOTAL VIBRATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 16 -
1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.14
Foreign exchange

Transactions in currencies other than the functional currency (foreign currency) are initially recorded at the exchange rate prevailing on the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange rate prevailing on the date of the transaction.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Amounts recoverable on contracts

Profit on installation contracts is taken as the work is carried out, if the final outcome can be assessed with reasonable certainty. The profit is calculated on a prudent basis to reflect the proportion of work carried out by the year end by recording turnover and related costs as contract activity progresses.

Turnover is calculated by the stage of completion in relation to costs incurred and costs to complete. Revenue derived from the variations on contracts is only recognised when they have been accepted by the customers.

Full provision is made for losses on all contracts in the year in which they are foreseen.

Amounts recoverable on contracts are amounts not yet invoiced for work which has been completed but not yet certified.

TOTAL VIBRATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 17 -
3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Distributions
9,880,125
8,776,982
Installations
1,996,516
3,608,504
11,876,641
12,385,486
2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
10,819,065
11,965,545
Europe
915,823
419,941
Rest of World
141,753
-
11,876,641
12,385,486
2025
2024
£
£
Other revenue
Interest income
48,644
28,101
4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Exchange (gains)/losses
(16,124)
176
Depreciation of owned tangible fixed assets
164,915
197,435
Profit on disposal of tangible fixed assets
(14,107)
(48,354)
Loss on disposal of investment property
11,872
-
Operating lease charges
175,332
160,512
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
16,500
17,625
TOTAL VIBRATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 18 -
6
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Directors
2
2
Production
4
4
Admin
15
14
Total
21
20

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
1,082,785
1,389,286
Social security costs
126,629
168,871
Pension costs
51,408
49,963
1,260,822
1,608,120
7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
68,892
439,550
Company pension contributions to defined contribution schemes
20,000
20,000
88,892
459,550
Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
n/a
224,208
Company pension contributions to defined contribution schemes
n/a
10,000

As total directors' remuneration was less than £200,000 in the current year, no disclosure is provided for that year.

TOTAL VIBRATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 19 -
8
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
48,644
16,758
Other interest income
-
0
11,343
Total income
48,644
28,101
9
Interest payable and similar expenses
2025
2024
£
£
Interest on bank overdrafts and loans
21,683
58,499
Interest on finance leases and hire purchase contracts
-
0
5,119
21,683
63,618
10
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
598,681
571,979
Deferred tax
Origination and reversal of timing differences
(61,971)
(11,954)
Adjustment in respect of prior periods
-
0
(3,610)
Total deferred tax
(61,971)
(15,564)
Total tax charge
536,710
556,415
TOTAL VIBRATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
10
Taxation
(Continued)
- 20 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
2,190,040
2,196,662
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
547,510
549,166
Tax effect of expenses that are not deductible in determining taxable profit
3,484
1,011
Tax effect of income not taxable in determining taxable profit
-
0
(28,026)
Gains not taxable
(20,556)
30,995
Permanent capital allowances in excess of depreciation
6,272
6,879
Deferred tax adjustments in respect of prior years
-
0
(3,610)
Taxation charge for the year
536,710
556,415
11
Dividends
2025
2024
£
£
Final paid
-
0
935,000
12
Tangible fixed assets
Leasehold buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 May 2024
205,855
264,814
99,688
449,025
1,019,382
Additions
-
0
5,737
4,092
23,499
33,328
Disposals
-
0
-
0
-
0
(35,400)
(35,400)
At 30 April 2025
205,855
270,551
103,780
437,124
1,017,310
Depreciation and impairment
At 1 May 2024
156,489
187,110
86,877
248,108
678,584
Depreciation charged in the year
25,601
32,588
6,736
99,990
164,915
Eliminated in respect of disposals
-
0
-
0
-
0
(35,400)
(35,400)
At 30 April 2025
182,090
219,698
93,613
312,698
808,099
Carrying amount
At 30 April 2025
23,765
50,853
10,167
124,426
209,211
At 30 April 2024
49,366
77,704
12,811
200,917
340,798
TOTAL VIBRATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 21 -
13
Investment property
2025
£
Fair value
At 1 May 2024
890,000
Disposals
(890,000)
At 30 April 2025
-
0

During the financial period, the investment property was sold in full.

14
Stocks
2025
2024
£
£
Raw materials and consumables
1,989,473
1,686,691
Work in progress
6,900
-
0
1,996,373
1,686,691
15
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,695,642
2,001,274
Gross amounts owed by contract customers
285,975
961,093
Corporation tax recoverable
340,744
-
0
Other debtors
1,044,734
41,597
Prepayments and accrued income
354,160
457,721
3,721,255
3,461,685
16
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
18
-
0
533,917
Trade creditors
1,273,639
1,210,618
Corporation tax
659,425
571,979
Other taxation and social security
389,888
367,402
Other creditors
49,301
120,199
Accruals and deferred income
150,150
191,627
2,522,403
2,995,742
TOTAL VIBRATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 22 -
17
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
18
-
0
197,960
18
Loans and overdrafts
2025
2024
£
£
Bank loans
-
0
731,877
Payable within one year
-
0
533,917
Payable after one year
-
0
197,960
19
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
34,132
95,436
Short term timing differences
(667)
-
33,465
95,436
2025
Movements in the year:
£
Liability at 1 May 2024
95,436
Credit to profit or loss
(61,971)
Liability at 30 April 2025
33,465
TOTAL VIBRATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 23 -
20
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
51,408
49,963

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

The balance outstanding at the year end amounted to £5,332 (202 4: £4,846).

21
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
85
85
85
85
22
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within 1 year
237,862
175,461
Years 2-5
591,604
408,659
829,466
584,120
23
Related party transactions

An amount of £182,165 (202 4: £127,672) was expensed in the year, relat ing to rentals due on the property paid to a Pension Scheme connected to the directors of the group. There is a balance in Creditors of £21,000 relating to the same at the end of the period.

24
Directors' transactions

Directors loans of £1,009,611 (2024 - (£36,041)) were due to the company at the year end. No interest is being charged on these loans. The maximum amount payable by the company in the year was £817,564.

25
Ultimate controlling party

The ultimate controlling party of the business is Mr P Lafone.

TOTAL VIBRATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 24 -
26
Analysis of changes in net funds
1 May 2024
Cash flows
30 April 2025
£
£
£
Cash at bank and in hand
1,461,166
1,372,395
2,833,561
Borrowings excluding overdrafts
(731,877)
731,877
-
729,289
2,104,272
2,833,561
27
Cash generated from operations
2025
2024
£
£
Profit after taxation
1,653,330
1,640,247
Adjustments for:
Taxation charged
536,710
556,415
Finance costs
21,683
63,618
Investment income
(48,644)
(28,101)
Gain on disposal of tangible fixed assets
(14,107)
(48,354)
Loss on disposal of investment property
11,872
-
Fair value gain on investment properties
-
(123,981)
Depreciation and impairment of tangible fixed assets
164,915
197,435
Movements in working capital:
(Increase)/decrease in stocks
(309,682)
502,706
Decrease/(increase) in debtors
1,082,035
(2,077,209)
(Decrease)/increase in creditors
(26,868)
1,032,407
Cash generated from operations
3,071,244
1,715,183
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