REGISTERED NUMBER: 03696111 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

POWERTRAIN TECHNOLOGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I P Gilbert Managing Director

M J McClelland Chairman

R Meldolesi Director

SECRETARY:

I P Gilbert Managing Director

REGISTERED OFFICE:

1 Riverside Business Centre

Brighton Road

Shoreham By Sea

West Sussex

BN43 6RE

REGISTERED NUMBER:

03696111 (England and Wales)

ACCOUNTANTS:

Parkers

178-180 Church Road

Hove, East Sussex

BN3 2DJ

BANKERS:

National Westminster Bank plc

21 East Sussex

Shoreham-by-Sea

West Sussex

BN43

FIXED ASSETS

Tangible assets

4

3,547

2,699

CURRENT ASSETS

Debtors

5

295,127

156,638

Cash at bank

644,118

665,119

939,245

821,757

CREDITORS

Amounts falling due within one year

6

169,452

162,812

NET CURRENT ASSETS

769,793

658,945

TOTAL ASSETS LESS CURRENT LIABILITIES

773,340

661,644

CAPITAL AND RESERVES

Called up share capital

7

834

834

Share premium

160

160

Capital redemption reserve

605

605

Retained earnings

771,741

660,045

SHAREHOLDERS' FUNDS

773,340

661,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th December 2025 and were signed on its behalf by:

I P Gilbert Managing Director - Director

1.	STATUTORY INFORMATION

Powertrain Technology 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

No significant judgements have had to be made by the directors in preparing these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for engineering services rendered, net of discounts and Value Added Tax.

The company recognises turnover 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.

Tangible fixed assets

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

Short leasehold

-

33% on cost

Plant and machinery

-

33% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

33% on cost

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable..

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 profit or loss.

Taxation

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

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1st April 2024

2,995

152,372

22,761

14,031

192,159

Additions

-

4,282

-

-

4,282

At 31st March 2025

2,995

156,654

22,761

14,031

196,441

DEPRECIATION

At 1st April 2024

2,995

150,019

22,755

13,691

189,460

Charge for year

-

3,090

5

339

3,434

At 31st March 2025

2,995

153,109

22,760

14,030

192,894

NET BOOK VALUE

At 31st March 2025

-

3,545

1

1

3,547

At 31st March 2024

-

2,353

6

340

2,699

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

129,024

124,069

Other debtors

166,103

32,569

295,127

156,638

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

106,742

14,631

Taxation and social security

35,613

114,749

Other creditors

27,097

33,432

169,452

162,812

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

181

Ordinary

£1

181

181

120

Ordinary A non-voting

£1

120

120

153

Ordinary C non-voting

£1

153

153

2

Ordinary D non-voting

£1

2

2

70

Ordinary E non-voting

£1

70

70

90

Ordinary F non-voting

£1

90

90

48

Ordinary I non-voting

£1

48

48

30

Ordinary J non-voting

£1

30

30

60

Ordinary K non-voting

£1

60

60

42

Ordinary L non-voting

£1

42

42

30

Ordinary M non-voting

£1

30

30

8

Ordinary N non-voting

£1

8

8

834

834